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JBG SMITH Properties (symbol: JBGS) is a leading real estate investment trust (REIT) based in the United States, primarily focused on urban infill submarkets in and around Washington, D.C. The company has a rich history dating back to 1960, when it began investing, owning, and developing real estate in the Washington metropolitan area—a region known for its dynamic real estate market.
JBG SMITH's diverse portfolio includes millions of square feet across various property types such as office, residential, hotel, and retail spaces. The company operates through three main segments: Commercial, Multifamily, and Third-Party Asset Management and Real Estate Services. The majority of its revenue is generated from the Commercial segment, which involves leasing office and retail spaces.
One of JBG SMITH's key strengths is its commitment to creating and preserving real estate values while continuously improving the urban environment in the Washington metropolitan area. The company is recognized for securing superior risk-adjusted returns, making it a trusted name among investors, partners, and employees. It also provides fee-based real estate services to legacy funds through its third-party real estate services business.
In recent developments, JBG SMITH has been involved in various high-profile projects aimed at enhancing urban infrastructure and living spaces. The company's focus on sustainability, integrity, and dependability has earned it a distinguished reputation in the industry.
Whether you're an investor looking for reliable returns, a business seeking prime office space, or a resident in search of quality living, JBG SMITH continues to be a cornerstone of the real estate landscape in one of the world's most active markets.
- Core Business: Real Estate Investment and Development
- Operating Segments: Commercial, Multifamily, Third-Party Asset Management, and Real Estate Services
- Revenue Source: Predominantly from the Commercial Segment
- Recent Achievements: High-profile urban development projects
- Commitment: Sustainability, integrity, and superior risk-adjusted returns
JBG SMITH has signed a 11.5-year lease with HII for 36,809 square feet at 2451 Crystal Drive, National Landing. This move strengthens HII's proximity to key clients, particularly the U.S. Navy, and boosts its presence in the national capital region. The lease reflects ongoing growth, with JBG SMITH securing over 1.4 million square feet of new leases since April 2020. This expansion positions both companies amidst a burgeoning hub for defense technology alongside industry leaders like Boeing and Raytheon.
JBG SMITH (NYSE: JBGS) will announce its third quarter 2022 financial results on November 1, 2022. Investors can access the quarterly investor package, including the earnings release, via the company's Investor Relations website.
The company focuses on high-quality, mixed-use properties in the Washington, DC area, with a significant portion of its holdings in the National Landing submarket. JBG SMITH's portfolio comprises 15.5 million square feet of assets, with 98% metro-served, and a development pipeline of 9.8 million square feet.
JBG SMITH has partnered with Federated Wireless to provide exclusive 5G Private Wireless Services in National Landing. Federated Wireless will relocate its headquarters, occupying 36,000 square feet in JBG SMITH's 2121 Crystal Drive. This strategic collaboration aims to create a converged digital infrastructure with a focus on innovation in sectors such as government, high tech, and retail. The project includes a $25.3 million investment in CBRS spectrum, facilitating high-speed connectivity for tenants in the area, supporting the rapid transformation of National Landing.
JBG SMITH (NYSE: JBGS) reported its Q2 2022 financial results, revealing a net income of $123.3 million, a significant improvement from a loss of $3.0 million in Q2 2021. Funds From Operations (FFO) for the quarter was $33.6 million, down from $37.9 million year-over-year. Same Store NOI increased by 13.8% to $79.3 million, driven by higher occupancy in multifamily units. The operating commercial portfolio was 87.3% leased. JBG SMITH's total enterprise value stands at approximately $5.2 billion with a net debt to annualized Adjusted EBITDA of 8.1x as of June 30, 2022.
JBG SMITH (NYSE: JBGS) has announced a quarterly dividend of $0.225 per common share, set to be paid on August 26, 2022. Shareholders of record by August 12, 2022 will receive this dividend. The company focuses on developing high-quality, mixed-use properties primarily in the Washington, DC market, with significant investments in the National Landing submarket, including Amazon’s new headquarters and Virginia Tech’s $1 billion Innovation Campus. Currently, JBG SMITH holds a portfolio of 17.9 million square feet and a development pipeline of 14.4 million square feet.
JBG SMITH (NYSE: JBGS) will release its second quarter 2022 financial results on August 2, 2022, after trading hours. Investors can access the earnings release and quarterly investor package on their website. The company focuses on high-quality mixed-use properties in the Washington, DC area, with a portfolio of 17.9 million square feet and development opportunities totaling 14.4 million square feet. JBG SMITH aims for carbon-neutral operations annually.
JBG SMITH (NYSE: JBGS) has announced the sale of two properties totaling $344 million and increased its common share repurchase authorization by $500 million, bringing the total to $1 billion. The significant sales include a $198 million transaction of the PenPlace site to Amazon, set for its HQ2, and the sale of the 1900 N Street office building. The company aims to focus on multifamily investments, enhancing shareholder value through strategic capital recycling.
JBG SMITH (NYSE: JBGS) reported financial results for Q1 2022, revealing a net loss of $20.7 million, while Funds From Operations (FFO) reached $51.3 million. Annualized Net Operating Income (NOI) increased to $370.7 million, with Same Store NOI rising 12.0% year-over-year. The commercial portfolio was 85.2% leased, and multifamily portfolio occupancy was at 94.1%. Significant activities post-March 31 included the sale of the Universal Buildings for $228 million and a new venture with Fortress Investment Group valued at $580 million. A quarterly dividend of $0.225 was declared, payable May 27, 2022.
JBG SMITH (NYSE: JBGS), a prominent mixed-use property owner in Washington, DC, has declared a quarterly dividend of $0.225 per common share. This dividend is set to be paid on May 27, 2022, to shareholders on record as of May 13, 2022.
JBG SMITH's portfolio includes 17.4 million square feet of office, multifamily, and retail assets, with a development pipeline of 16.6 million square feet. The company focuses on creating vibrant neighborhoods and aims for carbon-neutral operations.
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