Welcome to our dedicated page for Jbg Smith Proper news (Ticker: JBGS), a resource for investors and traders seeking the latest updates and insights on Jbg Smith Proper stock.
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 (NYSE: JBGS) reported its Q3 2021 financial results, showing net income of $0.00 per diluted share, with Funds From Operations (FFO) at $0.27 and Core FFO at $0.32 per diluted share. Total enterprise value reached approximately $6.4 billion. Annualized Net Operating Income (NOI) was $324.0 million, a slight decrease from the previous quarter. The company executed 126,000 square feet of office leases with a modest rental rate increase. A quarterly dividend of $0.225 per share was declared, payable on November 24, 2021. COVID-19 continued to impact financial performance, particularly in the commercial sector.
JBG SMITH (NYSE: JBGS) has announced a quarterly dividend of $0.225 per common share, payable on November 24, 2021, to shareholders of record by November 10, 2021. The company specializes in developing and managing mixed-use properties in the Washington, DC area, focusing on creating vibrant neighborhoods and maintaining carbon-neutral operations. JBG SMITH's portfolio includes 17.2 million square feet of assets, with a significant portion in the high-demand National Landing submarket, highlighting its strategic partnership with Amazon.
JBG SMITH (NYSE: JBGS) announces the launch of Surreal, a new dining venue at Dining in the Park in National Landing. Developed in collaboration with Seven Restaurant Group, known for acclaimed establishments like Seven Reasons, Surreal will offer indoor/outdoor dining and unique culinary experiences. The project is expected to begin construction in early 2022 and open in 2023, enhancing National Landing as a culinary destination with one acre of green space for diverse community activities.
JBG SMITH (NYSE: JBGS), a leading real estate firm, earned a five-star rating from the Global Real Estate Sustainability Benchmark (GRESB) in 2021 for both its operating portfolio and development pipeline. Ranked second in its sector, it achieved high marks in public disclosure and ESG goals, including carbon neutrality across its 16.1 million square foot portfolio. The firm intends to double its operating portfolio and maintain annual carbon neutral operations while adhering to sustainable development. CEO Matt Kelly praised the achievement as a testament to the company’s commitment to ESG principles.
JBG SMITH (NYSE: JBGS) will report its third quarter 2021 financial results on November 2, 2021, after market close. The investor package, including the earnings release, will be available on its Investor Relations website. JBG SMITH focuses on developing mixed-use properties in the Washington, DC market, with a significant presence in the National Landing submarket, including Amazon’s new headquarters and Virginia Tech’s $1 billion Innovation Campus. The company emphasizes green and smart building development.
JBG SMITH (NYSE: JBGS) announced the sale of 500 L’Enfant Plaza for $167 million, part of its strategy to focus on multifamily assets. The property, which is 215,000 square feet and 96% leased, helps JBG SMITH achieve over $92 million in dispositions in 2021. Proceeds will be used to reduce debt and create investment capacity in multifamily opportunities. The sale aligns with JBG SMITH's goal to divest non-core office assets as the market recovers from COVID-19.
JBG SMITH (NYSE: JBGS) announced that CEO Matt Kelly and the Executive Team will present at the 2021 BofA Securities Global Real Estate Conference on September 21, 2021, at 10:30 a.m. Eastern Time. The event will be accessible via a live webcast, with a replay available until December 22, 2021. JBG SMITH specializes in mixed-use properties in the Washington, DC area, boasting a portfolio of 17.2 million square feet of assets and a 17.0 million square feet development pipeline, primarily focused in the National Landing submarket.
JBG SMITH (NYSE: JBGS) announced achieving carbon neutrality across its 16.1 million square foot operating portfolio. This initiative aims to reduce environmental impact while meeting customer and investor expectations. The company purchased verified carbon offsets for scope one emissions and renewable energy credits (RECs) for scope two electrical consumption. Plans include a strategy for offsite renewable energy and reducing energy consumption in its development pipeline. JBG SMITH emphasizes sustainable practices to maintain its competitive advantage and positively impact communities.
JBG SMITH (NYSE: JBGS) reported a net loss of $3.0 million or $0.03 per diluted share for Q2 2021, an improvement from a $36.8 million loss in Q2 2020. Funds From Operations (FFO) increased to $37.9 million ($0.29 per diluted share) from $23.7 million ($0.18 per diluted share) year-over-year. Core FFO also rose to $44.8 million ($0.34 per diluted share). Net Operating Income (NOI) was $330.7 million for Q2 2021. The portfolio saw occupancy rates of 85.9% for commercial and 91.6% for multifamily. Dividends of $0.225 per share were declared for August. The impact of COVID-19, however, led to challenges in occupancy and rent collections.
JBG SMITH (NYSE: JBGS) declared a quarterly dividend of $0.225 per common share, scheduled for payment on August 27, 2021. Shareholders of record by August 13, 2021 will be eligible. JBG SMITH specializes in high-quality, mixed-use properties in the Washington, DC market, focusing on vibrant, walkable neighborhoods. Its portfolio includes 17.3 million square feet of assets, primarily in high-growth areas, with a development pipeline of 16.8 million square feet.
FAQ
What is the current stock price of Jbg Smith Proper (JBGS)?
What is the market cap of Jbg Smith Proper (JBGS)?
What is JBG SMITH Properties?
When was JBG SMITH founded?
What are the main segments of JBG SMITH's operations?
Where is JBG SMITH located?
What types of properties does JBG SMITH invest in?
What is the primary source of JBG SMITH's revenue?
Does JBG SMITH provide third-party services?
What is JBG SMITH known for in the real estate market?
What recent projects has JBG SMITH undertaken?
What is JBG SMITH's commitment to the community?
