Jbg Smith Proper - JBGS STOCK NEWS

JBG SMITH (NYSE:JBGS) will release its second quarter 2021 financial results on August 3, 2021, after market close. The earnings report, along with the investor package, will be accessible on its Investor Relations website. JBG SMITH focuses on developing high-quality, mixed-use properties primarily in the Washington, DC area, with significant holdings in the National Landing submarket. The company's portfolio includes 17.3 million square feet of assets, 98% of which are near Metro stations, and a development pipeline of 16.8 million square feet.

JBG SMITH (NYSE: JBGS) released its annual Environmental, Social, and Governance (ESG) Report, showcasing significant 2020 achievements. Key metrics include a 5-Star GRESB rating and set performance targets for reducing energy and carbon emissions. Social initiatives preserved 1,150 workforce housing units and launched the Inclusion Community. Governance improvements involved board composition enhancements and ESG alignment with SASB and TCFD standards. The report aims to increase shareholder value while addressing climate change and fostering sustainable community development.

JBG SMITH (NYSE: JBGS) has received final entitlement approvals for its 2000 and 2001 South Bell Street project in National Landing, allowing for the construction of 758 apartments and over 22,000 square feet of retail space. The two buildings will total approximately 723,000 square feet, with amenities including rooftop pools and fitness centers. This development is part of JBG SMITH's 5.0 million square foot Near-Term Development Pipeline, which now has entitlements secured for 50%. Additionally, the company will contribute to affordable housing and community improvements in the area.

JBG SMITH (NYSE: JBGS) and J.P. Morgan Global Alternatives have formed a joint venture to develop approximately 2.0 million square feet of mixed-use space at Potomac Yard, Alexandria. J.P. Morgan contributes a land site for 1.3 million square feet of development, while JBG SMITH adds over 700,000 square feet. JBG SMITH holds a 50% stake and will manage the properties. This venture increases JBG SMITH's ownership interest in National Landing to 79%. The project aligns with Virginia Tech’s Innovation Campus nearby, aiming to foster an innovation ecosystem.

JBG SMITH (NYSE: JBGS) reported its first quarter 2021 results revealing a net loss of $20.7 million, or $0.16 per diluted share. The Funds From Operations (FFO) was $42.3 million, while Core FFO stood at $49.6 million. Annualized Net Operating Income (NOI) increased to $322.2 million, despite a 9.2% decrease in Same Store NOI due to COVID-19 impacts. The operating portfolio was 87.3% leased and 91.0% leased for commercial and multifamily, respectively. The company has ongoing developments with a future pipeline of 29 assets totaling 12 million square feet. A quarterly dividend of $0.225 per share was also declared.

JBG SMITH (NYSE: JBGS) has declared a quarterly dividend of $0.225 per common share, payable on May 27, 2021, to shareholders on record as of May 13, 2021. This announcement highlights the company’s ongoing commitment to returning value to its investors. JBG SMITH, an S&P 400 company, manages a portfolio of 16.7 million square feet of mixed-use properties concentrated in the Washington, DC area, with a significant development pipeline of 17.6 million square feet. The firm aims to create vibrant, amenity-rich neighborhoods around National Landing, home to Amazon's new headquarters.

JBG SMITH (NYSE: JBGS) will release its first quarter 2021 financial results on May 4, 2021, after market close. The earnings report will be available on their Investor Relations website. JBG SMITH boasts a robust portfolio of 16.7 million square feet of mixed-use properties, with 98% Metro-served, and a development pipeline of 17.6 million square feet. The company focuses on creating vibrant, walkable neighborhoods in the Washington, DC area, notably serving as the exclusive developer for Amazon's new headquarters.

JBG SMITH (NYSE: JBGS) has appointed Barbat Rodgers as Senior Vice President of Investor Relations, reporting to the CFO. With over a decade of experience in investment banking and corporate finance, Ms. Rodgers aims to enhance investor engagement while overseeing the Investor Relations function. Previously with Healthpeak Properties, she has a strong background in the real estate sector. JBG SMITH, focused on high-quality mixed-use properties in the Washington, DC area, boasts a portfolio of 16.7 million square feet and a development pipeline of 17.6 million square feet.

JBG SMITH (NYSE: JBGS) has announced the start of construction for two residential towers at 1900 Crystal Drive in National Landing, comprising 808 multifamily rental units and 40,000 square feet of retail space. The project includes a 27-story southern tower with 471 apartments and a 26-story northern tower with 337 apartments. The guaranteed maximum price contract secured is over 7.5% below pre-pandemic pricing. This development aims to enhance the community and increase the area's daytime population significantly, driven by Amazon's growing presence in the region.