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JBG SMITH Properties - JBGS STOCK NEWS

Welcome to our dedicated page for JBG SMITH Properties news (Ticker: JBGS), a resource for investors and traders seeking the latest updates and insights on JBG SMITH Properties 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
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JBG SMITH (NYSE: JBGS), a prominent owner and developer of mixed-use properties in the Washington, DC area, announced that it will release its second quarter 2024 financial results on July 30, 2024, after the market closes. The results and a detailed investor package will be accessible on the company's Investor Relations website at investors.jbgsmith.com.

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JBG SMITH (NYSE: JBGS) has launched LEO Impact Capital, a new platform focused on investing in and preserving middle-income housing in high-demand neighborhoods. LEO consolidates JBG SMITH’s existing impact investment activities, including managing the $115 million Washington Housing Initiative Impact Pool. The Impact Pool has successfully preserved over 3,000 housing units across DC, Maryland, and Virginia since 2020, exceeding its target ahead of schedule. AJ Jackson has been appointed as President of LEO Impact Capital. The initiative aims to support essential workers by providing affordable housing options, which is increasingly important as housing costs rise.

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JBG SMITH (NYSE: JBGS), a prominent developer and owner of mixed-use properties in the Washington, DC area, has shared management commentary on its 2024 Investor Day materials. The company highlighted its current projects, future developments, and strategic initiatives aimed at enhancing shareholder value. Key points include plans for new residential and commercial properties, ongoing leasing activities, and financial performance metrics.

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JBG SMITH (NYSE: JBGS) reported first quarter 2024 financial results with a net loss of $32.3 million, FFO of $10.7 million, and Core FFO of $26.9 million. Annualized NOI was $307.5 million, SSNOI increased by 6.5%, and operating portfolios showed stable occupancy rates. The company had two multifamily assets under construction and 18 assets in the development pipeline. Revenue from third-party real estate services was $17.9 million. Balance sheet showed total enterprise value of $4.0 billion. Activities included asset sales, share repurchases, and dividend declaration.

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JBG SMITH (JBGS) announces a quarterly common dividend of $0.175 per share, payable on May 24, 2024, to shareholders of record on May 10, 2024.
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JBG SMITH (JBGS) releases its 2024 Sustainability Report, showcasing achievements in governance, environmental initiatives, and community impact. Key highlights include updated climate risk assessment, gender-balanced board composition, carbon neutrality, GRESB Sector Leader recognition, and community support through financing and retail leasing.
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JBG Smith surpasses goal to preserve 3,000 housing units with Impact Pool, investing in Franklin Apartments and other properties across Washington region.
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JBG SMITH (JBGS) to report first quarter 2024 financial results on April 30, 2024. Quarterly investor package to be available on the company's website.
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JBG SMITH (JBGS) announced the termination of discussions for the Potomac Yard Entertainment District due to political influences and special interests, hindering the development of a world-class arena and entertainment hub.
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JBG SMITH (JBGS) reports its financial results for the year ended December 31, 2023. Net income, Funds From Operations, and Core FFO figures are highlighted. The company's Annualized NOI and Same Store NOI show positive trends. Operating portfolio details, development projects, and third-party asset management revenues are also provided. The balance sheet, debt details, investing, and financing activities are outlined. Notable transactions post-December 31, 2023, including share repurchases and dividend declarations, are mentioned.
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FAQ

What is JBG SMITH Properties?

JBG SMITH Properties (JBGS) is a real estate investment trust (REIT) focused on urban infill submarkets in and around Washington, D.C.

When was JBG SMITH founded?

JBG SMITH has its roots dating back to 1960.

What are the main segments of JBG SMITH's operations?

The company operates through three main segments: Commercial, Multifamily, and Third-Party Asset Management and Real Estate Services.

Where is JBG SMITH located?

JBG SMITH is based in the Washington metropolitan area, United States.

What types of properties does JBG SMITH invest in?

JBG SMITH's diverse portfolio includes office, residential, hotel, and retail spaces.

What is the primary source of JBG SMITH's revenue?

The majority of JBG SMITH's revenue is generated from the Commercial segment.

Does JBG SMITH provide third-party services?

Yes, JBG SMITH offers fee-based real estate services to legacy funds through its third-party real estate services business.

What is JBG SMITH known for in the real estate market?

JBG SMITH is recognized for securing superior risk-adjusted returns and maintaining high standards of integrity and dependability.

What recent projects has JBG SMITH undertaken?

JBG SMITH has been involved in various high-profile urban development projects aimed at enhancing infrastructure and living spaces.

What is JBG SMITH's commitment to the community?

The company is committed to improving the urban environment, creating value for investors, partners, and employees, and upholding sustainability and integrity.

JBG SMITH Properties

NYSE:JBGS

JBGS Rankings

JBGS Stock Data

1.48B
88.46M
0.05%
103.28%
8.46%
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
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