Jbg Smith Proper Stock Price, News & Analysis

LEO Impact Capital, JBG SMITH's workforce housing platform, has secured a $13 million tax-exempt bond from Montgomery County Revenue Authority for Franklin Apartments and Earle Manor. The bond replaces existing taxable mezzanine loans provided by the Washington Housing Initiative Impact Pool. Franklin Apartments, located in Takoma Park, is a 185-unit senior living community, while Earle Manor in Wheaton comprises 140 units across two buildings. The bond aims to secure long-term affordability and prevent resident displacement in Montgomery County, Maryland.

JBG SMITH (NYSE: JBGS) reported its Q3 2024 financial results, showing a net loss of $27.0 million ($0.32 per share). The company's FFO was $19.5 million ($0.23 per share) and Core FFO was $19.3 million ($0.23 per share). The operating multifamily portfolio was 92.7% leased with 90.6% occupancy, while the commercial portfolio stood at 80.7% leased with 79.1% occupancy. Annualized NOI decreased to $282.4 million from $286.4 million in Q2 2024. The company sold Fort Totten Square for $86.8 million and repurchased 3.1 million common shares for $50.2 million.

JBG SMITH (NYSE: JBGS), a prominent developer and owner of mixed-use properties in Washington, DC, has announced a quarterly dividend of $0.175 per common share. The dividend will be distributed on November 22, 2024, to shareholders recorded as of November 7, 2024. The company specializes in high-quality, mixed-use properties in the DC market.

JBG SMITH (NYSE: JBGS), a prominent owner and developer of high-quality, mixed-use properties in the Washington, DC market, has announced that it will release its third quarter 2024 financial results after the market closes on October 29, 2024. The company's quarterly investor package, which includes the earnings release, will be made available in the Investor Relations section of their website at investors.jbgsmith.com.

JBG SMITH (NYSE: JBGS) reported its Q2 2024 financial results. Key highlights include:

- Net loss of $24.4 million ($0.27 per diluted share)
- FFO of $14.3 million ($0.16 per diluted share)
- Core FFO of $16.1 million ($0.18 per diluted share)
- Annualized NOI decreased to $286.4 million
- Same Store NOI increased 3.2% quarter-over-quarter to $71.4 million
- Multifamily portfolio 96.9% leased, 94.3% occupied
- Commercial portfolio 82.3% leased, 80.6% occupied
- Executed 248,000 sq ft of office leases in Q2
- Two multifamily assets under construction (1,583 units)
- 18 assets in development pipeline (9.3 million sq ft)
- Repurchased 4.7 million common shares for $68.7 million
- Declared quarterly dividend of $0.175 per common share

JBG SMITH (NYSE: JBGS), a prominent owner and developer of high-quality, mixed-use properties in the Washington, DC market, has announced a quarterly dividend of $0.175 per common share. The dividend is set to be paid on August 21, 2024, to shareholders of record as of August 7, 2024. This declaration by the company's Board of Trustees demonstrates JBG SMITH's commitment to providing regular returns to its shareholders, reflecting confidence in the company's financial stability and ongoing operations in the competitive DC real estate market.

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.

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.

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.