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JBG SMITH Properties owns, operates, invests in and develops mixed-use real estate concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, with a notable concentration in National Landing. The company’s portfolio spans multifamily, office and retail assets, and it also reports on a mixed-use development pipeline and third-party real estate services activity.
Recurring news for JBGS includes quarterly and annual results, Form 10-Q and Form 10-K releases, dividend declarations, leasing and occupancy trends, annualized NOI and same-store NOI, rent activity in the multifamily portfolio, property operating expenses, asset sales or acquisitions, and development deliveries within its Washington, DC-area real estate platform.
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.
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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