Jbg Smith Proper Stock Price, News & Analysis

JBG SMITH (NYSE: JBGS) has declared a $0.225 quarterly dividend per common share, payable January 14, 2022, to shareholders of record by December 30, 2021. The company focuses on developing mixed-use properties in the Washington, DC area, holding a portfolio of 17.1 million square feet of assets and a 16.6 million square feet development pipeline. JBG SMITH aims for carbon-neutral operations annually and emphasizes creating vibrant, walkable neighborhoods, particularly in the National Landing submarket where it is the exclusive developer for Amazon's headquarters.

JBG SMITH (NYSE: JBGS) was awarded Nareit’s 2021 Diversified Leader in the Light award for its exemplary ESG efforts. Recognized during the REITworld: 2021 Annual Conference, JBG SMITH achieved top honors among diversified companies. The award reflects strong performance in sustainability as assessed by the GRESB Annual Survey. The company has also declared carbon neutrality across its operating portfolio and ranked first in its sector for development. JBG SMITH operates 17.1 million square feet of properties, primarily in the Washington, DC area, with a pipeline of 16.6 million square feet for development.

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.