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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) has released its 2021 Environmental, Social, and Governance (ESG) Report, showcasing significant sustainability milestones. The company achieved carbon neutrality for scope 1 and 2 emissions and received multiple accolades, including the Nareit’s 2021 Diversified Leader in the Light award. Financially, JBG SMITH invested $34 million in workforce housing and established a $1 million rent relief fund. The report emphasizes improved governance with a more gender-balanced Board of Trustees and ongoing alignment with major sustainability frameworks, marking a commitment to long-term sustainability and shareholder value.
JBG SMITH (NYSE: JBGS) will release its first quarter 2022 financial results on May 3, 2022, after market close. The earnings package will be accessible via the company's Investor Relations website. JBG SMITH is a prominent developer of high-quality, mixed-use properties in the Washington, DC area. The firm focuses on creating vibrant neighborhoods, with over half of its portfolio situated in the National Landing submarket, where it is involved in significant developments, including Amazon's new headquarters and Virginia Tech's upcoming Innovation Campus.
JBG SMITH (NYSE: JBGS) announces the commencement of construction for Water Park and Dining in the Park in National Landing. The 1.6-acre redesigned Water Park will feature nine food kiosks, a full-service restaurant, and public art installations, promoting local businesses and community engagement. Dining in the Park, a collaboration with Chef Enrique Limardo, will incorporate a 5,587-square-foot dining destination amidst greenery. Expected to complete in 2023, these developments aim to enhance the area as a vibrant live-work-play destination, boosting community interaction and retail growth.
JBG SMITH (NYSE: JBGS) reported its 2021 financial results, revealing a net loss of $0.63 per diluted share, affected by $49 million in impairment losses. The Funds From Operations (FFO) was $1.22 per diluted share, marking a decrease from $1.36 in 2020. For Q4 2021, the net loss was $0.45 per share, while Core FFO was $0.31. The company saw a 20.9% increase in NOI and executed 1.7 million square feet in leases for the year. The total enterprise value was approximately $6.6 billion. Subsequent developments include a $198 million property sale and the acquisition of a $205 million multifamily asset.
JBG SMITH (NYSE: JBGS) has entered a definitive agreement with Fortress Investment Group to form a joint venture, recapitalizing a portfolio of seven office buildings valued at $580 million. The portfolio encompasses 1.6 million square feet across the Washington, DC area, including properties in Bethesda, DC, Reston, and Arlington. This strategic move aligns with JBG SMITH's plan to shift towards multifamily developments and enhance its capital recycling efforts, following its goal to sell $1.5 billion in non-core assets.
JBG SMITH (NYSE: JBGS) will report its fourth quarter and year-end 2021 financial results on February 22, 2022, after market close. Investors can access the quarterly investor package and earnings release on the company’s website. JBG SMITH is a prominent owner and developer of mixed-use properties in the Washington, DC area, focusing on high-growth submarkets. The company boasts a portfolio of 17.1 million square feet of assets, with a significant development pipeline of 16.6 million square feet. JBG SMITH aims for carbon-neutral operations.
JBG SMITH has commenced construction on two multifamily towers at 2000 and 2001 South Bell Street in National Landing, set to deliver 775 rental apartments and nearly 27,000 square feet of retail space. Designed by KPF and STUDIOS, the towers will feature modern amenities, including rooftop spaces, fitness centers, and electric vehicle charging stations. Targeting LEED Gold Certification, the project aims to enhance the local architecture and support growth in the area driven by Amazon and Virginia Tech. Over 1,583 units are currently under construction, reflecting ongoing demand in the Washington, DC market.
JBG SMITH (NYSE: JBGS) has announced the tax treatment for its 2021 distributions on common shares. The distributions total $1.125 per share, with $0.900 classified as taxable income in 2021 and $0.225 as total capital gain distributions. Key record and payable dates include December 28, 2020, and various dates throughout 2021. JBG SMITH emphasizes the importance of consulting a tax advisor regarding the implications of these distributions on federal, state, and local taxes.
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.