Associated tags: National Landing, Amazon, Metro, JBG, SMITH, Carbon, Construction & Property, Commercial Building & Real Estate, Residential Building & Real Estate, NYSE, Professional Services, Other Construction & Property, Finance
Locations: CRYSTAL CITY, UNITED STATES, NORTH AMERICA, DISTRICT OF COLUMBIA, MARYLAND, MONTGOMERY COUNTY, WASHINGTON, DC, VIRGINIA
Includes impairment loss of $17.2 million related to non-depreciable real estate assets recorded during the three months ended March 31, 2024.
Key Points:
- Includes impairment loss of $17.2 million related to non-depreciable real estate assets recorded during the three months ended March 31, 2024.
- Same Store NOI ("SSNOI") at our share increased 6.5% quarter-over-quarter to $75.7 million for the three months ended March 31, 2024.
- For the three months ended March 31, 2024, revenue from third-party real estate services, including reimbursements, was $17.9 million.
- On April 25, 2024, our Board of Trustees declared a quarterly dividend of $0.175 per common share, payable on May 24, 2024 to shareholders of record as of May 10, 2024.
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share.
Key Points:
- JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share.
- The dividend will be paid on May 24, 2024 to common shareholders of record as of May 10, 2024.
Environment,
Commercial Building & Real Estate,
Construction & Property,
Urban Planning,
REIT,
Professional Services,
DEI (Diversity, Equity and Inclusion),
Environmental, Social and Governance (ESG),
Other Construction & Property,
Residential Building & Real Estate,
Sustainability,
JBG,
Senior,
ESG JBG SMITH, ( NYSE: JBGS) , a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today released its annual Sustainability Report , highlighting the accomplishments achieved across its operating portfolio in 2023.
Key Points:
- JBG SMITH, ( NYSE: JBGS) , a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today released its annual Sustainability Report , highlighting the accomplishments achieved across its operating portfolio in 2023.
Notable achievements and metrics in the report include:
Updated its climate-related risk assessment to include integrate physical, transitional, and financial dimensions
Mentored a summer intern class, 100% of which were from underrepresented groups
“The JBG SMITH team has worked with focused intention to further our commitment to ESG excellence and to reach the ambitious goals we continue to set for ourselves,” said Kimberly Pexton, Senior Vice President of Sustainability at JBG SMITH.
- “Environmental sustainability has been a core part of our business for years, and we strive to lead by example and ensure our strategic plans align with sustainability best practices at all levels.
- I am extremely proud of what our team has accomplished last year and deeply appreciative of the recognition they continue to receive for their dedicated work.”
Other Construction & Property,
Residential Building & Real Estate,
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A. J. Jackson,
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Franklin Apartments,
WHI,
Hotel JBG SMITH (NYSE: JBGS) today announced that the Impact Pool, the affordable housing investment platform it manages, has helped create and preserve more than 3,000 units of quality workforce housing across the Washington region since 2020, outpacing its goal to deliver 3,000 units by 2025 and with capital remaining to invest in additional units.
Key Points:
- JBG SMITH (NYSE: JBGS) today announced that the Impact Pool, the affordable housing investment platform it manages, has helped create and preserve more than 3,000 units of quality workforce housing across the Washington region since 2020, outpacing its goal to deliver 3,000 units by 2025 and with capital remaining to invest in additional units.
- Consequently, we plan to continue to finance workforce housing through other vehicles even after the Impact Pool’s funds have been fully deployed.”
Launched by JBG SMITH in 2019, the Impact Pool is a key component of the Washington Housing Initiative (WHI) created by JBG SMITH and the Federal City Council.
- The Impact Pool, managed by a subsidiary of JBG SMITH, leverages private capital to help combat the loss of housing for middle-income families.
- The Impact Pool previously partnered with MHP to provide financing for the 140-unit Earle Manor apartments, located in Wheaton, MD.
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report first quarter 2024 financial results after the close of trading on April 30, 2024.
Key Points:
- JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report first quarter 2024 financial results after the close of trading on April 30, 2024.
- The Company’s quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com .
Retrieved on:
Wednesday, March 27, 2024
Commercial Building & Real Estate,
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Metro JBG SMITH (NYSE: JBGS) today issued a statement on the Potomac Yard Entertainment District.
Key Points:
- JBG SMITH (NYSE: JBGS) today issued a statement on the Potomac Yard Entertainment District.
- In December, we announced plans to develop an entertainment district in Potomac Yard, anchored by the Washington Capitals, Washington Wizards and the Monumental Sports & Entertainment corporate headquarters.
- Today it was announced that discussions between Monumental, Alexandria and the Commonwealth of Virginia have been terminated.
- This was a once-in-a-generation opportunity to build a world-class arena and entertainment district at Potomac Yard and to realize the vision of that community as a dense, mixed-use neighborhood.
Retrieved on:
Tuesday, February 20, 2024
Interior Design,
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Airline Same Store NOI ("SSNOI") at our share increased 7.1% quarter-over-quarter to $80.3 million for the three months ended December 31, 2023.
Key Points:
- Same Store NOI ("SSNOI") at our share increased 7.1% quarter-over-quarter to $80.3 million for the three months ended December 31, 2023.
- SSNOI at our share increased 1.6% year-over-year to $299.9 million for the year ended December 31, 2023.
- The operating multifamily portfolio was 96.0% leased and 94.7% occupied as of December 31, 2023, compared to 96.9% and 95.6% as of September 30, 2023, at our share.
- Across our multifamily portfolio, we increased effective rents by 7.0% upon renewal for fourth quarter lease expirations while achieving a 56.0% renewal rate.
Retrieved on:
Wednesday, February 14, 2024
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend.
Key Points:
- JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend.
- The dividend will be paid on March 15, 2024 to common shareholders of record as of March 1, 2024.
- Share buybacks are a form of capital return to investors, as are dividends.
- At our current discount to NAV, we believe buybacks are more accretive to our long-term NAV per share than excess (above taxable income) dividends.
Retrieved on:
Tuesday, January 23, 2024
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report fourth quarter and year-end 2023 financial results after the close of trading on February 20, 2024.
Key Points:
- JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report fourth quarter and year-end 2023 financial results after the close of trading on February 20, 2024.
- The Company’s quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com .
Retrieved on:
Tuesday, January 16, 2024
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the tax treatment of the Company's 2023 distributions on its common shares.
Key Points:
- JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the tax treatment of the Company's 2023 distributions on its common shares.
- The income allocations as they will be reported on Form 1099-DIV are set forth in the following table.
- JBG SMITH recommends consultation with a tax advisor regarding the federal, state, and local income tax consequences of these distributions.
