JBG SMITH Properties

JBGS

US46590V1008

Commercial REITs

Market Closed - Nyse Other stock markets 01:30:02 18/05/2024 am IST			5-day change	1st Jan Change
14.8 ^USD	-0.80%		+1.09%	-12.99%

30/04	Earnings Flash (JBGS) JBG SMITH Reports Q1 Revenue $145.2M	MT
30/04	JBG SMITH Properties Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

JBG SMITH Properties Reports Earnings Results for the First Quarter Ended March 31, 2024

April 01, 2024 at 01:48 am IST

JBG SMITH Properties reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 122.64 million compared to USD 124.03 million a year ago. Revenue was USD 145.18 million compared to USD 152.96 million a year ago.

Net loss was USD 32.28 million compared to net income of USD 21.17 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to basic earnings per share from continuing operations of USD 0.19 a year ago.

Latest news about JBG SMITH Properties

Earnings Flash (JBGS) JBG SMITH Reports Q1 Revenue $145.2M	01/05	MT
JBG SMITH Properties Reports Earnings Results for the First Quarter Ended March 31, 2024	01/05	CI
Tranche Update on JBG SMITH Properties's Equity Buyback Plan announced on March 12, 2020.	01/05	CI
JBG SMITH Declares Quarterly Dividend, Payable on May 24, 2024	26/04	CI
Jbg Smith Properties Insider Sold Shares Worth $287,317, According to a Recent SEC Filing	05/03	MT
Jbg Smith Properties Insider Bought Shares Worth $506,100, According to a Recent SEC Filing	05/03	MT
Evercore ISI Adjusts Price Target on JBG SMITH Properties to $16 From $15, Keeps Underperform Rating	23/02	MT
JBG SMITH Properties' Q4 Core FFO Increases, Revenue Declines	21/02	MT
Earnings Flash (JBGS) JBG SMITH Posts Q4 Revenue $147.6M	21/02	MT
Tranche Update on JBG SMITH Properties's Equity Buyback Plan announced on March 12, 2020.	21/02	CI
JBG SMITH Properties Reports Earnings Results for the Full Year Ended December 31, 2023	21/02	CI
JBG SMITH Properties Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	21/02	CI
JBG Smith Lowers Quarterly Dividend to $0.175 per Share from $0.225, Payable March 15 to Investors of Record on March 1	15/02	MT
JBG SMITH Declares Quarterly Common Dividend, Payable on March 15, 2024	15/02	CI
Jbg Smith Properties Insider Sold Shares Worth $260,320, According to a Recent SEC Filing	16/12	MT
JBG SMITH Properties Enters Partnership to Build Entertainment District in Virginia	14/12	MT
JBG SMITH to Partner With Monumental Sports & Entertainment, Commonwealth of Virginia, and City of Alexandria on New Arena, Headquarters, and Entertainment District in Potomac Yard Section of National Landing	13/12	CI
Penzance Management, LLC acquired 255,000 square feet Rosslyn Gateway from JBG SMITH Properties and others for $52 million.	21/11	CI
Earnings Flash (JBGS) JBG SMITH Posts Q3 Revenue $151.6M	08/11	MT
Tranche Update on JBG SMITH Properties's Equity Buyback Plan announced on March 12, 2020.	08/11	CI
JBG SMITH Properties Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	08/11	CI
JBG SMITH Properties Declares Quarterly Common Dividend, Payable on December 1, 2023	01/23/01	CI
Evercore ISI Trims JBG SMITH Properties' Price Target to $14 From $15, Underperform Rating Kept	09/23/09	MT
Arlington Partnership for Affordable Housing acquired 170 apartments at the Falkland Chase apartment community in Silver Spring, MD from JBG SMITH Properties for $95 million.	27/23/27	CI
Kimco Realty Corporation acquired Stonebridge at Potomac Town Center in Woodbridge for approximately $170 million.	24/23/24	CI

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Company Profile

JBG SMITH Properties is a real estate investment trust. The Company owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, notably National Landing. The Company operates through three segments: commercial, multifamily, and third-party asset management and real estate services. Its portfolio comprises about 14.2 million square feet of office, multifamily, and retail assets at share, 99% of which are metro-served. It also maintains a development pipeline encompassing about 8.8 million square feet of mixed-use, primarily multifamily, development opportunities. Its operating portfolio consists of about 44 operating assets comprising 16 multifamily assets totaling 6,318 units, 26 commercial assets totaling 8.3 million square feet and two wholly owned land assets for which it is the ground lessor. Additionally, the Company has two under-construction multifamily assets with 1,583 units.

Sector

Commercial REITs

Calendar

30/07/2024 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for JBG SMITH Properties

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

14.8 USD

Average target price

16.5 USD

Spread / Average Target

+11.49%

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