JBG Smith Properties: 3Q Earnings Snapshot

CHEVY CHASE, Md. (AP) _ JBG Smith Properties (JBGS) on Wednesday reported a key measure of profitability in its third quarter.

The Chevy Chase, Maryland-based real estate investment trust said it had funds from operations of $51.3 million, or 43 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $22.8 million, or 19 cents per share.

The real estate investment trust, based in Chevy Chase, Maryland, posted revenue of $158.4 million in the period.

The company’s shares have climbed 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.45, a climb of 22 percent in the last 12 months.

_____

This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on JBGS at https://www.zacks.com/ap/JBGS

Related Posts

Add Comment