JBG SMITH Properties

NYSE:JBGSUnited States

Apr 30, 2024

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• -- Earnings Flash (JBGS) JBG SMITH Reports Q1 Revenue $145.2M, from 4:21PM ET on Tuesday Apr 30, 2024 by MT Newswires

  4:21PM ET on Tuesday Apr 30, 2024 by MT Newswires
  Companies Mentioned: JBGS
  04:21 PM EDT, 04/30/2024 (MT Newswires) -- ...

• JBG SMITH Announces First Quarter 2024 Results, from 4:15PM ET on Tuesday Apr 30, 2024 by Business Wire

  4:15PM ET on Tuesday Apr 30, 2024 by Business Wire
  Companies Mentioned: JBGS

  JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today filed its Form 10-Q for the quarter ended March 31, 2024 and reported its financial results.

• *DJ JBG SMITH Properties 1Q Core Funds From Operations 29c Per Share >JBGS, from 4:15PM ET on Tuesday Apr 30, 2024 by Dow Jones

  4:15PM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: JBGS
  shareholders $ (32,276) $ 21,171 Add: Depreciation and amortization expense 56,855 53,431 General and administrative expense: Corporate and other 14,973 16,123 Third-party real estate services 22,327 23,823 Share-based compensation related to Formation Transaction and special equity awards -- 351 Transaction and other costs 1,514 2,472 Interest expense 30,160 26,842 Impairment loss 17,211 -- Income tax benefit (1,468) (16) Net income (loss) attributable to redeemable noncontrolling interests (4,534) 3,363 Net loss attributable to noncontrolling interests (5,380) (224) Less: Third-party real estate services, including reimbursements revenue 17,868 22,784 Other revenue 11,263 1,726 Income from unconsolidated real estate ventures, net 975 433 Interest and other income, net 2,100 4,077 Gain on the sale of real estate, net 197 40,700 Consolidated NOI 66,979 77,616 ----------- -------- NOI attributable to unconsolidated real estate ventures at our share 3,046 4,429 Non-cash rent adjustments (1) (1,430) (8,377) Other adjustments (2) 5,240 6,845 ----------- -------- Total adjustments 6,856 2,897 ----------------------------- ----------- --- -------- NOI $ 73,835 $ 80,513 ----------------------------- ----------- --- -------- Less: out-of-service NOI loss (3) (3,032) (710) ----------------------------- ----------- --- -------- Operating Portfolio NOI $ 76,867 $ 81,223 ----------------------------- ----------- --- -------- Non-Same Store NOI (4) 1,130 10,109 ----------------------------- ----------- --- -------- Same Store NOI (5) $ 75,737 $ 71,114 ----------------------------- ----------- --- -------- Change in Same Store NOI 6.5 % Number of properties in Same Store pool 41
  

• JBG SMITH Announces First Quarter 2024 Results, from 4:15PM ET on Tuesday Apr 30, 2024 by Dow Jones

  4:15PM ET on Tuesday Apr 30, 2024 by Dow Jones
  Companies Mentioned: JBGS
  shareholders $ (32,276) $ 21,171 Add: Depreciation and amortization expense 56,855 53,431 General and administrative expense: Corporate and other 14,973 16,123 Third-party real estate services 22,327 23,823 Share-based compensation related to Formation Transaction and special equity awards -- 351 Transaction and other costs 1,514 2,472 Interest expense 30,160 26,842 Impairment loss 17,211 -- Income tax benefit (1,468) (16) Net income (loss) attributable to redeemable noncontrolling interests (4,534) 3,363 Net loss attributable to noncontrolling interests (5,380) (224) Less: Third-party real estate services, including reimbursements revenue 17,868 22,784 Other revenue 11,263 1,726 Income from unconsolidated real estate ventures, net 975 433 Interest and other income, net 2,100 4,077 Gain on the sale of real estate, net 197 40,700 Consolidated NOI 66,979 77,616 ----------- -------- NOI attributable to unconsolidated real estate ventures at our share 3,046 4,429 Non-cash rent adjustments (1) (1,430) (8,377) Other adjustments (2) 5,240 6,845 ----------- -------- Total adjustments 6,856 2,897 ----------------------------- ----------- --- -------- NOI $ 73,835 $ 80,513 ----------------------------- ----------- --- -------- Less: out-of-service NOI loss (3) (3,032) (710) ----------------------------- ----------- --- -------- Operating Portfolio NOI $ 76,867 $ 81,223 ----------------------------- ----------- --- -------- Non-Same Store NOI (4) 1,130 10,109 ----------------------------- ----------- --- -------- Same Store NOI (5) $ 75,737 $ 71,114 ----------------------------- ----------- --- -------- Change in Same Store NOI 6.5 % Number of properties in Same Store pool 41