Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4747 Bethesda Avenue, Suite 200 BETHESDA MD 20815-4641 |
Tel: | 1-240-3333837 |
Website: | https://www.jbgsmith.com |
IR: | See website |
Key People | ||
W. Matthew Kelly Chief Executive Officer, Trustee | M. Moina Banerjee Chief Financial Officer | George L. Xanders Chief Investment Officer |
Evan Regan-Levine Chief Strategy Officer | Kevin Reynolds Chief Development Officer | David Ritchey Chief Commercial Officer | Steven A. Museles Chief Legal Officer, Corporate Secretary |
Business Overview |
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. |
Financial Overview |
For the fiscal year ended 31 December 2023, JBG SMITH Properties revenues decreased less than 1% to $604.2M. Net loss applicable to common stockholders totaled $82M vs. income of $83.5M. Revenues reflect Multifamily segment increase of 15% to $207.8M, NAREIT FFO - Per Share - Diluted - Total increase of 2% to $1.33, also reflect Commercial segment decrease of 12% to $279.7M. |
Employees: | 844 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,786M as of Dec 31, 2023 |
Annual revenue (TTM): | $604.20M as of Dec 31, 2023 |
EBITDA (TTM): | $263.58M as of Dec 31, 2023 |
Net annual income (TTM): | -$82.03M as of Dec 31, 2023 |
Free cash flow (TTM): | -$263.93M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $2,397M as of Dec 31, 2023 |
Shares outstanding: | 91,927,506 as of Feb 16, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |