JBG SMITH Properties (N:JBGS)

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
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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

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