JBG Smith Properties: 3Q Earnings Snapshot
CHEVY CHASE, Md. (AP) _ JBG Smith Properties (JBGS) on Tuesday 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 $58.7 million, or 44 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 $9.4 million, or 6 cents per share.
The real estate investment trust, based in Chevy Chase, Maryland, posted revenue of $167.1 million in the period.
The company’s shares have risen 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.86, a climb of 2% in the last 12 months.