JBGS Reports Fourth Quarter Earnings
BETHESDA, Md., Feb. 14, 2023 - JBG Smith Properties (JBGS) today announced its financial results for the fourth quarter and full year ended December 31, 2022.
Key Highlights for Q4:
* Funds from operations (FFO): $11.6 million, or $0.14 per share
* Net income: Loss of $59.9 million, or $0.72 per share
* Revenue: $130.8 million
* Adjusted revenue: $108.4 million
Full Year Results:
* FFO: $73.9 million
* Revenue: $457 million
"We are pleased with our fourth quarter performance, which demonstrates the resilience of our portfolio," said Matt Kelly, CEO of JBG Smith. "We continue to focus on delivering consistent earnings and creating long-term value for our shareholders."
JBGS is a real estate investment trust (REIT) that owns, develops, and manages a portfolio of office, multifamily, and retail properties in the Washington, D.C. metropolitan area.
For more information on JBGS's financial performance, visit the company's website at www.jbgsmith.com.