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JBG Smith Properties: Q1 Earnings Snapshot

Associated Press Finance
·1 min read

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — JBG Smith Properties (JBGS) on Tuesday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $26.9 million, or 29 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 a loss of $32.3 million, or 36 cents per share.

The real estate investment trust, based in Bethesda, Maryland, posted revenue of $145.2 million in the period. Its adjusted revenue was $122.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBGS at https://www.zacks.com/ap/JBGS