JBG Smith Properties: Q2 Earnings Snapshot

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

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $16.1 million, or 18 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 $24.4 million, or 27 cents per share.

The real estate investment trust, based in Bethesda, Maryland, posted revenue of $135.3 million in the period. Its adjusted revenue was $112.5 million.

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