JBG Smith Properties: Q2 Earnings Snapshot

August 2, 2022 GMT

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

The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $37.1 million, or 31 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 $123.3 million, or $1.02 per share.

The real estate investment trust posted revenue of $145.5 million in the period. Its adjusted revenue was $117 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