JBG Smith Properties: Q2 Earnings Snapshot
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.