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BETHESDA, Md. (AP) _ JBG Smith Properties (JBGS) on Tuesday reported a key measure of profitability in its third quarter.
The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $42.5 million, or 32 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 $893,000, or less than 1 cent on a per-share basis.
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The real estate investment trust posted revenue of $157 million in the period. Its adjusted revenue was $125.9 million.
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
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