JBG Smith Properties: Q3 Earnings Snapshot

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

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $41.2 million, or 36 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...

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

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $41.2 million, or 36 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 $19.3 million, or 17 cents per share.

The real estate investment trust posted revenue of $147.6 million in the period. Its adjusted revenue was $119.8 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

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