JBG SMITH Properties

jbgsmith.com

JBG SMITH Properties (NYSE: JBGS) is a real estate investment trust that owns, operates, and develops mixed-use properties concentrated in the Washington, D.C. region. The company generates revenue primarily through base rent collected from office and multifamily tenants, with annualized rent measured as in-place monthly base rent before free rent as of December 31, 2025. JBG SMITH structures its portfolio around urban, transit-oriented assets and maintains a development pipeline measured by estimated potential development density based on business plans as of December 31, 2025. The company operates as a REIT, distributing taxable income to shareholders, and carries debt including a $120.0 million term loan maturing in June 2028, identified in its 10-K filed February 17, 2026. Amazon is explicitly referenced as a tenant or market participant in the filing, reflecting the company's exposure to large commercial tenants in the greater Washington, D.C. area. FFO (funds from operations), computed under the Nareit 2018 Restatement definition, is the primary non-GAAP performance metric disclosed.