BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — JBG Smith Properties (JBGS) on Tuesday reported a key measure of profitability in its first quarter.
The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $37.2 million, or 33 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 $21.2 million, or 19 cents per share.
The real estate investment trust, based in Bethesda, Maryland, posted revenue of $153 million in the period. Its adjusted revenue was $124 million.
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