JBG SMITH Q3: same-store NOI up 11.5%, completes $1B capital recycling, 14.2M shares repurchased

JBG SMITH Properties

2022-Q3 EPS reported $0.86 revenue$455,084,000

Same-store NOI increased 11.5% YoY; multifamily occupancy 93.7% (up 140bps QoQ), rents up 6.7% on renewal.
Executed 207K SF of office leases Q3; over 50% new leases in National Landing (defense/tech tenants).
Completed $1B capital recycling YTD; acquired partners' interests in three multifamily assets for $180M at 4.5-5% cap rate.
Repurchased 14.2M shares YTD at weighted average $25.49 per share; $1.9B liquidity with 89% fixed/hedged debt.
1,583 multifamily units under construction with first deliveries expected in 2024; strong balance sheet supports growth.

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Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JBG SMITH Properties reported financial results for the three months ended September 30, 2022.

Period: the three months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 1, 2022, JBG SMITH Properties (the “Company”) announced its financial results for the three and nine months ended September 30, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JBG SMITH Properties reported financial results for the nine months ended September 30, 2022.

Period: the nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 1, 2022, JBG SMITH Properties (the “Company”) announced its financial results for the three and nine months ended September 30, 2022.

View on SEC.gov

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Source: SEC EDGAR

accession 0001558370-22-015804

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