secwatch.observer — SEC 8-K summary
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Issuer:     JBG SMITH Properties (JBGS)
CIK:        0001689796
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001558370-22-015804
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1689796/000155837022015804/0001558370-22-015804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1689796/000155837022015804/jbgs-20221101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015804

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