JBG SMITH saw signs of strength as the market reopened, particularly in National Landing. The company accelerated capital recycling initiatives, advancing portfolio transformation to majority multifamily. Amazon and tech-driven demand continues to grow, along with a resurgence of defense-related activity.
Amazon HQ2 surpassed hiring targets for the 3rd straight year.
Virginia Tech’s $1 billion Innovation Campus launched an artificial intelligence and machine learning partnership with Amazon.
Two mission-critical placemaking amenities broke ground in National Landing.
$845 million of capital recycling transactions closed year-to-date representing an average capitalization rate of 5.1%.
JBG SMITH's physical and digital transformation of National Landing is well underway, delivering an amenity-rich, connected environment. Amazon, Virginia Tech, and The Pentagon are expected to drive demand. The company plans to continue maximizing opportunities and has the financial strength and capabilities to do so.
Analyze how earnings announcements historically affect stock price performance