JBG SMITH reported Core FFO of $37.2 million, or $0.33 per diluted share, with Annualized NOI increasing 1.6% quarter-over-quarter to $327.5 million, as the company focused on strategic transformation and balance sheet strength.
Closed $202 million of capital recycling transactions with an average capitalization rate of 6.2%.
Executed 114,000 square feet of office leases within the commercial portfolio, with 91% in National Landing.
Preserved balance sheet strength with $1.7 billion of liquidity.
Repurchased 4.0 million shares year-to-date at a weighted average price of $14.91 per share, totaling $60.2 million.
JBG SMITH is well positioned with asset recycling and financial strength to navigate the challenging real estate market.
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