JBG SMITH Properties (NYSE: JBGS)

JBG SMITH Properties is a Maryland real estate investment trust that owns operates and develops mixed use properties in the Washington D C metropolitan area with a focus on amenity rich Metro served submarkets such as National Landing and provides third party real estate services to external clients.

The company generates revenue primarily from rental income generated by its multifamily and commercial properties and from fee based third party real estate services such as property management asset management leasing development construction management and other service revenue.

The company operates through the following segments multifamily commercial and third party real estate services.

• The multifamily segment owns operates and develops residential apartment buildings including operating assets under construction and future development projects generating lease income from tenants and benefiting from rent growth and lease up activities.

• The commercial segment owns operates and develops office and retail properties including ground lessor land assets focusing on leasing occupancy and repositioning of buildings to meet tenant demand.

• The third party real estate services segment provides fee based property management asset management leasing development construction management and other services to external clients such as legacy funds formerly organized by The JBG Companies.

JBG SMITH Properties competes with many property owners and developers in the Washington D C region and maintains a competitive advantage through its concentrated presence in National Landing its placemaking strategy and its proximity to major demand drivers such as Amazon headquarters Virginia Tech Innovation Campus and the Pentagon which support steady demand for its mixed use assets.

The company serves residential tenants office tenants retail tenants and third party clients including Amazon headquarters Virginia Tech Innovation Campus the Pentagon and legacy funds that were formerly organized by The JBG Companies.