U.S. markets open in 4 hours 52 minutes

JBG Smith Properties: 1Q Earnings Snapshot

BETHESDA, Md. (AP) _ JBG Smith Properties (JBGS) on Tuesday reported a key measure of profitability in its first quarter.

The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $52.1 million, or 39 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $42.9 million, or 32 cents per share.

The real estate investment trust, based in Bethesda, Maryland, posted revenue of $158.1 million in the period.

The company's shares have decreased 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.59, a decrease of 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBGS at https://www.zacks.com/ap/JBGS