CHEVY CHASE, Md. (AP) _ JBG Smith Properties (JBGS) on Tuesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Chevy Chase, Maryland, said it had funds from operations of $54.5 million, or 41 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 a loss of $3 million, or 3 cents per share.
The real estate investment trust, based in Chevy Chase, Maryland, posted revenue of $160.6 million in the period.
The company's shares have climbed almost 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $37.85, an increase of slightly more than 1% in the last 12 months.