|Bid||30.00 x 800|
|Ask||199,999.98 x 800|
|Day's Range||40.33 - 40.69|
|52 Week Range||31.68 - 41.72|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||130.55|
|Earnings Date||Mar 11, 2019 - Mar 15, 2019|
|Forward Dividend & Yield||0.90 (2.22%)|
|1y Target Est||40.00|
Amazon.com Inc., JBG Smith Properties Inc. and union representatives in the D.C. region have met a few times in the last six weeks to discuss benefits and wages for the workers who will build HQ2 in Pentagon City. At this point, wages for those who will build Amazon’s millions of square feet at Metropolitan Park and PenPlace have not been set. Representatives for Amazon and JBG Smith declined to comment on this story, but they have been sending high-level envoys to the discussion.
Amazon.com Inc. has secured what it sought from Virginia and Arlington County when the tech titan picked Northern Virginia its HQ2 hunt. The state passed its incentive deal last month, and after a contentious county board meeting, Arlington approved its package Saturday night. HQ2 staffing will start with 400 employees this year and another 1,100 in 2020.
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, is pleased to share the news that all government incentives and investment packages negotiated in conjunction with Amazon’s decision to locate its second headquarters within JBG SMITH’s National Landing assets in Northern Virginia have been approved.
JBG SMITH Properties is a US$5.7b mid-cap, real estate investment trust (REIT) based in Chevy Chase, United States. REIT shares give you ownership of the company than owns and managesRead More...
After a daylong meeting where Amazon.com Inc. officials fled midtestimony and police carried away one man, the Arlington County Board unanimously voted to approve a $23 million incentive package to bring the tech behemoth's second headquarters to Northern Virginia. As the board voted around 7 p.m. Saturday after more than six hours of testimony and deliberation, members of a group known as For Us, Not Amazon jeered and shouted “shame, shame, shame.” In their closing remarks, the five board members said they understood demonstrators' concerns but they believe Amazon will create more benefit than detriment to Arlington and Greater Washington as a whole. "In a perfect world, we would not offer incentives to the wealthiest company in the world, but there are more than 200 communities and cities that would," said Matt de Ferranti, before voting yes to the incentive package.
The timing of this policy review, right after someone asked to see an Amazon-related building document, “appears to be coincidental,” county official said.
JBG Smith Properties (NYSE: JBGS) is advancing plans to host Amazon.com Inc.'s second headquarters as the Arlington County Board prepares to vote this weekend on a $23 million incentives package aimed at supporting HQ2's growth. The Chevy Chase-based developer submitted plans March 7 to make common area improvements throughout the 12-story, 221,000-square-foot 1800 S. Bell St., to be leased in full by Amazon (NASDAQ: AMZN). JBG Smith has retained Hickok Cole Architects and Hitt Contracting to design and build out the interior alterations.
Real estate investment trust JBG Smith Properties Inc. (NYSE: JBGS) is heading to court to try to collect on a $263,477.21 judgment against one of its tenants, private investigation startup Trustify. The Chevy Chase developer won an "unlawful detainer" judgment against the company Jan. 31, allowing it to evict Trustify from its main office at 200 12th St. South in Crystal City, according to Arlington General District Court records. On Feb. 11, JBG Smith filed a case to garnish Trustify's assets from two banks.
Donald A. Brown, who co-founded The JBG Cos., the precursor to JBG Smith Properties, died in Florida on Wednesday. Brown, along with JBG co-founders Joseph Gildenhorn and Benjamin Jacobs, watched their early partnership evolve from a real estate-focused law firm into one of the region's most successful commercial development companies. Brown served as principal of JBG from 1960 to 1996.
Pebblebrook Hotel Trust, fresh off the acquisition of a fellow Bethesda-based hospitality REIT, is moving its headquarters across Wisconsin Avenue. JBG Smith Properties (NYSE: JBGS) announced Tuesday that Pebblebrook (NYSE: PEB) will relocate to 16,000 square feet at the Chevy Chase developer’s 4747 Bethesda Ave., a 15-story trophy office building in downtown Bethesda that’s expected to be completed this year. Pebblebrook, which closed its $5.2 billion acquisition of LaSalle Hotel Properties in November, is currently headquartered at 7315 Wisconsin Ave. — about two-tenths of a mile from its new digs.
JBG SMITH Properties (JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, is pleased to announce that Pebblebrook Hotel Trust (PEB) will relocate its headquarters to 4747 Bethesda Avenue in downtown Bethesda, Maryland. “Pebblebrook Hotel Trust is another best-in-class addition to the roster of tenants at 4747 Bethesda Avenue,” said David Ritchey, Executive Vice President at JBG SMITH.
Amazon.com Inc. (NASDAQ: AMZN) is expected to occupy about 6 million square feet by the summer of 2035 in Arlington, according to the incentive agreement between the county and company released to the public Tuesday. The county's first payment would come in August 2020, provided Amazon secures at least 64,000 square feet of office space by July 2020. Amazon would need to more than double its square footage in 2021 to 252,800, according to the agreement.
A hotel might be in the works for Reagan National Airport, according to Jack Potter, CEO of the Metropolitan Washington Airports Authority. Potter slipped in the news while being questioned by D.C. Council Chairman Phil Mendelson during a oversight hearing Monday. Exactly where on airport property is unclear, but some type of development could meet folks walking from the $36 million pedestrian bridge promised to Amazon.com Inc. (NASDAQ: AMZN) as part of its incentive deal with Virginia, Potter said.
Amazon officials discuss what went into the HQ2 search, even as protesters object during a Bisnow event.
JBG Smith Properties CEO Matt Kelly brought in more than $11.3 million in total compensation last year, including a special bonus valued at $6.6 million for helping to land Amazon.com Inc.'s second headquarters. Factoring all that in, Kelly's total compensation in 2018 was 121 times the median employee income for JBG, which was $93,450.
JBG Smith Properties has appointed Kai Reynolds its sole chief development officer as the Chevy Chase company prepares to make a second headquarters for Amazon.com Inc. in Arlington County. Reynolds, who previously shared the title of co-chief development officer with Brian Coulter, has been one of the key architects of its revitalization plans for Crystal City.
Beware, all who are investing in JBG Smith Properties. While there aren't any signs Amazon.com Inc. plans to walk away from National Landing after abandoning Long Island City, the company's future landlord and development partner warned Tuesday that HQ2 is still just an agreement in principle, not a done deal. In its annual report released Tuesday, JBG Smith (NYSE: JBGS) said Amazon isn't legally obligated to lease a single square foot of office space or buy an acre from it in Crystal City or Pentagon City.
JBG Smith Properties (NYSE: JBGS) has begun design and pre-development on the first installment of Amazon.com Inc.'s new headquarters buildings in Arlington County, with the aim of starting construction on HQ2's initial 2 million square feet of office space “within the next year.” In his annual letter to shareholders, JBG Smith CEO Matt Kelly said that first phase will be at Metropolitan Park in Pentagon City, where the company still needs approval to build office instead of residential. JBG Smith, which did not disclose whether it has engaged an architect, also said it is “working diligently on finalizing the entitlements for the remaining 2.1 million square feet," which is slated for PenPlace in Pentagon City.
The property owner handed out about 868,000 special stock units to an unspecified number of managers and other employees last year, worth about $35 million as of Tuesday’s close. The units are tied to Amazon entering into definitive leases or commitments to buy property from the firm within four years, according to a regulatory filing. About a quarter of the stock units, worth $9.8 million as of Tuesday’s close, were awarded to JBG Smith Chief Executive Officer Matthew Kelly.
JBG SMITH , a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today filed its Form 10-K for the year ended December 31, 2018 and reported its financial results.
Arlington County could see the number of major development plans triple with the arrival of Amazon.com Inc.'s second headquarters. At least, that’s what County Manager Mark Schwartz wants to be ready for. “On a typical year, the county works through six site plans,” Schwartz said during an Arlington board budget meeting Thursday.
Amazon.com Inc.'s second home in the D.C. region will be a neighborhood — not a campus — of largely locally hired employees who eat at local restaurants and maybe bring their dogs to work, according to Holly Sullivan, who was among the leaders of the e-commerce giant's HQ2 search. “It’s important to say this is not a relocation of our corporate employees from Seattle,” Sullivan told the Thursday crowd at George Mason University’s Arlington Campus.
Synetic Theater can coexist with its new neighbor, Amazon, for at least three more years. The theater company and JBG Smith Properties, its landlord at 1800 S. Bell St., have extended Synetic’s lease through 2022, according to a JBG Smith announcement. Synetic’s former lease was set to expire in August, and it wasn’t clear the theater group would be able to stay, given that 1800 S. Bell is one of the first buildings expected to be retrofitted for Amazon’s new second headquarters in the neighborhood. In December, theater Managing Director Linda Holder said it had been given notice that it would not be able to stay past August. But it's possible Synetic’s tenure in Crystal City could be extended even further than 2022. According to the JBG statement, the company “has been actively working alongside Amazon to secure a long-term home for the respected cultural organization in National Landing.” (National Landing is the new name JBG is using to market the neighborhoods of Pentagon City, Crystal City and Potomac Yard.) “We are excited for Synetic Theater’s role in the future of National Landing,” Paata Tsikurishvili, founding artistic director of Synetic Theater, said in a statement. “As we continue to captivate audiences from our long-time home at 1800 South Bell St., our hope is to be a source of enjoyment to both current residents and those who will be joining National Landing.” Synetic has been located in Crystal City since 2010, when it moved from Rosslyn to 1800 S. Bell.
The new locations will be the third and fourth for Convene in Greater Washington, following its 15,000 square feet at 1800 Tysons Blvd. and its 35,000 square feet at 1201 Wilson Blvd. in Rosslyn, in JBG Smith Properties’ (NYSE: JBGS) Central Place development. The D.C. spaces will also be the largest, as Convene is taking 72,370 square feet at Beacon Capital Partners’ Terrell Place on Seventh Street and nearly 80,000 square feet at CommonWealth Partners’ Hamilton Square on 14th Street. Convene’s Greater Washington footprint now tops 200,000 square feet.