|Bid||38.11 x 800|
|Ask||38.15 x 800|
|Day's Range||38.05 - 39.13|
|52 Week Range||30.86 - 40.39|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||189.60|
|Forward Dividend & Yield||0.90 (2.31%)|
|1y Target Est||37.00|
Amazon.com Inc.'s new National Landing headquarters was a major economic development coup for Northern Virginia, and it might been regarded years from now as the catalyst that helped turn Crystal City into the tightest office market in Greater Washington. Amazon plans to lease 500,000 square feet of existing office space in Crystal City, a 10.6 million-square foot office market with a 20 percent vacancy rate, and to acquire additional land it's tapped JBG Smith to help develop to around 4.1 million square feet.
NEW YORK, Nov. 14, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
When all was said and done Tuesday, JBG Smith Properties Inc. CEO Matt Kelly didn't expect to be as relieved as he was. Sure, Amazon.com Inc.'s big HQ2 reveal capped months of behind-the-scenes negotiations and public speculation. “This one was different,” Kelly told me.
The deal to bring Amazon's second headquarters to Crystal City was finalized less than 24 hours before it was announced to the nation. As of Monday morning, Stephen Moret, president and CEO of the Virginia Economic Development Partnership, which was negotiating with the e-commerce and web services giant on behalf of the state, still didn't know whether Amazon would definitively bring part of its HQ2 project to Northern Virginia. Moret said he and other Virginia officials had been negotiating a memorandum of understanding over the past two weeks with Amazon, but "they never told us we had it." "We had the impression they were doing that in multiple places," Moret said.
Crystal City’s hotels, an assortment of chain properties catering to government contractors on weekdays and tourists on the weekends, are likely to see a shakeup from the arrival of Amazon.com Inc.'s second headquarters. The hotels closest to the new Amazon (NASDAQ: AMZN) offices in Arlington and Alexandria will begin to see an uptick in occupancy and average daily rate as the company moves in — Amazon was responsible for 330,000 room-nights in the Seattle metro area in 2017, as we reported earlier this year. Visitors spend about 2 million room-nights a year in the Crystal City area's 17 hotels, according to the Crystal City Business Improvement District. Arlington County and Amazon are banking on it going up — way up.
Amazon.com Inc. (NASDAQ: AMZN) is coming to town. Following a 14-month North America-wide competition, the e-commerce and web services giant has selected parts of Arlington and Alexandria for one half of its second headquarters. Long Island City in Queens is getting the other half.
Amazon.com Inc. (NYSE: AMZN) plans to lease space in three Crystal City office buildings to form the leading edge of its planned headquarters, with more ambitious plans to anchor future buildings nearby to be developed for it by JBG Smith Properties (NYSE: JBGS). JBG Smith revealed detailed plans Tuesday morning for its portion of the Amazon's HQ2 footprint, with the other half to be built in Long Island City, Queens. Amazon will lease about 500,000 square feet at 241 18th St. S, 1800 S. Bell St. and 1770 Crystal Drive, JBG Smith announced, and Amazon has also agreed to buy development sites that were to be part of the developer's PenPlace and Metropolitan Park projects — offering additional density of up to 4.1 million square feet.
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, is pleased to announce that Amazon has selected JBG SMITH as its partner to house and develop a new headquarters location at National Landing in Arlington, Virginia. JBG SMITH reached an agreement for exclusivity and negotiations that will give Amazon exclusive rights to lease space in several JBG SMITH buildings and to purchase land owned by JBG SMITH in Northern Virginia’s National Landing, where one of the new Amazon headquarters will be located.
Amazon.com Inc. will announce Arlington County’s Crystal City and Long Island City in Queens, New York, as locations for its second headquarters, according to a source familiar with the matter. Other cities may also receive major sites from the Seattle-based e-commerce and cloud computing company, according to a Wall Street Journal report published Monday evening. Amazon declined to comment to The Wall Street Journal and the company has yet to make an announcement on its website.
All eyes are on Crystal City this week. Whether you’re excited about the prospect of the Arlington neighborhood landing at least a portion of Amazon.com Inc.’s second headquarters, or dreading the possibility, right now every move made by Amazon or dominant Crystal City landowner JBG Smith Properties (NYSE: JBGS) is on your radar. JBG Smith, since its creation in July 2017 from the spin-merge of The JBG Cos. and Vornado Realty Trust’s D.C.-area holdings, has made Crystal City a top priority.
Federal Capital Partners has raised $755 million in a new fund, bolstered by a substantially greater level of interest from prospective investors than it expected to pull in nearly a year ago. The Chevy Chase-based commercial real estate firm began stocking up FCP Realty Fund IV in December with a goal of $700 million, but a variety of factors helped it to surpass that goal, including its track record with prior funds, said FCP Managing Partner Esco Korhonen. FCP disclosed the $755 million raise in a Form D filed Nov. 8 with the Securities and Exchange Commission.
JBG Smith Properties (JBGS) delivered FFO and revenue surprises of -10.42% and 15.88%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Chevy Chase, Maryland-based real estate investment trust said it had funds from operations of $51.3 million, or 43 cents per share, in the period. Funds from operations is a closely watched measure ...
JBG SMITH , a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today filed its Form 10-Q for the quarter ended September 30, 2018 and reported its financial results.
When JBG Smith Properties went public in July last year, the real-estate company was burdened with a collection of aging office buildings in Northern Virginia that even the federal government rejected. JBG has been in negotiations with Amazon.com Inc., which has expressed interest in putting thousands of employees in these Crystal City office buildings, according to people familiar with the matter. The online retail giant is in advanced talks with Crystal City officials to award a slot as one of Amazon’s new headquarters, these people said.
Real estate investment trust JBG Smith has seen a rally off the reports that Amazon is closing in on naming Northern Virginia's Crystal City as the winning location of its second headquarters.
In a new twist, Amazon.com Inc. ( AMZN) has decided two is better than one. Multiple news reports say the tech giant is nearing deals to move to the Long Island City neighborhood of New York City and Crystal City in Virginia. It plans to have 25,000 employees based in each city, according to sources. The rationale behind this decision, according to a source speaking with the The Wall Street Journal, is that two cities improve the online retailer's access to the best tech talent.
You can't read a story about Amazon these days without a mention of Crystal City. Here's what the neighborhood with the funny name is all about.
The Chevy Chase-based real estate investment trust has a market cap of about $4.76 billion, up from $4.17 billion on its first day of trading 16 months ago.
Amazon is in late-stage talks with multiple locations, including Dallas, for its second headquarters, the Wall Street Journal reported.
Amazon.com Inc. ( AMZN) is close to deciding where to base its highly sought-after second headquarters. The Wall Street Journal reported that the online retailer is now in late-stage talks with candidates, having narrowed down its shortlist of 20 finalists to Crystal City, Dallas and New York City. Sources provided few details on the nature of talks in New York.
Talks with the leading contenders are likely in different phases, while discussions with some of the others on Amazon's shortlist have cooled, the newspaper reported, citing people familiar with the matter. Seattle-based Amazon is in talks with JBG Smith Properties (JBGS.N) about the real estate it owns in Crystal City, while negotiating with Virginia officials on incentives, the report said.
JBG SMITH , a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.225 per common share, an indicated annual dividend of $0.90 per common share.