BETHESDA, Md. (AP) 鈥� BETHESDA, Md. (AP) 鈥� JBG Smith Properties (JBGS) on Monday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $10.4 million, or 18 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 $59.2 million, or $1.03 per share.
The real estate investment trust, based in Bethesda, Maryland, posted revenue of $129.4 million in the period. Its adjusted revenue was $106.6 million.
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