CHEVY CHASE, Md. – CHEVY CHASE, Md. (AP) _ JBG Smith Properties (JBGS) on Wednesday reported a key measure of profitability in its first quarter.
The Chevy Chase, Maryland-based real estate investment trust said it had funds from operations of $52.2 million, or 44 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 $4.2 million, or 4 cents per share.
The real estate investment trust, based in Chevy Chase, Maryland, posted revenue of $163 million in the period.
The company's shares have risen 7 percent since the beginning of the year.
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on JBGS at https://www.zacks.com/ap/JBGS