CHEVY CHASE, Md. – CHEVY CHASE, Md. (AP) _ JBG Smith Properties (JBGS) on Thursday reported a key measure of profitability in its second quarter.
The Chevy Chase, Maryland-based real estate investment trust said it had funds from operations of $53.1 million, or 45 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 net income of $20.6 million, or 17 cents per share.
The real estate investment trust, based in Chevy Chase, Maryland, posted revenue of $159.4 million in the period.
The company's shares have increased 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.84, a rise of almost 10 percent in the last 12 months.
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