CHEVY CHASE, Md. (AP) _ JBG Smith Properties (JBGS) on Monday reported a key measure of profitability in its third quarter.
The Chevy Chase, Maryland-based real estate investment trust said it had funds from operations of $54.8 million, or 48 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 $69.8 million, or 61 cents per share.
The real estate investment trust, based in Chevy Chase, Maryland, posted revenue of $152.4 million in the period.