CHEVY CHASE, Md. (AP) _ JBG Smith Properties (JBGS) on Monday reported a key measure of profitability in its fourth quarter.
The Chevy Chase, Maryland-based real estate investment trust said it had funds from operations of $49.4 million, or 42 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 $16.4 million, or 15 cents per share.
The real estate investment trust, based in Chevy Chase, Maryland, posted revenue of $156.4 million in the period.
The company's shares have declined nearly 1 percent since the beginning of the year.