JBG SMITH Properties is a publicly traded real estate investment trust focused on mixed-use properties in Metro-served submarkets of the Washington, DC metropolitan area. The company was formed in July 2017 through the spin-off of Vornado Realty Trust's Washington, DC segment and its combination with the management business and select assets of The JBG Companies. JBG SMITH trades on the New York Stock Exchange under the ticker symbol JBGS.
The company owns, operates, and develops 11.9 million square feet at share of multifamily, office, and retail assets, with 98% served by Washington Metro. JBG SMITH maintains a development pipeline of 8.9 million square feet of mixed-use opportunities, primarily multifamily. The portfolio includes 16 apartment complexes with 6,781 units, 20 commercial properties comprising 6.3 million square feet, and two ground rent properties as of December 2024. Approximately 75% of JBG SMITH's holdings are concentrated in National Landing, a submarket in Northern Virginia anchored by Amazon's HQ2, Virginia Tech's $1 billion Innovation Campus, and proximity to the Pentagon. The company operates with a placemaking philosophy, creating amenity-rich, walkable neighborhoods through strategic mixing of residential, office, and retail assets with public spaces. Since Amazon's 2018 selection of National Landing for HQ2, JBG SMITH has delivered approximately 4,200 new apartment units in the area alongside parks, retail centers, and infrastructure improvements.
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