JBG SMITH Properties: directors' dealings · United States · SEC (Form 4)

About JBG SMITH Properties

JBG SMITH Properties (NYSE: JBGS) is a U.S.-listed real estate investment trust organized under Maryland law, with its headquarters in Bethesda, Maryland, United States. The company owns, operates, develops, and repositions mixed-use real estate, with a portfolio concentrated in amenity-rich, Metro-served submarkets in and around Washington, D.C. Its defining geographic focus is National Landing in Northern Virginia, where it has built a long-standing strategic platform around urban placemaking, transit access, and large-scale mixed-use redevelopment. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1689796/000155837025001099/jbgs-20241231x10k.htm?utm_source=openai)) JBG SMITH’s business model is centered on three core property types: multifamily residential assets, office properties, and retail / street-level commercial space embedded in mixed-use districts. The company also owns land and controls a meaningful development pipeline, allowing it to create value through ground-up development, redevelopment, and neighborhood transformation. At year-end 2024, its operating portfolio included multifamily and commercial assets as well as land positions, with a sizeable pipeline of potential development density. This makes JBGS a specialist urban REIT rather than a broad national landlord, with the company’s value proposition tied to creating highly amenitized, walkable places that support higher-quality tenant demand and long-term rental growth. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1689796/000155837025001099/jbgs-20241231x10k.htm?utm_source=openai)) The company’s competitive position is closely linked to its concentration in National Landing, one of the Washington, D.C. region’s most strategically important submarkets. That area benefits from demand drivers such as Amazon’s headquarters presence, Virginia Tech’s Innovation Campus, and proximity to the Pentagon, alongside ongoing public-realm and infrastructure improvements. JBG SMITH emphasizes that a very high share of its holdings are Metro-served, which supports both residential leasing and office tenant appeal. For investors, this creates a differentiated profile: less geographic diversification than a large diversified REIT, but deeper expertise and stronger embedded optionality in a premium, transit-oriented urban cluster. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001689796/000155837024010380/jbgs-20240730xex99d1.htm?utm_source=openai)) Recent developments show a company still actively reshaping its platform. In 2024, JBG SMITH delivered The Grace and Reva, adding 808 multifamily units and about 38,000 square feet of retail space, while continuing work on additional residential and office placemaking initiatives in National Landing. The company also advanced its impact investing platform and third-party real estate services activities. Operating results highlighted resilient multifamily performance, but office occupancy remained under pressure, underscoring the mixed post-pandemic backdrop for urban office owners. Overall, JBGS is best viewed as a Washington-area mixed-use redevelopment story listed on the NYSE in the United States, with earnings shaped by residential leasing, office absorption, and the pace of development execution. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1689796/000155837025001099/jbgs-20241231x10k.htm?utm_source=openai))