JBG SMITH Properties

JBG SMITH is a Maryland real estate investment trust that owns, operates, and develops mixed-use properties. The company's properties are concentrated in amenity-rich, Metro-served submarkets in and around Washington, D.C., with a notable focus on National Landing. JBG SMITH also operates a third-party real estate services business, which provides fee-based real estate services. As of December 31, 2025, JBG SMITH controlled JBG SMITH LP as its sole general partner and owned 82.0% of its OP Units. As of December 31, 2025, JBG SMITH's Operating Portfolio included 39 operating assets. This portfolio comprised 15 multifamily assets totaling 6,519 units (6,333 units at JBG SMITH's share), 22 commercial assets totaling 7.3 million square feet (6.9 million square feet at JBG SMITH's share), and two wholly owned land assets where JBG SMITH is the ground lessor. Additionally, the company's development pipeline totaled 4.9 million square feet (3.6 million square feet at JBG SMITH's share) of estimated potential development density. This development pipeline excludes unentitled land parcels and land parcels controlled through an option agreement. JBG SMITH's strategy focuses on properties in and around Washington, D.C., particularly National Landing, that appeal to residential, office, and/or retail tenants.