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U.S. equity markets posted a second-straight week of declines after the U.S. Federal Reserve indicated that it remains in "no rush" to ease its "modestly restrictive" policy stance. Raising questions on whether the Fed can continue to claim itself "data dependent," Fed Chair Powell dismissed recent economic data while doubling-down on forecasts of "meaningful" tariff-driven inflation. Benchmark interest rates ticked lower this week as traders digested the Federal Reserve's rate decision alongside a generally downbeat slate of economic data and heightened geopolitical uncertainty.
BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of high-quality, mixed-use properties in the Washington, DC market, has acquired Tysons Dulles Plaza, a 15-acre office campus in the heart of Tysons, Virginia. The three-building campus encompasses approximately 500,000 square feet of offices and 1,553 parking spaces. Tysons Dulles Plaza is walkable to the Silver Line's Spring Hill Metro station and immediately adjacent to Route 267, the Dulles Toll.
JBG Smith's fundamentals are deteriorating: declining revenues, negative FFO growth, high debt, and unsafe dividend make the outlook bleak. The company's transition from office to multifamily assets is visionary, but current execution is weighed down by weak financials. Dividend yield appears attractive enough but is unsafe, with a high likelihood of further cuts and a payout ratio exceeding 100%.
Share buyback activity by US equity real estate investment trusts more than doubled in the first quarter, according to an analysis by S&P Global Market Intelligence. The US REIT sector bought back around $993.2 million in common stock in the period, more than twice as much as the $456.2 million in the fourth quarter of 2024 and up 15.5% year over year. More than a dozen REITs announced new share repurchase programs during the first quarter.
US equity REITs reported a marginal decline in the median growth rate of their same-store NOI in Q1 as the commercial real estate market continues to face macroeconomic challenges. Among all US equity REITs, the healthcare sector recorded the largest year-over-year gain in same-store NOI during the first quarter, with a median increase of 7.1%. During the first quarter, the office segment incurred losses in its same-store NOI, posting a median year-over-year decline of 0.9%.
This neither the best of times nor the worst of times for REIT investors. This article presents a list of 10 REITs that would merit a Sell rating even in the best of times, given their current condition. All 10 REITs face significant risks due to revenue shrinkage, and most are struggling with heavy indebtedness and a high risk of dividend cuts.
BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of mixed-use properties in the Washington, DC market, today filed its Form 10-Q for the quarter ended March 31, 2025 and reported its financial results. Additional information regarding our results of operations, properties, and tenants can be found in our First Quarter 2025 Investor Package, which is posted in the Investor Relations section of our website at www.jbgsmith.com. We encourage investors.
BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on May 22, 2025 to common shareholders of record as of May 8, 2025. About JBG SMITH JBG SMITH owns, operates and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washin.
Average short interest in US equity real estate investment trusts decreased moderately in March. US REITs' short interest fell 3 basis points month over month to 3.7% of shares outstanding on average in March. The shopping center segment logged the biggest decline in March compared to the previous month, down 1.2 percentage points to 3.3% of shares outstanding on average.
BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner and developer of mixed-use properties in the Washington, DC market, today announced that it will report first quarter 2025 financial results after the close of trading on April 29, 2025. The Company's quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com. About JBG SMITH JBG SMITH owns, operates and develops mixed-use properti.