JBG SMITH Properties

For the period ended Apr 30, 2024. Filed Apr 30, 2024.

About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Apr 30, 2024 · Filed Apr 30, 2024

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JBGS$12.44-0.1%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · Development Pipeline

Property Table –Development


· dollars in thousands · · · · · · · ·
· · · · · · · · · · · · · · · · ·
· · · · · · · Earliest · · · · · · · · · ·
				Potential					Estimated
· · · · · % · · Construction · · Estimated Potential Development Density (SF) · · Number of ·
· Asset · Submarket · · Ownership · · Start Date (1) · · Total · Multifamily · · Office · Retail · · Units

· National Landing · · · · · · · ·
	1415 S. Eads Street	National Landing	100.0%	2024	531,400	527,400	—	4,000	635
	3330 Exchange Avenue	National Landing	50.0%	2024	239,800	216,400	—	23,400	240
	3331 Exchange Avenue	National Landing	50.0%	2024	180,600	164,300	—	16,300	170
	Potomac Yard Landbay F/G/H	National Landing	50.0% / 100.0%	2025-2026	2,614,000	1,147,000	1,369,000	98,000	1,240
	RiverHouse Land	National Landing	100.0%	2025	1,988,400	1,960,600	—	27,800	1,665
	2250 Crystal Drive	National Landing	100.0%	2025	696,200	681,300	—	14,900	825
	223 23rd Street	National Landing	100.0%	2025	492,100	484,100	—	8,000	610
	2525 Crystal Drive	National Landing	100.0%	2025	373,000	370,000	—	3,000	370
	101 12th Street S.	National Landing	100.0%	2025	239,600	—	234,400	5,200	—
	2100/2200 Crystal Drive Land (2)	National Landing	100.0%	2026	510,000	510,000	—	—	500
	1800 South Bell Street	National Landing	100.0%	2026	311,000	—	307,000	4,000	—
	DC
	Gallaudet Parcel 2-3 (3)	Union Market	100.0%	2024	819,100	758,200	—	60,900	820
	Capitol Point - North	NoMa	100.0%	2025	451,400	434,100	—	17,300	470
	Gallaudet Parcel 4 (3)	Union Market	100.0%	2026	644,200	605,200	—	39,000	645
	Other Development Parcels (4)				1,248,100	142,200	1,105,900	—	—

	Total				11,338,900	8,000,800	3,016,300	321,800	8,190

	Totals at JBG SMITH Share
	National Landing				7,159,000	5,647,300	1,375,900	135,800	5,780
	DC				2,107,000	1,840,200	149,600	117,200	1,935
					9,266,000	7,487,500	1,525,500	253,000	7,715

				Fully Entitled	4,727,600	3,723,400	806,000	198,200	4,210
				Entitlement In Process	4,538,400	3,764,100	719,500	54,800	3,505
					9,266,000	7,487,500	1,525,500	253,000	7,715

	Historical Cost at JBG SMITH Share (5)	$ 380,318

See footnotes on page 36.


		Page 35


PROPERTY TABLE – DEVELOPMENT PIPELINE	MARCH 31, 2024(Unaudited)

Footnotes

(1)	Represents the earliest potential year in which construction could commence, subject to receipt of full entitlements, completion of design and market conditions. Office developments are pre-lease dependent.

(2)	Currently encumbered by two operating commercial assets.

(3)	Controlled through an option to acquire a leasehold interest with estimated stabilized annual ground rent payments totaling approximately $3.8 million. As of March 31, 2024, the weighted average remaining term for the option is 1.2 years.

(4)	Comprises four assets in which we have a minority interest.

(5)	Historical Cost includes certain intangible assets, such as option and transferable density rights values recorded as part of the Formation Transaction; and excludes certain GAAP adjustments, such as capitalized interest and ground lease costs. See definition of Historical Cost on page 42.


		Page 36


DISPOSITION ACTIVITY	MARCH 31, 2024(Unaudited)

ContentsView on SEC.gov

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