JBG SMITH Props Q3 2024 FFO $0.23 Beats $0.22 Estimate, Sales $136.026M Beat $134.711M Estimate
Portfolio Pulse from Benzinga Newsdesk
JBG SMITH Properties (NYSE:JBGS) reported Q3 2024 earnings per share of $0.23, surpassing the consensus estimate of $0.22. However, this represents a 42.5% decline from the previous year's $0.40 per share. Sales were $136.026 million, also beating estimates but down 10.25% from last year.
October 29, 2024 | 8:29 pm
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JBG SMITH Properties reported Q3 2024 earnings that beat estimates but showed a significant year-over-year decline in both EPS and sales.
While JBG SMITH Properties exceeded analyst expectations for Q3 2024, the significant year-over-year declines in both earnings per share and sales may concern investors. The beat on estimates could provide some short-term stability, but the overall negative trend might weigh on the stock.
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