5
May
JBG Smith posts coronavirus-tied drop in retail rent, but says it's positioned to weather the storm
JBG Smith Properties (NYSE: JBGS) CEO Matt Kelly said in an earnings release Tuesday that his Bethesda-based development firm is positioned to weather the coronavirus storm despite headwinds including a drop in rental income from retail and restaurant tenants and the uncertainty created by the pandemic.
In his quarterly letter to shareholders, Kelly said the company has about $2 billion in liquidity, limited near-term debt maturities or capital obligations. That should insulate it from the economic…
Source: Arizona Business Journal
