JBG SMITH Properties Files 8-K Report
Ticker: JBGS · Form: 8-K · Filed: Jun 26, 2024 · CIK: 1689796
| Field | Detail |
|---|---|
| Company | Jbg Smith Properties (JBGS) |
| Form Type | 8-K |
| Filed Date | Jun 26, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 8-k, real-estate
TL;DR
JBG SMITH Properties filed an 8-K on 6/26/24, mostly procedural stuff.
AI Summary
On June 26, 2024, JBG SMITH Properties filed an 8-K report. The filing primarily concerns other events and financial statements/exhibits, with no specific material events detailed in the provided text. The company, incorporated in Maryland, is a Real Estate Investment Trust headquartered in Bethesda, MD.
Why It Matters
This 8-K filing indicates that JBG SMITH Properties has submitted required documentation to the SEC, which may contain updates or disclosures relevant to investors.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report with no immediate indication of significant financial distress or major corporate changes.
Key Numbers
- 001-37994 — SEC File Number (Identifies the company's filing with the SEC.)
- 81-4307010 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- JBG SMITH Properties (company) — Registrant
- June 26, 2024 (date) — Date of earliest event reported
- Maryland (jurisdiction) — State of incorporation
- Bethesda, MD (location) — Principal executive offices
FAQ
What specific 'Other Events' are being reported by JBG SMITH Properties in this 8-K filing?
The provided text for the 8-K filing does not detail the specific 'Other Events' being reported, only that this item is included.
What is the significance of the 'Financial Statements and Exhibits' being filed?
The filing of 'Financial Statements and Exhibits' suggests that the company is providing updated financial information or related documentation as required by the SEC.
When was JBG SMITH Properties incorporated or organized?
JBG SMITH Properties was incorporated or organized in Maryland.
What is the principal executive office address for JBG SMITH Properties?
The principal executive offices are located at 4747 Bethesda Avenue, Suite 200, Bethesda, MD 20814.
Is there any information about former company names or dates of name changes in this filing?
Yes, the filing indicates the former company name was Vornado DC Spinco with a date of name change on November 9, 2016.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 12.4 · Accepted 2024-06-26 16:06:52
Key Financial Figures
- $0.01 — h registered Common Shares, par value $0.01 per share JBGS New York Stock Exchang
Filing Documents
- tm2417585d7_8k.htm (8-K) — 31KB
- tm2417585d7_ex5-1.htm (EX-5.1) — 11KB
- tm2417585d7_ex5-2.htm (EX-5.2) — 12KB
- tm2417585d7_8kimg001.jpg (GRAPHIC) — 5KB
- tm2417585d7_ex5-1img01.jpg (GRAPHIC) — 2KB
- tm2417585d7_ex5-2img01.jpg (GRAPHIC) — 2KB
- 0001104659-24-075158.txt ( ) — 253KB
- jbgs-20240626.xsd (EX-101.SCH) — 3KB
- jbgs-20240626_lab.xml (EX-101.LAB) — 33KB
- jbgs-20240626_pre.xml (EX-101.PRE) — 22KB
- tm2417585d7_8k_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. Dividend Reinvestment and Share Purchase Plan On June 26, 2024, JBG SMITH Properties ("JBG SMITH") filed with the Securities and Exchange Commission (the "SEC") a prospectus supplement (the "DRIP Prospectus Supplement") to its prospectus dated June 26, 2024, which was included in its shelf registration statement on Form S-3 (Registration No. 333-280468) (the "Registration Statement") filed with the SEC on June 26, 2024. The DRIP Prospectus Supplement relates to 2,000,000 shares of JBG SMITH's common shares of beneficial interest (the "DRIP Common Shares") that may be offered and sold from time to time pursuant to JBG SMITH's dividend reinvestment and share purchase plan. The JBG SMITH dividend reinvestment and share purchase plan is designed to provide JBG SMITH's existing shareholders and interested new investors with a method of purchasing common shares of beneficial interest and investing all or a percentage of their cash dividends in additional commons shares of beneficial interest. An opinion of JBG SMITH's counsel, Hogan Lovells US LLP, regarding the legality of the DRIP Common Shares covered by the DRIP Prospectus Supplement described above is filed as Exhibit 5.1 hereto. Redemption Shares On June 26, 2024, JBG SMITH filed with the SEC a prospectus supplement (the "Redemption Prospectus Supplement") to its prospectus dated June 26, 2024, which was included in the Registration Statement. The Redemption Prospectus Supplement relates to 9,778,452 shares of JBG SMITH's common shares of beneficial interest (the "Redemption Common Shares") that may be issued from time to time if, and to the extent that, the holders of an equal number of common limited partnership units ("OP Units") in JBG SMITH Properties LP (the "Operating Partnership") present such OP Units for redemption, and JBG SMITH, in its sole and absolute discretion, elects to assume and satisfy the redemption right by issuing its common shares to such holder instead of payi
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 5.1 Opinion of Hogan Lovells US LLP regarding the legality of the DRIP Common Shares 5.2 Opinion of Hogan Lovells US LLP regarding the legality of the Redemption Common Shares 23.1 Consent of Hogan Lovells US LLP (included in Exhibit 5.1) 23.2 Consent of Hogan Lovells US LLP (included in Exhibit 5.2) 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JBG SMITH PROPERTIES By: /s/ Steven A. Museles Name: Steven A. Museles Title: Chief Legal Officer and Corporate Secretary June 26, 2024