JBG SMITH is a Maryland real estate investment trust that owns, operates, and develops mixed-use urban properties, primarily concentrated in and around Washington, D.C., particularly in the National Landing neighborhood straddling Northern Virginia. The company's portfolio consists of multifamily residential assets, commercial office and retail properties, and land parcels, which it strategically mixes in high-density, walkable developments anchored by major tenants including the U.S. federal government and technology companies. Revenue is generated from property operations through rent collection from residential and commercial tenants, property management and leasing fees, and development activities, with the company operating as a REIT distributing at least 90% of taxable income to shareholders and continuously rotating capital across asset classes to maximize long-term per-share value growth.