• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13G/A filed by JBG SMITH Properties

    11/13/24 5:06:10 PM ET
    $JBGS
    Real Estate Investment Trusts
    Real Estate
    Get the next $JBGS alert in real time by email
    SC 13G/A 1 longpond-jbgs093024a1.htm



     

    UNITED STATES 

    SECURITIES AND EXCHANGE COMMISSION
    Washington, DC 20549

     

    SCHEDULE 13G/A

    Under the Securities Exchange Act of 1934

    (Amendment No. 2)*



    JBG Smith Properties

    (Name of Issuer)

     

    Common Shares, par value $0.01 per share

    (Title of Class of Securities)

     

    46590V100

    (CUSIP Number)

     

    September 30, 2024
    (Date of Event Which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    x Rule 13d-1(b)

    o Rule 13d-1(c)

    o Rule 13d-1(d)

     

     

    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     


     

    CUSIP No. 46590V100
     SCHEDULE 13G/A
    Page 2 of 8 Pages

     

             
    1
    NAME OF REPORTING PERSONS
     
    Long Pond Capital, LP
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) o
    (b) o
     
    3
    SEC USE ONLY
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    0
    6
    SHARED VOTING POWER
     
    6,409,668
    7
    SOLE DISPOSITIVE POWER
     
    0
    8
    SHARED DISPOSITIVE POWER
     
    6,409,668
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    6,409,668
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
     
    o
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    7.4% (See Item 4(b))
    12
    TYPE OF REPORTING PERSON
     
    PN,IA

     

     
     


     

    CUSIP No.  46590V100
     SCHEDULE 13G/A
    Page 3 of 8 Pages

     

             
    1
    NAME OF REPORTING PERSONS
     
    Long Pond Capital GP, LLC
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) o
    (b) o
     
    3
    SEC USE ONLY
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    0
    6
    SHARED VOTING POWER
     
    6,409,668
    7
    SOLE DISPOSITIVE POWER
     
    0
    8
    SHARED DISPOSITIVE POWER
     
    6,409,668
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    6,409,668
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
     
    o
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    7.4% (See Item 4(b))
    12
    TYPE OF REPORTING PERSON
     
    OO, HC

     

     
     


     

    CUSIP No.  46590V100
     SCHEDULE 13G/A
    Page 4 of 8 Pages

     

             
    1
    NAME OF REPORTING PERSONS
    John Khoury
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) o
    (b) o
     
    3
    SEC USE ONLY
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Canadian Citizen
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    0
    6
    SHARED VOTING POWER
     
    6,409,668
    7
    SOLE DISPOSITIVE POWER
     
    0
    8
    SHARED DISPOSITIVE POWER
     
    6,409,668
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    6,409,668
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
     
    o
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    7.4% (See Item 4(b))
    12
    TYPE OF REPORTING PERSON
     
    IN, HC

     

     
     


     

     

    CUSIP No.  46590V100
     SCHEDULE 13G/A
    Page 5 of  8 Pages

     

    This SCHEDULE 13G/A (this "SCHEDULE 13G/A") is being filed on behalf of Long Pond Capital, LP, a Delaware limited partnership ("Long Pond LP"), Long Pond Capital GP, LLC, a Delaware limited liability company ("Long Pond LLC"), and John Khoury, the principal of Long Pond LP, relating to 6,409,668 shares of Common Shares, par value $0.01 per share ("Common Stock"), of JBG Smith Properties (the "Issuer").

     

    This SCHEDULE 13G/A relates to the Common Stock of the Issuer purchased by Long Pond LP through the accounts of certain private funds (collectively, the "Funds"). Long Pond LP serves as the investment manager to the Funds and may direct the vote and disposition of the 6,409,668 shares of the Common Stock held by the Funds. Long Pond LLC serves as the general partner of Long Pond LP and may direct Long Pond LP to direct the vote and disposition of the 6,409,668 shares of the Common Stock held by the Funds. As the principal of Long Pond LP, Mr. Khoury may direct the vote and disposition of the 6,409,668 shares of the Common Stock held by the Funds.

     

    Item 1.(a) Name of Issuer

    JBG Smith Properties

    (b) Address of Issuer’s Principal Executive Offices

    4747 Bethesda Avenue Suite 200

    Bethesda, Maryland 20814

    Item 2.(a) Name of Person Filing

     Long Pond Capital, LP ("Long Pond LP"), Long Pond Capital GP, LLC ("Long Pond LLC") and John Khoury.

    (b) Address of Principal Business Office, or, if none, Residence

    527 Madison Avenue, 15th Floor

    New York, NY 10022

    (c) Citizenship

    Long Pond LP is a limited partnership organized under the laws of the State of Delaware. Long Pond LLC is a limited liability company organized under the laws of the State of Delaware. Mr. Khoury is the principal of Long Pond LP and is a Canadian citizen. 

     (d) Title of Class of Securities

    Common Shares, par value $0.01 per share

     (e) CUSIP No.:

    46590V100

     

     

    CUSIP No. 46590V100
     SCHEDULE 13G/A
    Page 6 of 8 Pages

     

     

    Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:

      (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
     
      (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
     
      (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
     
      (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
     
      (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
     
      (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
     
      (g) x A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
     
      (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
     
      (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
     
      (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
     
      (k) ¨ A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                            
           

     

     
     

     

    CUSIP No. 46590V100
     SCHEDULE 13G/A
    Page 7 of 8 Pages

     

     Item 4. Ownership

     

    (a) Long Pond LP, Long Pond LLC and Mr. Khoury are the beneficial owners of 6,409,668 shares of the Common Stock.

    (b) Long Pond LP, Long Pond LLC and Mr. Khoury are the beneficial owners of 7.4% of the outstanding shares of the Common Stock. This percentage is determined by dividing 6,409,668 by 86,509,609 the number of shares of the Common Stock issued and outstanding as of July 26, 2024, as reported in the Issuer's most recent Form 10-Q filed on July 30, 2024.

    (c) Long Pond LP, as the investment manager of the Funds, may direct the vote and disposition of the 6,409,668 shares of the Common Stock held by the Funds. Long Pond LLC, as the general partner of Long Pond LP, may direct it to direct the vote and disposition of the 6,409,668 shares of the Common Stock held by the Funds. As the principal of Long Pond LP, Mr. Khoury may direct the vote and disposition of the 0 shares of the Common Stock held by the Funds.

    Item 5. Ownership of Five Percent or Less of a Class

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].

    Item 6. Ownership of More Than Five Percent on Behalf of Another Person

     

    Inapplicable.

    Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

    Inapplicable.

    Item 8. Identification and Classification of Members of the Group

     

    Inapplicable.

    Item 9. Notice of Dissolution of Group

     

    Inapplicable.

    Item 10. Certifications

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     
    CUSIP No. 46590V100
     SCHEDULE 13G/A
    Page 8 of 8 Pages

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    Dated: November 13, 2024

     

     

    LONG POND CAPITAL, LP

     

           
      By: Long Pond Capital GP, LLC, general partner

      By:  /s/ John Khoury
        Name: John Khoury
        Title: Authorized Person
           
      LONG POND CAPITAL GP, LLC
           
      By:  /s/ John Khoury
        Name: John Khoury
        Title: Authorized Person
           
      By:  /s/John Khoury
        Name: John Khoury
    Get the next $JBGS alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $JBGS

    DatePrice TargetRatingAnalyst
    12/3/2024Market Perform → Underperform
    BMO Capital Markets
    8/17/2023$16.00 → $15.00In-line → Underperform
    Evercore ISI
    5/31/2022$38.00 → $30.00Outperform → Market Perform
    BMO Capital Markets
    5/23/2022$35.00 → $26.00Outperform → Peer Perform
    Wolfe Research
    1/5/2022$37.00Outperform
    Wolfe Research
    7/12/2021$40.00Outperform
    BMO Capital
    More analyst ratings