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JBG SMITH Properties (JBGS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
JBG SMITH Properties (JBGS) stock price & volume — 10-year historical chart
JBG SMITH Properties (JBGS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
JBG SMITH Properties (JBGS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.32 | $128Mvs $116M+9.8% |
| Q1 2026 | Feb 17, 2026 | $0.17vs $0.47+136.2% | $128Mvs $122M+4.2% |
| Q4 2025 | Oct 28, 2025 | $0.15vs $0.49+130.6% | $124Mvs $121M+2.7% |
| Q3 2025 | Jul 29, 2025 | $0.19vs $0.54+135.2% | $126Mvs $117M+8.3% |
JBG SMITH Properties (JBGS) competitors in Mixed-Use and Development-Oriented Office REITs — business model, growth, and fundamentals comparison
JBG SMITH Properties (JBGS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
JBG SMITH Properties (JBGS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 543.01M | 644.18M | 646.38M | 602.72M | 634.36M | 605.82M | 604.2M | 547.31M | 498.6M | 505.51M |
| Revenue Growth % | 13.48% | 18.63% | 0.34% | -6.75% | 5.25% | -4.5% | -0.27% | -9.42% | -8.9% | -3.31% |
| Property Operating Expenses | 229.41M | 308.96M | 321.61M | 331.41M | 328.62M | 306.7M | 290.67M | 273.48M | 570.71M | 557.29M |
| Net Operating Income (NOI) | 313.61M▲ 0% | 335.22M▲ 6.9% | 324.76M▼ 3.1% | 271.31M▼ 16.5% | 305.74M▲ 12.7% | 299.12M▼ 2.2% | 313.53M▲ 4.8% | 273.83M▼ 12.7% | -72.11M▼ 126.3% | -51.77M▲ 0% |
| NOI Margin % | 57.75% | 52.04% | 50.24% | 45.01% | 48.2% | 49.37% | 51.89% | 50.03% | -14.46% | -10.24% |
| Operating Expenses | 238.04M | 281.19M | 88.98M | 271.31M | 306.45M | 277.44M | 265.58M | 266.97M | -65.67M | -128.81M |
| G&A Expenses | 76.38M | 69.76M | 88.98M | 78.31M | 70.14M | 63.67M | 55.39M | 58.79M | 0 | 29.93M |
| EBITDA | 545.3M | 671.78M | 426.57M | 213.52M | 239.75M | 239.52M | 263.58M | 214.44M | 183.63M | 129.44M |
| EBITDA Margin % | 100.42% | 104.28% | 65.99% | 35.43% | 37.79% | 39.54% | 43.62% | 39.18% | 36.83% | 25.6% |
| Depreciation & Amortization | 597.48M | 617.76M | 190.79M | 225.6M | 240.45M | 217.84M | 215.63M | 208.18M | 190.06M | 185.99M |
| D&A / Revenue % | 110.03% | 95.9% | 29.52% | 37.43% | 37.9% | 35.96% | 35.69% | 38.04% | 38.12% | 36.79% |
| Operating Income | -52.17M▲ 0% | 54.03M▲ 203.5% | 235.78M▲ 336.4% | 0▼ 100.0% | -705K▲ 0% | 21.68M▲ 3175.5% | 47.95M▲ 121.2% | 6.26M▼ 86.9% | -6.44M▼ 202.8% | -2.3M▲ 0% |
| Operating Margin % | -9.61% | 8.39% | 36.48% | 0% | -0.11% | 3.58% | 7.94% | 1.14% | -1.29% | -0.45% |
| Interest Expense | 58.14M | 74.45M | 52.7M | 62.95M | 67.96M | 75.93M | 91.06M | 116.58M | 151.66M | 2M |
| Interest Coverage | -0.56x | 1.57x | 0.84x | -0.19x | -0.33x | 2.35x | -0.01x | 0.05x | -0.13x | - |
| Non-Operating Income | -19.63M | -62.7M | 191.58M | 12.08M | 21.47M | -157.02M | 48.9M | 0 | 13.8M | -4.88M |
| Pretax Income | -89M▲ 0% | 45.88M▲ 151.5% | 72.84M▲ 58.8% | -71.53M▼ 198.2% | -86.18M▼ 20.5% | 100.25M▲ 216.3% | -92M▼ 191.8% | -176.99M▼ 92.4% | -171.89M▲ 2.9% | -141.03M▲ 0% |
| Pretax Margin % | -16.39% | 7.12% | 11.27% | -11.87% | -13.59% | 16.55% | -15.23% | -32.34% | -34.47% | -27.9% |
| Income Tax | -9.91M | -738K | -1.3M | -4.26M | 3.54M | 1.26M | -296K | 762K | -3.83M | -3.64M |
| Effective Tax Rate % | 11.14% | -1.61% | -1.79% | 5.96% | -4.11% | 1.26% | 0.32% | -0.43% | 2.23% | 2.58% |
| Net Income | -71.75M▲ 0% | 39.92M▲ 155.6% | 65.57M▲ 64.2% | -62.3M▼ 195.0% | -79.26M▼ 27.2% | 85.37M▲ 207.7% | -79.98M▼ 193.7% | -143.53M▼ 79.5% | -139.06M▲ 3.1% | -112.04M▲ 0% |
| Net Margin % | -13.21% | 6.2% | 10.14% | -10.34% | -12.49% | 14.09% | -13.24% | -26.22% | -27.89% | -22.16% |
| Net Income Growth % | -215.78% | 155.64% | 64.24% | -195.02% | -27.21% | 207.71% | -193.68% | -79.46% | 3.11% | 28.62% |
| Funds From Operations (FFO) | 525.73M▲ 0% | 657.68M▲ 25.1% | 256.36M▼ 61.0% | 163.29M▼ 36.3% | 161.2M▼ 1.3% | 303.21M▲ 88.1% | 135.65M▼ 55.3% | 64.65M▼ 52.3% | 51M▼ 21.1% | 73.95M▲ 0% |
| FFO Margin % | 96.82% | 102.1% | 39.66% | 27.09% | 25.41% | 50.05% | 22.45% | 11.81% | 10.23% | 14.63% |
| FFO Growth % | 22.75% | 25.1% | -61.02% | -36.3% | -1.28% | 88.1% | -55.26% | -52.34% | -21.12% | 665.79% |
| FFO per Share | 4.99 | 5.52 | 1.96 | 1.22 | 1.23 | 2.55 | 1.29 | 0.73 | 0.76 | 1.25 |
| FFO Payout Ratio % | 5.05% | 16.33% | 50.65% | 73.49% | 73.27% | 35.52% | 69.3% | 95.91% | 94.97% | 45.5% |
| EPS (Diluted) | -0.68▲ 0% | 0.34▲ 150.0% | 0.48▲ 41.2% | -0.49▼ 202.1% | -0.63▼ 28.6% | 0.70▲ 211.1% | -0.78▼ 211.4% | -1.65▼ 111.5% | -2.09▼ 26.7% | -1.90▲ 0% |
| EPS Growth % | -230.77% | 150% | 41.18% | -202.08% | -28.57% | 211.11% | -211.43% | -111.54% | -26.67% | -0.54% |
| EPS (Basic) | -0.68 | 0.34 | 0.48 | -0.49 | -0.63 | 0.70 | -0.78 | -1.65 | -2.09 | - |
| Diluted Shares Outstanding | 105.36M | 119.18M | 130.69M | 133.45M | 130.84M | 119M | 105.09M | 88.33M | 67.36M | 59.07M |
JBG SMITH Properties (JBGS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 6.07B | 6B | 5.99B | 6.08B | 6.39B | 5.9B | 5.52B | 5.02B | 4.39B | 4.34B |
| Asset Growth % | 65.87% | -1.23% | -0.18% | 1.56% | 5.04% | -7.56% | -6.52% | -9.02% | -12.6% | -50.32% |
| Real Estate & Other Assets | -5.95B | -5.74B | 4.97B | 4.98B | 4.96B | 5B | 4.68B | 4.42B | 3.85B | 0 |
| PP&E (Net) | 5.01B | 4.74B | 19.86M | 45.54M | 182.62M | 1.38M | 60.33M | 44.03M | 41.49M | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 555.25M | 589.57M | 380.94M | 532.35M | 557.9M | 518.12M | 429.49M | 387.66M | 317.64M | 263.51M |
| Cash & Equivalents | 316.68M | 260.55M | 126.41M | 225.6M | 264.36M | 241.1M | 164.77M | 145.8M | 75.27M | 79.78M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 30.17M | 138.98M | 16.1M | 37.74M | 37.74M | 32.98M | 35.67M | 37.39M | 28.02M | 0 |
| Intangible Assets | 126.47M | 89.86M | 72.26M | 58.58M | 201.96M | 68.18M | 56.62M | 47M | 30.33M | 29.42M |
| Total Liabilities | 2.49B | 2.45B | 1.99B | 2.34B | 2.93B | 2.71B | 2.83B | 2.79B | 2.72B | 2.7B |
| Total Debt | 2.2B | 2.14B | 1.7B | 2.08B | 2.68B | 2.46B | 2.64B | 2.62B | 2.54B | 0 |
| Net Debt | 1.89B | 1.87B | 1.58B | 1.85B | 2.42B | 2.22B | 2.47B | 2.47B | 2.47B | -79.78M |
| Long-Term Debt | 1.85B | 2.14B | 1.42B | 1.99B | 2.18B | 2.44B | 2.44B | 2.49B | 2.3B | 0 |
| Short-Term Borrowings | 337.51M | 0 | 200M | 0 | 300M | 0 | 123.58M | 85M | 205M | 0 |
| Capital Lease Obligations | 15.82M | 15.7M | 79.24M | 85.31M | 204.25M | 26.77M | 75.57M | 48.3M | 40.76M | 146.43M |
| Total Current Liabilities | 138.61M | 134.68M | 357.7M | 137.18M | 438.74M | 167.68M | 186.87M | 204.61M | 302.87M | 0 |
| Accounts Payable | 138.61M | 130.96M | 157.7M | 103.1M | 106.14M | 138.06M | 124.87M | 101.1M | 84.75M | 0 |
| Deferred Revenue | 29.37M | -2.14B | 39.96M | 19.81M | 19.85M | 15.92M | -24.11M | 12.98M | 13.94M | 0 |
| Other Liabilities | 411.4M | 54.52M | 81.3M | 106.07M | 80.52M | 55.49M | 109.68M | 33.02M | 64.12M | 2.7B |
| Total Equity | 3.58B▲ 0% | 3.55B▼ 1.1% | 4B▲ 12.8% | 3.74B▼ 6.6% | 3.46B▼ 7.4% | 3.2B▼ 7.7% | 2.69B▼ 15.7% | 2.23B▼ 17.1% | 1.67B▼ 25.3% | 1.63B▲ 0% |
| Equity Growth % | 68.9% | -1.07% | 12.8% | -6.56% | -7.38% | -7.68% | -15.74% | -17.08% | -25.25% | -92.51% |
| Shareholders Equity | 2.97B | 2.99B | 3.39B | 3.21B | 2.92B | 2.68B | 2.22B | 1.81B | 1.16B | 1.14B |
| Minority Interest | 613.34M | 558.14M | 612.96M | 530.91M | 545.23M | 513.53M | 469.71M | 423.63M | 511.34M | 494.82M |
| Common Stock | 1.18M | 1.21M | 1.34M | 1.32M | 1.27M | 1.14M | 944K | 846K | 732K | 746K |
| Additional Paid-in Capital | 3.06B | 3.16B | 3.63B | 3.66B | 3.54B | 3.26B | 2.98B | 2.79B | 2.34B | 0 |
| Retained Earnings | -95.81M | -176.02M | -231.16M | -412.94M | -609.33M | -628.64M | -776.96M | -997.28M | -1.18B | -1.2B |
| Preferred Stock | 0 | 204K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -1.47% | 0.66% | 1.09% | -1.03% | -1.27% | 1.39% | -1.4% | -2.72% | -2.96% | -2.53% |
| Return on Equity (ROE) | -2.51% | 1.12% | 1.74% | -1.61% | -2.2% | 2.56% | -2.72% | -5.83% | -7.13% | -6.47% |
| Debt / Assets | 36.3% | 35.61% | 28.44% | 34.16% | 41.98% | 41.74% | 47.8% | 52.15% | 57.96% | 0% |
| Debt / Equity | 0.61x | 0.60x | 0.43x | 0.56x | 0.77x | 0.77x | 0.98x | 1.17x | 1.52x | 1.52x |
| Net Debt / EBITDA | 3.46x | 2.79x | 3.69x | 8.67x | 10.08x | 9.28x | 9.38x | 11.53x | 13.44x | 13.44x |
| Book Value per Share | 34.02 | 29.75 | 30.60 | 28.00 | 26.45 | 26.85 | 25.62 | 25.28 | 24.78 | 27.67 |
JBG SMITH Properties (JBGS) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 74.18M | 188.19M | 173.99M | 169.02M | 217.62M | 178.04M | 183.37M | 129.39M | 73.26M | 73.26M |
| Operating CF Growth % | -53.5% | 153.69% | -7.55% | -2.85% | 28.75% | -18.19% | 3% | -29.44% | -43.38% | -184.08% |
| Operating CF / Revenue % | 13.66% | 29.21% | 26.92% | 28.04% | 34.31% | 29.39% | 30.35% | 23.64% | 14.69% | 14.49% |
| Net Income | -79.08M | 46.61M | 74.14M | -67.26M | -89.72M | 98.99M | -91.71M | -177.75M | -139.06M | -112.04M |
| Depreciation & Amortization | 164.58M | 215.66M | 195.79M | 225.6M | 240.45M | 217.84M | 215.63M | 214.99M | 197.6M | 197.35M |
| Stock-Based Compensation | 33.69M | 52.67M | 65.27M | 66.05M | 51.55M | 41.27M | 32.1M | 29.52M | 24.86M | 33.45M |
| Other Non-Cash Items | -17.78M | -78.73M | -115.1M | 16.21M | -13.51M | -164.82M | 49.86M | 53.27M | -4.95M | -49.65M |
| Working Capital Changes | -16.82M | -47.3M | -44.79M | -47.03M | 633K | -15.24M | -22.5M | 9.37M | -5.19M | -5.75M |
| Cash from Investing | -7.68M | 66.33M | -240.67M | -167.69M | -368.74M | 524.02M | -98.18M | 144.16M | 357.31M | 120.23M |
| Acquisitions (Net) | -25.16M | -31.58M | -18.67M | -14.64M | -41.78M | -91.59M | -647K | 0 | 0 | -100.67M |
| Purchase of Investments | -2.21M | -665K | 0 | -85.75M | -250.12M | 0 | -9.83M | -6.16M | 0 | 44.76M |
| Sale of Investments | 6.93M | 493.36M | 0 | 154.49M | 14.37M | 19.03M | 1.92M | 0 | 0 | -192.94M |
| Other Investing | 223.35M | 94.69M | 219.01M | 85.7M | 81.97M | 923.32M | -89.62M | 150.32M | 357.31M | 339.98M |
| Cash from Financing | 239.79M | -193.54M | -190.33M | 119.49M | 189.88M | -730.08M | -158.82M | -290.8M | -510.47M | -189.2M |
| Dividends Paid | -26.54M | -107.37M | -129.83M | -120.01M | -118.11M | -107.69M | -94M | -62.01M | -48.43M | -44.06M |
| Common Dividends | -26.54M | -107.37M | -129.83M | -120.01M | -118.11M | -107.69M | -94M | -62.01M | -48.43M | -33.65M |
| Debt Issuance (Net) | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K |
| Share Repurchases | 0 | 597K | 0 | -104.77M | -157.69M | -361.04M | -335.31M | -170.77M | -443.65M | -321.46M |
| Other Financing | 136.7M | -26.15M | -16.34M | -28.22M | 1.26M | -20.42M | -24.8M | -70.96M | 206.31M | 84.53M |
| Net Change in Cash | 306.29M▲ 0% | 60.98M▼ 80.1% | -257.02M▼ 521.5% | 120.82M▲ 147.0% | 38.76M▼ 67.9% | -28.02M▼ 172.3% | -73.63M▼ 162.8% | -17.25M▲ 76.6% | -79.9M▼ 363.2% | -17.05M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 32.26M | 338.56M | 399.53M | 142.52M | 263.34M | 302.1M | 274.07M | 200.44M | 183.19M | 0 |
| Cash at End | 338.56M | 399.53M | 142.52M | 263.34M | 302.1M | 274.07M | 200.44M | 183.19M | 103.29M | 0 |
| Free Cash Flow | -136.41M▲ 0% | 192.08M▲ 240.8% | -267.03M▼ 239.0% | -138.48M▲ 48.1% | 44.45M▲ 132.1% | -148.7M▼ 434.6% | -150.37M▼ 1.1% | -88.64M▲ 41.1% | -49.02M▲ 44.7% | 92.59M▲ 0% |
| FCF Growth % | -74.27% | 240.81% | -239.02% | 48.14% | 132.1% | -434.58% | -1.12% | 41.06% | 44.7% | 198.65% |
| FCF / Revenue % | -25.12% | 29.82% | -41.31% | -22.98% | 7.01% | -24.55% | -24.89% | -16.19% | -9.83% | 18.32% |
JBG SMITH Properties (JBGS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 4.99 | 5.52 | 1.96 | 1.22 | 1.23 | 2.55 | 1.29 | 0.73 | 0.76 | 1.25 |
| FFO Payout Ratio | 5.05% | 16.33% | 50.65% | 73.49% | 73.27% | 35.52% | 69.3% | 95.91% | 94.97% | 45.5% |
| NOI Margin | 57.75% | 52.04% | 50.24% | 45.01% | 48.2% | 49.37% | 51.89% | 50.03% | -14.46% | -10.24% |
| Net Debt / EBITDA | 3.46x | 2.79x | 3.69x | 8.67x | 10.08x | 9.28x | 9.38x | 11.53x | 13.44x | 13.44x |
| Debt / Assets | 36.3% | 35.61% | 28.44% | 34.16% | 41.98% | 41.74% | 47.8% | 52.15% | 57.96% | 0% |
| Interest Coverage | -0.56x | 1.57x | 0.84x | -0.19x | -0.33x | 2.35x | -0.01x | 0.05x | -0.13x | - |
| Book Value / Share | 34.02 | 29.75 | 30.6 | 28 | 26.45 | 26.85 | 25.62 | 25.28 | 24.78 | 27.67 |
| Revenue Growth | 13.48% | 18.63% | 0.34% | -6.75% | 5.25% | -4.5% | -0.27% | -9.42% | -8.9% | -3.31% |
JBG SMITH Properties (JBGS) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Feb 17, 2026·SEC
Oct 28, 2025·SEC
JBG SMITH Properties (JBGS) stock FAQ — growth, dividends, profitability & financials explained
JBG SMITH Properties (JBGS) reported $505.5M in revenue for fiscal year 2025. This represents a 7% increase from $472.9M in 2014.
JBG SMITH Properties (JBGS) saw revenue decline by 8.9% over the past year.
JBG SMITH Properties (JBGS) reported a net loss of $112.0M for fiscal year 2025.
Yes, JBG SMITH Properties (JBGS) pays a dividend with a yield of 4.55%. This makes it attractive for income-focused investors.
JBG SMITH Properties (JBGS) has a return on equity (ROE) of -7.1%. Negative ROE indicates the company is unprofitable.
JBG SMITH Properties (JBGS) generated Funds From Operations (FFO) of $73.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.
JBG SMITH Properties (JBGS) offers a 4.55% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
JBG SMITH Properties (JBGS) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates