JBGS - NYSE

JBG SMITH Properties

JBGS·NYSE

$14.86

+0.75%

Real EstateREIT - Office

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters. JBG SMITH's portfolio currently comprises 20.7 million square feet of high-growth office, multifamily and retail assets, 98% at our share of which are Metro-served. It also maintains a development pipeline encompassing 17.1 million square feet of mixed-use development opportunities.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$865.68M

EPS-2.0900

P/E Ratio-7.11

Earnings Date08/04/2026

4.39B

Assets

-13%

3Y-26.0%

5Y-28.0%

10Y+20.0%

2.72B

Total Liabilities

-2%

3Y-

5Y+16.0%

10Y+77.0%

1.67B

Total Equity

-25%

3Y-48.0%

5Y-55.0%

10Y-21.0%

JBG SMITH Properties Funding & Solvency Profile

JBGS · NYSE

Current Assets

Cash & Cash Equivalents75.27M

Net Receivables204.70M

Inventory0.00

Other Current Assets-21.81M

Total Current Assets258 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets30.33M

Long-Term Investments3.92B

Other Non-Current Assets-3.92B

Total Non-Current Assets0

Total Assets

4.39B

Financial Health Analysis

Current Ratio

0.79x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

1.63x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

-67666000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

6% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

JBG SMITH Properties Balance Sheet

JBGS • NYSE

JBG SMITH Properties Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	75.3M	145.8M	164.8M	241.1M	264.4M	225.6M	126.4M	260.6M	316.7M	29M	75M	12M
Cash & Short-Term Investments	75.3M	145.8M	164.8M	241.1M	264.4M	225.6M	126.4M	260.6M	316.7M	29M	75M	12M
Net Receivables	204.7M	193.6M	215.5M	227.1M	236.8M	226.5M	222.7M	190M	193M	245M	155.9M	144.3M
Accounts Receivables	202.6M	189.9M	211.1M	221.3M	236.3M	225.3M	222.1M	180.6M	180.1M	165.3M	34.6M	33.7M
Other Receivables	2.1M	3.7M	4.4M	5.9M	429K	1.2M	577K	9.5M	13M	0.0	121.3M	110.6M
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	15.4M	0.0	0.0	0.0
Prepaids	0.0	10.8M	13.6M	16.9M	19M	42.6M	0.0	0.0	15.4M	0.0	0.0	0.0
Other Current Assets	-21.8M	37.4M	35.7M	33M	37.7M	37.7M	16.1M	139M	30.2M	3.3M	5.5M	4.1M
Total Current Assets	258.2M	387.7M	429.5M	518.1M	557.9M	532.3M	365.2M	589.6M	555.3M	277.3M	311.2M	244.1M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	0.0	44M	60.3M	1.4M	182.6M	45.5M	19.9M	4.7B	5B	3.2B	3.1B	0.0
Intangible Assets	30.3M	47M	56.6M	68.2M	202M	58.6M	72.3M	89.9M	126.5M	3.1M	3.8M	5.6M
Goodwill & Intangible Assets	30.3M	47M	56.6M	68.2M	202M	58.6M	72.3M	89.9M	126.5M	3.1M	3.8M	5.6M
Long-Term Investments	3.9B	124.6M	289.6M	320.2M	481.6M	461.4M	543M	322.9M	261.8M	49.8M	77M	77.4M
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	4.6B	6B	6.1B	3.7B	-3.1B	0.0
Other Non-Current Assets	-3.9B	4.4B	4.7B	5B	5B	5B	422.1M	-5.7B	-5.9B	-3.6B	3.2B	3.1B
Total Non-Current Assets	30.3M	4.6B	5.1B	5.4B	5.8B	5.5B	5.6B	5.4B	5.5B	3.4B	3.3B	3.2B
Other Assets	4.1B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	4.4B	5B	5.5B	5.9B	6.4B	6.1B	6B	6B	6.1B	3.7B	3.6B	3.4B
LIABILITIES
CURRENT LIABILITIES
Total Payables	84.7M	118.7M	124.9M	167.7M	138.7M	137.2M	157.7M	131M	138.6M	324.2M	54.1M	40.2M
Accounts Payable	84.7M	101.1M	124.9M	138.1M	106.1M	103.1M	157.7M	131M	138.6M	40.9M	54.1M	40.2M
Other Payables	0.0	17.6M	0.0	29.6M	32.6M	34.1M	0.0	0.0	0.0	283.2M	0.0	0.0
Accrued Expenses	17.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Short Term Debt	205M	85M	123.6M	0.0	300M	0.0	99.3M	0.0	337.5M	0.0	0.0	0.0
Capital Lease Obligations (Current)	5.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	-24.1M	0.0	0.0	0.0	-69.4M	-2.1B	0.0	-1.2B	-170.5M	0.0
Other Current Liabilities	13.1M	901K	-37.5M	0.0	0.0	0.0	170M	68.5M	-303.5M	0.0	0.0	0.0
Total Current Liabilities	325.8M	204.6M	186.9M	167.7M	438.7M	137.2M	357.7M	134.7M	138.6M	324.2M	137M	40.2M
NON-CURRENT LIABILITIES
Long Term Debt	2.3B	2.5B	2.4B	2.4B	2.2B	2B	1.6B	2.1B	1.9B	1.2B	1.3B	1.3B
Deferred Revenue (Non-Current)	13.9M	13M	11.9M	15.9M	19.9M	19.8M	40M	39.7M	29.4M	1.5B	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	3.9M	3.3M	4.9M	5.3M	2.5M	5.5M	6.9M	8.2M	26.5M	0.0	0.0
Other Non-Current Liabilities	151.9M	33M	109.7M	55.5M	80.5M	106.1M	162.1M	54.5M	411.4M	-23M	63.4M	50.7M
Total Non-Current Liabilities	2.5B	2.6B	2.6B	2.5B	2.5B	2.2B	1.6B	2.3B	2.3B	1.2B	1.4B	1.3B
Capital Lease Obligations	56.4M	48.3M	75.6M	26.8M	204.3M	85.3M	28.5M	15.7M	15.8M	0.0	13M	0.0
Total Liabilities	2.7B	2.8B	2.8B	2.7B	2.9B	2.3B	2B	2.5B	2.5B	1.5B	1.5B	1.4B
SHAREHOLDERS' EQUITY
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	201K	204K	0.0	0.0	0.0	0.0
Common Stock	732K	846K	944K	1.1M	1.3M	1.3M	1.3M	1.2M	1.2M	2.1B	2.1B	0.0
Additional Paid-In Capital	2.3B	2.8B	3B	3.3B	3.5B	3.7B	3.6B	3.2B	3.1B	0.0	0.0	0.0
Retained Earnings	-1.2B	-997.3M	-777M	-628.6M	-609.3M	-412.9M	-231.2M	-176M	-95.8M	0.0	0.0	0.0
Accumulated Other Comprehensive Income/Loss	-1.6M	15.1M	20M	45.6M	-16M	-40M	-16.7M	6.7M	1.6M	295K	0.0	0.0
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-295K	49.4M	2B
Total Stockholders' Equity	1.2B	1.8B	2.2B	2.7B	2.9B	3.2B	3.4B	3B	3B	2.1B	2.1B	2B
Total Equity	1.7B	2.2B	2.7B	3.2B	3.5B	3.7B	4B	3.5B	3.6B	2.1B	2.1B	2B
Minority Interest	511.3M	423.6M	469.7M	513.5M	545.2M	530.9M	612.8M	558.1M	613.3M	295K	515K	568K
SUMMARY
Total Liabilities & Equity	4.4B	5B	5.5B	5.9B	6.4B	6.1B	6B	6B	6.1B	3.7B	3.6B	3.4B
Total Investments	3.9B	124.6M	289.6M	320.2M	481.6M	461.4M	543M	322.9M	261.8M	49.8M	77M	77.4M
Total Debt	2.5B	2.6B	2.6B	2.5B	2.7B	2.1B	1.6B	2.1B	2.2B	1.2B	1.3B	1.3B
Net Debt	2.5B	2.5B	2.5B	2.2B	2.4B	1.9B	1.5B	1.9B	1.9B	1.1B	1.2B	1.3B
Shares Outstanding	61,577,325	61,577,325	61,577,325	61,577,325	61,577,325	61,577,325	61,577,325	61,577,325	61,577,325	61,577,325	61,577,325	61,577,325

SEC Filings

JBGS - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 05, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	May 05, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 18, 2026	April 30, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 17, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 17, 2026	February 17, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	October 28, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 28, 2025	October 28, 2025	2025	View Filing
8-K 8-K 2025 N/A	July 29, 2025	July 29, 2025	2025	View Filing
10-Q 10-Q 2025 Q2 Q2	July 29, 2025	June 30, 2025	2025	View Filing
10-Q 10-Q 2025 Q1 Q1	April 29, 2025	March 31, 2025	2025	View Filing

Showing 1 to 10 of 119 filings

Related Guides

Blog Categories

Continue your JBGS research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.