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JBG SMITH Properties JBGS
Real Estate - REIT - Office - NYSE - US
Watchlist
$ 17.87
-0.942 %
$ 1.31 B
Market Cap
-9.66
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one JBGS stock under the worst case scenario is HIDDEN Compared to the current market price of 17.9 USD, JBG SMITH Properties is HIDDEN

JBGS Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one JBGS stock under the base case scenario is HIDDEN Compared to the current market price of 17.9 USD, JBG SMITH Properties is HIDDEN

JBGS Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one JBGS stock under the best case scenario is HIDDEN Compared to the current market price of 17.9 USD, JBG SMITH Properties is HIDDEN

JBGS Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart JBGS

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1M 9%
6M 18%
1Y 17%
3Y -21%
5Y -39%
All
$18.0$18.0$17.5$17.5$17.0$17.0$16.5$16.5$16.0$16.0$15.5$15.5$15.0$15.0$14.5$14.5$14.0$14.0$13.5$13.5Dec '24Dec '2420252025Feb '25Feb '25Mar '25Mar '25Apr '25Apr '25May '25May '25Jun '25Jun '25
FINANCIALS
547 M REVENUE
-9.42%
Growth Rates
1Year -9.42%
3Years -4.80%
5Years -3.31%
7Years 0.11%
10Years 1.47%
6.86 M OPERATING INCOME
-79.60%
Growth Rates
1Year -79.60%
3Years 52.85%
5Years -23.59%
7Years 11.42%
10Years -25.96%
-178 M NET INCOME
-93.82%
Growth Rates
1Year -93.82%
3Years -25.59%
5Years -27.71%
7Years -12.27%
10Years -12.29%
129 M OPERATING CASH FLOW
-29.44%
Growth Rates
1Year -29.44%
3Years -15.91%
5Years -5.75%
7Years 8.27%
10Years -3.64%
144 M INVESTING CASH FLOW
246.83%
Growth Rates
1Year 246.83%
3Years 33.72%
5Years 21.05%
7Years 54.25%
10Years 10.06%
-291 M FINANCING CASH FLOW
-83.09%
Growth Rates
1Year -83.09%
3Years -36.29%
5Years -8.85%
7Years -12.01%
10Years -25.53%
121 M REVENUE
-7.72%
Growth Rates
1Year -9.42%
3Years -4.80%
5Years -3.31%
7Years 0.11%
10Years 1.47%
-21 M OPERATING INCOME
-8031.80%
Growth Rates
1Year -79.60%
3Years 52.85%
5Years -23.59%
7Years 11.42%
10Years -25.96%
-53.7 M NET INCOME
24.20%
Growth Rates
1Year -93.82%
3Years -25.59%
5Years -27.71%
7Years -12.27%
10Years -12.29%
12.9 M OPERATING CASH FLOW
-69.35%
Growth Rates
1Year -29.44%
3Years -15.91%
5Years -5.75%
7Years 8.27%
10Years -3.64%
161 M INVESTING CASH FLOW
161.29%
Growth Rates
1Year 246.83%
3Years 33.72%
5Years 21.05%
7Years 54.25%
10Years 10.06%
-237 M FINANCING CASH FLOW
-160.86%
Growth Rates
1Year -83.09%
3Years -36.29%
5Years -8.85%
7Years -12.01%
10Years -25.53%
Balance Sheet JBG SMITH Properties
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Current Assets 388 M
Cash & Short-Term Investments 146 M
Receivables 194 M
Other Current Assets 48.2 M
Non-Current Assets 4.63 B
Long-Term Investments 125 M
PP&E 44 M
Other Non-Current Assets 4.46 B
2.90 %3.86 %88.92 %Total Assets$5.0b
Current Liabilities 205 M
Accounts Payable 101 M
Short-Term Debt 85 M
Other Current Liabilities 18.5 M
Non-Current Liabilities 2.58 B
Long-Term Debt 2.53 B
Other Non-Current Liabilities 49.9 M
3.63 %3.05 %90.87 %Total Liabilities$2.8b
EFFICIENCY
Earnings Waterfall JBG SMITH Properties
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Revenue 547 M
Cost Of Revenue 273 M
Gross Profit 274 M
Operating Expenses 267 M
Operating Income 6.86 M
Other Expenses 185 M
Net Income -178 M
600m600m500m500m400m400m300m300m200m200m100m100m00(100m)(100m)(200m)(200m)547m(273m)274m(267m)7m(185m)(178m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
50.03% GROSS MARGIN
50.03%
Averages
1Year 50.03%
3Years 50.43%
5Years 48.90%
7Years 49.56%
10Years 53.10%
1.25% OPERATING MARGIN
1.25%
Averages
1Year 1.25%
3Years 3.53%
5Years 0.06%
7Years 1.83%
10Years 4.85%
-26.22% NET MARGIN
-26.22%
Averages
1Year -26.22%
3Years -8.46%
5Years -10.13%
7Years -4.91%
10Years -2.48%
-7.93% ROE
-7.93%
Averages
1Year -7.93%
3Years -2.80%
5Years -2.84%
7Years -1.56%
10Years -0.82%
-2.86% ROA
-2.86%
Averages
1Year -2.86%
3Years -0.95%
5Years -1.07%
7Years -0.52%
10Years -0.18%
0.14% ROIC
0.14%
Averages
1Year 0.14%
3Years 0.38%
5Years 0.03%
7Years 0.22%
10Years 0.71%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis JBG SMITH Properties
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200m200m150m150m100m100m50m50m00(50m)(50m)(100m)(100m)(150m)(150m)(200m)(200m)(250m)(250m)(300m)(300m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -178 M
Depreciation & Amortization 215 M
Capital Expenditures 0
Stock-Based Compensation 29.5 M
Change in Working Capital 9.36 M
Others 43.8 M
Free Cash Flow -88.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets JBG SMITH Properties
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Wall Street analysts predict an average 1-year price target for JBGS of $18.3 , with forecasts ranging from a low of $14.5 to a high of $25 .
JBGS Lowest Price Target Wall Street Target
14.5 USD -18.86%
JBGS Average Price Target Wall Street Target
18.3 USD 2.41%
JBGS Highest Price Target Wall Street Target
25 USD 39.90%
Price
Max Price Target
Min Price Target
Average Price Target
26262424222220201818161614141212Jun '24Jun '24Aug '24Aug '24Oct '24Oct '24Dec '24Dec '24Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Aug '25Aug '25Oct '25Oct '25Dec '25Dec '25Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
1.13% DIVIDEND YIELD
0.175 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.9000.9000.8000.8000.7000.7000.6000.6000.5000.5000.4000.4000.3000.3000.2000.2000.1000.1000.0000.0000.1750.2250.2250.2250.2250.2250.2250.1750.1750.2250.2250.2250.2250.2250.2250.1750.2250.850.2250.680.2250.680.3250.780.2250.680.2250.680.2250.580.2250.400.2250.230.2250.230.2250.230.2250.230.2250.230.1750.180.1750.18201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership JBG SMITH Properties
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
345 K USD 1
9-12 MONTHS
478 K USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Sell These 10 REITs While You Still Can This neither the best of times nor the worst of times for REIT investors. This article presents a list of 10 REITs that would merit a Sell rating even in the best of times, given their current condition. All 10 REITs face significant risks due to revenue shrinkage, and most are struggling with heavy indebtedness and a high risk of dividend cuts. seekingalpha.com - 2 months ago
JBG SMITH Announces First Quarter 2025 Results BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of mixed-use properties in the Washington, DC market, today filed its Form 10-Q for the quarter ended March 31, 2025 and reported its financial results. Additional information regarding our results of operations, properties, and tenants can be found in our First Quarter 2025 Investor Package, which is posted in the Investor Relations section of our website at www.jbgsmith.com. We encourage investors. businesswire.com - 2 months ago
JBG SMITH Declares a Quarterly Common Dividend of $0.175 Per Share BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on May 22, 2025 to common shareholders of record as of May 8, 2025. About JBG SMITH JBG SMITH owns, operates and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washin. businesswire.com - 2 months ago
Short Interest Down For U.S. REITs In March, Up For Advertising REITs Average short interest in US equity real estate investment trusts decreased moderately in March. US REITs' short interest fell 3 basis points month over month to 3.7% of shares outstanding on average in March. The shopping center segment logged the biggest decline in March compared to the previous month, down 1.2 percentage points to 3.3% of shares outstanding on average. seekingalpha.com - 2 months ago
JBG SMITH Announces Date of First Quarter 2025 Results BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner and developer of mixed-use properties in the Washington, DC market, today announced that it will report first quarter 2025 financial results after the close of trading on April 29, 2025. The Company's quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com. About JBG SMITH JBG SMITH owns, operates and develops mixed-use properti. businesswire.com - 2 months ago
JBG SMITH: Wide Margin Of Safety Amid Government Layoffs JBG SMITH Properties is an office REIT that has seen the significance of its multifamily portfolio increase in recent years. The REIT's focus on the Washington, DC area makes it exposed to ongoing workforce optimization under President Trump. I show that using 5.5-6.0% NOI cap rates to value the multifamily portfolio leaves a wide margin of safety regarding the value of the commercial/ground lease portfolio. seekingalpha.com - 3 months ago
JBG Smith Announces Fourth Quarter and Full Year 2024 Results BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of high-quality, mixed-use properties in the Washington, DC market, today filed its Form 10-K for the year ended December 31, 2024 and reported its financial results. Additional information regarding our results of operations, properties, and tenants can be found in our Fourth Quarter 2024 Investor Package, which is posted in the Investor Relations section of our website at www.jbgsmith.com. We enco. businesswire.com - 4 months ago
JBG SMITH Announces Date of Fourth Quarter and Year-End 2024 Results BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report fourth quarter and year-end 2024 financial results after the close of trading on February 18, 2025. The Company's quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com. About JBG SMITH JBG SMITH owns, operates,. businesswire.com - 5 months ago
JBG SMITH Reports Taxable Composition of 2024 Distributions BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the tax treatment of the Company's 2024 distributions on its common shares. The income allocations as they will be reported on Form 1099-DIV are set forth in the following table. JBG SMITH recommends consultation with a tax advisor regarding the federal, state, and local income tax consequences of these distributions. Common Sh. businesswire.com - 5 months ago
AWS, A&MPLIFY by Alvarez and Marsal, Energy Innovation Capital, JBG SMITH, and Virginia Tech Launch Virtus Innovation Center First of its kind, AI-powered innovation center in National Landing will support startups targeting critical national security challenges at the intersection of defense and energy First of its kind, AI-powered innovation center in National Landing will support startups targeting critical national security challenges at the intersection of defense and energy globenewswire.com - 6 months ago
JBG SMITH Declares a Quarterly Common Dividend of $0.175 Per Share BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on January 14, 2025 to common shareholders of record as of December 30, 2024. About JBG SMITH JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-en. businesswire.com - 6 months ago
JBG Smith downgraded to Underperform from Market Perform at BMO Capital BMO Capital downgraded JBG Smith to Underperform from Market Perform with a price target of $15, down from $18. Amazon's HQ2 has so far not able to be a "giant tech magnet for National Landing," leading to declining office occupancy, reduced margins and earnings for JBG Smith, the analyst tells investors in a research note. In addition, the Department of Government Efficiency has an unknown and potentially meaningful impact on office and multifamily demand in the D.C. metro area, where JBG Smith is solely focused, says BMO. https://thefly.com - 7 months ago
8. Profile Summary

JBG SMITH Properties JBGS

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 1.31 B
Dividend Yield 1.13%
Description 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.
Contact 4747 Bethesda Avenue, Bethesda, MD, 20814 https://www.jbgsmith.com
IPO Date July 6, 2017
Employees 645
Officers Mr. George Laucks Xanders Chief Investment Officer Mr. Evan Regan-Levine Chief Strategy Officer Kevin Connolly Executive Vice President of Portfolio Management & Investor Relations Ms. Moina Banerjee Chief Financial Officer Mr. Patrick J. Tyrrell Chief of Property Operations Bud Perrone Managing Director of Media Mr. Gregory W. Trimmer Partner Mr. W. Matthew Kelly Chief Executive Officer & Trustee Mr. Steven A. Museles J.D. Chief Legal Officer & Corporate Secretary Mr. Stephen W. Theriot Senior Adviser