JBG Smith Properties (JBGS)
NYSE:JBGS
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JBG Smith Properties
(NYSE:JBGS)
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Rating:50Neutral
Price Target:
$15.50
▼(-23.83% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weak financial performance—ongoing net losses and elevated leverage despite improving revenue and better recent free cash flow. Technicals are mildly constructive but still below longer-term trend levels, while valuation is supported by a solid dividend yield but constrained by negative earnings.
Positive Factors
Strategic market concentration
Concentration in National Landing and the D.C. metro ties the portfolio to a deep, employment-driven demand pool (including Amazon HQ2). That structural submarket advantage supports long-term leasing, lower vacancy risk, and durable rent capture for multifamily and mixed-use assets.
Negative Factors
Elevated leverage
Materially higher leverage and reduced equity weaken balance-sheet flexibility, increase refinancing and interest-rate risk, and limit capacity to fund development internally. Elevated debt amplifies downside in a cyclical real estate market and constrains strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic market concentration
Concentration in National Landing and the D.C. metro ties the portfolio to a deep, employment-driven demand pool (including Amazon HQ2). That structural submarket advantage supports long-term leasing, lower vacancy risk, and durable rent capture for multifamily and mixed-use assets.
Read all positive factors
JBG Smith Properties (JBGS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.06B
Dividend Yield4.01%
Average Volume (3M)709.11K
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth-3.31%
EPS Growth0.50%
CountryUS
Employees645
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-1.87
Shares Outstanding58,255,894
10 Day Avg. Volume822,650
30 Day Avg. Volume709,112
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)0.99
Price to Sales (P/S)2.30
P/FCF Ratio-23.38
Enterprise Value/Market Cap3.15
Enterprise Value/Revenue6.61
Enterprise Value/Gross Profit-23.47
Enterprise Value/Ebitda16.64
Forecast
1Y Price Target
$14.50Price Target Upside-28.75% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-1.94
Revenue Forecast (FY)$470.06M
JBG Smith Properties Business Overview & Revenue Model
Company 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,...
How the Company Makes Money
JBGS generates revenue primarily from (1) recurring property income and (2) development-related activities. (1) Recurring property income: The company earns rental revenue from leasing space in its operating portfolio, including residential rents ...
JBG Smith Properties Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
34
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 505.51M | 498.60M | 547.31M | 604.20M | 605.82M | 634.36M |
| Gross Profit | -142.38M | -72.11M | 273.83M | 313.53M | 299.12M | 305.74M |
| EBITDA | 200.76M | 169.83M | 214.44M | 214.68M | 396.54M | 218.28M |
| Net Income | -112.04M | -139.06M | -143.53M | -79.98M | 85.37M | -79.26M |
Balance Sheet | ||||||
| Total Assets | 4.34B | 4.39B | 5.02B | 5.52B | 5.90B | 6.39B |
| Cash, Cash Equivalents and Short-Term Investments | 79.78M | 75.27M | 145.80M | 164.77M | 241.10M | 264.36M |
| Total Debt | 2.57B | 2.54B | 2.62B | 2.64B | 2.46B | 2.68B |
| Total Liabilities | 2.70B | 2.72B | 2.79B | 2.83B | 2.71B | 2.93B |
| Stockholders Equity | 1.14B | 1.16B | 1.81B | 2.22B | 2.68B | 2.92B |
Cash Flow | ||||||
| Free Cash Flow | 69.35M | -49.02M | -88.64M | -150.37M | -148.70M | 44.45M |
| Operating Cash Flow | 63.49M | 73.26M | 129.39M | 183.37M | 178.04M | 217.62M |
| Investing Cash Flow | 119.45M | 357.31M | 144.16M | -98.18M | 524.02M | -368.74M |
| Financing Cash Flow | -188.43M | -510.47M | -290.80M | -158.82M | -730.08M | 189.88M |
JBG Smith Properties Technical Analysis
Negative
20.35
Price Trends
14.79
Negative
15.51
Negative
17.55
Negative
Market Momentum
-0.10
Positive
46.69
Neutral
13.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBGS, the sentiment is Negative. The current price of 20.35 is above the 20-day moving average (MA) of 14.95, above the 50-day MA of 14.79, and above the 200-day MA of 17.55, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 46.69 is Neutral, neither overbought nor oversold. The STOCH value of 13.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JBGS.
JBG Smith Properties Risk Analysis
JBG Smith Properties disclosed 33 risk factors in its most recent earnings report. JBG Smith Properties reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
JBG Smith Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | $1.07B | 181.57 | 0.85% | 9.58% | 13.93% | -43.58% | |
57 Neutral | $975.15M | -15.87 | -5.70% | 6.09% | -0.50% | -40.17% | |
55 Neutral | $624.38M | -1.98 | -17.20% | ― | -0.88% | 47.15% | |
50 Neutral | $1.06B | -11.54 | -9.32% | 4.01% | -3.31% | 0.50% | |
49 Neutral | $178.60M | -9.47 | -18.93% | 4.14% | 3.10% | -900.13% |
* Real Estate Sector Average
JBGS
JBG Smith Properties
14.60
-1.29
-8.13%
HPP
Hudson Pacific Properties
10.80
-3.69
-25.47%
ELME
Elme Communities
2.01
-0.42
-17.25%
PDM
Piedmont Office
7.95
1.07
15.55%
DEA
Easterly Government Properties
23.67
3.43
16.95%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.