JBG Smith Properties (JBGS)
NYSE:JBGS
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JBG Smith Properties
(NYSE:JBGS)
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Rating:46Neutral
Price Target:
$15.50
▼(-23.83% Downside)
Action:ReiteratedDate:02/18/26
The score is primarily held back by weak financial performance (shrinking revenue and recurring losses) and bearish technicals (below key moving averages with negative MACD). An improved cash flow picture and a solid dividend yield provide some support but are not enough to outweigh the fundamental and trend headwinds.
Positive Factors
Strategic market concentration (National Landing / D.C.)
Concentration in the Washington, D.C. metro and National Landing offers durable demand advantages tied to a dense employment base and proximity to major tenants (notably Amazon’s HQ2). Geographic scale and local market expertise support leasing, redevelopment, and mixed-use value creation over years.
Negative Factors
Multi-year revenue decline
A persistent top-line decline, culminating in a roughly 64% revenue drop in 2025, signals structural demand or monetization issues for both operating and development businesses. Continued revenue contraction undermines scale economics, reduces reinvestment capacity, and pressures long-term NOI growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic market concentration (National Landing / D.C.)
Concentration in the Washington, D.C. metro and National Landing offers durable demand advantages tied to a dense employment base and proximity to major tenants (notably Amazon’s HQ2). Geographic scale and local market expertise support leasing, redevelopment, and mixed-use value creation over years.
Read all positive factors
JBG Smith Properties (JBGS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.13B
Dividend Yield4.01%
Average Volume (3M)709.11K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth-11.04%
EPS Growth-58.49%
CountryUS
Employees645
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.78
Shares Outstanding58,951,980
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 Ratio15.64
Enterprise Value/Market Cap2.97
Enterprise Value/Revenue6.71
Enterprise Value/Gross Profit-46.41
Enterprise Value/Ebitda19.70
Forecast
1Y Price Target
$17.00Price Target Upside-16.46% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-1.94
Revenue Forecast (FY)$470.31M
JBG Smith Properties Business Overview & Revenue Model
Company Description
JBG Smith Properties (JBGS) is a real estate investment trust (REIT) focusing on the development, management, and ownership of mixed-use properties in urban locations, primarily in the Washington, D.C. metropolitan area. The company specializes in...
How the Company Makes Money
JBG Smith Properties generates revenue primarily through leasing its office, residential, and retail spaces to tenants, which provides a steady stream of rental income. The company's revenue model is bolstered by its mixed-use developments that at...
JBG Smith Properties Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
44
Neutral
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 498.60M | 547.31M | 604.20M | 605.82M | 634.36M |
| Gross Profit | -72.11M | 273.83M | 313.53M | 299.12M | 305.74M |
| EBITDA | 169.83M | 214.44M | 214.68M | 396.54M | 218.28M |
| Net Income | -139.06M | -143.53M | -79.98M | 85.37M | -79.26M |
Balance Sheet | |||||
| Total Assets | 4.39B | 5.02B | 5.52B | 5.90B | 6.39B |
| Cash, Cash Equivalents and Short-Term Investments | 75.27M | 145.80M | 164.77M | 241.10M | 264.36M |
| Total Debt | 2.54B | 2.62B | 2.64B | 2.46B | 2.68B |
| Total Liabilities | 2.72B | 2.79B | 2.83B | 2.71B | 2.93B |
| Stockholders Equity | 1.16B | 1.81B | 2.22B | 2.68B | 2.92B |
Cash Flow | |||||
| Free Cash Flow | 73.26M | -88.64M | -150.37M | -148.70M | 44.45M |
| Operating Cash Flow | 73.26M | 129.39M | 183.37M | 178.04M | 217.62M |
| Investing Cash Flow | 357.31M | 144.16M | -98.18M | 524.02M | -368.74M |
| Financing Cash Flow | -510.47M | -290.80M | -158.82M | -730.08M | 189.88M |
JBG Smith Properties Technical Analysis
Negative
20.35
Price Trends
15.80
Negative
16.65
Negative
18.24
Negative
Market Momentum
-0.16
Negative
44.36
Neutral
49.46
Neutral
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 14.90, above the 50-day MA of 15.80, and above the 200-day MA of 18.24, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 44.36 is Neutral, neither overbought nor oversold. The STOCH value of 49.46 is Neutral, 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 32 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% | |
57 Neutral | $991.68M | 73.21 | 0.98% | 9.58% | 11.02% | -30.91% | |
51 Neutral | $797.79M | -6.00 | -4.45% | 6.09% | -1.23% | 9.10% | |
46 Neutral | $1.13B | -8.24 | -10.61% | 4.01% | -11.04% | -58.49% | |
46 Neutral | $179.49M | -9.94 | -18.93% | 4.14% | 3.10% | -900.13% | |
45 Neutral | $307.71M | -0.88 | -17.84% | ― | -7.89% | -15.88% |
* Real Estate Sector Average
JBGS
JBG Smith Properties
14.90
-0.58
-3.74%
HPP
Hudson Pacific Properties
5.60
-15.05
-72.88%
ELME
Elme Communities
2.02
-0.59
-22.69%
PDM
Piedmont Office
6.39
-0.98
-13.30%
DEA
Easterly Government Properties
21.41
-2.99
-12.25%
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.