JBG Smith Properties (JBGS) AI Stock Analysis

• Market Cap: $1.26B
• Dividend Yield: 4.01%
• Average Volume (3M): 709.11K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: -11.04%
• EPS Growth: -58.49%
• Country: US
• Employees: 645
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): -0.48
• Shares Outstanding: 59,181,297
• 10 Day Avg. Volume: 822,650
• 30 Day Avg. Volume: 709,112
• PEG Ratio: -0.08
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 2.48
• P/FCF Ratio: -15.32
• Enterprise Value/Market Cap: 3.43
• Enterprise Value/Revenue: 8.62
• Enterprise Value/Gross Profit: 17.27
• Enterprise Value/Ebitda: 29.87
• 1Y Price Target: $17.50
• Price Target Upside: -14.00% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $19.50 ▼(-4.18% Downside)

The overall stock score of 45.9 reflects significant financial challenges, including declining revenues and high leverage, which weigh heavily on the company's prospects. Technical indicators suggest weak momentum, though the RSI hints at a potential rebound. The valuation is unattractive due to negative earnings, despite a moderate dividend yield.

Positive Factors

Business Model Diversification

The diversified business model across residential, commercial, and retail sectors helps mitigate sector-specific risks, providing stability and potential for growth in various market conditions.

Strategic Partnerships

Partnerships with developers and government entities enhance the ability to undertake large-scale projects, providing a competitive edge and potential for increased revenue streams.

Positive EBITDA Margin

A positive EBITDA margin indicates operational cash flow generation capability, which is crucial for sustaining operations and funding future growth initiatives.

Negative Factors

Declining Revenue

The decline in revenue year-over-year highlights challenges in maintaining market share and growth, which could impact long-term financial health and strategic positioning.

High Leverage

Significant leverage can strain financial flexibility, increasing risk and potentially limiting the company's ability to invest in growth opportunities or weather economic downturns.

Negative Profitability

Negative profitability indicates operational inefficiencies and challenges in covering costs, which can hinder the company's ability to generate sustainable returns and invest in future growth.

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 high-quality office spaces, multifamily residential units, and retail properties, catering to both commercial tenants and residents. JBGS aims to create vibrant, well-connected communities through its strategic investments and development projects.

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 attract a diverse range of tenants, enhancing occupancy rates and rental income stability. Additionally, JBGS engages in property management services, further contributing to its revenue. Significant partnerships with local governments and developers aid in securing favorable development projects and long-term leases, while strategic asset management ensures optimal performance of its real estate portfolio.

JBG Smith Properties Financial Statement Overview

Summary

JBG Smith Properties faces significant financial challenges with declining revenues, high leverage, and negative profitability. The gross profit margin remains strong, but operational inefficiencies and liquidity issues are concerning. High debt levels pose a risk, though the equity ratio provides some balance.

Income Statement

The income statement shows declining revenue with a negative growth rate of -2.37% TTM, indicating a challenging market environment. The gross profit margin is relatively healthy at 55.93% TTM, but the net profit margin is significantly negative at -30.57% TTM, reflecting substantial losses. EBIT and EBITDA margins are also concerning, with EBIT margin at -12.03% TTM, indicating operational inefficiencies.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 2.10 TTM, suggesting significant leverage and potential risk. Return on equity is negative at -10.41% TTM, indicating poor profitability. However, the equity ratio is moderate, providing some stability in asset financing.

Cash Flow

Cash flow analysis shows a dramatic decline in free cash flow growth at -1647.91% TTM, highlighting liquidity challenges. The operating cash flow to net income ratio is unavailable, but the free cash flow to net income ratio is 0.80 TTM, indicating some ability to cover losses with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	501.82M	547.31M	604.20M	605.82M	634.36M	602.72M
Gross Profit	250.53M	273.83M	313.53M	299.12M	305.74M	271.31M
EBITDA	144.84M	214.44M	214.68M	396.54M	218.28M	213.52M
Net Income	-153.41M	-143.53M	-79.98M	85.37M	-79.26M	-62.30M
Balance Sheet
Total Assets	4.42B	5.02B	5.52B	5.90B	6.39B	6.08B
Cash, Cash Equivalents and Short-Term Investments	64.44M	145.80M	164.77M	241.10M	264.36M	225.60M
Total Debt	2.51B	2.62B	2.64B	2.46B	2.68B	2.08B
Total Liabilities	2.66B	2.79B	2.83B	2.71B	2.93B	2.34B
Stockholders Equity	1.19B	1.81B	2.22B	2.68B	2.92B	3.21B
Cash Flow
Free Cash Flow	3.76M	-88.64M	-150.37M	-148.70M	44.45M	-138.48M
Operating Cash Flow	83.06M	129.39M	183.37M	178.04M	217.62M	169.02M
Investing Cash Flow	558.62M	144.16M	-98.18M	524.02M	-368.74M	-167.69M
Financing Cash Flow	-724.05M	-290.80M	-158.82M	-730.08M	189.88M	119.49M

JBG Smith Properties Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 20.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBGS, the sentiment is Neutral. The current price of 20.35 is above the 20-day moving average (MA) of 17.02, above the 50-day MA of 17.55, and above the 200-day MA of 18.12, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 51.29 is Neutral, neither overbought nor oversold. The STOCH value of 65.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JBGS.

JBG Smith Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DEA	58 Neutral	$1.05B	74.98	1.00%	9.58%	11.02%	-30.91%
PDM	55 Neutral	$1.08B	-15.26	-4.45%	6.09%	-1.23%	9.10%
ELME	52 Neutral	$263.60M	-1.95	-13.43%	4.14%	3.10%	-900.13%
HPP	46 Neutral	$561.42M	-0.56	-14.02%	―	-7.89%	-15.88%
JBGS	46 Neutral	$1.26B	-8.46	-10.10%	4.01%	-11.04%	-58.49%