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JBG Smith Properties
(NYSE:JBGS)
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Rating:47Neutral
Price Target:
$10.50
▼(-13.22% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak financial performance—persistent net losses and high leverage outweigh the revenue rebound and improved free cash flow. Technicals also remain unfavorable with the stock below key moving averages and negative MACD. Offsetting factors include a relatively high dividend yield and a positive corporate event focused on improving liquidity via updated credit facilities.
Positive Factors
Revenue and Margin Recovery
The sharp TTM revenue rebound and return to positive gross margin indicate that property-level activity and operating performance have improved materially. If sustained, this recovery can strengthen recurring rental economics and provide a better base for restoring profitability over the next several quarters.
Negative Factors
Persistent Operating Losses
The revenue recovery has not yet translated into sustainable operating earnings. A deeply negative net margin, widening net losses, and slightly negative EBIT indicate that the portfolio is still consuming substantial earnings capacity, limiting retained capital and weakening the durability of future returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Recovery
The sharp TTM revenue rebound and return to positive gross margin indicate that property-level activity and operating performance have improved materially. If sustained, this recovery can strengthen recurring rental economics and provide a better base for restoring profitability over the next several quarters.
Read all positive factors
JBG Smith Properties (JBGS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$819.31M
Dividend Yield6.54%
Average Volume (3M)1.06M
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth-1.08%
EPS Growth-37.72%
CountryUS
Employees596
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)-2.61
Shares Outstanding58,575,672
10 Day Avg. Volume887,832
30 Day Avg. Volume1,060,015
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 Cap4.67
Enterprise Value/Revenue7.52
Enterprise Value/Gross Profit37.01
Enterprise Value/Ebitda28.08
Forecast
1Y Price Target
$12.50Price Target Upside3.31% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-1.94
Revenue Forecast (FY)$479.03M
JBG Smith Properties Business Overview & Revenue Model
Company Description
JBG SMITH Properties owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets. The markets are in and around Washington, DC, most notably National Landing, where through our focus on placemaking, we c...
How the Company Makes Money
JBGS generates revenue primarily through real estate operations and, to a lesser extent, development-related activities. The core revenue stream is recurring rental income from leasing space in its stabilized properties—most notably office and mul...
JBG Smith Properties Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
35
Negative
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 508.41M | 498.60M | 547.31M | 604.20M | 605.82M | 634.36M |
| Gross Profit | 103.28M | -72.11M | 273.83M | 313.53M | 299.12M | 305.74M |
| EBITDA | 136.16M | 177.24M | 221.25M | 214.68M | 396.54M | 218.28M |
| Net Income | -151.95M | -139.06M | -143.53M | -79.98M | 85.37M | -79.26M |
Balance Sheet | ||||||
| Total Assets | 4.26B | 4.39B | 5.02B | 5.52B | 5.90B | 6.39B |
| Cash, Cash Equivalents and Short-Term Investments | 74.80M | 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 | 2.69B | 2.72B | 2.79B | 2.83B | 2.71B | 2.93B |
| Stockholders Equity | 1.07B | 1.16B | 1.81B | 2.22B | 2.68B | 2.92B |
Cash Flow | ||||||
| Free Cash Flow | 24.92M | -49.02M | -88.64M | -150.37M | -148.70M | 44.45M |
| Operating Cash Flow | 64.49M | 73.26M | 129.39M | 183.37M | 178.04M | 217.62M |
| Investing Cash Flow | 535.00K | 357.31M | 144.16M | -98.18M | 524.02M | -368.74M |
| Financing Cash Flow | -47.92M | -510.47M | -290.80M | -158.82M | -730.08M | 189.88M |
JBG Smith Properties Technical Analysis
Negative
12.10
Price Trends
11.29
Negative
12.67
Negative
13.89
Negative
Market Momentum
-0.10
Negative
43.57
Neutral
20.02
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 12.1 is above the 20-day moving average (MA) of 10.72, above the 50-day MA of 11.29, and below the 200-day MA of 13.89, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 43.57 is Neutral, neither overbought nor oversold. The STOCH value of 20.02 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% | |
59 Neutral | $567.29M | 21.91 | 11.69% | 10.32% | 10.78% | -30.46% | |
58 Neutral | $481.02M | 14.76 | 10.50% | 8.30% | 9.52% | 21.63% | |
57 Neutral | $1.26B | 70.10 | 1.81% | 6.64% | -11.57% | -75.67% | |
52 Neutral | $815.45M | 171.69 | 0.69% | 3.00% | 2.04% | -91.73% | |
47 Neutral | $819.31M | -4.10 | -13.35% | 6.54% | -1.08% | -37.72% | |
45 Neutral | $18.25M | 1.18 | 21.10% | 0.40% | -38.85% | ― |
* Real Estate Sector Average
JBGS
JBG Smith Properties
11.39
-9.25
-44.82%
GOOD
Gladstone Commercial
12.00
1.66
16.04%
OLP
One Liberty Properties
22.37
3.30
17.32%
ESRT
Empire State Realty
4.93
-2.68
-35.18%
AAT
American Assets
21.29
2.62
14.03%
NYC
New York City REIT
5.77
-3.93
-40.52%
JBG Smith Properties Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
JBG Smith Updates Credit Facilities to Enhance Liquidity
Positive
Aug 28, 2026
On August 27, 2026, JBG Smith Properties LP entered into a Second Amended and Restated Credit Agreement with a syndicate of lenders and Bank of America, N.A. acting as administrative agent, updating a key lending facility that underpins its real e...
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.