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JBG SMITH Properties

JBG SMITH Properties

JBGS · NYSE · Real Estate / REIT - Diversified

12.54USD+0.55 (+4.59%)

Price History

Full chart

Market Stats

Previous Close11.99
Open12.06
Day Range11.75 – 12.56
52-Week Range10.13 – 21.36
Volume1.91M
Market Cap813.24M
P/E (TTM)0.00
Forward P/E0.00
EPS-2.56
Dividend Yield6.65%
Beta1.04
50-Day Avg12.30
200-Day Avg14.73

About

JBG SMITH Properties owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, where through our focus on placemaking, we cultivate vibrant, highly amenitized, walkable neighborhoods. JBG SMITH's portfolio comprises 12.0 million square feet at share of multifamily, office, and retail assets, and a 3.3 million square-foot development pipeline. JBG SMITH Properties was established in 2016 and was incorporated in Maryland.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • CEOMr. W. Matthew Kelly
  • Employees596
  • Headquarters4747 Bethesda Avenue, Bethesda, MD, United States, 20814-4641, USA
  • Websitehttps://www.jbgsmith.com

Leadership

  • Mr. W. Matthew KellyChairman of the Board of Trustees and CEO · b. 1973
  • Ms. Moina BanerjeeCo-President & CFO
  • Mr. George Laucks XandersCo-President & Chief Investment Officer · b. 1986
  • Mr. Steven A. MuselesChief Legal Officer & Corporate Secretary · b. 1963
  • Mr. Evan Regan-LevineChief Strategy Officer · b. 1989
  • Ms. Angela F. Valdes CPAChief Accounting Officer · b. 1970
  • Kevin ConnollyExecutive Vice President of Portfolio Management & Investor Relations
  • Bud PerroneManaging Director of Media
  • Mr. Patrick J. TyrrellChief of Property Operations · b. 1961

Financials

Income Statement

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue476.31M472.92M470.61M478.52M543.01M644.18M646.38M602.72M634.36M605.82M604.20M547.31M498.60M
Growth (%)--0.71%-0.49%+1.68%+13.48%+18.63%+0.34%-6.75%+5.25%-4.50%-0.27%-9.42%-8.90%
Cost of Revenue167.80M171.05M175.68M173.64M229.41M308.96M321.61M331.41M328.62M306.70M290.67M273.48M570.71M
Gross Profit308.51M301.87M294.93M304.88M313.61M335.22M324.76M271.31M305.74M299.12M313.53M273.83M-72.11M
Gross Margin64.77%63.83%62.67%63.71%57.75%52.04%50.24%45.01%48.20%49.37%51.89%50.03%-14.46%
Operating Expense158.84M163.25M192.33M192.09M365.78M281.19M88.98M308.92M306.45M277.44M265.58M267.57M-65.67M
Operating Income149.67M138.62M102.60M112.79M-52.17M54.03M235.78M-37.61M-705.00K21.68M47.95M6.26M-6.44M
Operating Margin31.42%29.31%21.80%23.57%-9.61%8.39%36.48%-6.24%-0.11%3.58%7.94%1.14%-1.29%
EBITDA250.57M250.72M247.86M248.43M132.03M332.38M234.99M213.52M218.28M396.54M214.68M214.44M169.83M
EBITDA Margin52.61%53.02%52.67%51.92%24.32%51.60%36.36%35.43%34.41%65.45%35.53%39.18%34.06%
Net Income88.66M81.30M46.29M61.97M-71.75M39.92M65.57M-62.30M-79.26M85.37M-79.98M-143.53M-139.06M
Net Income Margin18.61%17.19%9.84%12.95%-13.21%6.20%10.14%-10.34%-12.49%14.09%-13.24%-26.22%-27.89%
R&D---0.130.160.070.110.120.140.170.15--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense64.49M55.98M50.82M50.05M58.14M74.45M52.70M62.95M67.96M75.93M91.06M116.58M151.66M
Interest Expense % of Total Revenue13.54%11.84%10.80%10.46%10.71%11.56%8.15%10.44%10.71%12.53%15.07%21.30%30.42%

Balance Sheet

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-3.41B3.63B3.66B6.07B6.00B5.99B6.08B6.39B5.90B5.52B5.02B4.39B
Total Liabilities-1.37B1.52B1.54B2.49B2.45B1.99B2.34B2.93B2.71B2.83B2.79B2.72B
Total Equity-2.04B2.11B2.12B3.58B2.99B4.00B3.74B2.92B3.20B2.22B1.81B1.16B
Cash-12.02M74.97M29.00M316.68M260.55M126.41M225.60M264.36M241.10M164.77M145.80M75.27M
Total Debt-1.28B1.30B1.17B2.32B2.14B1.82B2.06B2.68B2.72B2.64B2.62B2.54B
Net Debt-1.27B1.23B1.14B1.89B1.87B1.50B1.77B2.42B2.20B2.47B2.47B2.47B

Cash Flow

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow177.97M187.39M178.91M159.54M74.18M188.19M173.99M169.02M217.62M178.04M183.37M129.39M73.26M
Investing Cash Flow-99.02M-236.92M-237.95M-256.59M-7.68M66.33M-240.67M-167.69M-368.74M524.02M-98.18M144.16M357.31M
Financing Cash Flow-75.43M33.35M121.99M51.08M239.79M-193.54M-190.33M119.49M189.88M-730.08M-158.82M-290.80M-510.47M
Capital Expenditure015.23M166.62M237.81M210.59M3.89M441.01M307.50M173.18M326.74M333.74M218.03M122.27M
Free Cash Flow177.97M172.16M12.29M-78.27M-136.41M192.08M-267.03M-138.48M44.45M-148.70M-150.37M-88.64M-49.02M
Dividends Paid-63.32M3.76M3.76M26.54M107.37M129.83M120.01M118.11M107.69M94.00M62.01M48.43M
FCF to OCF100.00%91.87%6.87%-49.06%-183.88%102.07%-153.48%-81.93%20.42%-83.52%-82.00%-68.50%-66.91%
Dividend Paid to FCF-36.78%30.62%-4.81%-19.46%55.90%-48.62%-86.67%265.76%-72.42%-62.51%-69.96%-98.81%

Earnings

Report DateAug 14, 2017Nov 13, 2017Mar 12, 2018May 9, 2018Aug 9, 2018Nov 7, 2018Feb 26, 2019May 7, 2019Aug 6, 2019Nov 5, 2019Feb 25, 2020May 5, 2020Aug 4, 2020Nov 3, 2020Feb 23, 2021May 4, 2021Aug 3, 2021Nov 2, 2021Feb 22, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 21, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Feb 20, 2024Apr 30, 2024Jul 30, 2024Oct 29, 2024Feb 18, 2025Apr 28, 2025Jul 28, 2025Oct 28, 2025Feb 17, 2026May 5, 2026Aug 10, 2026Oct 27, 2026
EPS Estimate0.00---0.470.480.340.410.36-0.070.020.16-0.02-0.19-0.22-0.21-0.11-0.13-0.14-0.010.01-0.14-0.13-0.18-0.14-0.15-0.20-0.30-0.41-0.35-0.38--0.49-0.49-0.470.00--
EPS Actual0.11-0.61-0.170.070.170.19-0.010.20-0.030.06-0.050.32-0.20-0.18-0.36-0.16-0.130.32-0.45-0.001.02-0.17-0.170.190.10-0.58-0.35-0.36-0.27-0.32-0.72-0.56-0.29-0.48-0.78-0.320.18-
Surprise-----63.83%-60.42%-102.94%-51.22%-108.33%185.71%-350.00%100.00%-900.00%5.26%-63.64%23.81%-18.18%346.15%-221.43%94.00%10100.00%-21.43%-30.77%205.56%171.43%-286.67%-75.00%-20.00%34.15%8.57%-89.37%-41.14%2.33%-65.96%---
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hours----

Key Statistics & Ratios

Market Cap813.24M
Enterprise Value3.12B
Trailing P/E0.00
Forward P/E0.00
Price / Sales1.61
Price / Book0.58
EPS-2.56
Book Value18.25
Revenue (TTM)505.73M
Gross Profit (TTM)247.43M
EBITDA191.98M
Profit Margin-30.05%
Operating Margin3.07%
Return on Equity-10.86%
Return on Assets0.07%
Shares Outstanding58.58M
Shares Float54.15M
Beta1.04
Dividend Yield6.65%
Dividend Rate0.70
Payout Ratio101.09%

Analyst Ratings

Sell
Based on 3 analystsTarget 12.00
  • Hold
    1
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
101.29%
Insiders
0.50%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    11.05M18.87%
  • Vanguard Portfolio Management, LLC
    5.89M10.05%
  • Long Pond Capital, LP
    4.02M6.87%
  • Morgan Stanley - Brokerage Accounts
    4.01M6.85%
  • State Street Corp
    3.64M6.21%
  • Citigroup Inc
    2.88M4.92%
  • Vanguard Capital Management, LLC
    2.42M4.14%
  • Geode Capital Management, LLC
    1.69M2.88%
  • Charles Schwab Investment Management Inc
    1.66M2.84%
  • Private Management Group Inc
    1.64M2.81%
  • Northern Trust Corp
    1.57M2.67%
  • Allianz Asset Management AG
    1.23M2.10%
  • Dimensional Fund Advisors, Inc.
    861.91K1.47%
  • Citadel Advisors Llc
    803.59K1.37%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    3.55M6.06%
  • Vanguard Real Estate Index Investor
    2.19M3.74%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.87M3.19%
  • iShares Russell 2000 ETF
    1.55M2.64%
  • Vanguard Small Cap Index
    1.34M2.29%
  • Vanguard MStar Small Cap Value Index
    851.24K1.45%

Dividends

20263×
0.17Nov 12, 20260.17Aug 13, 20260.17May 14, 2026
20254×
0.17Dec 30, 20250.17Nov 6, 20250.17Aug 7, 20250.17May 8, 2025
20245×
0.17Dec 30, 20240.17Nov 7, 20240.17Aug 7, 20240.17May 9, 20240.17Feb 29, 2024
20233×
0.23Nov 16, 20230.23Aug 16, 20230.23Jun 22, 2023
20224×
0.23Dec 28, 20220.23Nov 7, 20220.23Aug 11, 20220.23May 12, 2022
20214×
0.23Dec 29, 20210.23Nov 9, 20210.23Aug 12, 20210.23May 12, 2021
20201×
0.23Dec 24, 2020