8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Feb 17, 2026·SEC
Material company update
Oct 28, 2025·SEC
JBG SMITH Properties(JBGS)Earnings, Financials & Key Ratios
JBGS•NYSE•REIT / Real Estate
$14.96
Price updated Jul 7, 2026
AboutJBG 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, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters. JBG SMITH's portfolio currently comprises 20.7 million square feet of high-growth office, multifamily and retail assets, 98% at our share of which are Metro-served. It also maintains a development pipeline encompassing 17.1 million square feet of mixed-use development opportunities.Show more
- Revenue$499M-8.9%
- FFO$51M-21.1%
- FFO/Share0.76+3.4%
- FFO Payout94.97%-1.0%
- FFO per Share0.76+3.4%
- NOI Margin-14.46%-128.9%
- FFO Margin10.23%-13.4%
- ROE-7.13%-22.3%
- ROA-2.96%-8.5%
JBGS Price & Volume
JBG SMITH Properties (JBGS) stock price & volume — 10-year historical chart
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Portfolio Transition Strains Liquidity and Earnings Quality
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Concentrated DC Office Exposure
Key Thesis Takeaways
- JBG SMITH Properties is navigating a challenging structural pivot toward its National Landing development pipeline, which has resulted in significant earnings volatility and persistent negative AFFO.
- While the company achieved a 62.2% NOI margin in 2026Q1, the broader trend of declining total assets from $5.5 billion in 2023Q4 to $4.3 billion in 2026Q1 suggests ongoing pressure on net asset value.
- Investors should remain cautious as the firm's reliance on debt financing, evidenced by a debt-to-equity ratio that reached 1.52 in 2025Q4, continues to complicate the path toward sustainable dividend coverage.
Verdict Logic
the company's inability to generate positive AFFO, coupled with a significant decline in total assets to $4.3 billion in 2026Q1, suggests that the current dividend yield of 4.8% may be unsustainable.
JBGS Growth Metrics
JBG SMITH Properties (JBGS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years0.58%
5 Years-3.72%
3 Years-6.29%
TTM-3.31%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM28.62%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-0.54%
Return on Capital
10 Years0.93%
5 Years0.24%
3 Years0.28%
Last Year-0.14%
JBGS Recent Earnings
JBG SMITH Properties (JBGS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.17
—
Rev
$128M+9.8%
$116M
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$0.17+136.2%
$0.47
Rev
$128M+4.2%
$122M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$0.15+130.6%
$0.49
Rev
$124M+2.7%
$121M
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$0.19+135.2%
$0.54
Rev
$126M+8.3%
$117M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.17 | $128Mvs $116M+9.8% |
| Q1 2026 | Feb 17, 2026 | $0.17vs $0.47+136.2% | $128Mvs $122M+4.2% |
| Q4 2025 | Oct 28, 2025 | $0.15vs $0.49+130.6% | $124Mvs $121M+2.7% |
| Q3 2025 | Jul 29, 2025 | $0.19vs $0.54+135.2% | $126Mvs $117M+8.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for JBG SMITH Properties (JBGS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $14.96 | $882.73M | -7.16 | -8.9% | -27.89% | -7.13% | 4.81% | |
| $12.19 | $2.04B | 125.41 | 1.77% | -2.59% | -0.74% | — | |
| $9.56 | $1.2B | -14.27 | -0.93% | -20.46% | -5.7% | — | |
| $32.09 | $3.54B | 22.13 | -2.39% | 11.4% | 3.76% | — | |
| $30.75 | $5.06B | 128.13 | 16% | -0.52% | -0.11% | — | |
| $39.44 | $7.42B | 9.39 | 1.27% | 43.99% | 11.77% | — |
Compare JBGS vs Peers
JBG SMITH Properties (JBGS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
JBGS SEC Filings & Documents
JBG SMITH Properties (JBGS) SEC filings — annual & quarterly reports (10-K, 10-Q)
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JBGS Frequently Asked Questions
JBG SMITH Properties (JBGS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is JBG SMITH Properties's revenue?
JBG SMITH Properties (JBGS) reported $505.5M in revenue for fiscal year 2025. This represents a 7% increase from $472.9M in 2014.
How fast is JBG SMITH Properties growing?
JBG SMITH Properties (JBGS) saw revenue decline by 8.9% over the past year.
Is JBGS profitable?
JBG SMITH Properties (JBGS) reported a net loss of $112.0M for fiscal year 2025.
Dividend & Returns
Does JBGS pay dividends?
Yes, JBG SMITH Properties (JBGS) pays a dividend with a yield of 4.81%. This makes it attractive for income-focused investors.
What is JBGS's return on equity?
JBG SMITH Properties (JBGS) has a return on equity (ROE) of -7.1%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is JBG SMITH Properties's FFO?
JBG SMITH Properties (JBGS) generated Funds From Operations (FFO) of $73.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is JBGS a good dividend stock?
JBG SMITH Properties (JBGS) offers a 4.81% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.