JBGS Real Estate

JBG SMITH Properties

$11.72-2.90%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Real Estate
Industry: REIT - Diversified
Country: United States
Market cap: 905.1M USD
Enterprise value: 3.7B USD
Full-time employees: 596

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.08 vs a peer median of 0.75) and more debt relative to equity (1.64× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.08 vs peers 0.75) and more debt vs equity (1.64× vs peers 0.80×)

Ranks #600 of 632 real estate companies (bottom 6%)

See how it ranks against its peers

Worth knowing

Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
JBG SMITH Properties's fiscal-year revenue declined in each of the three years to 2025.
Valuation signals disagree. Cheaper than 46% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 46% of peers on operating cash profit, but only 0% on earnings.
Relative to its operating cash profit (EBITDA), JBG SMITH Properties looks cheaper than 46% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, JBG SMITH Properties looks cheaper than 46% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
JBG SMITH Properties reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

StockQuotient Score

19/ 100▲ 1 since Oct 27 close

Oct 5 18 → Nov 4 19 (+1)

Valuation

Is the price right?

22/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-16.8%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.10Sector median: 0.0535 · MAD: 0.0484

EBITDA yield5.2%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.09Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield-4.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.46Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield117.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

24/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.31Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth-5.6%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -1.25Sector median: 0.0378 · MAD: 0.0744

Revenue growth-1.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.44Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

10/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Net margin fell 7.7 points to -29.9%

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-0.4%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -1.20Sector median: 0.2683 · MAD: 0.2257

Return on assets-3.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.97Sector median: 0.0211 · MAD: 0.0134

Return on invested capital0.3%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -1.55Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin48.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity-14.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.08

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.02Sector median: 0.7490 · MAD: 0.3270

Current ratio1.15×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score -0.06Sector median: 1.1950 · MAD: 0.7210

Debt / equity1.64×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -2.15Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about JBG SMITH Properties

Is JBG SMITH Properties getting weaker?: Its latest SEC filing (Aug 10, 2026) got weaker in some ways: net margin fell 7.7 points to -29.9%. Its overall score is 19/100, up 1 since Oct 28, 2026.
How is JBG SMITH Properties valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 22/100 against 762 real estate peers. Earnings yield -16.8% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -16.8% vs peers 5.3% (weaker than 100% of peers).
Is JBG SMITH Properties growing?: More slowly than most of its peers. Growth scores 24/100 against 762 real estate peers. 3-year revenue growth -5.6% vs a peer median of 3.8% (weaker than 77% of peers).3-year revenue growth -5.6% vs peers 3.8% (weaker than 77% of peers).
How profitable is JBG SMITH Properties?: Less profitable than most of its peers. Profitability scores 10/100 against 762 real estate peers. Return on assets -3.6% vs a peer median of 2.1% (weaker than 100% of peers).Return on assets -3.6% vs peers 2.1% (weaker than 100% of peers).
How risky is JBG SMITH Properties?: Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Debt / equity 1.64× vs a peer median of 0.80× (weaker than 82% of peers).Debt / equity 1.64× vs peers 0.80× (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Net margin fell 7.7 points to -29.9%

Worth watching: JBG SMITH Properties is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	505.5M USD	508.4M USD	+0.6%
Net income (12 months)	−112.0M USD	−152.0M USD	+35.6%
Cash	79.8M USD	74.8M USD	−6.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Diversified companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-1.8%	2.7%	6.5%	0.3%	-1.6%	▼ 1.9 pts
Net margin	-12.5%	14.1%	-13.2%	-26.2%	-27.9%	▼ 1.7 pts
Return on assets (ROA)	-1.2%	1.4%	-1.4%	-2.9%	-3.2%	▼ 0.3 pts
Return on equity (ROE)	-2.7%	3.2%	-3.6%	-7.9%	-12.0%	▼ 4.1 pts
Interest coverage	-0.16×	0.21×	0.36×	0.01×	-0.06×	▼ 590%

JBGS price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.08 vs a peer median of 0.75) and more debt relative to equity (1.64× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.08 vs peers 0.75) and more debt vs equity (1.64× vs peers 0.80×)

Ranks #600 of 632 real estate companies (bottom 6%)

See how it ranks against its peers

Worth knowing

Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.

JBG SMITH Properties's fiscal-year revenue declined in each of the three years to 2025.

Valuation signals disagree. Cheaper than 46% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 46% of peers on operating cash profit, but only 0% on earnings.

Relative to its operating cash profit (EBITDA), JBG SMITH Properties looks cheaper than 46% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, JBG SMITH Properties looks cheaper than 46% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss in the 12 months to June 2026.

JBG SMITH Properties reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Questions investors ask about JBG SMITH Properties

Is JBG SMITH Properties getting weaker?

Its latest SEC filing (Aug 10, 2026) got weaker in some ways: net margin fell 7.7 points to -29.9%. Its overall score is 19/100, up 1 since Oct 28, 2026.

How is JBG SMITH Properties valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 22/100 against 762 real estate peers. Earnings yield -16.8% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -16.8% vs peers 5.3% (weaker than 100% of peers).

Is JBG SMITH Properties growing?

More slowly than most of its peers. Growth scores 24/100 against 762 real estate peers. 3-year revenue growth -5.6% vs a peer median of 3.8% (weaker than 77% of peers).3-year revenue growth -5.6% vs peers 3.8% (weaker than 77% of peers).

How profitable is JBG SMITH Properties?

Less profitable than most of its peers. Profitability scores 10/100 against 762 real estate peers. Return on assets -3.6% vs a peer median of 2.1% (weaker than 100% of peers).Return on assets -3.6% vs peers 2.1% (weaker than 100% of peers).

How risky is JBG SMITH Properties?

Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Debt / equity 1.64× vs a peer median of 0.80× (weaker than 82% of peers).Debt / equity 1.64× vs peers 0.80× (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

505.5M USD

508.4M USD

+0.6%

Net income (12 months)

−112.0M USD

−152.0M USD

+35.6%

Cash

79.8M USD

74.8M USD

−6.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-1.8%

2.7%

6.5%

0.3%

-1.6%

▼ 1.9 pts

Net margin

-12.5%

14.1%

-13.2%

-26.2%

-27.9%

▼ 1.7 pts

Return on assets (ROA)

-1.2%

1.4%

-1.4%

-2.9%

-3.2%

▼ 0.3 pts

Return on equity (ROE)

-2.7%

3.2%

-3.6%

-7.9%

-12.0%

▼ 4.1 pts

Interest coverage

-0.16×

0.21×

0.36×

0.01×

-0.06×

▼ 590%