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JBG SMITH PROPERTIES (JBGS) Stock Fundamental Analysis

NYSE:JBGS - New York Stock Exchange, Inc. - US46590V1008 - REIT - Currency: USD

19.53  -0.38 (-1.91%)

After market: 19.53 0 (0%)

Fundamental Rating

1

Taking everything into account, JBGS scores 1 out of 10 in our fundamental rating. JBGS was compared to 130 industry peers in the Diversified REITs industry. Both the profitability and financial health of JBGS have multiple concerns. JBGS is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

JBGS had negative earnings in the past year.
JBGS had a positive operating cash flow in the past year.
JBGS had negative earnings in 4 of the past 5 years.
In the past 5 years JBGS always reported a positive cash flow from operatings.
JBGS Yearly Net Income VS EBIT VS OCF VS FCFJBGS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

1.2 Ratios

The Return On Assets of JBGS (-3.38%) is worse than 79.23% of its industry peers.
JBGS has a worse Return On Equity (-11.61%) than 78.46% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.07%, JBGS is doing worse than 88.46% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for JBGS is below the industry average of 3.14%.
Industry RankSector Rank
ROA -3.38%
ROE -11.61%
ROIC 0.07%
ROA(3y)-0.99%
ROA(5y)-1.07%
ROE(3y)-2.88%
ROE(5y)-2.7%
ROIC(3y)0.37%
ROIC(5y)N/A
JBGS Yearly ROA, ROE, ROICJBGS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 -2 -4 -6 -8

1.3 Margins

JBGS's Operating Margin of 0.81% is on the low side compared to the rest of the industry. JBGS is outperformed by 88.46% of its industry peers.
In the last couple of years the Operating Margin of JBGS has declined.
The Gross Margin of JBGS (50.28%) is worse than 77.69% of its industry peers.
In the last couple of years the Gross Margin of JBGS has remained more or less at the same level.
Industry RankSector Rank
OM 0.81%
PM (TTM) N/A
GM 50.28%
OM growth 3YN/A
OM growth 5Y-29.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.26%
GM growth 5Y-0.13%
JBGS Yearly Profit, Operating, Gross MarginsJBGS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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3

2. Health

2.1 Basic Checks

JBGS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
JBGS has less shares outstanding than it did 1 year ago.
JBGS has less shares outstanding than it did 5 years ago.
JBGS has a worse debt/assets ratio than last year.
JBGS Yearly Shares OutstandingJBGS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
JBGS Yearly Total Debt VS Total AssetsJBGS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

JBGS has an Altman-Z score of 0.04. This is a bad value and indicates that JBGS is not financially healthy and even has some risk of bankruptcy.
JBGS has a Altman-Z score of 0.04. This is in the lower half of the industry: JBGS underperforms 73.08% of its industry peers.
JBGS has a Debt/Equity ratio of 1.88. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.88, JBGS is doing worse than 67.69% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF N/A
Altman-Z 0.04
ROIC/WACC0.01
WACC6.49%
JBGS Yearly LT Debt VS Equity VS FCFJBGS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.90 indicates that JBGS should not have too much problems paying its short term obligations.
JBGS has a better Current ratio (1.90) than 76.15% of its industry peers.
A Quick Ratio of 1.90 indicates that JBGS should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.90, JBGS is doing good in the industry, outperforming 76.15% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.9
Quick Ratio 1.9
JBGS Yearly Current Assets VS Current LiabilitesJBGS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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0

3. Growth

3.1 Past

JBGS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.47%.
The Revenue for JBGS has decreased by -11.34% in the past year. This is quite bad
Measured over the past years, JBGS shows a decrease in Revenue. The Revenue has been decreasing by -3.32% on average per year.
EPS 1Y (TTM)-1.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%181.48%
Revenue 1Y (TTM)-11.34%
Revenue growth 3Y-4.8%
Revenue growth 5Y-3.32%
Sales Q2Q%-5.36%

3.2 Future

The Earnings Per Share is expected to decrease by -16.02% on average over the next years. This is quite bad
The Revenue is expected to decrease by -4.05% on average over the next years.
EPS Next Y-43.63%
EPS Next 2Y-16.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-9.92%
Revenue Next 2Y-4.05%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
JBGS Yearly Revenue VS EstimatesJBGS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
JBGS Yearly EPS VS EstimatesJBGS Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 -0.5 -1 -1.5 -2

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0

4. Valuation

4.1 Price/Earnings Ratio

JBGS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year JBGS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
JBGS Price Earnings VS Forward Price EarningsJBGS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, JBGS is valued a bit more expensive than 79.23% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.57
JBGS Per share dataJBGS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

A cheap valuation may be justified as JBGS's earnings are expected to decrease with -16.02% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-16.02%
EPS Next 3YN/A

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2

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.52%, JBGS has a reasonable but not impressive dividend return.
JBGS's Dividend Yield is slightly below the industry average, which is at 6.39.
JBGS's Dividend Yield is a higher than the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 3.52%

5.2 History

The dividend of JBGS decreases each year by -7.39%.
JBGS has been paying a dividend for over 5 years, so it has already some track record.
JBGS has decreased its dividend recently.
Dividend Growth(5Y)-7.39%
Div Incr Years1
Div Non Decr Years1
JBGS Yearly Dividends per shareJBGS Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

The earnings of JBGS are negative and hence is the payout ratio. JBGS will probably not be able to sustain this dividend level.
JBGS's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-37.15%
EPS Next 2Y-16.02%
EPS Next 3YN/A
JBGS Yearly Income VS Free CF VS DividendJBGS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M -300M -400M

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JBG SMITH PROPERTIES

NYSE:JBGS (8/8/2025, 8:04:00 PM)

After market: 19.53 0 (0%)

19.53

-0.38 (-1.91%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-29 2025-07-29/amc
Earnings (Next)10-27 2025-10-27
Inst Owners128.27%
Inst Owner Change-2.78%
Ins Owners0.2%
Ins Owner Change0.28%
Market Cap1.21B
Analysts42.5
Price Target17.85 (-8.6%)
Short Float %14.95%
Short Ratio8.08
Dividend
Industry RankSector Rank
Dividend Yield 3.52%
Yearly Dividend0.69
Dividend Growth(5Y)-7.39%
DP-37.15%
Div Incr Years1
Div Non Decr Years1
Ex-Date08-07 2025-08-07 (0.175)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)54.61%
Min EPS beat(2)-30.72%
Max EPS beat(2)139.94%
EPS beat(4)2
Avg EPS beat(4)8.46%
Min EPS beat(4)-85.76%
Max EPS beat(4)139.94%
EPS beat(8)4
Avg EPS beat(8)-29.21%
EPS beat(12)6
Avg EPS beat(12)7.72%
EPS beat(16)9
Avg EPS beat(16)81.21%
Revenue beat(2)0
Avg Revenue beat(2)-13.76%
Min Revenue beat(2)-16.37%
Max Revenue beat(2)-11.15%
Revenue beat(4)0
Avg Revenue beat(4)-15.26%
Min Revenue beat(4)-17.51%
Max Revenue beat(4)-11.15%
Revenue beat(8)1
Avg Revenue beat(8)-7.78%
Revenue beat(12)1
Avg Revenue beat(12)-8.95%
Revenue beat(16)1
Avg Revenue beat(16)-8.52%
PT rev (1m)16.67%
PT rev (3m)16.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.08%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.52%
Revenue NQ rev (1m)2.2%
Revenue NQ rev (3m)-4%
Revenue NY rev (1m)-1.64%
Revenue NY rev (3m)-5.16%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.35
P/FCF N/A
P/OCF 12.01
P/B 0.91
P/tB 0.95
EV/EBITDA 17.57
EPS(TTM)-1.38
EYN/A
EPS(NY)-1.98
Fwd EYN/A
FCF(TTM)-1.77
FCFYN/A
OCF(TTM)1.63
OCFY8.32%
SpS8.33
BVpS21.43
TBVpS20.58
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.38%
ROE -11.61%
ROCE 0.09%
ROIC 0.07%
ROICexc 0.08%
ROICexgc 0.08%
OM 0.81%
PM (TTM) N/A
GM 50.28%
FCFM N/A
ROA(3y)-0.99%
ROA(5y)-1.07%
ROE(3y)-2.88%
ROE(5y)-2.7%
ROIC(3y)0.37%
ROIC(5y)N/A
ROICexc(3y)0.39%
ROICexc(5y)N/A
ROICexgc(3y)0.4%
ROICexgc(5y)N/A
ROCE(3y)0.47%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-29%
ROICexc growth 3YN/A
ROICexc growth 5Y-29.03%
OM growth 3YN/A
OM growth 5Y-29.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.26%
GM growth 5Y-0.13%
F-Score4
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF N/A
Debt/EBITDA 12.03
Cap/Depr 103.63%
Cap/Sales 40.8%
Interest Coverage 0.03
Cash Conversion 48.58%
Profit Quality N/A
Current Ratio 1.9
Quick Ratio 1.9
Altman-Z 0.04
F-Score4
WACC6.49%
ROIC/WACC0.01
Cap/Depr(3y)148.41%
Cap/Depr(5y)152.09%
Cap/Sales(3y)54.34%
Cap/Sales(5y)56.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%181.48%
EPS Next Y-43.63%
EPS Next 2Y-16.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.34%
Revenue growth 3Y-4.8%
Revenue growth 5Y-3.32%
Sales Q2Q%-5.36%
Revenue Next Year-9.92%
Revenue Next 2Y-4.05%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-82.53%
EBIT growth 3YN/A
EBIT growth 5Y-31.53%
EBIT Next Year2888.93%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y62.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-37.21%
OCF growth 3Y-15.91%
OCF growth 5Y-5.75%