JBGS Stock Analysis: JBG SMITH Properties | NYSE
REIT - Diversified | NYSE, USA | Market Cap: 843m USD | 12M Return: -43.9% | US46590V1008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.2M
Rev. Trend: -95.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
JBG SMITH Properties (NYSE: JBGS) is a small-cap U.S. REIT that owns, operates, and develops mixed-use properties-spanning multifamily, office, and retail-primarily in amenity-rich, Metro-served submarkets in and around Washington, DC. Its flagship area is National Landing, where the company focuses on placemaking to create vibrant, walkable neighborhoods. Established in 2016 and incorporated in Maryland, JBGS went public in July 2017 and operates within the diversified REIT sub-industry of the broader real estate sector. As a REIT, the company benefits from a pass-through tax structure that generally exempts distributed income from corporate taxation, provided it meets distribution and asset-income tests-a defining feature of the U.S. REIT business model.
- DC office occupancy pressured by federal agency downsizing and remote work
- National Landing development pipeline anchored by Amazon HQ2 expansion
- Multifamily rental growth offsets office weakness in DC metro
| Net Income: -152.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 2.05 > 1.0 |
| NWC/Revenue: -2.57% < 20% (prev -13.84%; Δ 11.27% < -1%) |
| CFO/TA 0.02 > 3% & CFO 64.5m > Net Income -152.0m |
| Net Debt (2.54b) to EBITDA (136.2m): 18.63 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.3m) vs 12m ago -14.65% < -2% |
| Gross Margin: 20.31% > 18% (prev 50.28%; Δ -29.97% > 0.5%) |
| Asset Turnover: 11.54% > 50% (prev 11.30%; Δ 0.24% > 0%) |
| Interest Coverage Ratio: -0.42 > 6 (EBIT TTM -54.6m / Interest Expense TTM 129.9m) |
| A: -0.00 (Total Current Assets 262.6m - Total Current Liabilities 275.6m) / Total Assets 4.26b |
| B: -0.30 (Retained Earnings -1.27b / Total Assets 4.26b) |
| C: -0.01 (EBIT TTM -54.6m / Avg Total Assets 4.41b) |
| D: 0.40 (Book Value of Equity 1.07b / Total Liabilities 2.69b) |
| Altman-Z'' = -0.66 = B |
| DSRI: 1.09 (Receivables 212.9m/197.1m, Revenue 508.4m/514.0m) |
| GMI: 2.48 (GM 50.28% / 20.31%) |
| AQI: 0.99 (AQ_t 0.93 / AQ_t-1 0.94) |
| SGI: 0.99 (Revenue 508.4m / 514.0m) |
| TATA: -0.05 (NI -152.0m - CFO 64.5m) / TA 4.26b) |
| Beneish M = -1.63 (Cap -4..+1) = CCC |
As of October 16, 2026, the stock is trading at USD 11.08 with a total of 944,076 shares traded. Over the past week, the price has changed by +0.54%, over one month by -0.45%, over three months by -24.26% and over the past year by -43.94%.
Current recommended Stop Loss: 10.60 (which is 4.3% or 1.4 ATR below the current price).
JBG SMITH Properties has received a consensus analysts rating of 1.67. Therefore, it is recommended to sell JBGS.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 2
| Analysts Target Price | 12 | 8.3% |
P/S = 1.6676
P/B = 0.585
Revenue TTM = 508.4m USD
EBIT TTM = -54.6m USD
EBITDA TTM = 136.2m USD
Long Term Debt = 2.32b USD (from longTermDebt, last quarter)
Short Term Debt = 210.0m USD (from shortTermDebt, last quarter)
Debt = 2.61b USD (from shortLongTermDebtTotal, last quarter) + Leases 39.4m
Net Debt = 2.54b USD (calculated: Debt 2.61b - CCE 74.8m)
Enterprise Value = 3.38b USD (843.4m + Debt 2.61b - CCE 74.8m)
Interest Coverage Ratio = -0.42 (Ebit TTM -54.6m / Interest Expense TTM 129.9m)
EV/FCF = 135.6x (Enterprise Value 3.38b / FCF TTM 24.9m)
FCF Yield = 0.74% (FCF TTM 24.9m / Enterprise Value 3.38b)
FCF Margin = 4.90% (FCF TTM 24.9m / Revenue TTM 508.4m)
Net Margin = -29.89% (Net Income TTM -152.0m / Revenue TTM 508.4m)
Gross Margin = 20.31% ((Revenue TTM 508.4m - Cost of Revenue TTM 405.1m) / Revenue TTM)
Gross Margin QoQ = -6.55% (prev -8.83%)
Tobins Q-Ratio = 0.79 (Enterprise Value 3.38b / Total Assets 4.26b)
Interest Expense / Debt = 4.98% (Interest Expense 129.9m / Debt 2.61b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -43.2m (EBIT -54.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.95 (Total Current Assets 262.6m / Total Current Liabilities 275.6m)
Debt / Equity = 2.45 (Debt 2.61b / totalStockholderEquity, last quarter 1.07b)
Debt / EBITDA = 18.63 (Net Debt 2.54b / EBITDA 136.2m)
Debt / FCF = 101.8 (Net Debt 2.54b / FCF TTM 24.9m)
Total Stockholder Equity = 1.14b (last 4 quarters mean from totalStockholderEquity)
RoA = -3.45% (Net Income -152.0m / Total Assets 4.26b)
RoE = -13.35% (Net Income TTM -152.0m / Total Stockholder Equity 1.14b)
RoCE = -1.58% (EBIT -54.6m / Capital Employed (Equity 1.14b + L.T.Debt 2.32b))
RoIC = -1.04% (negative operating profit) (NOPAT -43.2m / Invested Capital 4.17b)
WACC = 4.52% (E(843.4m)/V(3.45b) * Re(6.36%) + D(2.61b)/V(3.45b) * Rd(4.98%) * (1-Tc(0.21)))
Discount Rate = 6.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.25 | Cagr: -18.61%
[DCF] Terminal Value 75.44% ; FCFF base≈24.9m ; Y1≈25.0m ; Y5≈26.5m
[DCF] Fair Price = N/A (negative equity: EV 412.3m - Net Debt 2.54b = -2.12b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -95.54 | Revenue CAGR: -7.76% | SUE: 0.56 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+2.6%