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JBG SMITH Properties (JBGS)

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Upturn Advisory Summary
01/08/2026: JBGS (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $18
1 Year Target Price $18
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 1.21% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.10B USD | Price to earnings Ratio - | 1Y Target Price 18 |
Price to earnings Ratio - | 1Y Target Price 18 | ||
Volume (30-day avg) 3 | Beta 1.12 | 52 Weeks Range 12.76 - 23.83 | Updated Date 11/29/2025 |
52 Weeks Range 12.76 - 23.83 | Updated Date 11/29/2025 | ||
Dividends yield (FY) 3.89% | Basic EPS (TTM) -2.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -30.61% | Operating Margin (TTM) -0.88% |
Management Effectiveness
Return on Assets (TTM) -0.05% | Return on Equity (TTM) -8.92% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 3445940562 | Price to Sales(TTM) 2.16 |
Enterprise Value 3445940562 | Price to Sales(TTM) 2.16 | ||
Enterprise Value to Revenue 6.87 | Enterprise Value to EBITDA 23.79 | Shares Outstanding 59181298 | Shares Floating 55088911 |
Shares Outstanding 59181298 | Shares Floating 55088911 | ||
Percent Insiders 0.18 | Percent Institutions 108.75 |
Upturn AI SWOT
JBG SMITH Properties

Company Overview
History and Background
JBG SMITH Properties (NYSE: JBGS) is a real estate investment trust (REIT) that owns, develops, and manages a portfolio of office, multifamily, and retail properties. The company was formed in 2016 as a spin-off from The JBG Companies, a privately held real estate investment firm founded in 1960. JBG SMITH focuses primarily on the Washington, D.C. metropolitan area, with a strong emphasis on transit-oriented development. Key milestones include its IPO in 2016 and subsequent strategic acquisitions and dispositions to refine its portfolio.
Core Business Areas
- Office Properties: Development, ownership, and management of Class A office buildings, often located in prime urban and suburban submarkets.
- Multifamily Properties: Ownership and management of apartment buildings, providing residential rental services.
- Retail Properties: Ownership and management of retail spaces, typically integrated within its office and multifamily developments, serving local communities and enhancing property amenities.
Leadership and Structure
JBG SMITH Properties is led by a seasoned management team with extensive experience in real estate investment and development. The company operates as a publicly traded REIT, subject to oversight by a Board of Directors. Key leadership roles typically include a Chief Executive Officer, Chief Financial Officer, and heads of development, leasing, and operations.
Top Products and Market Share
Key Offerings
- Office Space Leasing: Leasing of premium office spaces in the Washington D.C. metropolitan area. Market share data for specific submarkets is proprietary but the company is a significant player in the D.C. office market. Competitors include numerous REITs and private real estate firms operating in the D.C. area.
- Multifamily Rentals: Providing rental units in well-located apartment buildings. Market share within specific D.C. submarkets varies. Competitors include other multifamily REITs and private apartment operators.
Market Dynamics
Industry Overview
The real estate industry, particularly for office and multifamily properties, is influenced by economic conditions, interest rates, employment trends, and evolving work-from-home policies. The D.C. market is characterized by a strong government presence, a robust tech sector, and significant transit-oriented development potential.
Positioning
JBG SMITH Properties is well-positioned as a leading owner and developer of Class A office and multifamily properties in the Washington, D.C. metropolitan area. Its strategic focus on transit-oriented development and prime locations provides a competitive advantage.
Total Addressable Market (TAM)
The total addressable market for office and multifamily real estate in the Washington D.C. metropolitan area is substantial, estimated in the hundreds of billions of dollars. JBG SMITH's TAM is focused on its specific geographic concentration and property types, where it holds a significant share in its target submarkets.
Upturn SWOT Analysis
Strengths
- Strong focus on the Washington D.C. metropolitan area, a resilient market.
- Extensive portfolio of well-located, high-quality office and multifamily assets.
- Expertise in transit-oriented development.
- Strong relationships with tenants and local government.
- Experienced management team.
Weaknesses
- Geographic concentration can expose the company to regional economic downturns.
- Reliance on the office sector, which is undergoing structural changes.
- High debt levels can impact financial flexibility.
- Sensitivity to interest rate fluctuations.
Opportunities
- Continued growth in D.C.'s technology and life sciences sectors.
- Repurposing of existing assets to meet evolving tenant needs.
- Potential for new development projects in prime locations.
- Strategic acquisitions to expand or diversify the portfolio.
- Increased demand for amenity-rich, transit-accessible living and working spaces.
Threats
- Economic recession impacting demand for office and residential space.
- Increased competition from other REITs and private developers.
- Rising interest rates increasing borrowing costs.
- Changes in regulatory or tax policies.
- Persistent shifts towards remote and hybrid work models impacting office demand.
Competitors and Market Share
Key Competitors
- Boston Properties (BXP)
- Piedmont Office Realty Trust, Inc. (PDM)
- Kilroy Realty Corporation (KRC)
- SL Green Realty Corp. (SLG)
Competitive Landscape
JBG SMITH competes in a highly competitive real estate market. Its advantages lie in its deep market knowledge of the D.C. area, prime locations, and established tenant relationships. Disadvantages may include the relative scale compared to larger, more diversified REITs and exposure to the specific dynamics of the D.C. market.
Growth Trajectory and Initiatives
Historical Growth: The company's growth has been driven by strategic acquisitions, development projects, and rent escalations in its portfolio. Its evolution from The JBG Companies has shaped its current trajectory.
Future Projections: Future growth is expected to be driven by the continued development of its pipeline, strategic leasing efforts, and potential acquisitions. Analyst estimates would provide insights into projected revenue and earnings growth.
Recent Initiatives: Recent initiatives likely include ongoing development projects, portfolio optimization through acquisitions and dispositions, and efforts to adapt its office portfolio to hybrid work trends, possibly through enhancing amenities and flexibility.
Summary
JBG SMITH Properties is a significant player in the Washington D.C. real estate market, with a strong focus on office and multifamily properties. Its strategic positioning in transit-oriented developments and prime locations are key strengths. However, the company faces threats from economic headwinds and the evolving nature of office work. Continued investment in its development pipeline and portfolio adaptation will be crucial for future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- JBG SMITH Properties Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Reports
- Financial Data Providers
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Data is based on publicly available information and may not be exhaustive or entirely up-to-date. Investors should conduct their own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About JBG SMITH Properties
Exchange NYSE | Headquaters Bethesda, MD, United States | ||
IPO Launch date 2017-07-11 | CEO & Trustee Mr. W. Matthew Kelly | ||
Sector Real Estate | Industry REIT - Office | Full time employees 645 | Website https://www.jbgsmith.com |
Full time employees 645 | Website https://www.jbgsmith.com | ||
JBG SMITH owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, that we believe have long-term growth potential and appeal to residential, office, and retail tenants. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, highly amenitized, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's headquarters; Virginia Tech's$1 billion Innovation Campus; proximity to the Pentagon; and our placemaking initiatives and public infrastructure improvements. JBG SMITH's dynamic portfolio currently comprises 11.8 million square feet at share of multifamily, office and retail assets, 98% of which are Metro-served. It also maintains a development pipeline encompassing 8.7 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings.

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