JBG SMITH Properties (JBGS) Stock

JBG SMITH Properties (JBGS) is a Real Estate stock trading at $12.51 (as of 2026-08-21), with a market capitalization of $728.84M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

JBG 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.

Understand JBG SMITH Properties: how it makes money

JBG SMITH owns, operates, invests in, and develops mixed-use real estate around Washington, DC, earning money primarily from its property portfolio (office, multifamily, and retail) and from third-party real estate services and asset management.

Profitability is driven by how fully JBG SMITH can lease its owned portfolio (office and multifamily occupancy and leased percentages), while a smaller portion of revenue comes from third-party real estate services and asset management.

Revenue by segment (latest quarter)
3P RE Svcs$0.0B
3P Asset Mgt$0.0B
Other$0.1B

Business quality (Weak): The company provides operating metrics centered on occupancy and leasing, but the available segment revenue detail does not fully explain total revenue (0.1B), so the revenue mix beyond the listed third-party lines is not fully transparent.

Bull case

  • Portfolio performance metrics are tracked across both multifamily and commercial, indicating management focuses on leasing and occupancy outcomes: Operating Multifamily Portfolio Occupancy Rate is 84.5%, and Operating Commercial Portfolio Occupancy Rate is 75.2% (2026-03-31).
  • Development activity could expand future rental and/or service revenue capacity: The company reports Multifamily Assets Under Construction Units at Our Share of 775.0 and Valen Units Placed into Service of 355.0 (2026-03-31).
  • The business includes a third-party services and asset management component that can diversify revenue beyond owned properties: Revenue From Third-Party Real Estate Services Including Reimbursements is 0.02B, and Third-Party Asset Management and Real Estate Services Business Revenue is 0.01B (2026-03-31).

Bear case

  • Near-term profitability is weak based on the reported operating margin: Operating margin is -18.1% (2026-03-31).
  • Leasing and occupancy levels are not uniform across property types, which can pressure blended results: Operating Commercial Portfolio Occupancy Rate (75.2%) is lower than Operating Multifamily Portfolio Occupancy Rate (84.5%) (2026-03-31).
  • Revenue from third-party asset management and real estate services appears relatively small versus total revenue: Third-party service revenue shown totals 0.02B to 0.03B range within the provided lines, while total revenue is 0.1B (2026-03-31).
Valuation — source: SEC EDGAR (first-party)
Price$12.51
Market Cap$728.84M
EV / EBITDA279.0
Price / Book0.68
Price / Sales1.43
DCF Value (model)$32.65
DCF Upside vs Price161.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$498.60M
Net Margin-27.9%
Revenue Growth (YoY)2.3%
EPS Growth (YoY)255.2%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($161.51M)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorReal Estate
IndustryTrading
CEOW. Matthew Kelly
Employees645
CountryUS
IPO Date2017-07-06

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JBGS earnings history · JBGS institutional & insider holders · JBGS KPIs & operating metrics · JBGS financials · JBGS investor presentations & press releases · JBGS SEC filings · JBGS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.