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MARKETS / NYSE / JBGS
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

JBG Smith Properties JBGS

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$498.6M
▼ 8.9% YoY
$-139.1M
$33.0M
In brief

What this company does

JBG SMITH owns, operates and develops mixed-use properties concentrated in submarkets in and around Washington, D.C., most notably National Landing, and its third-party real estate services business provides fee-based real estate services. As of December 31, 2025, its Operating Portfolio consisted of 39 operating assets, comprising 15 multifamily assets totaling 6,519 units, 22 commercial assets totaling 7.3 million square feet, and two wholly owned land assets for which it is the ground lessor. Its development pipeline totaled 4.9 million square feet of estimated potential development density. Almost 80.0% of its portfolio is located in National Landing. As of December 31, 2025, it had 596 employees. Substantially all of its assets are held by, and its operations are conducted through, JBG SMITH LP, of which JBG SMITH, as sole general partner, controlled and owned 82.0% of its OP Units as of December 31, 2025. It operates in the following business segments: multifamily, commercial and third-party real estate services.

Written from the business description in JBG SMITH PROPERTIES's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth
USD 498.6M
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2025 · Revenue 498.6 · Net income -139.1
250.0M500.0M-50.0M-100.0M201520172019202120232025
Compound annual growth
−6.3%
−3.7%
+0.6%
−8.0%
−4.9%
+1.6%
+17.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −3.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−34 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -34.5% · Net -33.7%
10%20%-10%-20%-30%201520172019202120232025
ROE
FY2025 · ROE -7.7%
1%2%3%-2%-4%-6%201520172019202120232025

Each USD of equity lost 8 cents this year.

Cash & shareholders
USD 492.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 33.0
80M160M-50M-100M201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 48.4 · Net buybacks 443.7
200M400MDividendsNet buybacks2016201720182019202020212022202320242025

USD 48.4M in dividends and USD 443.7M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 4.4B
CashUSD 75.3M
Gross debtUSD 1.6B
Net debtUSD 1.5B

Not available: we don't have the shareholders' equity figure for this period.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B0.50.50.60.60.60.60.60.60.50.50.5
Operating income $B−0.2−0.2−0.10.1−0.1−0.10.10.0−0.10.10.1
EBITDA $B0.00.00.10.30.20.20.30.30.10.20.2
Income tax $B−0.00.0−0.00.00.0−0.0−0.0−0.0−0.00.00.0
Net income $B−0.1−0.1−0.10.1−0.1−0.10.10.0−0.10.10.0
Free cash flow $B0.0·0.20.10.00.10.00.2−0.1−0.1−0.1
EPS, diluted $−2.09−1.65−0.780.70−0.63−0.490.480.31−0.700.620.49
Dividend / sh $0.700.880.680.900.900.900.901.000.450.000.00
Payout %−35−43−118126−149−193198269−370·
ROE %−7.7−7.1−3.33.1−2.6−1.92.11.3−2.82.9·
Shares out B·0.080.090.110.130.130.130.120.12··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 32 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 25 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2015

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