JBG SMITH Properties (JBGS) Stock Price & Analysis
JBG SMITH Properties (JBGS) closed at USD 11.39 on Thursday, October 22, 2026, up 6.35% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 10.71; the Oct 22, 2026 session ranged USD 10.78–11.47 on volume of 603,508 shares. Market capitalization is $879.65M, with a 52-week range of USD 9.93–21.86 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/JBGS.md
Key facts (JBGS)
- Last four reported quarters (through Jun 30, 2026): revenue $508M, net income -$152M (-29.9% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $300K; 1 not under a Rule 10b5-1 plan ($300K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Sell (mean 3.67 on a 1–5 scale) (3 analysts), mean target USD 12 (range 12–12).
- Total return with dividends: 1Y -44.8% vs S&P 500 +14.9%; 5Y -51.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD —, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (JBGS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $634M | $606M | $604M | $547M | $499M | $508M |
| Net income | -$79.3M | $85.4M | -$80.0M | -$144M | -$139M | -$152M |
| EPS (diluted) | -$0.63 | $0.70 | -$0.78 | -$1.65 | -$2.09 | — |
| Net margin | -12.5% | 14.1% | -13.2% | -26.2% | -27.9% | -29.9% |
| Revenue growth | +5.2% | -4.5% | -0.3% | -9.4% | -8.9% | — |
| Cash + short-term investments | $264M | $241M | $165M | $146M | $75.3M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (JBGS)
P/S 1.7x · P/B 0.8x · Earnings yield -17.27% · Dividend yield (paid, TTM) 4.76% · Buyback yield (TTM) 11.28%
Insider sales (SEC Form 4, open-market, last ~7 months) (JBGS)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-08 | Museles Steven A | Chief Legal Off. & Corp. Secy | 20,010 | $300K | 100% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (JBGS)
Consensus Sell (mean 3.67 on a 1–5 scale), 3 analysts; mean target USD 12 (low 12, high 12).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-21 | Evercore ISI Group | Target lowered | Underperform | $13 → $12 |
| 2026-08-11 | Evercore ISI Group | Target lowered | Underperform | $15 → $13 |
Total return (dividends reinvested) (JBGS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -44.8% | -51.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -44.9% | -13.6% |
| Volatility (annualized) | 34.8% | 32.5% |
| Max drawdown | -51.4% (Oct 2025→Sep 2026) | -57.7% (Jan 2022→Sep 2026) |
JBGS company outlook (results filed Aug 10, 2026)
- “The entire forward pipeline, inclusive of 2026 deliveries, is just over 9,000 units expected to deliver through 2028, representing just over 1.6% of regional inventory.”
- “The spread between our leased and occupied percentages represents approximately $12.7 million of contractual annualized rent, which is expected to commence over the next 12 months.”
- “We expect our tenant retention rate to improve, as defense-tech tenants comprise approximately 70% of the portfolio's tenancy.”
- “We contributed 2200 Crystal Drive to the real estate venture, and our venture partner has committed to contribute the equity required to fund the construction for a 70.0% interest, which is expected to reduce our ownership interest from 100.0% at the formation of the real estate venture to 30.0% when all contributions are funded.”
Quoted word-for-word from the SEC 8-K results press release.
JBGS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends Dec 2026) | — | — | — | $448.5M | — |
| Next fiscal year (ends Dec 2027) | — | — | — | $460.2M | — |
Key Statistics (as of October 23, 2026 at 10:11 UTC)
| Price | USD 11.39 |
|---|---|
| Change | ▲ 6.35% (up) |
| Previous Close | USD 10.71 |
| Open | USD 10.78 |
| Day Range | USD 10.78 – 11.47 |
| 52-Week Range | USD 9.93 – 21.86 |
| Volume | 603,508 shares |
| Market Cap | $879.65M |
| Exchange | NYQ |
Technical Analysis (JBGS)
Nexqual's technical model rates JBGS "NEUTRAL" based on 3 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 10:11 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 55.91 (neutral) |
| vs SMA50 | Above (USD 11.29) |
| MACD | -0.05 (negative) |
Analyst Ratings (JBGS)
Wall Street analysts rate JBGS "Sell" based on 3 analysts, with a mean price target of USD 12 (range USD 12–12), per Nexqual as of October 23, 2026 at 10:11 UTC.
| Consensus Rating | Sell |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 12 |
| High Target | USD 12 |
| Low Target | USD 12 |
| Buy / Hold / Sell | 0 / 1 / 2 |
Earnings (JBGS)
| Next Earnings Date | 2026-11-03 |
|---|
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financials & Fundamentals (JBGS)
| Total Revenue | $505.73M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.00% |
| Gross Margin | +48.93% |
| Operating Margin | +3.07% |
| Profit Margin | -30.05% |
| ROE | -10.86% |
| Debt / Equity | 1.64 |
| Current Ratio | 1.15 |
| Total Cash | $74.80M |
| Total Debt | $2.58B |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financial Health Score (JBGS)
Nexqual rates JBG SMITH Properties's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:11 UTC.
| Growth | Weak — Revenue -9% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 49%, operating 3% (last 12 months) |
| Balance Sheet | Weak — $75M cash vs $2.58B debt |
| Cash Flow | Solid — Operating cash flow $73M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -11%, ROA 0.1% |
Ownership (JBGS)
| Insider Ownership | +0.50% |
|---|---|
| Institutional Ownership | +101.31% |
| Shares Outstanding | 58.58M |
| Float | 54.15M |
| Short % of Float | +30.68% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Leadership (JBGS)
JBG SMITH Properties is led by W. Matthew Kelly, Chairman of the Board of Trustees and CEO, per Nexqual as of October 23, 2026 at 10:11 UTC.
| Chairman of the Board of Trustees and CEO | W. Matthew Kelly |
|---|---|
| Co-President & Chief Investment Officer | George Laucks Xanders |
| Chief Strategy Officer | Evan Regan-Levine |
| Executive Vice President of Portfolio Management & Investor Relations | Kevin Connolly |
| Managing Director of Media | Bud Perrone |
Major Backers & Investors (JBGS)
Notable institutional backers of JBG SMITH Properties include Long Pond Capital, LP, Morgan Stanley, Citigroup Inc., according to Nexqual as of October 23, 2026 at 10:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Long Pond Capital, LP | 6.87% |
| Morgan Stanley | 6.73% |
| Citigroup Inc. | 4.94% |
| Private Management Group, Inc. | 2.86% |
| Charles Schwab Investment Management, Inc. | 2.48% |
| PIMCO Equity Series-PIMCO RAE US Small Fund | 1.35% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 19.11% |
| Vanguard Group | 14.97% |
| State Street | 6.19% |
| Geode Capital | 3.01% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
From JBG SMITH Properties's Latest SEC 10-K Filing (filed 2026-02-17)
Key Strengths & Strategy (as disclosed to the SEC)
- We, alongside Amazon, Virginia Tech, and federal, state, and local governments plan to invest over $12.0 billion, including infrastructure investments, that will directly benefit National Landing.
- Amazon currently occupies two office buildings that we developed for them on Metropolitan Park in National Landing, totaling 2.1 million square feet, inclusive of approximately 50,000 square feet of street-level retail with shops and restaurants.
- We believe that the fees we earn in connection with providing these third-party services enhance our overall returns, provide additional scale and efficiency in our operating and development businesses and absorb a portion of the overhead and other administrative costs of our platform.
- In 2025, we developed risk mitigation and physical resilience plans for all assets taking into account the outputs from the Climanomics tool.
Legal & Regulatory Risks (Item 1A, quoted)
- The occurrence of cyber incidents, or a deficiency in our cybersecurity, or the cybersecurity of our service providers, could negatively impact our business by causing a disruption to our operations, a compromise or corruption of our confidential information, regulatory enforcement and other legal proceedings, and/or damage to our business relationships, all of which could negatively impact our financial results.
- We may incur significant costs to comply with environmental laws, and environmental contamination may impair our ability to lease, develop and/or sell real estate.
- Changes in tax laws could negatively impact us.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SAFE | Safehold Inc. New | USD 11.33 | ▲ 6.29% |
| CTO | CTO Realty Growth, Inc. | USD 20.25 | ▲ 3.42% |
| AHRT | AH Realty Trust, Inc. | USD 6.14 | ▲ 3.54% |
| GOOD | Gladstone Commercial Corporatio | USD 12 | ▲ 3.18% |
| FVR | FrontView REIT, Inc. | USD 17.76 | ▲ 3.14% |
| ESRT | Empire State Realty Trust, Inc. | USD 4.93 | ▲ 5.57% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:11 UTC. This page is informational and not investment advice.
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