📊 JBGS Key Takeaways
Is JBGS a Good Investment? Thesis Analysis
JBG SMITH Properties demonstrates severe operational distress with negative net income of $139.1M, negative operating margins of -34.5%, and deteriorating revenue down 8.9% YoY. Despite marginal FCF of $73.3M, the company's high leverage (2.20x Debt/Equity) combined with negative interest coverage (-5.7x) indicates potential debt service stress and unsustainable capital structure for a REIT.
Why Buy JBGS? Key Strengths
- Positive operating cash flow of $73.3M provides minimal liquidity buffer
- Positive free cash flow of $73.3M with 14.7% FCF margin shows some operational cash generation
- Moderate insider activity with 8 Form 4 filings suggests ongoing stakeholder engagement
JBGS Investment Risks to Consider
- Severe profitability crisis with -$139.1M net loss and -27.9% net margin indicates fundamental operational failure
- Negative operating income of -$171.9M and -34.5% operating margin suggest core business is unprofitable
- Dangerous leverage position with 2.20x Debt/Equity ratio and negative interest coverage ratio of -5.7x indicates potential covenant violations and refinancing risk
- Declining revenue trajectory of -8.9% YoY coupled with losses raises questions about asset quality and market demand
- High long-term debt of $2.5B relative to equity of $1.2B creates significant financial distress risk
Key Metrics to Watch
- Quarterly operating margin trend and path to profitability
- Revenue stabilization and organic growth indicators
- Debt covenant compliance and refinancing activities
- Operating cash flow sustainability and capital expenditure requirements
- Same-store NOI growth and occupancy rates for real estate portfolio
JBGS Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
JBGS Profitability Ratios
JBGS vs Default Sector
How JBG SMITH Properties compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is JBGS Overvalued or Undervalued?
Based on fundamental analysis, JBG SMITH Properties shows some fundamental concerns relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
JBGS Balance Sheet & Liquidity
JBGS 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: JBG SMITH Properties's revenue has remained relatively flat over the 5-year period, with a 7% decline. The most recent EPS of $-0.78 indicates the company is currently unprofitable.
JBGS Growth Metrics (YoY)
JBGS Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $123.9M | -$27.0M | $-0.32 |
| Q2 2025 | $126.5M | -$19.2M | $-0.27 |
| Q1 2025 | $120.7M | -$32.3M | $-0.36 |
| Q3 2024 | $136.0M | -$27.0M | $-0.32 |
| Q2 2024 | $135.3M | -$10.5M | $0.09 |
| Q1 2024 | $145.2M | $21.2M | $0.19 |
| Q3 2023 | $147.6M | -$19.3M | $-0.17 |
| Q2 2023 | $145.5M | -$10.5M | $0.09 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
JBGS Capital Allocation
JBGS SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for JBG SMITH Properties (CIK: 0001689796)
📋 Recent SEC Filings
❓ Frequently Asked Questions about JBGS
What is the AI rating for JBGS?
JBG SMITH Properties (JBGS) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are JBGS's key strengths?
Claude: Positive operating cash flow of $73.3M provides minimal liquidity buffer. Positive free cash flow of $73.3M with 14.7% FCF margin shows some operational cash generation.
What are the risks of investing in JBGS?
Claude: Severe profitability crisis with -$139.1M net loss and -27.9% net margin indicates fundamental operational failure. Negative operating income of -$171.9M and -34.5% operating margin suggest core business is unprofitable.
What is JBGS's revenue and growth?
JBG SMITH Properties reported revenue of $498.6M.
Does JBGS pay dividends?
JBG SMITH Properties pays dividends, with $48.4M distributed to shareholders in the trailing twelve months.
Where can I find JBGS SEC filings?
Official SEC filings for JBG SMITH Properties (CIK: 0001689796) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is JBGS's EPS?
JBG SMITH Properties has a diluted EPS of $-2.09.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is JBGS a good stock to buy right now?
Based on our AI fundamental analysis in March 2026, JBG SMITH Properties has a STRONG SELL rating with 92% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is JBGS stock overvalued or undervalued?
Valuation metrics for JBGS: ROE of -12.0% (sector avg: 15%), net margin of -27.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy JBGS stock in 2026?
Our dual AI analysis gives JBG SMITH Properties a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is JBGS's free cash flow?
JBG SMITH Properties's operating cash flow is $73.3M, with capital expenditures of N/A. FCF margin is 14.7%.
How does JBGS compare to other Default stocks?
Vs Default sector averages: Net margin -27.9% (avg: 12%), ROE -12.0% (avg: 15%), current ratio N/A (avg: 1.8).