Wednesday 4 November 2026
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JBG SMITH Properties
JBGS Real Estate Reit Diversified
JBG SMITH Properties' revenue for fiscal 2025 (year ended December 2025) was $498.6 million, down 8.90% from fiscal 2024.
- Revenue
- +2.29%
- EPS
- −255.2%
- Free cash flow
- +71.9%
- Total debt
- +1.83%
Quarter to June 2026, against a year earlier
12.37
0.65
+5.55%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 7 | 7 | 3 | 6 | 6 | 5 | 4 | 4 |
P/E ratio |
51.31 | 0.00 | 112.29 | 82.30 | 0.00 | 0.00 | 27.85 | 0.00 | 0.00 | 0.00 |
P/S ratio |
6.75 | 6.69 | 6.44 | 8.05 | 6.92 | 5.92 | 3.72 | 2.99 | 2.48 | 2.30 |
P/FCF ratio |
15.23 | 0.00 | 0.00 | 0.00 | 0.00 | 84.52 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
96.78 | 71.55 | 80.50 | 84.98 | 101.37 | 59.43 | 47.28 | 26.41 | 32.17 | 35.11 |
P/B ratio |
1.48 | 1.22 | 1.39 | 1.54 | 1.30 | 1.28 | 0.83 | 0.80 | 0.75 | 0.99 |
Price to Tangible BV |
1.48 | 1.22 | 1.39 | 1.57 | 1.33 | 1.37 | 0.85 | 0.82 | 0.77 | 1.02 |
EV/Sales |
9.05 | 10.10 | 9.13 | 10.33 | 9.79 | 9.35 | 7.29 | 6.90 | 6.84 | 7.11 |
EV/EBITDA |
20.73 | 47.45 | 24.00 | 29.92 | 30.37 | 25.12 | 18.36 | 16.32 | 16.84 | 17.58 |
EV/Operating CF |
30.37 | 73.92 | 31.27 | 38.47 | 34.92 | 27.25 | 24.81 | 22.74 | 28.94 | 48.39 |
EV/FCF |
20.43 | (40.20) | (29.76) | (25.07) | (42.62) | 133.44 | (29.70) | (27.73) | (42.25) | (72.33) |
Quick Ratio |
6.78 | 3.84 | 4.50 | 2.32 | 4.75 | 5.08 | 3.63 | 3.33 | 3.73 | 3.63 |
Current Ratio |
6.78 | 3.84 | 4.50 | 2.32 | 4.75 | 5.08 | 3.63 | 3.33 | 3.73 | 3.63 |
Net Debt/EBITDA |
4.53 | 16.00 | 7.08 | 6.62 | 8.89 | 9.21 | 8.99 | 9.24 | 10.74 | 11.90 |
Debt/Assets |
31.83% | 36.04% | 35.61% | 27.11% | 32.76% | 38.78% | 41.29% | 46.43% | 51.19% | 57.03% |
Debt/Equity |
0.55 | 0.74 | 0.71 | 0.48 | 0.62 | 0.84 | 0.90 | 1.14 | 1.42 | 2.16 |
Asset Turnover |
0.26 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.11 | 0.10 | 0.11 |
Operating CF/Net income |
2.57 | (1.03) | 5.04 | 2.65 | (2.71) | (2.75) | 2.09 | (2.29) | (0.90) | (0.53) |
Capex/Depreciation |
(1.73) | (1.26) | (1.76) | (2.19) | (1.33) | (0.70) | (1.46) | (1.54) | (0.99) | (0.58) |
Interest Coverage |
2.18 | (0.90) | 0.35 | 0.42 | (0.60) | (0.16) | 0.21 | 0.36 | 0.01 | (0.06) |
| 2.43% | (2.82%) | 1.25% | 2.06% | (1.89%) | (2.58%) | 3.02% | (3.22%) | (7.07%) | (9.38%) | |
| 3.39% | (1.47%) | 0.62% | 1.09% | (1.03%) | (1.27%) | 1.39% | (1.40%) | (2.72%) | (2.96%) | |
ROIC |
2.17% | (0.68%) | 0.35% | 0.29% | (0.47%) | (0.14%) | 0.21% | 0.53% | 0.02% | (0.14%) |
Return on Tangible Assets |
1.79% | (1.33%) | 0.72% | 1.35% | (1.21%) | (1.50%) | 1.65% | (1.66%) | (3.27%) | (3.49%) |
Average Days of Receivables |
186.90 | 129.76 | 107.68 | 125.46 | 137.13 | 136.23 | 136.84 | 130.16 | 129.13 | 149.85 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
15.53% | 45.72% | 29.07% | 34.84% | 33.48% | 29.59% | 27.02% | 25.33% | 25.28% | 25.27% |
Intangible Assets out of Total Assets |
0.00 | 0.02 | 0.02 | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
0.94% | 6.20% | 8.18% | 10.08% | 10.96% | 8.13% | 6.81% | 5.31% | 5.39% | 4.99% |
Graham Net Nets |
(0.38) | (0.71) | (0.58) | (0.43) | (0.57) | (0.77) | (1.19) | (1.58) | (2.09) | (2.55) |
Graham Number |
0.00 | 0.00 | 13.22 | 16.81 | 0.00 | 0.00 | 18.68 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
1.95% | (1.69%) | 0.89% | 1.22% | (1.60%) | (2.19%) | 3.59% | (4.88%) | (10.87%) | (12.40%) |
Free Cash Flow Yield |
6.57% | (3.75%) | (4.77%) | (5.12%) | (3.32%) | 1.18% | (6.60%) | (8.31%) | (6.53%) | (4.28%) |
Revenue per Share |
4.76 | 5.15 | 5.41 | 4.96 | 4.52 | 4.85 | 5.09 | 5.75 | 6.20 | 7.40 |
Operating CF per Share |
1.59 | 0.70 | 1.58 | 1.33 | 1.27 | 1.66 | 1.50 | 1.74 | 1.46 | 1.09 |
Capex per Share |
(2.36) | (2.00) | (3.24) | (3.37) | (2.30) | (1.32) | (2.75) | (3.18) | (2.47) | (1.82) |
Free Cash Flow per Share |
(0.78) | (1.29) | (1.66) | (2.04) | (1.04) | 0.34 | (1.25) | (1.43) | (1.00) | (0.73) |
Cash per Share |
0.32 | 3.21 | 3.35 | 1.09 | 1.97 | 2.31 | 2.30 | 1.91 | 2.07 | 1.53 |
Shareholders Equity per Share |
21.10 | 28.24 | 25.07 | 25.91 | 24.03 | 22.46 | 22.81 | 21.43 | 20.48 | 17.18 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
21.10 | 28.24 | 25.07 | 25.91 | 24.03 | 22.46 | 22.81 | 21.43 | 20.48 | 17.18 |
Free Cash Flow |
(78.27) | (136.41) | (197.75) | (267.03) | (138.48) | 44.45 | (148.70) | (150.37) | (88.64) | (49.01) |
Working Capital |
236.36 | 393.00 | 458.61 | 207.48 | 386.68 | 432.72 | 363.14 | 291.03 | 275.73 | 223.24 |
Capital Expenditures |
(237.81) | (210.59) | (385.94) | (441.01) | (307.50) | (173.18) | (326.74) | (333.74) | (218.03) | (122.27) |
Net Current Asset Value |
(1,261.37) | (2,565.39) | (2,420.36) | (2,234.40) | (2,383.55) | (2,908.93) | (2,688.12) | (2,850.76) | (2,834.66) | (2,922.61) |
EV/EBIT |
39.70 | 0.00 | 223.57 | 299.35 | 0.00 | 0.00 | 273.15 | 106.35 | 2,422.04 | 0.00 |
Capex to Sales |
0.50 | 0.39 | 0.60 | 0.68 | 0.51 | 0.27 | 0.54 | 0.55 | 0.40 | 0.25 |
Price to Operating Income |
29.60 | 0.00 | 157.61 | 233.13 | 0.00 | 0.00 | 139.38 | 46.12 | 878.16 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.04 | 0.03 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 |
Cash ROIC |
(2.36%) | (2.48%) | (3.58%) | (5.18%) | (2.54%) | 0.78% | (2.74%) | (3.00%) | (1.94%) | (1.30%) |
Accounts Receivable Turnover |
2.18 | 2.48 | 3.36 | 3.14 | 2.68 | 2.74 | 2.61 | 2.73 | 2.68 | 2.50 |
Accounts Payable Turnover |
1.76 | 2.06 | 1.63 | 1.44 | 1.66 | 2.12 | 1.74 | 1.53 | 1.76 | 2.05 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
94.48 | 273.07 | 218.13 | 276.58 | 173.75 | 174.93 | 237.51 | 225.96 | 185.23 | 162.31 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
219.04 | 219.04 | 191.55 | 206.35 | 224.56 | 231.61 | 231.94 | 221.29 | 204.55 | 199.17 |
Average Payables |
89.77 | 89.77 | 134.78 | 144.33 | 130.40 | 104.62 | 122.10 | 131.47 | 112.99 | 92.92 |
Average Assets |
1,830.32 | 4,866.22 | 6,034.55 | 5,991.77 | 6,032.90 | 6,232.88 | 6,144.82 | 5,710.98 | 5,269.53 | 4,704.37 |
Average Common Equity |
2,546.49 | 2,548.40 | 2,981.08 | 3,187.01 | 3,296.44 | 3,072.31 | 2,826.26 | 2,482.98 | 2,030.45 | 1,483.32 |
Columns are period end dates · fundamentals updated 25 Oct 2026