JBGS

JBG SMITH Properties

$17.53

-0.34

(-1.9%)

Exchange:	NYSE
Market Cap:	1.281B
Shares Outstanding:	118.5M

Overview

Earnings

Financials

Valuation

Chart

About The Company

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.

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Revenue Segmentation

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EPS

View full analyst estimates

Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	470,607	478,519	543,013	644,182	647,770	602,723	634,362	605,824	604,198	547,312
? Cost Of Revenue	175,677	173,637	229,408	308,961	321,610	331,412	328,620	306,700	290,665	273,479
? Gross Profit	294,930	304,882	313,605	335,221	326,160	271,311	305,742	299,124	313,533	273,833
? Research And Development Expenses	0	0.130	-0.160	0.070	0.110	-0.120	-0.140	0.170	0	0
? General And Administrative Expenses	47,349	52,270	76,382	69,758	88,984	78,312	70,144	63,671	55,387	58,790
? Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0
? Operating Expenses	192,333	185,613	238,041	281,194	280,564	300,068	306,447	277,442	313,533	273,833
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	2,708	3,287	1,788	15,168	5,385	62,321	8,835	18,617	6,002	-5,807
? Interest Expense	48,822	50,052	58,141	74,447	52,695	62,946	67,961	75,930	91,059	116,580
? Depreciation And Amortization	146,985	366,314	597,480	617,758	623,729	640,334	645,154	580,198	210,195	214,992
? EBITDA	247,856	248,432	132,035	332,381	217,931	213,518	218,282	236,641	242,887	154,581
? EBIT
? Operating Income	102,597	112,793	-52,175	54,027	26,351	-57,763	-4,369	22,870	33,638	0
? Income Before Tax	46,710	63,057	-88,996	45,875	72,842	-71,526	-86,184	100,250	-92,005	-176,991
? Income Tax Expense	420	1,083	-9,912	-738	-1,302	-4,265	3,541	1,264	-296	762
? Net Income From Continuing Operations
? Net Income	46,290	61,974	-71,753	39,924	65,571	-67,261	-89,725	85,371	-79,978	-143,526
? EPS (Earnings Per Share)	0.420	0.520	-0.680	0.340	0.480	-0.500	-0.690	0.700	-0.780	-1.620
? EPS Diluted	0.420	0.520	-0.680	0.340	0.480	-0.500	-0.690	0.700	-0.780	-1.620
? Weighted Average Shares Outstanding	118,500	118,500	104,868.571	119,176	130,687	133,451	130,839	119,005	105,095	88,330
? Weighted Average Shares Outstanding Diluted	118,500	118,500	105,359	119,176	130,687	133,451	130,839	119,005	105,095	88,330
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	74,966	29,000	316,676	260,553	126,413	225,600	264,356	241,098	164,773	145,804
? Short Term Investments	0	0	0	0	0	0	0	20,272	0	0
? Cash And Short Term Investments	74,966	29,000	316,676	260,553	126,413	225,600	264,356	241,098	164,773	145,804
? Net Receivables	230,708	245,024	193,049	190,041	222,662	226,450	236,761	227,128	215,460	193,631
? Accounts Receivables
? Inventory	1	0	15,355	0	1	1	576,595	-16,923	0	0
? Total Current Assets	311,154	277,287	555,254	589,573	365,178	489,786	538,856	501,201	429,487	387,657
? Property Plant Equipment Net	3,129,973	3,224,622	5,006,174	4,740,859	19,865	45,538	182,616	1,383	60,329	44,034
? Goodwill	0	0	0	0	0	0	0	0	0	0
? Intangible Assets	3,803	3,063	126,467	89,859	72,264	58,577	77,214	162,246	56,616	47,000
? Long Term Investments	76,967	49,763	261,811	322,878	543,026	461,369	462,885	299,881	289,553	124,556
? Total Non Current Assets	3,314,160	3,383,353	5,516,553	5,407,712	5,621,073	5,589,761	5,847,350	5,402,237	5,089,028	4,632,883
? Total Assets	3,625,314	3,660,640	6,071,807	5,997,285	5,986,251	6,079,547	6,386,206	5,903,438	5,518,515	5,020,540
? Account Payables	54,092	40,923	138,607	130,960	157,702	103,102	106,136	138,060	124,874	101,096
? Short Term Debt	0	0	337,513	0	99,341	0	0	0	123,585	85,000
? Deferred Revenue	-170,515	-1,165,014	0	-2,135,510	0	-168,715	0	-330,677	0	0
? Total Current Liabilities	137,004	324,155	138,607	134,677	157,702	103,102	106,136	138,060	186,874	204,608
? Long Term Debt	1,315,957	1,191,491	1,866,286	2,151,214	1,552,207	2,042,690	2,645,783	2,442,554	2,514,169	2,533,329
? Deferred Revenue Non Current	0	1,538,656	29,369	39,694	39,960	33,463	19,852	15,923	11,881	12,978
? Deferred Tax Liabilities Non Current	0	26,477	8,202	6,878	5,542	2,509	5,340	4,903	3,326	3,917
? Total Non Current Liabilities	1,379,383	1,214,501	2,349,257	2,317,116	1,829,114	2,239,491	3,341,653	2,569,956	2,639,055	2,583,242
? Total Liabilities	1,516,387	1,538,656	2,487,864	2,451,793	1,986,816	2,342,593	3,447,789	2,708,016	2,825,929	2,787,850
? Treasury Stock
? Preferred Stock	0	0	0	204	0	0	0	0	0	0
? Common Stock	2,058,976	2,121,688.999	1,180	1,210	1,342	1,319	1,275	1,141	944	846
? Retained Earnings	0	0	-95,809	-176,018	-231,164	-412,944	-609,331	-628,636	-776,962	-997,283
? Additional Paid In Capital
? Total Stockholders Equity	2,108,412	2,121,689	2,970,608	2,987,352	3,386,677	3,206,206	2,415,692	2,714,112	2,222,876	1,809,058
? Total Equity	2,108,927	2,121,984	3,583,943	3,545,492	3,999,435	3,736,954	2,938,417	3,195,422	2,692,586	2,232,690
? Minority Interest	515	295	613,335	558,140	612,758	530,748	522,725	481,310	469,710	423,632
? Total Liabilities And Total Equity	3,625,314	3,660,640	6,071,807	5,997,285	5,986,251	6,079,547	6,386,206	5,903,438	5,518,515	5,020,540
? Total Investments	76,967	49,763	261,811	322,878	543,026	461,369	462,885	320,153	289,553	124,556
? Total Debt	1,302,956	1,165,014	2,203,799	2,135,510	1,623,072	1,991,717	2,476,363	2,437,246	2,637,754	2,618,329
? Net Debt	1,227,990	1,136,014	1,887,123	1,874,957	1,496,659	1,766,117	2,212,007	2,196,148	2,472,981	2,472,525
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	46,290	61,974	-79,084	46,613	74,144	-67,261	-89,725	98,986	-91,709	-177,753
? Depreciation And Amortization	146,985	135,072	164,580	215,659	195,795	225,597	240,454	217,841	215,628	215,153
? Deferred Income Tax	0	0	-10,408	-718	-1,336	-24,545	28,216	0	0	0
? Stock Based Compensation	4,506	4,502	33,693	52,675	65,273	66,051	51,551	41,272	32,100	29,524
? Change In Working Capital	-19,397	-38,149	-16,816	-47,303	-43,457	-47,029	633	-15,237	-22,503	9,365
? Accounts Receivables	-428	-3,693	-2,098	-5,582	-8,382	-9,231	8,812	-13,154	11,123	18,212
? Inventory	0	0	0	0	8,382	9,231	-8,812	13,154	0	0
? Accounts Payables	-4,003.999	7,667	16,160	-5,984	-7,678	591	8,700	-1,282	-11,255	606
? Net Cash Provided By Operating Activities	178,910	159,541	74,183	188,193	173,986	169,021	217,622	178,037	183,372	129,393
? Investments In Property Plant And Equipment	-166,621	-237,814	-210,593	3,888	-441,014	-307,497	-173,177	-326,741	0	0
? Acquisitions Net	-9,332	-24,993	-25,155	-31,583	-18,668	-14,639	-41,780	-91,591	-647	0
? Purchases Of Investments	-9,332	-24,993	-2,207	-665	-184,726	-85,751	-250,122	326,741	-9,830	0
? Sales Maturities Of Investments	0	4,000	6,929	493,356	377,511	154,493	14,370	19,030	1,922	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	0	-3,763	-26,540	-107,372	-129,834	-120,011	-118,115	-107,688	-94,002	-62,007
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	121,991	51,083	239,787	-193,545	-190,330	119,489	189,878	-730,080	-158,825	-290,797
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	62,948	-45,966	306,294	60,975	-257,016	120,820	38,759	-28,022	-73,632	-17,249
? Cash At End Of Period	74,966	29,000	338,557	399,532	142,516	263,336	302,095	274,073	200,441	183,192
? Cash At Beginning Of Period	12,018	74,966	32,263	338,557	399,532	142,516	263,336	302,095	274,073	200,441
? Operating Cash Flow	178,910	159,541	74,183	188,193	173,986	169,021	217,622	178,037	183,372	129,393
? Capital Expenditure	-166,621	-237,814	-210,593	3,888	-441,014	-307,497	-173,177	-326,741	-333,744	0
? Free Cash Flow	12,289	-78,273	-136,410	192,081	-267,028	-138,476	44,445	-148,704	-150,372	129,393
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2018	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	464,089.873	467,512.316	452,458.619	472,145.983	496,683.727	547,509.213	516,960.500	498,208.500	504,611.500
Estimated Revenue (High)	533,239.215	537,171.601	519,874.906	542,495.685	506,578.272	574,112.786	516,960.500	498,208.500	504,611.500
Estimated Revenue (Avg)	498,667	502,344.433	486,169.157	507,323.333	501,631	560,811	516,960.500	498,208.500	504,611.500
Estimated Ebitda (Low)	163,938.970	165,147.942	176,106.235	256,569.136	181,527.407	194,190.389	183,355.381	176,704.428	178,975.442
Estimated Ebitda (High)	188,365.859	189,754.968	264,159.353	384,853.705	185,143.654	203,626.136	183,355.381	176,704.428	178,975.442
Estimated Ebitda (Avg)	176,153.282	177,452.329	220,132.794	320,711.421	183,335.530	198,908.263	183,355.381	176,704.428	178,975.442
Estimated Net Income (Low)	0	23,904.908	-72,515.157	-34,392.374	77,810.236	-99,126.015	-115,712.301	-166,943.701	-164,293.801
Estimated Net Income (High)	0	28,641.540	-16,865.105	-22,281.888	79,832.264	-64,937.984	-115,712.301	-166,943.701	-164,293.801
Estimated Net Income (Avg)	0	26,273.750	-44,690.131	-28,337.131	78,821.250	-82,032	-115,712.301	-166,943.701	-164,293.801
Estimated SGA Expense (Low)	53,337.164	53,730.501	64,013.835	45,497.702	57,083.128	211,567.387	56,316.514	54,273.714	54,971.242
Estimated SGA Expense (High)	61,284.396	61,736.340	96,020.753	68,246.554	58,220.293	317,351.081	56,316.514	54,273.714	54,971.242
Estimated SGA Expense (Avg)	57,311.063	57,733.704	80,017.294	56,872.128	57,651.711	264,459.234	56,316.514	54,273.714	54,971.242
Estimated EPS (Avg)	0	0.250	-0.320	-0.310	0.750	-0.640	-1.310	-1.890	-1.860
Estimated EPS (High)	0	0.270	-0.290	-0.280	0.760	-0.640	-1.310	-1.890	-1.860
Estimated EPS (Low)	0	0.230	-0.350	-0.340	0.740	-0.640	-1.310	-1.890	-1.860
Number of Analysts (Estimated Revenue)	1	1	1	1	1	2	1	1	1
Number of Analysts (Estimated EPS)	0	1	1	1	1	1	1	1	1

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Current Key Metrics

?	Revenue (TTM) :	547.312M	?	P/S (TTM) :	2.5
?	Net Income (TTM) :	-145989000	?	P/E (TTM) :	-9.25
?	Enterprise Value (TTM) :	1.224B	?	EV/FCF (TTM) :	-20.02
?	Dividend Yield (TTM) :	0.04	?	Payout Ratio (TTM) :	-0.39
?	ROE (TTM) :	-0.09	?	ROIC (TTM) :	-0.02
?	Net Debt (TTM) :	2.435B	?	Debt/Equity (TTM) :	0
?	P/B (TTM) :	0.93	?	Current Ratio (TTM) :	0

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
N/A	71.48	-55.84	-57.65	23.83

SWOT Analysis

No SWOT analysis available for this stock.

JBGS

-1.9

-3.73

6.44

13.61

14.13

18.37

-41.66

Trading Metrics:

Open:	17.83	Previous Close:	17.87
Day Low:	16.88	Day High:	17.97
Year Low:	13.28	Year High:	18.86
Price Avg 50:	16.31	Price Avg 200:	16.23
Volume:	1.237M	Average Volume:	1.498M

Relevant news

18-02-2025 16:15

JBG Smith Announces Fourth Quarter and Full Year 2024 Results

JBGS

JBG SMITH Properties

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

Relevant news

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