Financial Snapshot

Revenue
$564.1M
TTM
Gross Margin
50.68%
TTM
Net Earnings
-$117.5M
TTM
Current Assets
$352.9M
Q3 2024
Current Liabilities
$157.4M
Q3 2024
Current Ratio
224.2%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$2.341B
Q3 2024
Cash
Q3 2024
P/E
-11.71
Nov 29, 2024 EST
Free Cash Flow
-$108.8M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $604.2M $605.8M $634.4M $602.7M $647.8M $644.2M $543.0M $478.5M $470.6M $472.9M $476.3M
YoY Change -0.27% -4.5% 5.25% -6.95% 0.56% 18.63% 13.48% 1.68% -0.48% -0.71%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $604.2M $605.8M $634.4M $602.7M $647.8M $644.2M $543.0M $478.5M $470.6M $472.9M $476.3M
Cost Of Revenue $290.7M $306.7M $328.6M $331.4M $321.6M $309.0M $237.2M $175.5M $177.0M $174.6M $169.8M
Gross Profit $313.5M $299.1M $305.7M $271.3M $326.2M $335.2M $305.8M $303.0M $293.6M $298.3M $306.5M
Gross Profit Margin 51.89% 49.37% 48.2% 45.01% 50.36% 52.03% 56.32% 63.32% 62.39% 63.08% 64.35%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Selling, General & Admin $55.39M $63.67M $70.14M $78.30M $89.00M $69.80M $68.60M $50.40M $46.00M $47.70M $48.20M
YoY Change -13.01% -9.23% -10.42% -12.02% 27.51% 1.75% 36.11% 9.57% -3.56% -1.04%
% of Gross Profit 17.67% 21.29% 22.94% 28.86% 27.28% 20.82% 22.43% 16.63% 15.67% 15.99% 15.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $215.6M $217.8M $240.5M $225.6M $195.8M $215.7M $164.6M $135.1M $147.0M $113.2M $109.9M
YoY Change -1.02% -9.4% 6.59% 15.22% -9.21% 31.04% 21.85% -8.1% 29.85% 3.0%
% of Gross Profit 68.77% 72.83% 78.65% 83.15% 60.02% 64.34% 53.82% 44.58% 50.06% 37.95% 35.86%
Operating Expenses $265.6M $277.4M $306.4M $300.1M $625.4M $617.9M $595.2M $365.7M $368.0M $159.7M $156.8M
YoY Change -4.27% -9.46% 2.11% -52.02% 1.22% 3.81% 62.74% -0.62% 130.44% 1.85%
Operating Profit $47.95M $21.68M -$705.0K -$28.80M -$299.2M -$282.7M -$52.18M $112.8M $102.6M $138.6M $149.7M
YoY Change 121.16% -3175.46% -97.55% -90.37% 5.85% 441.76% -146.26% 9.94% -25.98% -7.41%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Interest Expense $108.7M $75.93M $67.96M $62.32M $52.70M $74.45M $58.14M $51.78M $50.82M -$55.80M -$65.70M
YoY Change 43.11% 11.73% 9.05% 18.27% -29.22% 28.05% 12.28% 1.88% -191.08% -15.07%
% of Operating Profit 226.61% 350.2% 45.91% 49.54% -40.26% -43.89%
Other Income/Expense, Net -$131.2M $84.08M -$75.05M -$34.10M $50.48M $19.55M -$36.82M -$49.74M
YoY Change -256.07% -212.03% 120.09% -167.55% 158.16% -153.11% -25.97%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Pretax Income -$92.01M $100.3M -$86.18M -$71.53M $72.84M $45.88M -$89.00M $63.06M $50.05M $81.50M $76.20M
YoY Change -191.78% -216.32% 20.49% -198.19% 58.78% -151.55% -241.14% 25.99% -38.59% 6.96%
Income Tax -$296.0K $1.264M $3.541M -$4.265M -$1.302M -$738.0K -$9.912M $1.083M $420.0K $200.0K -$12.50M
% Of Pretax Income 1.26% -1.79% -1.61% 1.72% 0.84% 0.25% -16.4%
Net Earnings -$79.98M $85.37M -$79.26M -$62.30M $65.57M $39.92M -$71.75M $61.97M $49.63M $81.30M $88.70M
YoY Change -193.68% -207.71% 27.21% -195.02% 64.24% -155.64% -215.78% 24.88% -38.96% -8.34%
Net Earnings / Revenue -13.24% 14.09% -12.49% -10.34% 10.12% 6.2% -13.21% 12.95% 10.55% 17.19% 18.62%
Basic Earnings Per Share -$0.78 $0.70 -$0.63 -$0.49 $0.48 $0.31 -$0.70 $0.62 $0.49
Diluted Earnings Per Share -$0.78 $0.70 -$0.63 -$0.49 $0.48 $0.31 -$0.70 $0.62 $0.49 $858.5K $936.6K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Cash & Short-Term Investments $164.8M $241.1M $264.4M $225.6M $126.4M $260.6M $316.7M $29.00M $75.00M $12.00M
YoY Change -31.66% -8.8% 17.18% 78.48% -51.5% -17.71% 992.07% -61.33% 525.0%
Cash & Equivalents $164.8M $241.1M $264.4M $225.6M $126.4M $260.6M $316.7M $29.00M $75.00M $12.00M
Short-Term Investments
Other Short-Term Assets $6.600M
YoY Change
Inventory
Prepaid Expenses
Receivables $215.5M $227.1M $236.8M $226.5M $222.7M $190.0M $193.0M $245.0M $230.7M $228.0M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $380.2M $468.2M $501.1M $452.1M $349.1M $450.6M $509.7M $280.6M $305.7M $240.0M
YoY Change -18.79% -6.56% 10.84% 29.5% -22.53% -11.6% 81.65% -8.21% 27.38%
Property, Plant & Equipment $4.597B $4.824B $5.051B $4.814B $4.676B $4.741B $5.006B $3.225B $3.130B $3.011B
YoY Change -4.71% -4.49% 4.94% 2.94% -1.37% -5.3% 55.25% 3.02% 3.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $289.6M $320.2M $462.9M $461.4M $543.0M $322.9M $261.8M $49.80M $27.50M $77.40M
YoY Change -9.56% -30.84% 0.32% -15.03% 68.16% 23.34% 425.7% 81.09% -64.47%
Other Assets $127.3M $132.6M $247.8M $235.4M $313.6M $352.4M $140.8M $102.6M $101.9M $68.00M
YoY Change -3.93% -46.5% 5.26% -24.94% -11.01% 150.28% 37.23% 0.69% 49.85%
Total Long-Term Assets $5.138B $5.435B $5.885B $5.627B $5.637B $5.547B $5.562B $3.380B $3.270B $3.171B
YoY Change -5.46% -7.64% 4.58% -0.17% 1.63% -0.28% 64.56% 3.36% 3.12%
Total Assets $5.519B $5.903B $6.386B $6.080B $5.986B $5.997B $6.072B $3.661B $3.576B $3.411B
YoY Change
Accounts Payable $124.9M $138.1M $106.1M $103.1M $157.7M $131.0M $138.6M $40.90M $54.10M $40.20M
YoY Change -9.55% 30.08% 2.94% -34.62% 20.38% -5.48% 238.88% -24.4% 34.58%
Accrued Expenses $64.50M $5.308M $6.910M $10.80M $28.50M
YoY Change 1115.17% -23.18% -36.02% -62.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $201.5M $187.0M $163.8M $161.6M $236.6M $193.9M $183.3M $40.90M $54.10M $40.20M
YoY Change 7.79% 14.11% 1.38% -31.7% 22.02% 5.78% 348.17% -24.4% 34.58%
Long-Term Debt $2.562B $2.453B $2.639B $2.032B $1.623B $2.151B $2.204B $1.448B $1.386B $1.278B
YoY Change 4.44% -7.04% 29.87% 25.19% -24.55% -2.39% 52.18% 4.5% 8.45%
Other Long-Term Liabilities $58.91M $62.99M $117.0M $146.6M $121.7M $99.90M $92.50M $49.50M $76.40M $50.70M
YoY Change -6.48% -46.17% -20.18% 20.46% 21.82% 8.0% 86.87% -35.21% 50.69%
Total Long-Term Liabilities $2.621B $2.516B $2.756B $2.179B $1.745B $2.251B $2.296B $1.498B $1.462B $1.329B
YoY Change 4.17% -8.7% 26.5% 24.86% -22.49% -1.97% 53.32% 2.42% 10.06%
Total Liabilities $3.296B $3.222B $3.470B $2.874B $2.600B $3.010B $3.101B $1.539B $1.517B $1.369B
YoY Change 2.3% -7.17% 20.77% 10.53% -13.63% -2.94% 101.51% 1.46% 10.77%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Basic Shares Outstanding 105.1M 119.0M 130.8M 133.5M 130.7M 119.2M shares 105.4M shares
Diluted Shares Outstanding 105.1M 119.0M 130.8M 133.5M 130.7M 119.2M shares 105.4M shares 100.6M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.3761 Billion

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. The company is headquartered in Bethesda, Maryland and currently employs 844 full-time employees. The company went IPO on 2017-07-06. The firm owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, notably National Landing. The company operates through three segments: commercial, multifamily, and third-party asset management and real estate services. The firm's portfolio comprises 13.4 million square feet of high-growth multifamily, office and retail assets at share, 98% of which are Metro-served. The company also maintains a development pipeline encompassing 9.3 million square feet of mixed-use, primarily multifamily, development opportunities. Its operating portfolio consists of about 40 operating assets comprising 15 multifamily assets totaling 6,318 units, 23 commercial assets totaling 7.2 million square feet and two wholly owned land assets for which the Company is the ground lessor. Additionally, the Company has two under-construction multifamily assets totaling 1,583 units.

Industry: Real Estate Investment Trusts Peers: ALEXANDRIA REAL ESTATE EQUITIES, INC. Equity Commonwealth COPT DEFENSE PROPERTIES Douglas Emmett Inc Easterly Government Properties, Inc. HIGHWOODS PROPERTIES, INC. Hudson Pacific Properties, Inc. Paramount Group, Inc. Piedmont Office Realty Trust, Inc. SL GREEN REALTY CORP