$JBGS Market Cap: $1.255 Billion
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Financial Snapshot

Revenue
$547.3M
TTM
Gross Margin
50.02%
TTM
Net Earnings
-$145.0M
TTM
Current Assets
$339.4M
Q4 2024
Current Liabilities
$174.3M
Q4 2024
Current Ratio
194.74%
Q4 2024
Total Assets
$5.021B
Q4 2024
Total Liabilities
$2.788B
Q4 2024
Book Value
$2.233B
Q4 2024
Cash
$145.8M
Q4 2024
P/E
-8.649
Nov 29, 2024 EST
Free Cash Flow
-$88.64M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $547.3M $604.2M $605.8M $634.4M $602.7M $647.8M $644.2M $543.0M $478.5M $470.6M $472.9M $476.3M
YoY Change -9.42% -0.27% -4.5% 5.25% -6.95% 0.56% 18.63% 13.48% 1.68% -0.48% -0.71%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $547.3M $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 $273.5M $290.7M $306.7M $328.6M $331.4M $321.6M $309.0M $237.2M $175.5M $177.0M $174.6M $169.8M
Gross Profit $273.8M $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 50.03% 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

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Selling, General & Admin $58.79M $55.39M $63.67M $70.14M $78.30M $89.00M $69.80M $68.60M $50.40M $46.00M $47.70M $48.20M
YoY Change 6.14% -13.01% -9.23% -10.42% -12.02% 27.51% 1.75% 36.11% 9.57% -3.56% -1.04%
% of Gross Profit 21.47% 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 $215.0M $215.6M $217.8M $240.5M $225.6M $195.8M $215.7M $164.6M $135.1M $147.0M $113.2M $109.9M
YoY Change -0.29% -1.02% -9.4% 6.59% 15.22% -9.21% 31.04% 21.85% -8.1% 29.85% 3.0%
% of Gross Profit 78.51% 68.77% 72.83% 78.65% 83.15% 60.02% 64.34% 53.82% 44.58% 50.06% 37.95% 35.86%
Operating Expenses $267.0M $265.6M $277.4M $306.4M $300.1M $625.4M $617.9M $595.2M $365.7M $368.0M $159.7M $156.8M
YoY Change 0.52% -4.27% -9.46% 2.11% -52.02% 1.22% 3.81% 62.74% -0.62% 130.44% 1.85%
Operating Profit $6.863M $47.95M $21.68M -$705.0K -$28.80M -$299.2M -$282.7M -$52.18M $112.8M $102.6M $138.6M $149.7M
YoY Change -85.69% 121.16% -3175.46% -97.55% -90.37% 5.85% 441.76% -146.26% 9.94% -25.98% -7.41%
Operating Profit To Gross Profit 2.51% 15.29% 7.25% -0.23% -10.62% -91.73% -84.33% -17.06% 37.23% 34.94% 46.46% 48.84%
Operating Profit To Revenue 1.25% 7.94% 3.58% -0.11% -4.78% -46.19% -43.88% -9.61% 23.57% 21.8% 29.31% 31.43%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Interest Expense -$122.5M $108.7M $75.93M $67.96M $62.32M $52.70M $74.45M $58.14M $51.78M $50.82M -$55.80M -$65.70M
YoY Change -212.71% 43.11% 11.73% 9.05% 18.27% -29.22% 28.05% 12.28% 1.88% -191.08% -15.07%
% of Operating Profit -1784.5% 226.61% 350.2% 45.91% 49.54% -40.26% -43.89%
Other Income/Expense, Net -$178.5M -$131.2M $84.08M -$75.05M -$34.10M $50.48M $19.55M -$36.82M -$49.74M
YoY Change 36.06% -256.07% -212.03% 120.09% -167.55% 158.16% -153.11% -25.97%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Pretax Income -$177.0M -$92.01M $100.3M -$86.18M -$71.53M $72.84M $45.88M -$89.00M $63.06M $50.05M $81.50M $76.20M
YoY Change 92.37% -191.78% -216.32% 20.49% -198.19% 58.78% -151.55% -241.14% 25.99% -38.59% 6.96%
Income Tax $762.0K -$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 -$143.5M -$79.98M $85.37M -$79.26M -$62.30M $65.57M $39.92M -$71.75M $61.97M $49.63M $81.30M $88.70M
YoY Change 79.46% -193.68% -207.71% 27.21% -195.02% 64.24% -155.64% -215.78% 24.88% -38.96% -8.34%
Net Earnings / Revenue -26.22% -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 -$1.65 -$0.78 $0.70 -$0.63 -$0.49 $0.48 $0.31 -$0.70 $0.62 $0.49
Diluted Earnings Per Share -$1.65 -$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

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Cash & Short-Term Investments $145.8M $164.8M $241.1M $264.4M $225.6M $126.4M $260.6M $316.7M $29.00M $75.00M $12.00M
YoY Change -11.51% -31.66% -8.8% 17.18% 78.48% -51.5% -17.71% 992.07% -61.33% 525.0%
Cash & Equivalents $145.8M $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 $193.6M $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 $0.00
Total Short-Term Assets $339.4M $380.2M $468.2M $501.1M $452.1M $349.1M $450.6M $509.7M $280.6M $305.7M $240.0M
YoY Change -10.73% -18.79% -6.56% 10.84% 29.5% -22.53% -11.6% 81.65% -8.21% 27.38%
Property, Plant & Equipment $4.155B $4.597B $4.824B $5.051B $4.814B $4.676B $4.741B $5.006B $3.225B $3.130B $3.011B
YoY Change -9.61% -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 $124.6M $289.6M $320.2M $462.9M $461.4M $543.0M $322.9M $261.8M $49.80M $27.50M $77.40M
YoY Change -56.98% -9.56% -30.84% 0.32% -15.03% 68.16% 23.34% 425.7% 81.09% -64.47%
Other Assets $305.0M $127.3M $132.6M $247.8M $235.4M $313.6M $352.4M $140.8M $102.6M $101.9M $68.00M
YoY Change 139.47% -3.93% -46.5% 5.26% -24.94% -11.01% 150.28% 37.23% 0.69% 49.85%
Total Long-Term Assets $4.681B $5.138B $5.435B $5.885B $5.627B $5.637B $5.547B $5.562B $3.380B $3.270B $3.171B
YoY Change -8.9% -5.46% -7.64% 4.58% -0.17% 1.63% -0.28% 64.56% 3.36% 3.12%
Total Assets $5.021B $5.519B $5.903B $6.386B $6.080B $5.986B $5.997B $6.072B $3.661B $3.576B $3.411B
YoY Change
Accounts Payable $101.1M $124.9M $138.1M $106.1M $103.1M $157.7M $131.0M $138.6M $40.90M $54.10M $40.20M
YoY Change -19.04% -9.55% 30.08% 2.94% -34.62% 20.38% -5.48% 238.88% -24.4% 34.58%
Accrued Expenses $44.43M $64.50M $5.308M $6.910M $10.80M $28.50M
YoY Change -31.12% 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 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $174.3M $201.5M $187.0M $163.8M $161.6M $236.6M $193.9M $183.3M $40.90M $54.10M $40.20M
YoY Change -13.5% 7.79% 14.11% 1.38% -31.7% 22.02% 5.78% 348.17% -24.4% 34.58%
Long-Term Debt $2.570B $2.562B $2.453B $2.639B $2.032B $1.623B $2.151B $2.204B $1.448B $1.386B $1.278B
YoY Change 0.31% 4.44% -7.04% 29.87% 25.19% -24.55% -2.39% 52.18% 4.5% 8.45%
Other Long-Term Liabilities $39.60M $58.91M $62.99M $117.0M $146.6M $121.7M $99.90M $92.50M $49.50M $76.40M $50.70M
YoY Change -32.77% -6.48% -46.17% -20.18% 20.46% 21.82% 8.0% 86.87% -35.21% 50.69%
Total Long-Term Liabilities $2.610B $2.621B $2.516B $2.756B $2.179B $1.745B $2.251B $2.296B $1.498B $1.462B $1.329B
YoY Change -0.44% 4.17% -8.7% 26.5% 24.86% -22.49% -1.97% 53.32% 2.42% 10.06%
Total Liabilities $3.211B $3.296B $3.222B $3.470B $2.874B $2.600B $3.010B $3.101B $1.539B $1.517B $1.369B
YoY Change -2.55% 2.3% -7.17% 20.77% 10.53% -13.63% -2.94% 101.51% 1.46% 10.77%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Basic Shares Outstanding 88.33M 105.1M 119.0M 130.8M 133.5M 130.7M 119.2M shares 105.4M shares
Diluted Shares Outstanding 88.33M 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

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $1.2545 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 645 full-time employees. The company went IPO on 2017-07-06. The firm owns, operates and develops mixed-use properties concentrated in Metro-served submarkets in and around Washington, D.C., primarily National Landing. The firm's segments include multifamily, commercial and third-party real estate services. Its portfolio includes office, residential and retail. Its retail tenants range from restaurants and grocers to local artisans and shops. Its operating portfolio consisted of approximately 37 operating assets comprising 15 multifamily assets totaling 6,459 units, 20 commercial assets totaling 6.7 million square feet (6.3 million square feet at its share) and two wholly owned land assets for which it is the ground lessor. Additionally, it has one under-construction multifamily asset with 775 units and 19 assets in its development pipeline totaling 11.0 million square feet (8.9 million square feet at its share) of estimated potential development density.

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