JBG SMITH Properties
JBG SMITH Properties, Inc. (NYSE: JBGS) is a real estate investment trust that owns, operates, and develops mixed-use properties concentrated in amenity-rich, transit-oriented submarkets in and around Washington, D.C., with particular focus on National Landing. The company's website is https://www.JBGSMITH.com. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What JBG SMITH Properties does
In the company’s own words
JBG SMITH Properties, Inc. (NYSE: JBGS) is a real estate investment trust that owns, operates, and develops mixed-use properties concentrated in amenity-rich, transit-oriented submarkets in and around Washington, D.C., with particular focus on National Landing. The company's website is https://www.JBGSMITH.com.
As of December 31, 2025, JBG SMITH's operating portfolio consists of 39 operating assets comprising 15 multifamily assets totaling 6,519 units and 22 commercial assets totaling 7.3 million square feet, along with two wholly owned land assets. The company's development pipeline contains an estimated 4.9 million square feet of potential development density, with over 75 percent comprising multifamily projects predominantly in National Landing. Substantially all assets are held through JBG SMITH Properties LP, with the company serving as sole general partner and owning 82 percent of the operating partnership units.
The company operates through three business segments: multifamily, commercial, and third-party real estate services. The multifamily segment includes residential rental properties, while the commercial segment encompasses office and retail space. The third-party services business provides fee-based real estate services to external parties, including management of previously sold properties and services through LEO, the company's workforce housing investment platform.
JBG SMITH was formed through a 2017 separation from Vornado Realty Trust, which spun off its Washington, D.C. segment assets. The company subsequently acquired the management business and certain assets of The JBG Companies, combining these operations to create its current platform. National Landing, encompassing Crystal City, eastern Pentagon City, and northern Potomac Yard in Northern Virginia, represents approximately 80 percent of the portfolio and serves as the centerpiece of the company's placemaking strategy, which involves strategically mixing residential and commercial buildings with retail and public spaces to create vibrant, walkable neighborhoods.
As of December 31, 2025, JBG SMITH employed 596 people. The company maintains REIT status under the Internal Revenue Code and generates significant revenue from U.S. federal government tenants, which accounted for 11.4 percent of total revenue in 2025. The company's competitive advantages include deep expertise in mixed-use urban infill development, disciplined capital allocation focused on long-term net asset value per share growth, and established relationships with major tenants including Amazon, which occupies approximately 2.1 million square feet of company-developed space.
Company details
- Sector
- Real Estate
- Industry
- REITs
- Headquarters
- BETHESDA, MD
- Fiscal year end
- December
- CIK
- 1689796
- SIC
- 6798
Financial performance, year by year
Fiscal 2017–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns JBG SMITH Properties — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · JBG SMITH Properties’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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