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Companies / Real Estate / JBG SMITH Properties
JBGS

JBG SMITH Properties

Ticker JBGSBETHESDA, MDFiscal year ends DecemberBook value per share $17.13Diluted shares 58.7M

JBG SMITH Properties (NYSE: JBGS) is a real estate investment trust that owns, operates and develops mixed-use properties, primarily in Metro-served neighborhoods in and around Washington, D.C., with a major concentration in National Landing in Northern Virginia. Its properties include multifamily housing, office and… From the company’s description.

Over the twelve months to Sep 30, 2026, JBG SMITH Properties reported revenue of $516.95M, up 3.0% from a year earlier, and a net loss of $251.89M. Its operating margin was −25.4%, and operations generated $70.55M in cash. In fiscal 2025, it reported revenue of $498.60M, down 8.9% from fiscal 2024, and a net loss of $168.06M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$498.60MFY2025
−8.9% year over year
Last 12 mo $516.95M
-14.82%FY2025
−15.1 percentage points
Last 12 mo -25.44%
$-168.06MFY2025
+5.5% year over year
Last 12 mo $-251.89M
-6.32%FY2025
+1.6 percentage points
Last 12 mo -6.95%
Cash & financing
$73.26MFY2025
−43.4% year over year
Last 12 mo $70.55M
$73.26MFY2025
−43.4% year over year
Last 12 mo $70.55M
2.16FY2025
Was 1.42× a year earlier
Last 12 mo 2.54
67.4MFY2025
−23.7% year over year
Last 12 mo 58.7M

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 (NYSE: JBGS) is a real estate investment trust that owns, operates and develops mixed-use properties, primarily in Metro-served neighborhoods in and around Washington, D.C., with a major concentration in National Landing in Northern Virginia. Its properties include multifamily housing, office and retail space, and land for development; it also provides fee-based property management and other real estate services to third parties, including through its LEO impact investment platform. The company reports three segments: multifamily, commercial and third-party real estate services. As of December 31, 2025, its operating portfolio comprised 39 assets, including 15 multifamily properties with 6,519 units and 22 commercial properties totaling 7.3 million square feet; its development pipeline represented an estimated 4.9 million square feet of potential density. The business combines property ownership and development with neighborhood-scale projects that bring together housing, workplaces, retail and public spaces. Amazon occupies two company-developed office buildings at its National Landing headquarters, and JBG SMITH also manages that headquarters’ property and retail leasing. Its website is https://www.JBGSMITH.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
BETHESDA, MD
Fiscal year end
December
CIK
1689796
SIC
6798

Financial performance, year by year

Fiscal 2017–2025 · USD
$-341.85M$-71.96M$197.94M$467.84M$737.74M201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The 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.

Ownership

Who owns JBG SMITH Properties — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

194
funds hold it
0 of 35
superinvestors hold it
$363.22M
held by funds, at market
42.6%
of shares held by funds

Largest fund holders · JBG SMITH Properties’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.05%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets

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.

Connected research

Put this business in context.

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  • “How do JBG SMITH Properties and its peers compare on margins and cash generation over ten years?”
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