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JBG SMITH Properties owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets. The markets are in and around Washington, DC, most notably National Landing, where through our focus on placemaking, we cultivate vibrant, highly amenitized, walkable neighborhoods. JBG SMITH Properties has a portfolio comprised of 12.0 million square feet at share of multifamily, office, and retail assets, and a 3.6 million square-foot development pipeline. JBG SMITH Properties was incorporated in 2016 in United States.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $499M | $153M | $-139M | $-49M | -12.0% | -8.9% | -3.1% |
| 2024 | $547M | $155M | $-144M | $-89M | -7.9% | -9.4% | 79.5% |
| 2023 | $604M | $215M | $-80M | $-150M | -3.6% | -0.3% | -193.7% |
| 2022 | $606M | $397M | $85M | $-149M | 3.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 605.82 | 604.20 | 547.31 | 498.60 |
| Cost Of Revenue | - | 306.70 | 290.67 | 273.48 | 251.17 |
| Gross Profit | - | 299.12 | 313.53 | 273.83 | 247.43 |
| Operating Expense | - | 277.44 | 265.58 | 266.97 | 249.23 |
| Operating Income | - | 21.68 | 47.95 | 6.86 | -1.81 |
| EBITDA | - | 396.54 | 214.68 | 154.58 | 153.07 |
| EBIT | - | 178.70 | -0.95 | -60.41 | -44.40 |
| Pretax Income | - | 100.25 | -92 | -176.99 | -171.89 |
| Tax Provision | - | 1.26 | -0.30 | 0.76 | -3.83 |
| Net Income | - | 85.37 | -79.98 | -143.53 | -139.06 |
| Net Income Common Stockholders | - | 83.51 | -82.03 | -145.99 | -140.85 |
| Total Expenses | - | 584.14 | 556.25 | 540.45 | 500.40 |
| Interest Expense | - | 78.45 | 91.06 | 116.58 | 127.49 |
| Interest Income | - | 18.62 | 15.78 | 11.60 | 4.21 |
| Selling General And Administration | - | 63.67 | 55.39 | 58.79 | 59.17 |
| Normalized EBITDA | - | 236.18 | 242.58 | 208.93 | 180.82 |
| Normalized Income | - | -72.97 | -52.17 | -100.59 | -111.93 |
| Market Cap | 916.37 | 916.37 | 916.37 | 916.37 | 916.37 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| JBG SMITH Propertiesthis co. | JBGS | - | -6.59 | 0.79 | -12.0% | 22.11 |
| Seven Hills Realty Trust | SEVN | $182M | 8.97 | 0.55 | 4.6% | - |
| Douglas Elliman Inc. | DOUG | $174M | 11.59 | 0.95 | 8.3% | -46.49 |
| Modiv Industrial, Inc. | MDV | $165M | - | 1.01 | 0.5% | 13.16 |
| ACRES Commercial Realty Corp. | ACR | $151M | 688.67 |
| - |
| - |
| - |
| - |
| - |
| 0.32 |
| 3.9% |
| - |
| Clipper Realty Inc. | CLPR | $144M | - | -1.79 | 24.6% | 17.96 |
| RPT | RPT | $109M | - | 0.45 | 0.5% | - |
| Sunrise Realty Trust, Inc. | SUNS | $100M | 7.98 | 0.55 | 6.7% | - |
| Franklin Street Properties Corp. | FSP | $65M | - | 0.11 | -7.4% | 8.75 |
| Peer Median | - | 10.28 | 0.50 | 4.3% | 10.96 | |