JBG SMITH PROPERTIES (JBGS)
Real Estate · Diversified REITs · NYSE
A D.C.-focused REIT transforming National Landing into a walkable, mixed-use tech and defense hub through disciplined placemaking and urban infill development.
What JBG SMITH PROPERTIES does
JBG SMITH is a real estate investment trust that owns, operates, and develops mixed-use properties in the Washington, D.C. metropolitan area, with a heavy concentration in the National Landing submarket. The company follows a "placemaking" strategy to create walkable, high-density neighborhoods by integrating multifamily residential, commercial office, and retail space. Additionally, it provides fee-based real estate services for third-party clients.
Recent developments
In Q2 2026, the company completed an office amenity hub at 2011 Crystal Drive and contributed an obsolete office building to a joint venture for conversion into a 195-unit multifamily asset. The company continues to actively manage leverage while leasing up recently delivered multifamily projects like The Grace, Reva, The Zoe, and Valen.
From JBG SMITH PROPERTIES's filing of 2026-08-10.
Themes: mixed-use urban infill, multifamily residential, office sector transition, National Landing development, placemaking real estate strategy
Fundamentals
- Price$11.02 as of 2026-10-08 close
- Market cap$652M as of 2025-10-24 (share count; price 2026-10-08)
- 1-year return-48.3% 2025-10-08 close $21.32 → 2026-10-08 close $11.02
- P/En/a negative earnings
- Net margin-27.9% FY2025, SEC XBRL
- ROE-12.0% FY2025, SEC XBRL
- Debt / equity2.22 as of 2026-09-02
- Revenue growth (YoY)-3.3% as of 2026-09-02
- Revenue CAGR (3y)-6.3% SEC XBRL
- Beta0.59 as of 2026-09-02
- Last reported earnings2026-08-10 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +6.4%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
How JBGS compares in its sector
- net profit marginbottom 10% 154 covered Real Estate peers, as of 2026-09-02
- return on equitybottom 25% 158 covered Real Estate peers, as of 2026-09-02
- 3-year revenue CAGRbottom 10% 155 covered Real Estate peers
- indicated dividend yieldtop 25% 140 covered Real Estate peers, as of 2026-09-02
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, JBGS's dividend was covered by reported results (operating-cash-flow payout 66%). This describes past coverage, not a forecast.
- Earnings payoutnot assessable earnings were not positive that year
- Operating-cash-flow payout66% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How JBG SMITH PROPERTIES looks technically
JBG SMITH PROPERTIES (JBGS) is trading 23.9% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 190 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 33, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 49, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 4 trading days ago (its momentum flipped positive). It made a new 20-day low about 7 trading days ago. It is 50.8% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 23.9% below its 200-day average, the long-term trend line — a long-term downtrend | -23.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $11.59 | $11.59 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $14.48 | $14.48 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Wave structure | its recent swings can be read as a completed five-part downward sequence — the pattern Elliott-wave chartists call an impulse — which on that reading would now be due a pullback rather than more of the same; the labelling fails if price closes below 9.93. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible five-wave downward sequence, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 190 trading days ago — a "death cross", a bearish long-term signal | 190 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 33, with sellers in control | 33.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 49, neither overbought (above 70) nor oversold (below 30) | 49.1 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($9.93 to $11.46) — its "stochastic" reading is 71 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 71.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 4 trading days ago (its momentum flipped positive) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $22.38 | $22.38 |
|---|---|---|
| From the 52-week high | it is 50.8% below its 52-week high (its highest price of the past year) | -50.8% |
| Above the 52-week low | it is 11.0% above its 52-week low (its lowest price of the past year) | +11.0% |
| Below the 52-week high | it is 50.8% below its highest point of the past year | 50.8% |
| Since a 20-day breakout | it made a new 20-day low about 7 trading days ago | 7 sessions |
| Since a 55-day breakout | it made a new 55-day low about 7 trading days ago | 7 sessions |
| All-time high | its highest closing price on record is $43.21 (set on 2019-04-15) | $43.21 |
| Given back of the 52-week move | over the past year its closes ranged ($10.04 to $22.05), and it has recovered only a small part of its fall from last year’s high — 8% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $17.46 to $17.85. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 8.2% |
| From the all-time high | it is 74.5% below its all-time high | -74.5% |
| Nearest price level | it is trading 24.8% below a resistance level at $13.76 — a price it turned at twice since 2025-04-09, most recently on 2026-06-17. Since 2024-10-08 it has 0 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +24.8% |
| All-time low | its lowest closing price on record is $9.93 (set on 2026-10-01) | $9.93 |
| Above the all-time low | it is 11.0% above its all-time low | +11.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are wider than usual versus its own recent 6-month history (wider than about 73% of it) | 73rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.3571 between its high and its low — about 3.2% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.3571 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $9.96 and $11.66 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $9.96 – $10.81 – $11.66 |
| Typical daily range (% of price) | its price moves about 3.2% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.2% |
| Stretch from the 200-day average | it is trading 9.7 daily ranges below its 200-day average price (23.9% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 9.7 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.05× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a doji | 7 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 7 sessions ago |
|---|---|---|
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
| Since a bearish engulfing | 8 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 8 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 0.3% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.3% |
|---|---|---|
| Open gap | it gapped 7.2% below the previous close 46 sessions ago and has not traded back through the level it left behind at 14.23 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -7.2% |
| Gap filled | a 3.8% gap down opened on 2026-08-05 has been "filled" 45 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 45 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 4.5 percentage points (the stock lost 3.5% while the market gained 1.0%) | -4.5% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 28.3 percentage points (the stock lost 24.5% while the market gained 3.8%) | -28.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 39.7 percentage points (the stock lost 22.2% while the market gained 17.5%) | -39.7% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 63.3 percentage points (the stock lost 48.3% while the market gained 15.0%) | -63.3% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 12% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 6.4% of the share price. | -11.9% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 20% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $13.72 — a volume-weighted average of daily closes over 188 sessions, not a true tick-by-tick VWAP. | -19.7% |
|---|
Price levels it has turned at before
JBGS last closed at $11.02 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 10 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $13.76 | Resistance | 24.8% above the last close | turned there twice · 2025-04-09 to 2026-06-17 |
| $14.06 | Resistance | 27.6% above the last close | turned there six times · 2025-01-13 to 2026-05-21 |
| $14.39 | Resistance | 30.5% above the last close | turned there four times · 2025-02-19 to 2026-07-09 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $9.93.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 1 trading day, since 2026-10-08.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · MACD just crossed bullish (12/26/9) · lagging the market · Stretched far below its 200-day average (6+ daily ranges) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingUnderperform (4.33 mean, 1=Strong Buy…5=Strong Sell) — 2 analysts
- Mean price target$12.00 range $12.00 – $12.00
Analyst estimates, as of 2026-10-03. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["High concentration of portfolio in the National Landing submarket.","Elevated office vacancy rates and general market shift away from traditional office space.","High leverage levels relative to earnings during the lease-up phase of new multifamily assets."]
What changed in the latest 10-Q
AI-assisted comparison of JBGS's 10-Q filed 2026-05-05 against the prior one filed 2025-10-28.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing references Annual Report filed February 17, 2026 for year ended December 31, 2025 (vs. older filing reference to February 18, 2025 for year ended December 31, 2024)
- Newer filing states Operating Portfolio as of March 31, 2026 consists of 38 operating assets with 15 multifamily assets totaling 6,519 units
- Newer filing states development pipeline totals 4.6 million square feet (3.3 million at company's share)
- Newer filing references financial statements as of March 31, 2026 and December 31, 2025, and for three months ended March 31, 2026 and 2025
- Removed:
- Older filing's reference to 'impact of the current government shutdown on the economic activity in the Washington, D.C. metropolitan area' removed from forward-looking statements section
- Older filing's description of National Landing submarket with specific anchors (Amazon headquarters, Virginia Tech Innovation Campus, Pentagon) and 75.0% holdings reference removed
- Older filing's reference to 'Fortress Assets' (10.0% subordinated interest in one building and 33.5% in four buildings) naming convention removed
- Older filing's statement that third-party services business serves 'legacy funds formerly organized by The JBG Companies' removed
- Older filing reference to 'property owners and developers' changed in newer filing
- Older filing Operating Portfolio as of September 30, 2025 with 37 operating assets, 14 multifamily assets, 21 commercial assets, one under-construction asset, and 19 development pipeline assets removed
- Reworded:
- Newer filing states 'where through our focus on placemaking, we cultivate vibrant, highly amenitized, walkable neighborhoods' versus older filing's 'Through an intense focus on placemaking, JBG SMITH cultivates vibrant, highly amenitized, walkable neighborhoods throughout the Washington, D.C. metropolitan area'
- Newer filing simplified description of subordinated interests to exclude specific 'Fortress Assets' naming and regional detail present in older filing
- Newer filing states 'We compete with many property owners, investors and developers' versus older filing's 'We compete with many property owners and developers' (added 'investors')
- Notes:
- Text in newer filing appears truncated at end of Organization section ('creating a vibrant street environment wit'), limiting full comparison of that section
- Older filing text also appears truncated ('of estimated potenti'), preventing complete assessment of Overview section details
Risk Factors
- Added:
- New risk factor in 2026 filing: 'We may be unable to anticipate or fail to adequately mitigate against increasingly sophisticated methods to engage in illegal or fraudulent activities against us' describing AI-enabled employee impersonation fraud in Q1 2026
- In Item 5, new subsection 'Trading Arrangements' in 2026 filing detailing Robert A. Stewart's Rule 10b-5 Trading Plan adopted December 12, 2025 and terminated February 26, 2026
- In Item 5, new subsection '2026 Annual Meeting Voting Results' in 2026 filing with details of April 30, 2026 shareholder meeting including election of eight trustees, advisory vote on executive compensation, and ratification of Deloitte as auditor with voting tallies
- Removed:
- Statement in 2025 filing that 'There have been no material changes to the risk factors previously disclosed in our Annual Report' removed in 2026 filing
- In Item 5, entire 'Second Amendment to Second Amended and Restated Limited Partnership Agreement' subsection from 2025 filing not present in 2026 filing
- In Item 5, entire 'Articles Supplementary Reclassifying and Designating Class B Shares' subsection from 2025 filing not present in 2026 filing
- In Item 5, entire 'Issuance of Class B Shares' subsection from 2025 filing not present in 2026 filing
- Share repurchase data table for three months ended September 30, 2025 replaced with data for three months ended March 31, 2026
- Program statistics 'Total for the nine months ended September 30, 2025' removed; data updated to reflect Q1 2026 activity
- Reworded:
- Item 5 Trading Arrangements preamble changed from 'During the three months ended September 30, 2025' to 'Except for the below, during the three months ended March 31, 2026' in 2026 filing
- Repurchase program authorization history statement remains substantively the same but referenced in different quarterly context (March 31, 2026 vs. September 30, 2025)
- Notes:
- The two filings cover different quarterly periods (Q1 2026 vs. Q3 2025), making some differences attributable to timing rather than substantive policy changes
- Item 5 Trading Arrangements section in 2025 filing appears truncated in source text provided; full comparison of that section may not be possible
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-040 buys · 2 sells ($300270) — 1 selling insider
Most recent open-market transaction: 2026-06-08. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about JBGS's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
JBGS had 12,482,544 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for JBGS because the newest share count we hold predates that settlement by more than 180 days, and a buyback or issuance in between would move the base. The reported figures above are unaffected.
- Reported short interest (shares) 12,482,544
- Prior settlement (shares) 12,141,865
- Reported change 2.81%
- Days to cover (reported) 16.38
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Boston Properties (BXP)
- Vornado Realty Trust (VNO)
- AvalonBay Communities (AVB)
- Equity Residential (EQR)
- Alexandria Real Estate Equities (ARE)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare JBGS vs…
Frequently asked questions
What does JBG SMITH PROPERTIES (JBGS) do?
JBG SMITH is a real estate investment trust that owns, operates, and develops mixed-use properties in the Washington, D.C. metropolitan area, with a heavy concentration in the National Landing submarket. The company follows a "placemaking" strategy to create walkable, high-density neighborhoods by integrating multifamily residential, commercial office, and retail space. Additionally, it provides fee-based real estate services for third-party clients.
What sector is JBG SMITH PROPERTIES (JBGS) in?
JBG SMITH PROPERTIES (JBGS) is classified in the Real Estate sector. Its industry is Diversified REITs. It trades on NYSE.
Does JBGS pay a dividend?
Yes — JBG SMITH PROPERTIES (JBGS) pays a dividend, with an indicated yield of about 6.41% and 1-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-02). Informational only — not financial advice.
Who are JBG SMITH PROPERTIES's (JBGS) competitors?
Notable peers of JBG SMITH PROPERTIES (JBGS) include Boston Properties, Vornado Realty Trust, AvalonBay Communities, Equity Residential and Alexandria Real Estate Equities. This peer set is informational only — not financial advice.
Is JBG SMITH PROPERTIES (JBGS) overbought or oversold right now?
JBG SMITH PROPERTIES (JBGS) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 49, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on JBGS come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.