Company Quick10K Filing
JBG Smith
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 134 $5,164
10-Q 2019-11-05 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-26 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-12 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-14 Quarter: 2017-06-30
8-K 2019-11-12 Regulation FD, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-05-14 Regulation FD, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-05-02 Shareholder Vote
8-K 2019-04-15 Other Events, Exhibits
8-K 2019-04-15 Other Events, Exhibits
8-K 2019-04-02 Regulation FD, Exhibits
8-K 2019-02-26 Other Events, Exhibits
8-K 2019-02-26 Earnings, Exhibits
8-K 2018-12-13 Regulation FD, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-08-09 Other Events, Exhibits
8-K 2018-07-30 Other Events, Exhibits
8-K 2018-07-02 Other Events, Exhibits
8-K 2018-07-02 Other Events, Exhibits
8-K 2018-06-04 Regulation FD, Exhibits
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-05-03 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-03-19 Regulation FD, Exhibits
8-K 2018-03-12 Earnings, Exhibits
8-K 2018-03-01 Amend Bylaw, Exhibits

JBG Smith Financials

JBGS Metrics, Comps, Filings

Annual | Quarterly

Business

JBG SMITH Properties ("JBG SMITH") is a real estate investment trust ("REIT") that owns, operates, invests in and develops real estate assets concentrated in leading urban infill submarkets in and around Washington, D.C. We own and operate a portfolio of high-quality commercial and multifamily assets, many of which are amenitized with ancillary retail. In addition, our third-party asset management and real estate services business provides fee-based real estate services to third parties and the legacy funds formerly organized by The JBG Companies ("JBG Legacy Funds"). References to "our share" refer to our ownership percentage of consolidated and unconsolidated assets in real estate ventures.

As of December 31, 2018, our Operating Portfolio consists of 62 operating assets comprising 46 commercial assets totaling approximately 12.9 million square feet (11.3 million square feet at our share) and 16 multifamily assets totaling 6,315 units (4,531 units at our share). Additionally, we have (i) nine assets under construction comprising five commercial assets totaling approximately 1.2 million square feet (927,000 square feet at our share) and four multifamily assets totaling 1,476 units (1,298 units at our share); and (ii) 41 future development assets totaling approximately 23.1 million square feet (19.6 million square feet at our share) of estimated potential development density. We present combined portfolio operating data that aggregates assets that we consolidate in our financial statements and assets in which we own an interest, but do not consolidate in our financial results. For more information regarding our assets, see Item 2 "Properties".

We define "square feet" or "SF" as the amount of rentable square feet of a property that can be rented to tenants, defined as (i) for commercial assets, rentable square footage defined in the current lease and for vacant space the rentable square footage defined in the previous lease for that space, (ii) for multifamily assets, management's estimate of approximate rentable square feet, (iii) for assets under construction and near-term development assets, management's estimate of approximate rentable square feet based on current design plans as of December 31, 2018, or (iv) for future development assets, management's estimate of developable gross square feet based on its current business plans with respect to real estate owned or controlled as of December 31, 2018. "Metro" is the public transportation network serving the Washington, D.C. metropolitan area operated by the Washington Metropolitan Area Transit Authority, and we consider "Metro-served" to be locations, submarkets or assets that are generally nearby and within walking distance of a Metro station, defined as being within 0.5 miles of an existing or planned Metro station.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Howard Hughes (HHC) 5,679 0% 13.1 1% 7,709 4,357 1,507 0 107 368 4,831
Epr Properties (EPR) 5,665 0% 15.4 4% 6,747 3,702 683 0 278 575 8,869
Brixmor Property Group (BRX) 5,281 0% 11.4 4% 8,221 5,456 291 0 357 899 10,239
JBG Smith (JBGS) 5,164 0% 14.7 1% 6,007 1,990 638 0 52 331 4,867
Blackstone Mortgage Trust (BXMT) 4,848 19.1 2% 14,565 10,789 0 0 305 743 14,173
PS Business Parks (PSB) 4,826 0% 14.1 12% 2,057 80 316 0 239 339 4,785
Highwoods Properties (HIW) 4,701 0% 9.9 3% 4,743 2,419 356 0 140 472 4,687
First Industrial Realty Trust (FR) 4,638 0% 18.8 5% 3,265 1,580 414 0 148 321 6,037
Empire State Realty Trust (ESRT) 4,582 0% 13.1 2% 4,156 2,208 729 0 98 366 4,776
Macerich (MAC) 4,552 0% 7.1 1% 8,944 5,975 944 0 117 618 4,404
Life Storage (LSI) 4,519 0% 16.3 5% 4,035 1,969 561 0 210 390 6,355
Rexford Industrial Realty (REXR) 4,408 0% 30.4 2% 3,265 901 237 0 51 164 4,986
Healthcare Realty Trust (HR) 4,246 0% 22.0 1% 3,429 1,659 456 0 32 258 5,681
EastGroup Properties (EGP) 4,223 0% 23.5 2% 2,295 1,286 314 0 46 180 4,223
CoreSite Realty (COR) 4,209 53% 19.3 5% 2,001 1,725 560 298 103 286 5,523
Cousins Properties (CUZ) 4,159 66% 20.9 1% 6,677 2,307 516 342 56 286 5,987
Ryman Hospitality Properties (RHP) 4,065 40% 7.2 7% 3,852 3,417 1,431 577 251 538 3,896
Pebblebrook Hotel Trust (PEB) 4,045 36% 30.5 -0% 6,833 3,126 808 294 -5 212 6,475
Hospitality Properties Trust (HPT) 4,021 39% 4.7 3% 7,178 4,520 2,289 885 243 848 3,967
Equity Commonwealth (EQC) 4,014 0% 1.5 14% 3,702 67 165 0 501 560 831

Balance Sheet ($MM)2017-12-312018-12-31
Cash22139
Accounts Receivable
Inventory
PP&E5,0144,741
Assets6,0725,997
Accounts Payable
Long-Term Debt2,2022,145
Liabilities2,4882,452
Stockholders' Equity2,9712,987
Income Statement ($MM)2017-12-312018-12-31
Revenue475644
Cost of Revenue
Gross Profit
R&D
SG&A
Tax-10-1
Net Income-7947
Cash Flow ($MM)2017-12-312018-12-31
Cash Operating74188
Cash Investing-866
Cash Financing240-194