AI Spotlight on JBGS
Company Description
JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC.Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.JBG SMITH's portfolio currently comprises 20.7 million square feet of high-growth office, multifamily and retail assets, 98% at our share of which are Metro-served.
It also maintains a development pipeline encompassing 17.1 million square feet of mixed-use development opportunities.
Market Data
Last Price | 15.51 |
Change Percentage | 0.85% |
Open | 15.35 |
Previous Close | 15.38 |
Market Cap ( Millions) | 1310 |
Volume | 324296 |
Year High | 18.86 |
Year Low | 13.64 |
M A 50 | 15.67 |
M A 200 | 16.11 |
Financial Ratios
FCF Yield | -8.03% |
Dividend Yield | 5.64% |
ROE | -5.64% |
Debt / Equity | 142.24% |
Net Debt / EBIDTA | 1328.28% |
Price To Book | 0.7 |
Price Earnings Ratio | -11.33 |
Price To FCF | -12.46 |
Price To sales | 2.32 |
EV / EBITDA | 20.13 |
News
- Dec -19 - AWS, A&MPLIFY by Alvarez and Marsal, Energy Innovation Capital, JBG SMITH, and Virginia Tech Launch Virtus Innovation Center
- Dec -16 - JBG SMITH Declares a Quarterly Common Dividend of $0.175 Per Share
- Dec -03 - JBG Smith downgraded to Underperform from Market Perform at BMO Capital
- Nov -28 - 2 Fat Yields You May Love
- Nov -06 - 5 U.S. REITs Suspend Dividends Amid 2024 Cuts
- Sep -20 - The State Of REITs: September 2024 Edition
- Aug -06 - JBG SMITH: Upside Hinges On Multifamily Development, Fed Rate Cuts
- Jun -27 - Three Office REITs To Sell With Weak Balance Sheets
- May -29 - JBG SMITH Consolidates Impact Investing Operations Into LEO Impact Capital
- May -15 - JBG SMITH Shares Investor Day Management Commentary
- May -04 - Passive Income Watch: Wall Street Sees Upside With This 5.4% Dividend Stock
- Apr -30 - JBG SMITH Announces First Quarter 2024 Results
- Apr -25 - JBG SMITH Declares a Quarterly Common Dividend of $0.175 Per Share
- Apr -22 - JBG SMITH Releases 2024 Sustainability Report
- Apr -15 - JBG Smith Achieves Goal to Preserve 3,000 Housing Units With Washington Housing Initiative Impact Pool
- Mar -27 - JBG SMITH Releases Statement on Potomac Yard Entertainment District Proposal
- Mar -07 - So, You Want To Invest In DC: JBG SMITH
- Feb -24 - JBG SMITH: The Rally Has More Room To Run
- Feb -20 - JBG Smith Announces Fourth Quarter and Full Year 2023 Results
- Feb -03 - Why U.S. renters are taking corporate landlords to court
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Commercial
Expected Growth : 4.83 %
What the company do ?
JBG SMITH Properties' commercial segment offers a diverse portfolio of office, retail, and industrial properties in the Washington, D.C. metropolitan area.
Why we expect these perspectives ?
JBG SMITH Properties' commercial segment growth of 4.83% is driven by increasing demand for office spaces in the Washington D.C. metropolitan area, fueled by the growing presence of tech and biotech companies. Additionally, the company's strategic redevelopment of existing properties and expansion into new markets contribute to its growth momentum.
Segment nΒ°2 -> Multifamily
Expected Growth : 4.0 %
What the company do ?
Multifamily from JBG SMITH Properties refers to a portfolio of apartment communities offering luxury living experiences in the Washington, D.C. metropolitan area.
Why we expect these perspectives ?
JBG SMITH's multifamily segment growth of 4.0% is driven by increasing demand for housing in the Washington D.C. metropolitan area, fueled by a strong job market and limited supply. Additionally, the company's strategic focus on amenity-rich, transit-oriented developments and its ability to capitalize on the growing trend of renters seeking luxury living experiences also contribute to this growth.
Segment nΒ°3 -> Other
Expected Growth : 4.65 %
What the company do ?
The 'Other' segment from JBG SMITH Properties includes all non-rental revenue generating activities, such as parking, storage, and other miscellaneous income.
Why we expect these perspectives ?
JBG SMITH Properties' 4.65% growth is driven by increasing demand for office and multifamily properties in the Washington D.C. area, fueled by a strong job market and government sector growth. Additionally, the company's strategic redevelopment pipeline and disciplined capital allocation contribute to its growth momentum.
Jbg Smith Properties Products
Product Range | What is it ? |
---|---|
Office Space | JBG SMITH Properties offers high-quality office spaces for rent, providing businesses with a productive and comfortable work environment. |
Retail Space | JBG SMITH Properties provides retail spaces for lease, offering prime locations and flexible lease terms for retailers. |
Industrial Space | JBG SMITH Properties offers industrial spaces for rent, catering to businesses requiring warehouse, manufacturing, or distribution facilities. |
Multifamily Housing | JBG SMITH Properties develops and manages multifamily housing communities, offering residents modern amenities and convenient locations. |
Mixed-Use Developments | JBG SMITH Properties creates mixed-use developments that combine residential, office, and retail spaces, fostering vibrant and dynamic communities. |
JBG SMITH Properties's Porter Forces
Threat Of Substitutes
JBG SMITH Properties has a diversified portfolio of properties, which reduces the threat of substitutes. The company's focus on office and multifamily properties in the Washington, D.C. metropolitan area also limits the availability of substitutes.
Bargaining Power Of Customers
JBG SMITH Properties has a diverse tenant base, which reduces the bargaining power of individual customers. However, the company's reliance on a few large tenants increases the bargaining power of these customers.
Bargaining Power Of Suppliers
JBG SMITH Properties has a strong balance sheet and a diversified portfolio of properties, which reduces the bargaining power of suppliers. The company's ability to negotiate favorable terms with suppliers also limits the bargaining power of suppliers.
Threat Of New Entrants
JBG SMITH Properties operates in a highly competitive market, but the company's established presence and strong brand reputation create barriers to entry for new entrants. The company's focus on the Washington, D.C. metropolitan area also limits the threat of new entrants.
Intensity Of Rivalry
JBG SMITH Properties operates in a highly competitive market with many established players. The company's focus on the Washington, D.C. metropolitan area increases the intensity of rivalry, as many companies compete for a limited number of tenants and properties.
Strength
Capital Structure
Value | |
---|---|
Debt Weight | 54.27% |
Debt Cost | 3.95% |
Equity Weight | 45.73% |
Equity Cost | 9.21% |
WACC | 6.36% |
Leverage | 118.66% |
JBG SMITH Properties : Quality Control
JBG SMITH Properties passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
Company | Rational |
---|---|
ONL | Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio β¦ |
PGRE | Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select β¦ |
BDN | Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Austin and β¦ |
FSP | Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select β¦ |
HPP | Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West β¦ |