JBGS

JBG SMITH PropertiesD

NYSE / Equity Real Estate Investment Trusts (REITs)

At close

2026-06-02

Current thesis

The checked company source supports a cautious bull case centered on lease-up of new multifamily deliveries, commencement of signed office rent, and continued asset monetization/JV activity that could ease leverage and narrow the stock's discount to asset value over time.

Posture

Defensive

Lead driver

Value

What changed

3 setup hits (3d) with net bullish as of 2026-06-01.

What can break

Elevated leverage at 12.7x net debt to annualized adjusted EBITDA leaves little room for slower lease-up or weaker asset-sale execution.

Momentum

Value

Sentiment

Setup hits (3d)

3 · Net Bullish

AI TargetsBase $16.00 · Bull $17.50 · Bear $13.50

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-05-29 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-08 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Bullish

Target $16.50

Why

Momentum18 · Δ7d +0.1

Value57 · Δ7d -

Sentiment48 · Δ7d +4.5

So what

Weak posture (Net Bullish). Prioritize risk control and patience.

Lead driver: Value · See fundamentals

Momentum

34% active weight

Current posture

7d trendSoftening

Δ7d

+0.1

Δ21d

-14.7

Value

32% active weight

Current posture

7d trendSoftening

Δ7d

Δ21d

Sentiment

33% active weight

Current posture

7d trendImproving

Δ7d

+4.5

Δ21d

+14.6

Why this grade

Composite grade D. Momentum 17.6 / Value 57.4 / Sentiment 48.4

Fundamentals (TTM)

As of 2026-05-29

Market Cap

$1.09B

Beta

1.13

Shares Out

59.18M

P/E (TTM) · Derived

-8.8

P/S (TTM)

1.98

P/FCF (TTM) · Derived

-9.17

Rev YoY

-8.9%

EPS YoY

-48.9%

Gross Margin

+49.9%

Op Margin

-18.6%

Net Debt

$2.42B

Current Ratio

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology