B+
Bull case
25%
Probability
Target price
$14.00
Analysis reference price unavailable
Analysis 2026-10-15 · RankAlpha Sentiment Codex
JBGS
JBG SMITH PropertiesCNYSE / Equity Real Estate Investment Trusts (REITs)
Last Price
Quote time unavailable
Current thesis
The extended revolver buys time for stronger National Landing leasing to become occupied space and for asset sales or joint ventures to release capital. Adjusted annualized NOI rose 1.3% sequentially in Q2 despite weak same-store results.
Posture
Mixed
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-26.
What can break
Management described elevated interest rates and subdued real-estate transaction activity, which could delay asset monetization. [#SEC-8K-2026-08-10]
Momentum
24
Value
60
Sentiment
49
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $11.80 · Bull $14.00 · Bear $8.00Analysis 2026-10-15; returns require an exact persisted reference.
Earnings
2026-10-26
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-15 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-23
Investment thesis
As of 2026-10-23
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $12.00
Why
Momentum24 · Δ7d -2.5
Value60 · Δ7d -
Sentiment49 · Δ7d -5.9
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Next scheduled catalyst: earnings 2026-10-26.
- • Value remains the lead driver in the composite.
Contradictions & invalidation
- • Management described elevated interest rates and subdued real-estate transaction activity, which could delay asset monetization. [#SEC-8K-2026-08-10]
- • Office occupancy was 75.4% at June 30, leaving lease-up and rent-conversion execution risk. [#SEC-8K-2026-08-10]
- • Q2 same-store NOI declined 4.0%, office occupancy remained 75.4%, and Core FFO was $0.18 per diluted share.
Catalyst clock
2026-10-26
Refinancing reduces near-term maturity pressure
Lead driver: Value · See fundamentals
Momentum
24
8% active weight
Current posture
7d trendFlat
Δ7d
-2.5
Δ21d
+12.9
Value
60
47% active weight
Current posture
7d trendSoftening
Δ7d
-
Δ21d
-
Sentiment
49
45% active weight
Current posture
7d trendSoftening
Δ7d
-5.9
Δ21d
-46.2
Why this grade
Composite grade C. Momentum 24.2 / Value 59.9 / Sentiment 48.6
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-15. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$11.80
Analysis reference price unavailable
Analysis 2026-10-15 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$8.00
Analysis reference price unavailable
Analysis 2026-10-15 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-23
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$863.34M
Beta
1.13
Shares Out
58.58M
P/E (TTM) · Derived
-7.0
P/S (TTM)
1.98
P/FCF (TTM) · Derived
-11.36
Rev YoY
+2.3%
EPS YoY
+255.7%
Gross Margin
+25.5%
Op Margin
+0.4%
Net Debt
$2.45B
Current Ratio
4.89
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data