JBGS

JBG SMITH PropertiesD

NYSE / Equity Real Estate Investment Trusts (REITs)

At close

2026-07-20

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

Value remains the lead driver in the composite.

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)

0 · Net Neutral

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

Data freshness

Prices

As of 2026-07-20

Fundamentals

As of 2026-07-21 • Vendor: Data Vendor v1

Scores

As of 2026-07-20 • Model: HYBRID_IC_RP

AI Memo

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

Investment thesis

As of 2026-07-20

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Neutral

Target $15.00

Why

Momentum18 · Δ7d -1.0

Value57 · Δ7d -

Sentiment46 · Δ7d -5.3

So what

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

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendSoftening

Δ7d

-1.0

Δ21d

-2.8

Value

39% active weight

Current posture

7d trendSoftening

Δ7d

Δ21d

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-5.3

Δ21d

-0.5

Why this grade

Composite grade D. Momentum 18.4 / Value 57.4 / Sentiment 46.1

Fundamentals (TTM)

As of 2026-07-21

Market Cap

$1.08B

Beta

1.13

Shares Out

58.26M

P/E (TTM) · Derived

-8.9

P/S (TTM)

1.98

P/FCF (TTM) · Derived

-12.27

Rev YoY

+5.7%

EPS YoY

-43.6%

Gross Margin

+24.6%

Op Margin

-18.6%

Net Debt

$2.45B

Current Ratio

4.53

As of 2026-07-20 • Updated nightlySource: Internal modelMethodology