JBGS - JBG SMITH Properties
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$18.33
DETAILS
HIGH:
$19.00
LOW:
$18.00
MEDIAN:
$18.00
CONSENSUS:
$18.33
UPSIDE:
26.33%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 498.6 | 547.3 | 604.2 | 605.8 | 634.4 | 602.7 | 646.4 | 644.2 | 543.0 | 478.5 | 470.6 | 472.9 | 476.3 |
| Cost of Revenue | 570.7 | 273.5 | 290.7 | 306.7 | 328.6 | 331.4 | 321.6 | 309.0 | 229.4 | 173.6 | 175.7 | 171.1 | 167.8 |
| Gross Profit | (72.1) | 273.8 | 313.5 | 299.1 | 305.7 | 271.3 | 324.8 | 335.2 | 313.6 | 304.9 | 294.9 | 301.9 | 308.5 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 58.8 | 55.4 | 63.7 | 70.1 | 78.3 | 89.0 | 69.8 | 76.4 | 52.3 | 47.3 | 51.2 | 50.3 |
| Other Expenses | (65.7) | 208.2 | 210.2 | 213.8 | 236.3 | 193.0 | 0 | (27.7) | (127.7) | (6.5) | 145.0 | 112.0 | 108.6 |
| Operating Expenses | (65.7) | 267.0 | 265.6 | 277.4 | 306.4 | 271.3 | 89.0 | 281.2 | 238.0 | 185.6 | 192.3 | 163.3 | 158.8 |
| Operating Income | |||||||||||||
| Operating Income | (6.4) | 6.3 | 48.0 | 21.7 | (0.7) | 0 | 235.8 | 54.0 | (52.2) | 112.8 | 102.6 | 138.6 | 149.7 |
| Interest Expense | 151.7 | 116.6 | 91.1 | 75.9 | 68.0 | 62.9 | 52.7 | 74.4 | 58.1 | 50.1 | 50.8 | 56.0 | 64.5 |
| Interest Income | 0 | (5.8) | 6.0 | 3.2 | 8.8 | 0 | 5.4 | 15.2 | 1.8 | 3.3 | 2.6 | 1.3 | 0.1 |
| Profitability | |||||||||||||
| EBITDA | 169.8 | 214.4 | 214.7 | 396.5 | 218.3 | 213.5 | 235.0 | 332.4 | 132.0 | 248.4 | 247.9 | 250.7 | 250.6 |
| EBIT | (20.2) | 6.3 | (0.9) | 178.7 | (22.2) | (12.1) | 44.2 | 116.7 | (32.5) | 113.4 | 100.9 | 137.5 | 140.7 |
| Income Before Tax | (171.9) | (177.0) | (92.0) | 100.2 | (86.2) | (71.5) | 72.8 | 45.9 | (89.0) | 63.1 | 46.7 | 81.5 | 76.2 |
| Income Tax Expense | (3.8) | 0.8 | (0.3) | 1.3 | 3.5 | (4.3) | (1.3) | (0.7) | (9.9) | 1.1 | 0.4 | 0.2 | (12.5) |
| Net Income | (139.1) | (143.5) | (80.0) | 85.4 | (79.3) | (62.3) | 65.6 | 39.9 | (71.8) | 62.0 | 46.3 | 81.3 | 88.7 |
| Per Share Data | |||||||||||||
| EPS (Basic) | -2.09 | -1.65 | -0.78 | 0.70 | -0.63 | -0.49 | 0.48 | 0.34 | -0.68 | 0.52 | 0.42 | 0.69 | 0.75 |
| EPS (Diluted) | -2.09 | -1.65 | -0.78 | 0.70 | -0.63 | -0.49 | 0.48 | 0.34 | -0.68 | 0.52 | 0.42 | 0.69 | 0.75 |
| Shares Outstanding | 67.4 | 88.3 | 105.1 | 119.0 | 130.8 | 133.5 | 130.7 | 119.2 | 104.9 | 118.5 | 118.5 | 118.5 | 118.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 75.3 | 145.8 | 164.8 | 241.1 | 264.4 | 225.6 | 126.4 | 260.6 | 316.7 | 29 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 204.7 | 193.6 | 215.5 | 227.1 | 236.8 | 226.4 | 222.7 | 190.0 | 193.0 | 245.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.4 | 0 |
| Other Current Assets | 28.0 | 37.4 | 35.7 | 33.0 | 37.7 | 37.7 | 16.1 | 139.0 | 30.2 | 3.3 |
| Total Current Assets | 317.6 | 387.7 | 429.5 | 518.1 | 557.9 | 532.3 | 380.9 | 589.6 | 555.3 | 277.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 41.5 | 44.0 | 60.3 | 1.4 | 182.6 | 45.5 | 19.9 | 4,740.9 | 5,006.2 | 3,224.6 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 30.3 | 47 | 56.6 | 68.2 | 202.0 | 58.6 | 72.3 | 89.9 | 126.5 | 3.1 |
| Long-Term Investments | 150.1 | 124.6 | 289.6 | 320.2 | 481.6 | 461.4 | 543.0 | 322.9 | 261.8 | 49.8 |
| Other Non-Current Assets | 3,848.6 | 4,417.3 | 4,682.5 | 4,995.6 | 4,962.1 | 4,981.7 | 4,970.2 | (5,743.2) | (5,949.7) | (3,554.7) |
| Total Non-Current Assets | 4,070.6 | 4,632.9 | 5,089.0 | 5,385.3 | 5,828.3 | 5,547.2 | 5,605.3 | 5,407.7 | 5,516.6 | 3,383.4 |
| Total Assets | 4,388.2 | 5,020.5 | 5,518.5 | 5,903.4 | 6,386.2 | 6,079.5 | 5,986.3 | 5,997.3 | 6,071.8 | 3,660.6 |
| Current Liabilities | ||||||||||
| Account Payables | 84.7 | 101.1 | 124.9 | 138.1 | 106.1 | 103.1 | 157.7 | 131.0 | 138.6 | 40.9 |
| Short-Term Debt | 205 | 85 | 123.6 | 0 | 300 | 0 | 200 | 0 | 337.5 | 0 |
| Deferred Revenue | 0 | 0 | (24.1) | 0 | 0 | 0 | 0 | (2,135.5) | 0 | (1,165.0) |
| Other Current Liabilities | 0 | 0.9 | (37.5) | 0 | 0 | 0 | 0 | 68.5 | (303.5) | 0 |
| Total Current Liabilities | 302.9 | 204.6 | 186.9 | 167.7 | 438.7 | 137.2 | 357.7 | 134.7 | 138.6 | 324.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,297.6 | 2,485.0 | 2,438.6 | 2,437.2 | 2,176.4 | 1,991.7 | 1,423.1 | 2,135.5 | 1,850.5 | 1,165.0 |
| Deferred Tax Liabilities | 0 | 3.9 | 3.3 | 4.9 | 5.3 | 2.5 | 5.5 | 6.9 | 8.2 | 26.5 |
| Other Non-Current Liabilities | 64.1 | 33.0 | 109.7 | 55.5 | 80.5 | 106.1 | 81.3 | 54.5 | 411.4 | (23.0) |
| Total Non-Current Liabilities | 2,416.4 | 2,583.2 | 2,639.1 | 2,540.3 | 2,486.3 | 2,205.4 | 1,629.1 | 2,317.1 | 2,349.3 | 1,214.5 |
| Total Liabilities | 2,719.3 | 2,787.8 | 2,825.9 | 2,708.0 | 2,925.1 | 2,342.6 | 1,986.8 | 2,451.8 | 2,487.9 | 1,538.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.7 | 0.8 | 0.9 | 1.1 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 2,121.7 |
| Retained Earnings | (1,180.4) | (997.3) | (777.0) | (628.6) | (609.3) | (412.9) | (231.2) | (176.0) | (95.8) | 0 |
| Accumulated Other Comprehensive Income | (1.6) | 15.1 | 20.0 | 45.6 | (15.9) | (40.0) | (16.7) | 6.7 | 1.6 | 0.3 |
| Total Stockholders' Equity | 1,157.6 | 1,809.1 | 2,222.9 | 2,681.9 | 2,915.9 | 3,206.0 | 3,386.5 | 2,987.4 | 2,970.6 | 2,121.7 |
| Total Liabilities & Equity | 4,388.2 | 5,020.5 | 5,518.5 | 5,903.4 | 6,386.2 | 6,079.5 | 5,986.3 | 5,997.3 | 6,071.8 | 3,660.6 |
| Debt Metrics | ||||||||||
| Total Debt | 2,543.3 | 2,618.3 | 2,637.8 | 2,464.0 | 2,680.6 | 2,077.0 | 1,702.3 | 2,135.5 | 2,203.8 | 1,165.0 |
| Net Debt | 2,468.1 | 2,472.5 | 2,473.0 | 2,222.9 | 2,416.3 | 1,851.4 | 1,575.9 | 1,875.0 | 1,887.1 | 1,136.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (139.1) | (177.8) | (91.7) | 99.0 | (89.7) | (67.3) | 74.1 | 46.6 | (79.1) | 62.0 |
| Depreciation & Amortization | 197.6 | 215.0 | 215.6 | 217.8 | 240.5 | 225.6 | 195.8 | 215.7 | 164.6 | 135.1 |
| Stock-Based Compensation | 24.9 | 29.5 | 32.1 | 41.3 | 51.6 | 66.1 | 65.3 | 52.7 | 33.7 | 4.5 |
| Change in Working Capital | (5.2) | 9.4 | (22.5) | (15.2) | 0.6 | (47.0) | (44.8) | (47.3) | (16.8) | (38.1) |
| Other Non-Cash Items | (5.0) | 53.3 | 49.9 | (164.8) | (13.5) | 16.2 | (115.1) | (78.7) | (17.8) | 0.6 |
| Operating Cash Flow | 73.3 | 129.4 | 183.4 | 178.0 | 217.6 | 169.0 | 174.0 | 188.2 | 74.2 | 159.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (122.3) | (218.0) | (333.7) | (326.7) | (173.2) | (307.5) | (441.0) | 3.9 | (210.6) | (237.8) |
| Acquisitions | 0 | 0 | (0.6) | (91.6) | (41.8) | (14.6) | (18.7) | (31.6) | (25.2) | (25.0) |
| Purchases of Investments | 0 | (6.2) | (9.8) | 0 | (250.1) | (85.8) | 0 | (0.7) | (2.2) | (25.0) |
| Sales/Maturities of Investments | 0 | 0 | 1.9 | 19.0 | 14.4 | 154.5 | 0 | 493.4 | 6.9 | 4 |
| Other Investing Activities | 357.3 | 150.3 | (89.6) | 923.3 | 82.0 | 85.7 | 219.0 | 94.7 | 223.3 | (231.6) |
| Investing Cash Flow | 357.3 | 144.2 | (98.2) | 524.0 | (368.7) | (167.7) | (240.7) | 66.3 | (7.7) | (256.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (224.7) | 12.9 | 295.3 | (240.9) | 464.4 | 372.5 | (516.9) | (60.6) | 129.6 | 55.1 |
| Stock Repurchased | (443.7) | (170.8) | (335.3) | (361.0) | (157.7) | (104.8) | 0 | 0.6 | 0 | 0 |
| Dividends Paid | (48.4) | (62.0) | (94.0) | (107.7) | (118.1) | (120.0) | (129.8) | (107.4) | (26.5) | (3.8) |
| Other Financing Activities | 206.3 | (71.0) | (24.8) | (20.4) | 1.3 | (28.2) | (16.3) | (26.2) | 136.7 | (0.3) |
| Financing Cash Flow | (510.5) | (290.8) | (158.8) | (730.1) | 189.9 | 119.5 | (190.3) | (193.5) | 239.8 | 51.1 |
| Cash Position | ||||||||||
| Net Change in Cash | (79.9) | (17.2) | (73.6) | (28.0) | 38.8 | 120.8 | (257.0) | 61.0 | 306.3 | (46.0) |
| Cash at Beginning | 183.2 | 200.4 | 274.1 | 302.1 | 263.3 | 142.5 | 399.5 | 338.6 | 32.3 | 75.0 |
| Cash at End | 103.3 | 183.2 | 200.4 | 274.1 | 302.1 | 263.3 | 142.5 | 399.5 | 338.6 | 29 |
| Free Cash Flow | (49.0) | (88.6) | (150.4) | (148.7) | 44.4 | (138.5) | (267.0) | 192.1 | (136.4) | (78.3) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 498.6 | 547.3 | 604.2 | 605.8 | 634.4 | 602.7 | 646.4 | 644.2 | 543.0 | 478.5 | 470.6 | 472.9 | 476.3 |
| Gross Profit | (72.1) | 273.8 | 313.5 | 299.1 | 305.7 | 271.3 | 324.8 | 335.2 | 313.6 | 304.9 | 294.9 | 301.9 | 308.5 |
| Operating Income | (6.4) | 6.3 | 48.0 | 21.7 | (0.7) | 0 | 235.8 | 54.0 | (52.2) | 112.8 | 102.6 | 138.6 | 149.7 |
| Net Income | (139.1) | (143.5) | (80.0) | 85.4 | (79.3) | (62.3) | 65.6 | 39.9 | (71.8) | 62.0 | 46.3 | 81.3 | 88.7 |
| EPS (Diluted) | -2.09 | -1.65 | -0.78 | 0.70 | -0.63 | -0.49 | 0.48 | 0.34 | -0.68 | 0.52 | 0.42 | 0.69 | 0.75 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 75.3 | 145.8 | 164.8 | 241.1 | 264.4 | 225.6 | 126.4 | 260.6 | 316.7 | 29 | |||
| Total Assets | 4,388.2 | 5,020.5 | 5,518.5 | 5,903.4 | 6,386.2 | 6,079.5 | 5,986.3 | 5,997.3 | 6,071.8 | 3,660.6 | |||
| Total Debt | 2,543.3 | 2,618.3 | 2,637.8 | 2,464.0 | 2,680.6 | 2,077.0 | 1,702.3 | 2,135.5 | 2,203.8 | 1,165.0 | |||
| Stockholders' Equity | 1,157.6 | 1,809.1 | 2,222.9 | 2,681.9 | 2,915.9 | 3,206.0 | 3,386.5 | 2,987.4 | 2,970.6 | 2,121.7 | |||
| Cash Flow | |||||||||||||
| Operating Cash Flow | 73.3 | 129.4 | 183.4 | 178.0 | 217.6 | 169.0 | 174.0 | 188.2 | 74.2 | 159.5 | |||
| Capital Expenditure | (122.3) | (218.0) | (333.7) | (326.7) | (173.2) | (307.5) | (441.0) | 3.9 | (210.6) | (237.8) | |||
| Free Cash Flow | (49.0) | (88.6) | (150.4) | (148.7) | 44.4 | (138.5) | (267.0) | 192.1 | (136.4) | (78.3) | |||