Streetbeat News

JBGS

JBG SMITH Properties

https://www.jbgsmith.com

Industry

REIT - Office

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.

Open

17.32

Mkt cap

1.5B

Volume

565K

High

17.57

P/E Ratio

-13.59

52-wk high

18.86

Low

17.26

Div yield

0.06

52-wk low

12.63

JBG SMITH Properties (NYSE:JBGS) reported Q3 2024 earnings per share of $0.23, surpassing the consensus estimate of $0.22. However, this represents a 42.5% decline from the previous year's $0.40 per share. Sales were $136.026 million, also beating estimates but down 10.25% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:29 pm

Evercore ISI Group analyst Steve Sakwa maintains an Underperform rating on JBG SMITH Properties (NYSE:JBGS) but raises the price target from $16 to $17.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:19 pm

JBG SMITH Properties (NYSE: JBGS) reported Q2 2024 earnings per share (EPS) of $0.18, missing the analyst estimate of $0.26 by 30.77%. However, the company reported sales of $135.320 million, beating the estimate of $111.669 million by 21.18%. Compared to the same period last year, EPS decreased by 50% and sales decreased by 11.03%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:12 pm

JBG SMITH (NYSE:JBGS) has announced the formation of LEO Impact Capital, a new platform focused on acquiring, operating, and preserving middle-income housing in rapidly growing neighborhoods. LEO aims to address rising housing costs and integrate investment and asset management functions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:04 pm

JBG SMITH Props (NYSE:JBGS) reported Q1 2024 FFO EPS of $0.29, meeting analyst estimates but with a 12.12% decrease from the previous year. Sales were $145.184M, missing estimates by 1.72% and down 5.08% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:38 pm

Evercore ISI Group analyst Steve Sakwa has maintained an Underperform rating on JBG SMITH Props (NYSE:JBGS) and reduced the price target from $16 to $14.5.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:59 pm

JBG SMITH Props (NYSE:JBGS) reported Q4 2023 FFO of $0.38 per share, surpassing the $0.29 estimate, and sales of $147.58M, exceeding the $120.70M estimate. This represents a 26.67% increase in earnings and a 2.10% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:35 pm

Earnings reports for various companies are scheduled for February 20, 2024, with a mix of projected earnings and losses across different sectors. Notable companies include Walmart, Home Depot, Medtronic, and Barclays, among others, with expectations ranging from significant profits to losses per share.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:52 am

Essential Properties Realty Trust, Inc. (EPRT) announced the retirement of Chairman Paul T. Bossidy, effective December 31, 2023, and the appointment of Scott A. Estes as the new Board Chair. Bossidy's retirement is not due to any disagreement with the company's operations or practices. The Board will be reduced from eight to seven members. CEO Mavoides praised Bossidy's contributions and expressed confidence in Estes, who has extensive REIT industry experience and has served in leadership roles at Welltower, Inc. (WELL) and is involved with JBG SMITH Properties (JBGS) and American Healthcare REIT (AHTR).

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:25 pm

JBG SMITH Props (NYSE:JBGS) reported Q3 2023 earnings of $0.40 per share, up 11.11% YoY. The company also reported quarterly sales of $151.56 million, beating the analyst consensus estimate of $119.38 million by 26.96% and marking a 2.67% increase over sales of $147.61 million the same period last year.

Portfolio Pulse from saritha@benzinga.com

November 07, 2023 | 9:50 pm

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