Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
06 July 2017Website:
http://www.jbgsmith.comNext earnings report:
20 February 2025Last dividends:
07 November 2024Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 22:05:00 GMTAnalysts recommendations
Institutional Ownership
JBGS Latest News
JBG SMITH Properties is a government-dependent office REIT pivoting to multifamily properties. The REIT has marginally underperformed the Vanguard Real Estate Index Fund ETF so far in 2024. Core FFO crashed 50% Y/Y in Q2 2024 to $0.18/share on higher office vacancies and elevated interest expenses.
There are plenty of dividend stocks available, but occasionally you find one that grabs the interest of Wall Street.
Monumental Sports plans to move the Washington Wizards' and Washington Capitals' home arena to Alexandria-Potomac Yard, sparking interest in the real estate market. Washington DC has experienced steady population growth and job growth, making it an attractive location for real estate investment. The demand for multifamily housing is in balance, but the demand for office space is diminishing, creating potential investment opportunities in the real estate market.
JBG SMITH Properties stock has returned 29% since my initial Buy recommendation and has significantly outperformed the S&P 500. The planned relocation of the Washington Wizards and Washington Capitals to National Landing is a key positive for JBGS. I am not concerned by the company's recent dividend reduction as I prefer to see the company focus on share repurchases.
JBG Smith Properties shares have underperformed the S&P 500 and the real estate sector over the past 5 years. JBGS has been focused on shifting its business mix to be more balanced between commercial and multifamily properties. The company has been aggressively repurchasing shares, indicating confidence in its position and sending investors an important signal about valuation.
Office REITs are struggling due to the work-from-home trend, resulting in low occupancy and rents. JBG Smith Properties is aggressively recycling assets and focusing on the fast-growing National Landing area. JBGS investors have endured a long-term loss of share price and as revenues continue declining, there is significant risk of a dividend cut.
JBG SMITH is a Maryland REIT that owns and operates a portfolio of multi-family and commercial assets in the Washington, DC metropolitan area. Management expects payments for lease agreements until 2031. JBG expects to open new assets for lease in 2023 and 2024. As a result, I believe that the NAV may increase.
What type of business is JBG SMITH Properties?
JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's new headquarters; Virginia Tech's under-construction $1 billion Innovation Campus; the submarket's proximity to the Pentagon; and JBG SMITH's deployment of 5G digital infrastructure. JBG SMITH's dynamic portfolio currently comprises 14.2 million square feet of high-growth office, multifamily, and retail assets at share, 99% of which are Metro-served. It also maintains a development pipeline encompassing 8.8 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually.
What sector is JBG SMITH Properties in?
JBG SMITH Properties is in the Real Estate sector
What industry is JBG SMITH Properties in?
JBG SMITH Properties is in the Office industry
What country is JBG SMITH Properties from?
JBG SMITH Properties is headquartered in United States
When did JBG SMITH Properties go public?
JBG SMITH Properties initial public offering (IPO) was on 06 July 2017
What is JBG SMITH Properties website?
https://www.jbgsmith.com
Is JBG SMITH Properties in the S&P 500?
No, JBG SMITH Properties is not included in the S&P 500 index
Is JBG SMITH Properties in the NASDAQ 100?
No, JBG SMITH Properties is not included in the NASDAQ 100 index
Is JBG SMITH Properties in the Dow Jones?
No, JBG SMITH Properties is not included in the Dow Jones index
When was JBG SMITH Properties the previous earnings report?
No data
When does JBG SMITH Properties earnings report?
The next expected earnings date for JBG SMITH Properties is 20 February 2025