Recent Insider Transactions • Jun 10
Insider recently sold US$300k worth of stock On the 8th of June, Steven Museles sold around 20k shares on-market at roughly US$15.01 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.5m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jun 09
Insider notifies of intention to sell stock Steven Museles intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of June. If the sale is conducted around the recent share price of US$15.01, it would amount to US$300k. Steven now holds 20.01k shares directly in their own name. Company insiders have collectively sold US$2.4m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 07
First quarter 2026 earnings released: US$0.32 loss per share (vs US$0.56 loss in 1Q 2025) First quarter 2026 results: US$0.32 loss per share (improved from US$0.56 loss in 1Q 2025). Revenue: US$127.6m (up 6.3% from 1Q 2025). Net loss: US$18.7m (loss narrowed 59% from 1Q 2025). Revenue is expected to decline by 8.0% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • May 04
Fourth quarter dividend of US$0.17 announced Dividend of US$0.17 is the same as last year. Ex-date: 14th May 2026 Payment date: 28th May 2026 Dividend yield will be 4.8%, which is lower than the industry average of 5.5%. Announcement • May 02
JBG SMITH Properties announces Quarterly dividend, payable on May 28, 2026 JBG SMITH Properties announced Quarterly dividend of USD 0.1750 per share payable on May 28, 2026, ex-date on May 14, 2026 and record date on May 14, 2026. Announcement • Apr 15
JBG SMITH Properties to Report Q1, 2026 Results on May 05, 2026 JBG SMITH Properties announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 05, 2026 Buy Or Sell Opportunity • Apr 07
Now 22% overvalued Over the last 90 days, the stock has fallen 14% to US$14.52. The fair value is estimated to be US$11.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 04
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Price Target Changed • Mar 30
Price target decreased by 14% to US$15.00 Down from US$17.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$14.71. Stock is down 8.7% over the past year. The company posted a net loss per share of US$2.09 last year. Announcement • Mar 19
JBG SMITH Properties, Annual General Meeting, Apr 30, 2026 JBG SMITH Properties, Annual General Meeting, Apr 30, 2026. Price Target Changed • Feb 20
Price target decreased by 8.1% to US$17.00 Down from US$18.50, the current price target is an average from 2 analysts. New target price is 8.3% above last closing price of US$15.69. Stock is up 5.2% over the past year. The company posted a net loss per share of US$2.09 last year. Reported Earnings • Feb 18
Full year 2025 earnings released: US$2.06 loss per share (vs US$1.65 loss in FY 2024) Full year 2025 results: US$2.06 loss per share. Revenue: US$498.6m (down 8.8% from FY 2024). Net loss: US$139.1m (loss narrowed 4.7% from FY 2024). Revenue is expected to decline by 6.4% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 2.0%. Announcement • Jan 21
JBG SMITH Properties to Report Q4, 2025 Results on Feb 17, 2026 JBG SMITH Properties announced that they will report Q4, 2025 results After-Market on Feb 17, 2026 Declared Dividend • Dec 19
Third quarter dividend of US$0.17 announced Dividend of US$0.17 is the same as last year. Ex-date: 30th December 2025 Payment date: 13th January 2026 Dividend yield will be 4.1%, which is lower than the industry average of 5.5%. Announcement • Dec 17
Jbg Smith Declares A Quarterly Common Dividend, Payable on January 13, 2026 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on January 13, 2026 to common shareholders of record as of December 30, 2025. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (212% payout ratio). Significant insider selling over the past 3 months (US$1.8m sold). Recent Insider Transactions • Nov 02
Insider recently sold US$609k worth of stock On the 31st of October, Steven Museles sold around 31k shares on-market at roughly US$19.50 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.0m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Oct 31
Insider notifies of intention to sell stock Steven Museles intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of October. If the sale is conducted around the recent share price of US$19.41, it would amount to US$291k. Since March 2025, Steven's direct individual holding has increased from 5.88k shares to 31.26k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Oct 29
Third quarter 2025 earnings released: US$0.47 loss per share (vs US$0.32 loss in 3Q 2024) Third quarter 2025 results: US$0.47 loss per share (further deteriorated from US$0.32 loss in 3Q 2024). Revenue: US$123.9m (down 8.4% from 3Q 2024). Net loss: US$28.6m (loss widened 4.1% from 3Q 2024). Revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 2.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 27
Second quarter dividend of US$0.17 announced Dividend of US$0.17 is the same as last year. Ex-date: 6th November 2025 Payment date: 20th November 2025 Dividend yield will be 3.3%, which is lower than the industry average of 5.5%. Announcement • Oct 24
JBG SMITH Declares Quarterly Common Dividend, Payable on November 20, 2025 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on November 20, 2025 to common shareholders of record as of November 6, 2025. Announcement • Oct 08
JBG SMITH Properties to Report Q3, 2025 Results on Oct 28, 2025 JBG SMITH Properties announced that they will report Q3, 2025 results After-Market on Oct 28, 2025 Price Target Changed • Sep 29
Price target increased by 11% to US$19.50 Up from US$17.50, the current price target is an average from 2 analysts. New target price is 10.0% below last closing price of US$21.66. Stock is up 24% over the past year. The company posted a net loss per share of US$1.65 last year. New Risk • Sep 08
New major risk - Revenue and earnings growth Earnings have declined by 28% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (166% payout ratio). Significant insider selling over the past 3 months (US$941k sold). Recent Insider Transactions • Aug 21
Chief Financial Officer recently sold US$505k worth of stock On the 19th of August, Moina Banerjee sold around 25k shares on-market at roughly US$20.58 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Moina's only on-market trade for the last 12 months. Recent Insider Transactions • Aug 03
Insider recently sold US$217k worth of stock On the 31st of July, Angela Valdes sold around 10k shares on-market at roughly US$21.53 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months. Reported Earnings • Jul 30
Second quarter 2025 earnings released: US$0.28 loss per share (vs US$0.27 loss in 2Q 2024) Second quarter 2025 results: US$0.28 loss per share. Revenue: US$126.5m (down 6.4% from 2Q 2024). Net loss: US$19.2m (loss narrowed 23% from 2Q 2024). Revenue is expected to decline by 9.0% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 2.5%. Declared Dividend • Jul 28
First quarter dividend of US$0.17 announced Dividend of US$0.17 is the same as last year. Ex-date: 7th August 2025 Payment date: 21st August 2025 Dividend yield will be 3.6%, which is lower than the industry average of 5.5%. Announcement • Jul 25
JBG SMITH Declares Quarterly Common Dividend, Payable on August 21, 2025 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on August 21, 2025 to common shareholders of record as of August 7, 2025. Announcement • Jul 16
The Peterson Companies, LLC acquired The Batley from JBG SMITH Properties (NYSE:JBGS) for approximately $160 million. The Peterson Companies, LLC acquired The Batley from JBG SMITH Properties (NYSE:JBGS) for approximately $160 million on July 15, 2025. A cash consideration of $155 million will be paid by The Peterson Companies, LLC. As part of consideration, $155 million is paid towards assets of The Batley. The deal involved a loan of $84.2 million, and the lender was another Peterson Companies affiliate.
The Peterson Companies, LLC completed the acquisition of The Batley from JBG SMITH Properties (NYSE:JBGS) on July 15, 2025. New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (157% payout ratio). Announcement • Jul 09
JBG SMITH Properties to Report Q2, 2025 Results on Jul 29, 2025 JBG SMITH Properties announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Reported Earnings • Apr 30
First quarter 2025 earnings released: US$0.073 FFO loss per share (vs US$0.11 profit in 1Q 2024) First quarter 2025 results: US$0.073 FFO loss per share (down from US$0.11 profit in 1Q 2024). Revenue: US$120.7m (down 17% from 1Q 2024). Funds from operations (FFO) loss: US$6.23m (down 158% from profit in 1Q 2024). Revenue is expected to decline by 7.3% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 2.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 28
Fourth quarter dividend of US$0.17 announced Dividend of US$0.17 is the same as last year. Ex-date: 8th May 2025 Payment date: 22nd May 2025 Dividend yield will be 4.8%, which is lower than the industry average of 5.5%. Announcement • Apr 25
JBG SMITH Declares Quarterly Common Dividend, Payable on May 22, 2025 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on May 22, 2025 to common shareholders of record as of May 8, 2025. Announcement • Apr 09
JBG SMITH Properties to Report Q1, 2025 Results on Apr 29, 2025 JBG SMITH Properties announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Announcement • Mar 13
JBG SMITH Properties, Annual General Meeting, Apr 24, 2025 JBG SMITH Properties, Annual General Meeting, Apr 24, 2025. New Risk • Mar 10
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (111% payout ratio). Reported Earnings • Feb 19
Full year 2024 earnings released: US$1.63 loss per share (vs US$0.78 loss in FY 2023) Full year 2024 results: US$1.63 loss per share (further deteriorated from US$0.78 loss in FY 2023). Revenue: US$547.3m (down 9.7% from FY 2023). Net loss: US$143.5m (loss widened 75% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Jan 22
JBG SMITH Properties to Report Q4, 2024 Results on Feb 18, 2025 JBG SMITH Properties announced that they will report Q4, 2024 results After-Market on Feb 18, 2025 Upcoming Dividend • Dec 23
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 30 December 2024. Payment date: 14 January 2025. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.5%). In line with average of industry peers (4.7%). Announcement • Dec 17
JBG SMITH Declares Quarterly Common Dividend, Payable on January 14, 2025 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on January 14, 2025 to common shareholders of record as of December 30, 2024. Price Target Changed • Dec 03
Price target decreased by 11% to US$15.50 Down from US$17.50, the current price target is an average from 2 analysts. New target price is 5.5% below last closing price of US$16.41. Stock is up 10% over the past year. The company is forecast to post a net loss per share of US$1.31 next year compared to a net loss per share of US$0.78 last year. Recent Insider Transactions • Nov 06
Independent Trustee recently sold US$345k worth of stock On the 1st of November, Scott Estes sold around 20k shares on-market at roughly US$17.26 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$347k. Insiders have been net sellers, collectively disposing of US$1.1m more than they bought in the last 12 months. Reported Earnings • Oct 30
Third quarter 2024 earnings released: US$0.32 loss per share (vs US$0.58 loss in 3Q 2023) Third quarter 2024 results: US$0.32 loss per share (improved from US$0.58 loss in 3Q 2023). Revenue: US$136.0m (down 8.9% from 3Q 2023). Net loss: US$27.0m (loss narrowed 54% from 3Q 2023). Revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 28
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 7th November 2024 Payment date: 22nd November 2024 Dividend yield will be 3.9%, which is lower than the industry average of 5.5%. Announcement • Oct 25
JBG Smith Declares A Quarterly Common Dividend, Payable on November 22, 2024 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on November 22, 2024 to common shareholders of record as of November 7, 2024. Announcement • Oct 09
JBG SMITH Properties to Report Q3, 2024 Results on Oct 29, 2024 JBG SMITH Properties announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Recent Insider Transactions • Aug 30
Chief Development Officer recently sold US$347k worth of stock On the 27th of August, Kevin Reynolds sold around 20k shares on-market at roughly US$17.36 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$720k more than they bought in the last 12 months. New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Major Estimate Revision • Aug 07
Consensus EPS estimates upgraded to US$1.35 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$469.1m to US$455.9m. 2024 losses expected to reduce from -US$1.51 to -US$1.35 per share. Office REITs industry in the US expected to see average net income growth of 13% next year. Consensus price target up from US$16.00 to US$16.50. Share price was steady at US$16.48 over the past week. Reported Earnings • Jul 31
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: US$0.27 loss per share (further deteriorated from US$0.10 loss in 2Q 2023). Revenue: US$135.3m (down 11% from 2Q 2023). Net loss: US$24.4m (loss widened 116% from 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is expected to decline by 15% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 28
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 7th August 2024 Payment date: 21st August 2024 Dividend yield will be 4.4%, which is lower than the industry average of 5.5%. Announcement • Jul 25
JBG SMITH Declares a Quarterly Common Dividend, Payable on August 21, 2024 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on August 21, 2024 to common shareholders of record as of August 7, 2024. Announcement • Jul 10
JBG SMITH Properties to Report Q2, 2024 Results on Jul 30, 2024 JBG SMITH Properties announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Announcement • Jun 28
JBG SMITH Properties has filed a Follow-on Equity Offering. JBG SMITH Properties has filed a Follow-on Equity Offering.
Security Name: Common Shares of Beneficial Interest
Security Type: Common Stock
Securities Offered: 9,778,452 Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Chairman Emeritus Steve Roth was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • May 02
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 09 May 2024. Payment date: 24 May 2024. Trailing yield: 4.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (5.4%). Reported Earnings • May 01
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.35 loss per share (down from US$0.19 profit in 1Q 2023). Revenue: US$145.2m (down 5.4% from 1Q 2023). Net loss: US$32.3m (down 253% from profit in 1Q 2023). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Apr 28
JBG SMITH Declares Quarterly Dividend, Payable on May 24, 2024 JBG SMITH announced that its board of trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on May 24, 2024 to common shareholders of record as of May 10, 2024. Announcement • Apr 10
JBG SMITH Properties to Report Q1, 2024 Results on Apr 30, 2024 JBG SMITH Properties announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2024 Announcement • Mar 14
JBG SMITH Properties, Annual General Meeting, Apr 25, 2024 JBG SMITH Properties, Annual General Meeting, Apr 25, 2024, at 08:30 Eastern Daylight. Agenda: To elect 10 trustees to the Board of Trustees to serve until the 2025 Annual Meeting of Shareholders and until their successors have been duly elected and qualify; To approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the Company’s Proxy Statement (“Say-on-Pay”); To vote, on a non-binding advisory basis, on whether the Say-on-Pay vote should occur every one, two, or three years ("Say-on-Frequency"); and to discuss other matters. Recent Insider Transactions • Mar 05
Independent Chairman recently bought US$506k worth of stock On the 1st of March, Robert Stewart bought around 30k shares on-market at roughly US$16.87 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (5.4%). Reported Earnings • Feb 21
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: US$0.76 loss per share (down from US$0.70 profit in FY 2022). Revenue: US$604.2m (flat on FY 2022). Net loss: US$80.0m (down 196% from profit in FY 2022). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Feb 15
JBG SMITH Declares Quarterly Common Dividend, Payable on March 15, 2024 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend. The dividend will be paid on March 15, 2024 to common shareholders of record as of March 1, 2024. Announcement • Jan 24
JBG SMITH Properties to Report Q4, 2023 Results on Feb 20, 2024 JBG SMITH Properties announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Recent Insider Transactions • Dec 17
Chief Development Officer recently sold US$260k worth of stock On the 13th of December, Kevin Reynolds sold around 16k shares on-market at roughly US$16.27 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Dec 16
Chief Development Officer notifies of intention to sell stock Kevin Reynolds intends to sell 16k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of December. If the sale is conducted around the recent share price of US$15.54, it would amount to US$249k. Since March 2023, Kevin has owned 16.01k shares directly. There has only been one transaction (US$757k sale) from insiders over the last 12 months. Announcement • Nov 22
Penzance Management, LLC acquired 255,000 square feet Rosslyn Gateway from JBG SMITH Properties (NYSE:JBGS) for $53 million. Penzance Management, LLC acquired 255,000 square feet Rosslyn Gateway from JBG SMITH Properties (NYSE:JBGS) for $53 million on November 14, 2023.
Penzance Management, LLC completed the acquisition of 255,000 square feet Rosslyn Gateway from JBG SMITH Properties (NYSE:JBGS) on November 14, 2023. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.23 per share at 6.5% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Trailing yield: 6.5%. Within top quartile of American dividend payers (5.1%). In line with average of industry peers (6.7%). Announcement • Nov 01
JBG SMITH Properties Declares Quarterly Common Dividend, Payable on December 1, 2023 JBG SMITH Properties announced that its Board of Trustees has declared a quarterly dividend of $0.225 per common share. The dividend will be paid on December 1, 2023 to common shareholders of record as of November 17, 2023. Announcement • Oct 18
JBG SMITH Properties to Report Q3, 2023 Results on Nov 07, 2023 JBG SMITH Properties announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Announcement • Aug 26
Kimco Realty Corporation (NYSE:KIM) acquired Stonebridge at Potomac Town Center in Woodbridgefor approximately $170 million. Kimco Realty Corporation (NYSE:KIM) acquired Stonebridge at Potomac Town Center in Woodbridge for approximately $170 million on August 24, 2023.
Kimco Realty Corporation (NYSE:KIM) completed the acquisition of Stonebridge at Potomac Town Center in Woodbridge on August 24, 2023. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.096 loss per share (vs US$1.02 profit in 2Q 2022) Second quarter 2023 results: US$0.096 loss per share (down from US$1.02 profit in 2Q 2022). Revenue: US$152.1m (up 6.1% from 2Q 2022). Net loss: US$10.5m (down 109% from profit in 2Q 2022). Revenue is expected to decline by 9.1% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.23 per share at 5.3% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 31 August 2023. Trailing yield: 5.3%. Within top quartile of American dividend payers (4.7%). In line with average of industry peers (5.5%). Announcement • Aug 04
JBG SMITH Declares Quarterly Common Cash Dividend, Payable on August 31, 2023 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.225 per common share. The dividend will be paid on August 31, 2023 to common shareholders of record as of August 17, 2023. Announcement • Jul 21
JBG SMITH Properties to Report Q2, 2023 Results on Aug 08, 2023 JBG SMITH Properties announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Upcoming Dividend • Jun 15
Upcoming dividend of US$0.23 per share at 5.9% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 30 June 2023. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.9%). In line with average of industry peers (6.4%). Price Target Changed • May 19
Price target decreased by 7.9% to US$17.50 Down from US$19.00, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$15.11. Stock is down 39% over the past year. The company posted earnings per share of US$0.70 last year. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.19 (vs US$0 in 1Q 2022) First quarter 2023 results: EPS: US$0.19 (up from US$0 in 1Q 2022). Revenue: US$153.0m (down 7.4% from 1Q 2022). Net income: US$21.2m (up US$21.2m from 1Q 2022). Profit margin: 14% (up from 0% in 1Q 2022). Revenue is expected to decline by 5.6% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • May 06
JBG SMITH Declares Quarterly Common Dividend, Payable on June 30, 2023 JBG SMITH announced that its Board of Trustees has declared a quarterly dividend of $0.225 per common share. The dividend will be paid on June 30, 2023 to common shareholders of record as of June 23, 2023. Recent Insider Transactions • Feb 26
Chief Financial Officer recently sold US$757k worth of stock On the 23rd of February, Moina Banerjee sold around 42k shares on-market at roughly US$18.14 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Moina's only on-market trade for the last 12 months. Reported Earnings • Feb 22
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$0.72 (up from US$0.63 loss in FY 2021). Revenue: US$605.8m (down 3.5% from FY 2021). Net income: US$85.4m (up US$167.5m from FY 2021). Profit margin: 14% (up from net loss in FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Jan 19
JBG SMITH Properties to Report Q4, 2022 Results on Feb 21, 2023 JBG SMITH Properties announced that they will report Q4, 2022 results After-Market on Feb 21, 2023 Upcoming Dividend • Dec 21
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 January 2023. Trailing yield: 4.7%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (4.0%). Recent Insider Transactions Derivative • Nov 21
Non-Executive Chairman notifies of intention to sell stock Robert Stewart intends to sell 86k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of November. If the sale is conducted around the recent share price of US$19.17, it would amount to US$1.7m. Since March 2022, Robert's direct individual holding has decreased from 122.79k shares to 86.29k. Company insiders have collectively sold US$2.2m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 17
Non-Executive Chairman recently sold US$718k worth of stock On the 14th of November, Robert Stewart sold around 37k shares on-market at roughly US$19.67 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Price Target Changed • Nov 16
Price target decreased to US$22.50 Down from US$24.50, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$19.40. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$0.75 next year compared to a net loss per share of US$0.63 last year. Price Target Changed • Nov 04
Price target decreased to US$22.50 Down from US$24.50, the current price target is an average from 2 analysts. New target price is 17% above last closing price of US$19.16. Stock is down 37% over the past year. The company is forecast to post earnings per share of US$0.75 next year compared to a net loss per share of US$0.63 last year. Announcement • Nov 03
JBG SMITH Properties (NYSE:JBGS) acquired an additional 3.7% stake in The Wren for $9.5 million. JBG SMITH Properties (NYSE:JBGS) acquired an additional 3.7% stake in The Wren for $9.5 million on October 4, 2022. As a result of the transaction, JBG SMITH Properties increased its ownership to 99.7% in The Wren.JBG SMITH Properties (NYSE:JBGS) completed the acquisition of an additional 3.7% stake in The Wren on October 4, 2022.