JBG SMITH Properties Management

Management criteria checks 2/4

JBG SMITH Properties' CEO is Matt Kelly, appointed in Jul 2017, has a tenure of 7.33 years. total yearly compensation is $7.88M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $1.64M. The average tenure of the management team and the board of directors is 3.9 years and 7.3 years respectively.

Key information

Matt Kelly

Chief executive officer

US$7.9m

Total compensation

CEO salary percentage	9.5%
CEO tenure	7.3yrs
CEO ownership	0.1%
Management average tenure	3.9yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

JBG Smith Properties said to be pitched as long idea at Robin Hood investors conf

Oct 11

JBG SMITH Properties Q2 FFO, revenue down Y/Y

Aug 02

JBG SMITH Properties: Almost There

Feb 28

CEO Compensation Analysis

How has Matt Kelly's remuneration changed compared to JBG SMITH Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$118m
Jun 30 2024	n/a	n/a	-US$150m
Mar 31 2024	n/a	n/a	-US$135m
Dec 31 2023	US$8m	US$750k	-US$82m
Sep 30 2023	n/a	n/a	-US$69m
Jun 30 2023	n/a	n/a	-US$30m
Mar 31 2023	n/a	n/a	US$105m
Dec 31 2022	US$8m	US$750k	US$84m
Sep 30 2022	n/a	n/a	US$45m
Jun 30 2022	n/a	n/a	US$66m
Mar 31 2022	n/a	n/a	-US$61m
Dec 31 2021	US$16m	US$750k	-US$82m
Sep 30 2021	n/a	n/a	-US$71m
Jun 30 2021	n/a	n/a	-US$95m
Mar 31 2021	n/a	n/a	-US$129m
Dec 31 2020	US$7m	US$750k	-US$65m
Sep 30 2020	n/a	n/a	US$15m
Jun 30 2020	n/a	n/a	US$47m
Mar 31 2020	n/a	n/a	US$81m
Dec 31 2019	US$5m	US$750k	US$63m
Sep 30 2019	n/a	n/a	US$28m
Jun 30 2019	n/a	n/a	US$42m
Mar 31 2019	n/a	n/a	US$66m
Dec 31 2018	US$11m	US$750k	US$37m
Sep 30 2018	n/a	n/a	US$23m
Jun 30 2018	n/a	n/a	-US$69m
Mar 31 2018	n/a	n/a	-US$84m
Dec 31 2017	US$6m	US$343k	-US$73m

Compensation vs Market: Matt's total compensation ($USD7.88M) is above average for companies of similar size in the US market ($USD5.34M).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.

CEO

Matt Kelly (51 yo)

7.3yrs

Tenure

US$7,884,883

Compensation

Mr. W. Matthew Kelly, also known as Matt, serves as Chief Executive Officer and Trustee of JBG SMITH Properties (JBG”) since July 18, 2017. Mr. Kelly worked at JBG from August 2004 up until the formation t...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
W. Kelly	CEO & Trustee	7.3yrs	US$7.88m	0.11% $ 1.6m
Moina Banerjee	Chief Financial Officer	3.9yrs	US$2.63m	no data
George Xanders	Chief Investment Officer	3.8yrs	US$2.35m	0.0099% $ 147.5k
Steven Museles	Chief Legal Officer & Corporate Secretary	7.3yrs	US$1.95m	0.0069% $ 102.9k
Kevin Reynolds	Chief Development Officer	7.3yrs	US$2.76m	0.000010% $ 149.3
Angela Valdes	Chief Accounting Officer	3.8yrs	no data	0.012% $ 178.5k
Kevin Connolly	Executive VP of Portfolio Management & Investor Relations	less than a year	no data	no data
Bud Perrone	Managing Director of Media	no data	no data	no data
Stephen Theriot	Senior Adviser	3.8yrs	US$2.23m	no data
Patrick Tyrrell	Chief of Property Operations	1.7yrs	no data	no data
A. Jackson	Executive Vice President of Social Impact Investments	6.5yrs	no data	no data
Gregory Trimmer	Partner	4.8yrs	no data	no data

3.9yrs

Average Tenure

54yo

Average Age

Experienced Management: JBGS's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
W. Kelly	CEO & Trustee	7.3yrs	US$7.88m	0.11% $ 1.6m
Carol Melton	Independent Trustee	7.3yrs	US$204.99k	0.0030% $ 44.2k
Steven Roth	Chairman Emeritus	3.5yrs	US$133.31k	no data
D. Shuman	Independent Trustee	7.3yrs	US$211.66k	no data
Alan Forman	Independent Trustee	7.3yrs	US$204.99k	0.0063% $ 94.8k
Scott Estes	Independent Trustee	7.3yrs	US$224.99k	0.036% $ 530.3k
William Mulrow	Independent Trustee	7.3yrs	US$214.99k	no data
Phyllis Caldwell	Independent Trustee	3.7yrs	US$204.99k	0% $ 0
Robert Stewart	Independent Chairman	7.8yrs	US$199.99k	0.036% $ 530.3k
Michael Glosserman	Independent Trustee	7.3yrs	US$209.99k	no data
Alisa Mall	Independent Trustee	4.6yrs	US$214.99k	no data

7.3yrs

Average Tenure

64yo

Average Age

Experienced Board: JBGS's board of directors are considered experienced (7.3 years average tenure).

JBG SMITH Properties Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Trustee recently sold US$345k worth of stock

Chief Development Officer recently sold US$347k worth of stock

Insufficient new directors

JBG SMITH Properties, Annual General Meeting, Apr 25, 2024

Independent Chairman recently bought US$506k worth of stock

Chief Development Officer recently sold US$260k worth of stock

Recent updates

Independent Trustee recently sold US$345k worth of stock

Third quarter 2024 earnings released: US$0.32 loss per share (vs US$0.58 loss in 3Q 2023)

Second quarter dividend of US$0.17 announced

JBG Smith Declares A Quarterly Common Dividend, Payable on November 22, 2024

JBG SMITH Properties to Report Q3, 2024 Results on Oct 29, 2024

Chief Development Officer recently sold US$347k worth of stock

New major risk - Revenue and earnings growth

Consensus EPS estimates upgraded to US$1.35 loss, revenue downgraded

JBG SMITH: Upside Hinges On Multifamily Development, Fed Rate Cuts

Second quarter 2024 earnings: EPS exceeds analyst expectations

First quarter dividend of US$0.17 announced

JBG SMITH Declares a Quarterly Common Dividend, Payable on August 21, 2024

JBG SMITH Properties to Report Q2, 2024 Results on Jul 30, 2024

JBG SMITH Properties has filed a Follow-on Equity Offering.

JBG SMITH Properties has filed a Follow-on Equity Offering.

Insufficient new directors

Upcoming dividend of US$0.17 per share

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

JBG SMITH Declares Quarterly Dividend, Payable on May 24, 2024

JBG SMITH Properties to Report Q1, 2024 Results on Apr 30, 2024

JBG SMITH Properties, Annual General Meeting, Apr 25, 2024

Independent Chairman recently bought US$506k worth of stock

JBG SMITH: The Rally Has More Room To Run

Upcoming dividend of US$0.17 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

JBG SMITH Declares Quarterly Common Dividend, Payable on March 15, 2024

JBG SMITH Properties to Report Q4, 2023 Results on Feb 20, 2024

Chief Development Officer recently sold US$260k worth of stock

Chief Development Officer notifies of intention to sell stock

Penzance Management, LLC acquired 255,000 square feet Rosslyn Gateway from JBG SMITH Properties (NYSE:JBGS) for $53 million.

JBG SMITH: Time To Buy This Beaten Down REIT

Upcoming dividend of US$0.23 per share at 6.5% yield

JBG SMITH Properties Declares Quarterly Common Dividend, Payable on December 1, 2023

JBG SMITH Properties to Report Q3, 2023 Results on Nov 07, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.096 loss per share (vs US$1.02 profit in 2Q 2022)

JBG SMITH: The Needle Is Still Pointing Down

Upcoming dividend of US$0.23 per share at 5.3% yield

JBG SMITH Declares Quarterly Common Cash Dividend, Payable on August 31, 2023

JBG SMITH Properties to Report Q2, 2023 Results on Aug 08, 2023

Upcoming dividend of US$0.23 per share at 5.9% yield

Price target decreased by 7.9% to US$17.50

First quarter 2023 earnings released: EPS: US$0.19 (vs US$0 in 1Q 2022)

JBG SMITH Declares Quarterly Common Dividend, Payable on June 30, 2023

Chief Financial Officer recently sold US$757k worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

JBG SMITH Properties to Report Q4, 2022 Results on Feb 21, 2023

Upcoming dividend of US$0.23 per share

JBG SMITH Declares Quarterly Common Dividend, Payable on January 12, 2023

Non-Executive Chairman notifies of intention to sell stock

Non-Executive Chairman recently sold US$718k worth of stock

Price target decreased to US$22.50

Price target decreased to US$22.50

JBG SMITH Properties (NYSE:JBGS) acquired an additional 3.7% stake in The Wren for $9.5 million.

Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.001 profit in 3Q 2021)

JBG SMITH Properties FFO of $0.35 beats by $0.01, revenue of $147.61M

Upcoming dividend of US$0.23 per share

JBG SMITH Properties Declares Quarterly Dividend, Payable on November 22, 2022

JBG SMITH Properties declares $0.225 dividend

JBG SMITH Properties to Report Q3, 2022 Results on Nov 01, 2022

JBG Smith Properties said to be pitched as long idea at Robin Hood investors conf

Price target decreased to US$25.00

Chief Investment Officer recently sold US$157k worth of stock

Independent Trustee recently bought US$232k worth of stock

President & COO recently sold US$716k worth of stock

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of US$0.23 per share

JBG SMITH Properties Q2 FFO, revenue down Y/Y

JBG SMITH Declares Quarterly Common Dividend, Payable on August 26, 2022