# JBG SMITH Properties: overview

JBGS · NYSE · CIK 1689796 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/jbgs.md) · [Financials](/companies/jbgs/financials.md) · [Filings](/companies/jbgs/filings.md) · [Insiders](/companies/jbgs/insiders.md)

Latest reported revenue: [$129.4m](/filings/0001104659-26-092965.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:Revenues, accession 0001104659-26-092965).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [136](/filings/0001104659-25-103188.md) | [131 d](/filings/0001104659-26-016450.md) | [121](/filings/0001104659-26-055649.md) | [126](/filings/0001104659-26-092965.md) | [124](/filings/0001104659-25-103188.md) | [128 d](/filings/0001104659-26-016450.md) | [128](/filings/0001104659-26-055649.md) | [129](/filings/0001104659-26-092965.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(19.8%)](/filings/0001104659-25-103188.md) | [(45.8%) d](/filings/0001104659-26-016450.md) | [(37.9%)](/filings/0001104659-26-055649.md) | [(15.2%)](/filings/0001104659-26-092965.md) | [(23.1%)](/filings/0001104659-25-103188.md) | [(35.7%) d](/filings/0001104659-26-016450.md) | [(14.7%)](/filings/0001104659-26-055649.md) | [(45.7%)](/filings/0001104659-26-092965.md) |
| Diluted EPS | $ per share | [(0.32)](/filings/0001104659-25-103188.md) | not reported | [(0.56)](/filings/0001104659-26-055649.md) | [(0.29)](/filings/0001104659-26-092965.md) | [(0.48)](/filings/0001104659-25-103188.md) | not reported | [(0.32)](/filings/0001104659-26-055649.md) | [(1.03)](/filings/0001104659-26-092965.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [634](/filings/0001558370-24-001366.md) | [606](/filings/0001558370-25-001099.md) | [604](/filings/0001104659-26-016450.md) | [547](/filings/0001104659-26-016450.md) | [499](/filings/0001104659-26-016450.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(12.5%)](/filings/0001558370-24-001366.md) | [14.1%](/filings/0001558370-25-001099.md) | [(13.2%)](/filings/0001104659-26-016450.md) | [(26.2%)](/filings/0001104659-26-016450.md) | [(27.9%)](/filings/0001104659-26-016450.md) |
| Diluted EPS | $ per share | [(0.63)](/filings/0001558370-24-001366.md) | [0.70](/filings/0001558370-25-001099.md) | [(0.78)](/filings/0001104659-26-016450.md) | [(1.65)](/filings/0001104659-26-016450.md) | [(2.09)](/filings/0001104659-26-016450.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/jbgs/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $164.2m | 11,191,898 |  | Added +137,100 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $90.4m | 6,162,153 |  | Added +276,907 |
| [Long Pond Capital, LP](/funds/1499066.md) | 2026-06-30 | $59.0m | 4,024,019 |  | Reduced −390,250 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $57.8m | 3,941,026 |  | Reduced −71,338 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $53.2m | 3,624,399 |  | Reduced −14,673 |
| [CITIGROUP INC](/funds/831001.md) | 2026-06-30 | $42.5m | 2,896,089 |  | Added +11,250 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $38.2m | 2,605,133 |  | Added +182,814 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $25.9m | 1,764,201 |  | Added +78,470 |
| [PRIVATE MANAGEMENT GROUP INC](/funds/1142031.md) | 2026-06-30 | $24.6m | 1,677,809 |  | Added +33,874 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $21.3m | 1,455,238 |  | Reduced −209,428 |

## Recent filings

[All 604 filings](/companies/jbgs/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-28 | 18:48 ET | [8-K](/filings/0001104659-26-102540.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-102540 |
| 2026-08-10 | 06:32 ET | [10-Q](/filings/0001104659-26-092965.md) | Quarterly report, period 2026-06-30 | 0001104659-26-092965 |
| 2026-08-10 | 06:30 ET | [8-K](/filings/0001104659-26-092962.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-092962 |
| 2026-05-05 | 16:17 ET | [10-Q](/filings/0001104659-26-055649.md) | Quarterly report, period 2026-03-31 | 0001104659-26-055649 |
| 2026-05-05 | 16:15 ET | [8-K](/filings/0001104659-26-055644.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-055644 |
| 2026-03-18 | 16:15 ET | [DEF 14A](/filings/0001104659-26-030932.md) | Proxy statement, period 2026-04-30 | 0001104659-26-030932 |
| 2026-02-17 | 16:18 ET | [10-K](/filings/0001104659-26-016450.md) | Annual report, period 2025-12-31 | 0001104659-26-016450 |
| 2026-02-17 | 16:15 ET | [8-K](/filings/0001104659-26-016432.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-016432 |
| 2025-10-28 | 16:17 ET | [10-Q](/filings/0001104659-25-103188.md) | Quarterly report, period 2025-09-30 | 0001104659-25-103188 |
| 2025-10-28 | 16:15 ET | [8-K](/filings/0001104659-25-103179.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-25-103179 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-016450.md), filed Feb 17, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/dcce8ffd-8729-4fee-ac3a-8b99ecc94076)

## About the filer

- CIK: 1689796
- Tickers: JBGS
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 13:56 ET. No prices; not investment advice.