The Tip Desk

JBG SMITH Properties

Company Stats

Market Cap
$749.2M
as of Sep 30, 2026
Enterprise Value
$3.2B
Shares Outstanding
74.6M
Free Float
88.0%

Income Statement

Revenue
$498.6M
Net Income
-$139.1M
Non-cash Impairment
$65.8M
Revenue Growth, 3Y
-6.3%
FCF Margin, 3Y Avg
14.7%
FCF Margin, Worst Year
7.7%

Cash Flow

Free Cash Flow
$38.4M
FCF Yield
5.1%
Owner FCF Yield
1.8%

Balance Sheet

Cash & Equivalents
$75.3M
Total Debt
$2.5B
Net Debt
$2.5B

Returns & Capital

Dividends Paid
$48.4M
Dividend Yield
6.5%
Share Repurchases
$443.7M
Buyback Yield, 3Y Avg
42.3%
SBC, 3Y Avg
$28.8M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$498.6M$38.4M7.7%
FY2024$547.3M$90.8M16.6%
FY2023$604.2M$120.2M19.9%
FY2022$605.8M$104.4M17.2%
FY2021$634.4M$174.3M27.5%

Annual filing data through FY ended December 31, 2025; shares and float as of November 3, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage