JBG SMITH Properties JBGS
JBG SMITH owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, where through our focus on placemaking, we cultivate vibrant, highly amenitized, walkable neighborhoods. JBG SMITH's portfolio comprises 12.0 million square feet at share of multifamily, office, and retail assets, and a 3.3 million square-foot development pipeline.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-05) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-05-14 | 2026-05-14 | 2026-05-28 | 2026-04-30 | $0.17 | Quarterly |
| 2025-12-30 | 2025-12-30 | 2026-01-13 | 2025-12-16 | $0.17 | Irregular |
| 2025-11-06 | 2025-11-06 | 2025-11-20 | 2025-10-23 | $0.17 | Quarterly |
| 2025-08-07 | 2025-08-07 | 2025-08-21 | 2025-07-24 | $0.17 | Quarterly |
| 2025-05-08 | 2025-05-08 | 2025-05-22 | 2025-04-24 | $0.17 | Quarterly |
| 2024-12-30 | 2024-12-30 | 2025-01-14 | 2024-12-16 | $0.17 | Irregular |
| 2024-11-07 | 2024-11-07 | 2024-11-22 | 2024-10-24 | $0.17 | Quarterly |
| 2024-08-07 | 2024-08-07 | 2024-08-21 | 2024-07-24 | $0.17 | Quarterly |
| 2024-05-09 | 2024-05-10 | 2024-05-24 | 2024-04-25 | $0.17 | Quarterly |
| 2024-02-29 | 2024-03-01 | 2024-03-15 | 2024-02-14 | $0.17 | Quarterly |
| 2023-11-16 | 2023-11-17 | 2023-12-01 | 2023-10-31 | $0.23 | Quarterly |
| 2023-08-16 | 2023-08-17 | 2023-08-31 | 2023-08-03 | $0.23 | Quarterly |
| 2023-06-22 | 2023-06-23 | 2023-06-30 | 2023-05-04 | $0.23 | Quarterly |
| 2022-12-28 | 2022-12-29 | 2023-01-12 | 2022-12-15 | $0.23 | Quarterly |
| 2022-11-07 | 2022-11-08 | 2022-11-22 | 2022-10-25 | $0.23 | Quarterly |
| 2022-08-11 | 2022-08-12 | 2022-08-26 | 2022-07-29 | $0.23 | Quarterly |
| 2022-05-12 | 2022-05-13 | 2022-05-27 | 2022-04-29 | $0.23 | Quarterly |
| 2021-12-29 | 2021-12-30 | 2022-01-14 | 2021-12-10 | $0.23 | Quarterly |
| 2021-11-09 | 2021-11-10 | 2021-11-24 | 2021-10-27 | $0.23 | Quarterly |
| 2021-08-12 | 2021-08-13 | 2021-08-27 | 2021-07-29 | $0.23 | Quarterly |
| 2021-05-12 | 2021-05-13 | 2021-05-27 | 2021-04-29 | $0.23 | Quarterly |
| 2020-12-24 | 2020-12-28 | 2021-01-11 | 2020-12-16 | $0.23 | Irregular |
| 2020-11-12 | 2020-11-13 | 2020-11-30 | 2020-10-29 | $0.23 | Quarterly |
| 2020-08-12 | 2020-08-13 | 2020-08-27 | 2020-07-30 | $0.23 | Quarterly |
Coverage (payout of operating cash flow): 64.37%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $498.60M | $-139.06M | $190.06M | $169.83M | $73.26M |
| 2024 | $547.31M | $-143.53M | $208.18M | $214.44M | $129.39M |
| 2023 | $604.20M | $-79.98M | $215.63M | $214.68M | $183.37M |
| 2022 | $605.82M | $85.37M | $217.84M | $396.54M | $178.04M |
| 2021 | $634.36M | $-79.26M | $240.45M | $218.28M | $217.62M |
| 2020 | $602.72M | $-62.30M | $225.60M | $213.52M | $169.02M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.