JBG SMITH Properties (JBGS) financial statements
JBG SMITH Properties reported revenue of $499M in fiscal 2025, up 0.5% a year over 9 years.
Net income was -$139M and the operating margin -1.6%, against 23.6% in 2016.
The diluted share count fell 33% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from JBG SMITH Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $479M | $543M | $644M | $648M | $603M | $634M | $606M | $604M | $547M | $499M |
| Operating income | $113M | -$52M | $26M | $22M | -$37M | -$11M | $16M | $39M | $2M | -$8M |
| Interest expense | $52M | $58M | $74M | $53M | $62M | $68M | $76M | $109M | $134M | $142M |
| Pre-tax income | $63M | -$89M | $46M | $73M | -$72M | -$86M | $100M | -$92M | -$177M | -$172M |
| Income tax | $1M | -$10M | -$738,000 | -$1M | -$4M | $4M | $1M | -$296,000 | $762,000 | -$4M |
| Net income | $62M | -$72M | $40M | $66M | -$62M | -$79M | $85M | -$80M | -$144M | -$139M |
| EPS (diluted) | $0.62 | -$0.70 | $0.31 | $0.48 | -$0.49 | -$0.63 | $0.70 | -$0.78 | -$1.65 | -$2.09 |
| Diluted shares | 101M | 105M | 119M | 131M | 133M | 131M | 119M | 105M | 88M | 67M |
| Operating margin | 23.6% | -9.6% | 4.1% | 3.5% | -6.2% | -1.8% | 2.7% | 6.5% | 0.3% | -1.6% |
| Net margin | 13.0% | -13.2% | 6.2% | 10.1% | -10.3% | -12.5% | 14.1% | -13.2% | -26.2% | -27.9% |
Balance sheet
Fiscal years, from JBG SMITH Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29M | $317M | $261M | $126M | $226M | $264M | $241M | $165M | $146M | $75M |
| Total assets | $3.7B | $6.1B | $6.0B | $6.0B | $6.1B | $6.4B | $5.9B | $5.5B | $5.0B | $4.4B |
| Total liabilities | $1.5B | $2.5B | $2.5B | $2.0B | $2.3B | $2.9B | $2.7B | $2.8B | $2.8B | $2.7B |
| Shareholders' equity | $2.1B | $3.0B | $3.0B | $3.4B | $3.2B | $2.9B | $2.7B | $2.2B | $1.8B | $1.2B |
| Net debt | -$29M | -$317M | -$261M | -$126M | -$226M | -$264M | -$241M | -$165M | -$146M | -$75M |
Cash flow
Fiscal years, from JBG SMITH Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $160M | $74M | $188M | $174M | $169M | $218M | $178M | $183M | $129M | $73M |
| Stock-based compensation | $5M | $34M | $53M | $65M | $66M | $52M | $41M | $32M | $30M | $25M |
| Dividends paid | $0 | $27M | $107M | $130M | $120M | $118M | $108M | $94M | $62M | $48M |
| Share buybacks (net) | — | — | — | — | -$105M | -$158M | -$361M | -$335M | -$171M | -$444M |
| Dividends per share | — | $0.25 | $0.90 | $0.99 | $0.90 | $0.90 | $0.90 | $0.89 | $0.70 | $0.72 |
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What was JBG SMITH Properties's revenue in 2025?
$499M in fiscal 2025, from its 10-K filing.
From JBG SMITH Properties's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.