JBG SMITH Properties Net Assets
JBG SMITH Properties net assets. Based on the latest financial reports, JBG SMITH Properties (JBGS) has net assets worth $1.63 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.34 Billion) and total liabilities ($2.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore JBG SMITH Properties net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.63 Billion |
| % of Total Assets | 37.7% |
| Annual Growth Rate | -1.82% |
| 5-Year Change | -51.78% |
| 10-Year Change | -21.35% |
| Growth Volatility | 23.84 |
Net Assets of JBG SMITH Properties (2014–2025)
Net assets of JBG SMITH Properties from 2014 to 2025. This chart illustrates how JBG SMITH Properties's net assets have evolved over time, based on quarterly financial data. See JBGS net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for JBG SMITH Properties (2014–2025)
The table below shows the annual net assets of JBG SMITH Properties from 2014 to 2025. For live market cap and overall valuation, see JBGS market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.67 Billion | -25.25% |
| 2024-12-31 | $2.23 Billion | -17.08% |
| 2023-12-31 | $2.69 Billion | -15.74% |
| 2022-12-31 | $3.20 Billion | -7.68% |
| 2021-12-31 | $3.46 Billion | -7.38% |
| 2020-12-31 | $3.74 Billion | -6.56% |
| 2019-12-31 | $4.00 Billion | +12.80% |
| 2018-12-31 | $3.55 Billion | -1.07% |
| 2017-12-31 | $3.58 Billion | +68.90% |
| 2016-12-31 | $2.12 Billion | +0.62% |
| 2015-12-31 | $2.11 Billion | +3.26% |
| 2014-12-31 | $2.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to JBG SMITH Properties's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 118041000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
JBG SMITH Properties Net Assets Breakdown (December 2025)
JBG SMITH Properties net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $732.00K | 0.06% |
| Other Comprehensive Income | $-1.61 Million | -0.14% |
| Other Components | $2.34 Billion | 202.05% |
| Total Equity | $1.16 Billion | 100.00% |
JBG SMITH Properties Competitors by Market Cap
The table below lists competitors of JBG SMITH Properties ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing E Hualu Info Tech
SHE:300212
|
$692.10 Million |
|
Tianjin Zhong Xin Pharmaceutical Group Corporation Limited
STU:2TZ
|
$692.11 Million |
|
Jiangsu Zhenjiang New Energy Equipment Co Ltd Class A
SHG:603507
|
$692.28 Million |
|
Fitipower Integrated Technology Inc
TW:4961
|
$692.33 Million |
|
Oneness Biotech Co Ltd
TWO:4743
|
$691.90 Million |
|
Sapphire Foods India Limited
NSE:SAPPHIRE
|
$691.82 Million |
|
Zhongsheng Group Holdings Limited
F:5Z0
|
$691.82 Million |
|
Arctech Solar Holding Co Ltd
SHG:688408
|
$691.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JBG SMITH Properties's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,809,058,000 to 1,157,590,000, a change of -651,468,000 (-36.0%).
- Net loss of 139,063,000 reduced equity.
- Dividend payments of 48,434,000 reduced retained earnings.
- Share repurchases of 443,654,000 reduced equity.
- Other comprehensive income decreased equity by 16,705,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-139.06 Million | -12.01% |
| Dividends Paid | $48.43 Million | -4.18% |
| Share Repurchases | $443.65 Million | -38.33% |
| Other Comprehensive Income | $-16.70 Million | -1.44% |
| Other Changes | $-3.61 Million | -0.31% |
| Total Change | $- | -36.01% |
Book Value vs Market Value Analysis
This analysis compares JBG SMITH Properties's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.69x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $17.23 | $11.88 | x |
| 2015-12-31 | $17.80 | $11.88 | x |
| 2016-12-31 | $17.91 | $11.88 | x |
| 2017-12-31 | $34.02 | $11.88 | x |
| 2018-12-31 | $25.07 | $11.88 | x |
| 2019-12-31 | $30.60 | $11.88 | x |
| 2020-12-31 | $28.00 | $11.88 | x |
| 2021-12-31 | $22.29 | $11.88 | x |
| 2022-12-31 | $26.85 | $11.88 | x |
| 2023-12-31 | $21.15 | $11.88 | x |
| 2024-12-31 | $20.48 | $11.88 | x |
| 2025-12-31 | $17.18 | $11.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JBG SMITH Properties utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.89%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.79x
- Recent ROE (-12.01%) is below the historical average (-1.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.98% | 17.19% | 0.14x | 1.67x | $-122.88 Million |
| 2015 | 2.19% | 9.84% | 0.13x | 1.72x | $-164.60 Million |
| 2016 | 2.92% | 12.95% | 0.13x | 1.73x | $-150.22 Million |
| 2017 | -2.00% | -13.21% | 0.09x | 1.69x | $-430.15 Million |
| 2018 | 1.34% | 6.20% | 0.11x | 2.01x | $-258.81 Million |
| 2019 | 1.64% | 10.14% | 0.11x | 1.50x | $-334.37 Million |
| 2020 | -1.67% | -10.34% | 0.10x | 1.63x | $-436.00 Million |
| 2021 | -2.72% | -12.49% | 0.10x | 2.19x | $-370.85 Million |
| 2022 | 2.67% | 14.09% | 0.10x | 1.85x | $-234.17 Million |
| 2023 | -3.60% | -13.24% | 0.11x | 2.48x | $-302.27 Million |
| 2024 | -7.93% | -26.22% | 0.11x | 2.78x | $-324.43 Million |
| 2025 | -12.01% | -27.89% | 0.11x | 3.79x | $-254.82 Million |
Industry Comparison
This section compares JBG SMITH Properties's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $557,728,835
- Average return on equity (ROE) among peers: 1.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JBG SMITH Properties (JBGS) | $1.63 Billion | 3.98% | 1.65x | $692.08 Million |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $1.34 Billion |
| Armada Hflr Pr (AHH) | $161.91 Million | 4.75% | 2.65x | $487.33 Million |
| Armada Hoffler Properties, Inc. (AHRT) | $420.28 Million | 5.01% | 1.48x | $453.53 Million |
| Broadstone Net Lease Inc (BNL) | $2.48 Billion | 2.06% | 0.72x | $3.28 Billion |
| CTO Realty Growth Inc (CTO) | $31.10 Million | 20.58% | 0.98x | $738.84 Million |
| Empire State Realty Trust Inc (ESRT) | $1.73 Billion | 3.08% | 1.44x | $841.03 Million |
| FrontView REIT, Inc. (FVR) | $197.07 Million | -0.56% | 2.92x | $411.59 Million |
| Generation Income Properties Inc (GIPR) | $5.03 Million | -9.06% | 2.03x | $898.99K |
| Global Net Lease, Inc. (GNL) | $122.72 Million | -5.70% | 0.75x | $1.61 Billion |
| Gladstone Commercial Corporation (GOOD) | $239.88 Million | 1.65% | 2.55x | $553.30 Million |
About JBG SMITH Properties
JBG SMITH Properties owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets. The markets are in and around Washington, DC, most notably National Landing, where through our focus on placemaking, we cultivate vibrant, highly amenitized, walkable neighborhoods. JBG SMITH Properties has a portfolio comprised of 12.0 million square feet at share of mult… Read more