JBGS at a glance
JBG SMITH Properties (JBGS, SEC CIK 1689796) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 28, 2026 and Form 4 insider filings as recently as June 9, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), JBG SMITH Properties (JBGS) reported revenue of $498.6 million (down 8.9% from FY2024) and a net loss of $139.1 million. Diluted EPS was -$2.09.
- As of June 30, 2026, 29 institutional investment managers tracked by SignalX reported holding JBG SMITH Properties (JBGS) shares worth $547.9 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by MUSELES STEVEN A on June 8, 2026 of 7,978 shares at $15.00 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $498.6M
- −8.9% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 29 funds
- $547.9M · −1 vs prior quarter
- Latest 8-K
- Aug 28, 2026
- Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Ownership, operation, and development of mixed-use real estate in Metro-served, amenity-rich submarkets primarily around Washington, D.C.
- Emphasis on National Landing as key submarket focus with placemaking to create walkable, highly amenitized neighborhoods
- Operating portfolio of 39 assets including 15 multifamily buildings (6,519 units total) and 22 commercial properties (7.3M sq ft total)
- Development pipeline expanded to 4.9 million sq ft potential density, excluding unentitled or optioned land parcels
- Ownership structure: JBG SMITH controls 82.0% of JBG SMITH LP OP Units after LTIP conversion as of Dec 31, 2025
Risk Factors
- Regulatory compliance cost and risk related to federal lease requirements under Civil Rights Act 1964 and Rehabilitation Act 1973 affecting 19 tenant leases expiring 2026-2030
- Macroeconomic risk: Washington, D.C. area job losses with federal government downsizing 52,400 jobs Nov 2024-Nov 2025 impacting office and multifamily demand
- Operational supply chain risk: construction cost inflation and labor shortages delaying and increasing redevelopment expenses in Washington, D.C. metro area
- Competitive risk: decline in retail tenants due to online retailers and discount stores threatening retail asset occupancy and related Placemaking strategy
- Financial risk: revenue concentration, with five assets generating 29.9% of annualized rent, exposing company to material impact from adverse events on those assets
Management Discussion & Analysis
- Revenue $479.0M total (Property rental $416.8M down 8.8% YoY; Third-party services $62.2M down 10.4%)
- Operating margin via NOI: Multifamily NOI $117.0M down 10.2%, Commercial NOI $135.3M down 11.6%; Same store NOI down 5.1%
- Best segment: Multifamily with property revenue $205.9M (-5.6%) and NOI $117.0M (-10.2%); Worst segment: Commercial with revenue $227.2M (-8.2%) and NOI $135.3M (-11.6%)
- Cash flow/capex: $142.0M interest expense (+5.9%); mortgage loans net $1.58B (down $188.0M); repaid $197.2M mortgage loans; refinanced $273.6M mortgage loan; no specific buyback/dividends noted
- Outlook: Expect cash flows, financings, asset sales sufficient for operations, debt service, capex, dividends; key risk includes lower occupancy and asset disposition impacts
AI summary of the JBGS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 property rental revenue $106.6M vs $106.5M, up 0.1% YoY
- Third-party services revenue $17.0M vs $14.8M, up 14.8% YoY
- Same-store NOI $54.8M vs $57.0M, down 4.0% YoY
- Best segment commercial revenue up $2.9M; multifamily revenue down $3.9M
- Capital deployment: $43.1M development investment, $28.4M share repurchases, $20.7M dividends
- Outlook: modest multifamily leasing improvement, with new-lease effective rents down 9.5% and federal spending cuts creating headwinds
Risk Factors
- No material changes to previously disclosed risk factors
- No newly triggered risk factor during the quarter
- No updated regulatory, legal, or compliance risk disclosed
- No changed operational, competitive, or market risk disclosed
- No changed liquidity, debt, currency, or concentration risk disclosed
AI summary of the JBGS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- $690M senior unsecured revolver extended to August 27, 2030, replacing $750M facility due June 29, 2027
- $230M drawn at closing, leaving $460M of stated revolving capacity before other adjustments
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 results announced for periods ended June 30, 2026
- Quarterly Investor Package includes shareholder letter, earnings release, and supplemental information
Item EX-99.1: Item EX-99.1
- Q2 Core FFO $10.4M, or $0.18/share, down from $12.7M, or $0.19/share; Same Store NOI declined 4.0%
- Leased occupancy improved, with multifamily at 89.6% and office at 78.0%; office leasing reached 151,000 square feet
Item 2.02: Results of Operations and Financial Condition
- Quarterly results cover the three months ended March 31, 2026
- Investor Package includes the earnings release, shareholder letter, and supplemental information
Item EX-99.1: Item EX-99.1
- Core FFO rose to $9.8M, or $0.17 per diluted share, from $7.2M, or $0.09, year over year
- Same Store NOI fell 4.8% to $54.3M, reflecting multifamily occupancy pressure, utilities expense, and commercial rent abatements
AI summaries of JBGS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for JBGS
Don't miss the next JBGS filing
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- Fund moves. Which tracked funds opened, added or cut JBGS, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| MUSELES STEVEN A | Sell | Jun 8, 2026 | 7,978 | $15.00 |
| MUSELES STEVEN A | Sell | Jun 8, 2026 | 12,032 | $15.01 |
| Forman Alan S | A | Apr 30, 2026 | 18,036 | - |
| SHUMAN D ELLEN | A | Apr 30, 2026 | 18,036 | - |
| MELTON CAROL A | A | Apr 30, 2026 | 17,197 | - |
| Forman Alan S | A | Apr 30, 2026 | 18,036 | - |
| Stewart Robert Alexander | A | Apr 30, 2026 | 16,778 | - |
| ESTES SCOTT A | A | Apr 30, 2026 | 18,875 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $604.2M | $547.3M | $498.6M | |
| Net Income | -$80.0M | -$143.5M | -$139.1M | |
| Net Margin | -13.2% | -26.2% | -27.9% | |
| Balance Sheet | ||||
| Total Assets | $5.5B | $5.0B | $4.4B | |
| Equity | $2.3B | $1.8B | $1.2B | |
| ROE | -3.6% | -7.9% | -12.0% | |
| Per Share | ||||
| EPS | $-0.78 | $-1.65 | $-2.09 | |
| Cash Flow | ||||
| Operating CF | $183.4M | $129.4M | $73.3M | |
Source: XBRL data in JBG SMITH Properties (JBGS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate JBGS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 29 | $547.9M |
| Q1 2026 | 30 | $536.4M |
| Q4 2025 | 27 | $658.5M |
| Q3 2025 | 27 | $883.9M |
| Q2 2025 | 29 | $779.6M |
| Q1 2025 | 24 | $505.3M |
| Q4 2024 | 19 | $374.5M |
| Q3 2024 | 17 | $180.5M |
- Citadel Advisors LLC+426.6K (+113%)
- Vanguard Portfolio Management LLC+276.9K (+5%)
- Goldman Sachs Group+231.1K (+31%)
- Vanguard Capital Management LLC+182.8K (+8%)
- Two Sigma Investments+154.7K (+84%)
- Northern Trust−709.0K (-45%)
- Morgan Stanley−71.3K (-2%)
- D.E. Shaw & Co−52.9K (-75%)
- Dimensional Fund Advisors−25.7K (-3%)
- Invesco Ltd−15.3K (-6%)
- Millennium Management−117.9K
Source: 13F-HR filings on SEC EDGAR (aggregated from 202 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
JBGS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Aug 28, 2026 | - | Analysis | - |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Jul 31, 2026 | - | - | |
| 4 | Jun 9, 2026 | - | - | |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | May 1, 2026 | - | - | - |
| 4 | Feb 18, 2026 | - | - | |
| 8-K | Feb 17, 2026 | - | - | |
| 10-K | Feb 17, 2026 | Dec 31, 2025 | Analysis | |
| SC 13G | Feb 11, 2026 | - | - | |
| SC 13G | Feb 5, 2026 | - | - | |
| 4 | Jan 6, 2026 | - | - | |
| 4 | Jan 6, 2026 | - | - | |
| 4 | Jan 6, 2026 | - | - | |
| 4 | Jan 6, 2026 | - | - |
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JBGS SEC filings: frequently asked questions
Which institutions hold JBGS stock?
As of June 30, 2026, the largest JBG SMITH Properties (JBGS) holders among the 13F filers tracked by SignalX were BlackRock ($164.2 million), Vanguard Portfolio Management LLC ($90.4 million), Morgan Stanley ($57.8 million), State Street Corp ($53.2 million), Citigroup ($42.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was JBGS's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), JBG SMITH Properties (JBGS) reported revenue of $498.6 million (down 8.9% from FY2024) and a net loss of $139.1 million. Diluted EPS was -$2.09. The figures come from the XBRL data in the 10-K.
What are the main risks in JBGS's latest 10-K?
In the 10-K filed February 17, 2026, JBG SMITH Properties (JBGS) flagged: Regulatory compliance cost and risk related to federal lease requirements under Civil Rights Act 1964 and Rehabilitation Act 1973 affecting 19 tenant leases expiring 2026-2030. Macroeconomic risk: Washington, D.C. area job losses with federal government downsizing 52,400 jobs Nov 2024-Nov 2025 impacting office and multifamily demand. (AI summary of the Risk Factors section.)
What did JBGS report in its latest 8-K?
JBG SMITH Properties (JBGS) filed an 8-K on August 28, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $690M senior unsecured revolver extended to August 27, 2030, replacing $750M facility due June 29, 2027.
What are the latest JBGS SEC filings?
JBG SMITH Properties (JBGS) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 28, 2026 and a Form 4 insider filing on June 9, 2026.
What is JBGS's SEC CIK number?
JBG SMITH Properties (JBGS)'s SEC Central Index Key (CIK) is 1689796. EDGAR lists every JBGS filing under that number.
Ask anything about JBGS
The research agent reads JBGS's filings, financials, insider trades and 13F holders, then answers with sources.