Added to YB: 2024-11-15
Pitch date: 2024-11-15
JBGS [bullish]
JBG SMITH Properties
-4.82%
current return
Author Info
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Company Info
JBG SMITH Properties owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets.
Market Cap
$848.8M
Pitch Price
$15.13
Price Target
25.00 (+74%)
Dividend
4.80%
EV/EBITDA
19.53
P/E
-7.90
EV/Sales
7.62
Sector
Office REITs
Category
turnaround
Actionable Ideas Update - 11/14/2024 - JBG SMITH Properties
JBGS: Office headwinds in National Landing, rising 10-yr yield limit near-term upside. 38% shares repurchased since 2020 at $19.88 avg. Multifamily strong: 96% occupancy, rents +4.5-6%. Office tough: 80% occupancy, -1.5% QoQ. NAV/share ~$25. Debt high but manageable. Amazon 5-day return-to-office potential catalyst.
Read full article (2 min)