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JBG SMITH Properties (JBGS)
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JBG SMITH Properties Balance Sheet 2025-2011 | JBGS
Brief balance sheet overview of JBG SMITH Properties
The comparison uses five available annual reports from the 2021–2025 interval.
Assets fell from $6.4 billion to $4.4 billion. This may reflect either deliberate optimization or a reduction in business scale.
Asset growth of -31.3% came with a -7% rise in liabilities. Financial leverage became more prominent.
The share of internal funding stands at 26.4% versus 46% initially, providing a reasonable foundation.
The net-debt-to-equity ratio is 0.56x. Balance sheet leverage is low on this measure.
The cash reserve occupies 1.7% of the balance sheet, previously 4.1%. It is one marker of short-term resilience.
The accumulated result is -$1.2 billion and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.
Overall assessment
JBG SMITH Properties has limited balance sheet resilience and depends heavily on cash generation and refinancing capacity.
Annual Balance Sheet JBG SMITH Properties
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
643 M | 572 M | 552 M | 306 M | 134 M | 1.77 B | 1.53 B | 1.89 B | 1.89 B | 1.14 B | 1.23 B | 1.27 B | - | - | - |
Long Term Debt |
718 M | 718 M | 717 M | 547 M | 399 M | 1.99 B | 1.62 B | 2.14 B | 2.19 B | 1.17 B | 1.3 B | 1.28 B | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 2.44 B | 2.88 B | 2.96 B | 1.21 B | 1.38 B | 1.33 B | - | - | - |
Total Liabilities |
2.72 B | 2.79 B | 2.83 B | 2.71 B | 2.93 B | 2.87 B | 2.6 B | 3.01 B | 3.1 B | 1.54 B | 1.52 B | 1.37 B | - | - | - |
Retained Earnings |
-1.18 B | -997 M | -777 M | -629 M | -609 M | -413 M | -231 M | -176 M | -95.8 M | - | - | - | - | - | - |
Total Assets |
4.39 B | 5.02 B | 5.52 B | 5.9 B | 6.39 B | 6.08 B | 5.99 B | 6 B | 6.07 B | 3.66 B | 3.63 B | 3.41 B | - | - | - |
Cash and Cash Equivalents |
75.3 M | 146 M | 165 M | 241 M | 264 M | 226 M | 126 M | 261 M | 317 M | 29 M | 80.4 M | - | - | - | - |
Book Value |
1.67 B | 2.23 B | 2.69 B | 3.2 B | 3.46 B | 3.21 B | 3.39 B | 2.99 B | 2.97 B | 2.12 B | 2.11 B | 2.04 B | - | - | - |
Total Shareholders Equity |
1.16 B | 1.81 B | 2.22 B | 2.68 B | 2.94 B | 3.21 B | 3.39 B | 2.99 B | 2.97 B | 2.12 B | 2.06 B | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet JBG SMITH Properties
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
718 M | 719 M | 718 M | 718 M | 718 M | 718 M | 718 M | 718 M | 718 M | 717 M | 717 M | 717 M | 717 M | 547 M | 547 M | 547 M | - | 398 M | 399 M | 398 M | 398 M | 398 M | 398 M | 398 M | 398 M | 398 M | 297 M | 297 M | 297 M | 297 M | 297 M | 297 M | 297 M | 297 M | 46.5 M | 46.5 M | 1.38 B | 46.5 M | 1.17 B | - | 1.17 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
2.72 B | 2.7 B | 2.79 B | 2.79 B | 2.68 B | 2.74 B | 2.79 B | 2.84 B | 2.85 B | 2.8 B | 2.83 B | 2.82 B | 2.74 B | 2.64 B | 2.71 B | 2.62 B | - | 2.89 B | 2.93 B | 2.38 B | 2.29 B | 2.29 B | 2.34 B | 2.34 B | 2.34 B | 2.34 B | 1.99 B | 1.99 B | 1.99 B | 1.99 B | 2.45 B | 2.45 B | 2.45 B | 2.45 B | 2.49 B | 2.49 B | 2.49 B | 2.49 B | 1.54 B | 1.54 B | 1.54 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-1.18 B | -1.2 B | -997 M | -997 M | -1.07 B | -1.04 B | -997 M | -908 M | -866 M | -825 M | -777 M | -723 M | -642 M | -607 M | -629 M | -559 M | - | -609 M | -609 M | -495 M | -466 M | -434 M | -413 M | -413 M | -413 M | -413 M | -231 M | -231 M | -231 M | -231 M | -176 M | -176 M | -176 M | -176 M | -95.8 M | -95.8 M | -95.8 M | -95.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
4.39 B | 4.34 B | 5.02 B | 5.02 B | 4.55 B | 4.73 B | 5.02 B | 5.18 B | 5.33 B | 5.41 B | 5.52 B | 5.67 B | 5.78 B | 5.84 B | 5.9 B | 5.9 B | - | 6.32 B | 6.39 B | 6.01 B | 6.01 B | 6.02 B | 6.08 B | 6.08 B | 6.08 B | 6.08 B | 5.99 B | 5.99 B | 5.99 B | 5.99 B | 6 B | 6 B | 6 B | 6 B | 6.07 B | 6.07 B | 6.07 B | 6.07 B | 3.66 B | 3.66 B | 3.66 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
183 M | 79.8 M | 274 M | 200 M | 61.4 M | 81.3 M | 146 M | 137 M | 164 M | 221 M | 165 M | 131 M | 157 M | 280 M | 241 M | 259 M | 162 M | 189 M | 264 M | 194 M | 201 M | 209 M | 226 M | 226 M | 226 M | 226 M | 126 M | 126 M | 126 M | 126 M | 261 M | 261 M | 261 M | 261 M | 317 M | 317 M | 317 M | 317 M | 29 M | 29 M | 29 M | - | 75 M | - | - | - | 16.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
1.67 B | 1.63 B | 2.23 B | 2.23 B | 1.87 B | 1.99 B | 2.23 B | 2.34 B | 2.47 B | 2.61 B | 2.69 B | 2.85 B | 3.05 B | 3.2 B | 3.2 B | 3.28 B | - | 3.42 B | 3.46 B | 3.63 B | 3.72 B | 3.73 B | 3.74 B | 3.74 B | 3.74 B | 3.74 B | 4 B | 4 B | 4 B | 4 B | 3.55 B | 3.55 B | 3.55 B | 3.55 B | 3.58 B | 3.58 B | 3.58 B | 3.58 B | 2.12 B | 2.12 B | 2.12 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
1.81 B | 1.14 B | 2.71 B | 2.25 B | 1.32 B | 1.57 B | 1.81 B | 1.88 B | 2.03 B | 2.17 B | 2.22 B | 2.41 B | 2.59 B | 2.74 B | 2.68 B | 2.79 B | 2.82 B | 2.88 B | 2.92 B | 3.1 B | 3.16 B | 3.17 B | 3.21 B | 3.21 B | 3.21 B | 3.21 B | 3.39 B | 3.39 B | 3.39 B | 3.39 B | 2.99 B | 2.99 B | 2.99 B | 2.99 B | 2.97 B | 2.97 B | 2.97 B | 2.97 B | 2.12 B | 2.12 B | 2.12 B | - | 2.06 B | - | - | - | 1.99 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of JBG SMITH Properties, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Reit office
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
|
CoreSite Realty Corporation
COR
|
$ 300.25 | 0.02 % | $ 12.7 B | ||
|
Alexandria Real Estate Equities
ARE
|
$ 47.46 | 1.51 % | $ 8.08 B | ||
|
Boston Properties
BXP
|
$ 61.11 | 0.16 % | $ 9.68 B | ||
|
Cousins Properties Incorporated
CUZ
|
$ 27.64 | 0.11 % | $ 4.64 B | ||
|
Easterly Government Properties
DEA
|
$ 23.2 | 0.35 % | $ 1.04 B | ||
|
Douglas Emmett
DEI
|
$ 9.58 | 1.81 % | $ 1.6 B | ||
|
Franklin Street Properties Corp.
FSP
|
$ 0.38 | 4.75 % | $ 39.4 M | ||
|
Global Net Lease
GNL
|
$ 8.26 | 0.06 % | $ 1.84 B | ||
|
Highwoods Properties
HIW
|
$ 29.02 | 1.33 % | $ 3.15 B | ||
|
Hudson Pacific Properties
HPP
|
$ 11.54 | 1.39 % | $ 516 M | ||
|
Kilroy Realty Corporation
KRC
|
$ 33.27 | 0.17 % | $ 3.94 B | ||
|
SL Green Realty Corp.
SLG
|
$ 48.92 | 1.07 % | $ 3.45 B | ||
|
Paramount Group
PGRE
|
- | - | $ 1.43 B | ||
|
Mack-Cali Realty Corporation
CLI
|
- | 0.29 % | $ 1.55 B | ||
|
Equity Commonwealth
EQC
|
- | - | $ 172 M | ||
|
City Office REIT
CIO
|
$ 6.99 | -0.14 % | $ 281 M |