Welcome to our dedicated page for Jbg Smith Proper SEC filings (Ticker: JBGS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The JBG SMITH Properties JBGS SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures as a New York Stock Exchange–listed real estate investment trust. JBG SMITH files periodic reports such as Forms 10-Q and 10-K, as well as current reports on Form 8-K, which detail financial results, portfolio activity and other material events.
For this Washington, DC–focused REIT, quarterly and annual reports are central resources. These filings typically include information on Funds From Operations (FFO), Core FFO, Annualized Net Operating Income (Annualized NOI), Same Store NOI (SSNOI), and non-GAAP measures such as EBITDA, EBITDAre and Adjusted EBITDA. They also describe occupancy, leasing and rent trends in the multifamily and commercial portfolios, the composition of the development pipeline, and the performance of the third-party asset management and real estate services business.
Current reports on Form 8-K, such as those filed in connection with quarterly results, furnish investor packages that combine earnings press releases, letters to shareholders and supplemental data. These documents help investors analyze how JBG SMITH’s Metro-served, mixed-use strategy in National Landing and other DC-area submarkets is reflected in its financial condition and operating metrics.
On Stock Titan, AI-powered tools summarize lengthy filings so readers can quickly understand key points from JBGS 10-Ks, 10-Qs and 8-Ks without reading every page. Users can also review information related to capital structure and leverage, including Net Debt to annualized Adjusted EBITDA and Net Debt to total enterprise value, as disclosed by the company. This page updates as new filings are posted to EDGAR, helping investors follow JBG SMITH’s regulatory reporting history in a structured, accessible format.
JBG SMITH Properties Chief Accounting Officer Angela Valdes was granted 5,067 LTIP Units on February 13, 2026. These limited partnership units in JBG SMITH Properties LP were awarded at a price of $0.00 per unit under the company’s 2017 Omnibus Share Plan. The LTIP Units vest in four equal 25% installments on each of the first through fourth anniversaries of February 13, 2026, contingent on her continued employment. Once vested and after a two-year period from issuance, the LTIP Units can be converted into operating partnership units and then redeemed, at the company’s option, for either one common share per unit or the cash value of a common share. In connection with the grant, she also received corresponding Class B shares, which carry no economic rights and are not exchange‑listed.
JBG SMITH Properties executive Steven A. Museles converted partnership units into equity through internal derivative conversions. He converted 20,010 LTIP Units in JBG SMITH Properties LP into OP Units and then exchanged 20,010 OP Units into 20,010 common shares, all at a price of
JBG SMITH Properties is a Maryland REIT focused on mixed-use, transit-oriented assets in the Washington, D.C. area, with nearly 80% of its portfolio concentrated in National Landing. As of December 31, 2025, the Operating Portfolio included 39 assets with 6,519 multifamily units and 7.3 million square feet of commercial space, plus a 4.9 million square foot development pipeline.
The company’s strategy centers on “Placemaking,” combining multifamily, office and retail with upgraded public spaces to drive demand and long-term NAV per share growth. Key demand catalysts include Amazon’s headquarters and Virginia Tech’s $1 billion Innovation Campus, alongside substantial public infrastructure investment around National Landing.
Risk factors highlight heavy exposure to office properties amid weak demand, geographic and federal-government concentration, dependence on major tenants (including GSA and Amazon), sizable debt of $2.5 billion, development and environmental risks, cybersecurity threats, regulatory pressures on multifamily rents, and antitrust-related litigation tied to revenue management systems.
JBG SMITH Properties reported fourth-quarter 2025 Core FFO attributable to common shareholders of $9.9 million, or $0.17 per diluted share, and full-year 2025 Core FFO of $38.9 million, or $0.58 per diluted share. The company posted a full-year net loss attributable to common shareholders of $139.1 million, or $2.09 per share, while operating portfolio NOI for 2025 was $256.5 million.
Same Store NOI declined 5.1% for 2025, reflecting softer conditions, particularly in multifamily where Same Store NOI fell 2.4%. The multifamily portfolio ended the year 84.7% leased, and the office portfolio was 77.5% leased. Leverage is elevated, with Net Debt of $2.46 billion and Net Debt to annualized Adjusted EBITDA of 12.5x, though 84.7% of debt is fixed or hedged.
In 2025, JBG SMITH completed $660.3 million of dispositions and recapitalizations at an average cap rate of 4.8% and acquired $61.2 million of office assets at a reported 17.9% capitalization rate. It repurchased 26.8 million shares for $443.1 million at an average price of $16.52, continuing a capital allocation strategy focused on NAV per share and National Landing–centric growth.
JBG SMITH Properties received an amended Schedule 13G/A showing that investment firm Long Pond Capital, its general partner Long Pond Capital GP, LLC, and principal John Khoury beneficially own 4,147,399 common shares, representing 7.01% of the company’s outstanding common stock as of the reported date.
The filing states they have shared power to vote and dispose of all these shares, with no sole voting or dispositive power. Certain funds managed by Long Pond Capital have the right to receive dividends and sale proceeds. The investors certify the position is held in the ordinary course of business and not for the purpose of changing or influencing control of JBG SMITH.
Morgan Stanley filed a beneficial ownership report showing it holds 2,983,482 JBG SMITH Properties common shares, representing 5.0% of the class.
The firm reports 2,971,304 shares with shared voting power and 2,983,482 shares with shared dispositive power, with no sole voting or dispositive authority. The position is certified as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of JBG SMITH.
Vanguard Portfolio Management LLC filed a Schedule 13G showing beneficial ownership of 6,214,106 shares of JBG SMITH Properties common stock, representing 10.5% of the class. Vanguard reports shared voting power over 23,409 shares and shared dispositive power over 6,214,106 shares, with no sole voting or dispositive power.
The filing follows an internal realignment at The Vanguard Group, Inc., after which portfolio management and proxy voting functions shifted to Vanguard Portfolio Management LLC. The securities are held in the ordinary course of business and not for the purpose of changing or influencing control of JBG SMITH.
JBG SMITH Properties reported an equity compensation grant to its Chief Accounting Officer in the form of partnership-based awards tied to the company’s operating partnership. On January 2, 2026, the officer received 10,185 Class AO LTIP Units at a participation threshold of $18.37 per unit and 7,092 LTIP Units under the JBG SMITH Properties 2017 Omnibus Share Plan.
AO LTIP Units function like net-exercise stock options: once vested, they can convert into LTIP Units based on the increase in the value of a common share above $18.37 as of conversion. Vested LTIP Units can then convert into operating partnership units that are redeemable, at the company’s option, for either one common share per unit or the cash value of a common share after a two-year anniversary. A portion of the AO LTIPs is performance-based over a three-year period starting January 2, 2026, with earned units vesting 50% on the third and 50% on the fourth anniversary, while the LTIPs vest 25% annually over four years, all subject to continued employment.
JBG SMITH Properties' Chief Investment Officer reported several complex equity awards and a revision to prior grants. On January 2, 2026, he received 59,259 Class AO LTIP Units with a participation threshold of
He also received multiple LTIP Unit grants, including 47,024, 125,000, 100,000 and 61,046 LTIP Units, with service-based vesting over three to four years and, for certain awards, share price performance hurdles between
JBG SMITH Properties’ Chief Financial Officer received several equity-based awards tied to long-term performance and service. On January 2, 2026, the executive was granted 58,333 Class AO LTIP Units with a participation threshold of
The executive also received LTIP grants of 46,289, 125,000, and 100,000 units under the omnibus plan. Portions of these LTIPs are subject to multi-year vesting schedules and performance conditions, including share price hurdles of