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 ownership disclosure: The Vanguard Group filed an amendment stating it beneficially owns 0 shares (0%) of JBG SMITH Properties common stock as reported in this Schedule 13G/A. The filing explains an internal realignment effective January 12, 2026 under SEC Release No. 34-39538 that caused certain Vanguard subsidiaries or business divisions to report separately.
The filing lists voting and dispositive powers as 0 (sole and shared). Signature is by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.
JBG SMITH Properties has called its 2026 virtual Annual Meeting for April 30, 2026 at 8:30 a.m. EDT. Shareholders will vote on electing eight trustees, approving an advisory Say-on-Pay resolution, and ratifying Deloitte & Touche LLP as independent auditor for 2026.
The proxy highlights 2025 business actions including selling or recapitalizing $660.3 million of multifamily and land assets, acquiring $61.2 million of office assets, leasing about 723,000 square feet of office space, completing two multifamily towers totaling 775 units, entitling 2.2 million square feet in National Landing, and cutting G&A expenses by roughly 10% for 2025 and over 40% since 2019.
The filing details a pay-for-performance executive compensation program combining salary, annual cash incentives, and time- and performance-based equity, along with robust governance practices such as an independent board majority, active board committees, sustainability and human capital initiatives, share ownership guidelines, and restrictions on insider trading and hedging.
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 $0.00 per unit or share. The company states that no sale or monetization of securities occurred in these transactions. Each OP Unit is redeemable, once vested, for either one common share or the cash value of a common share at the company’s option.
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.