Added to YB: 2024-06-28
Pitch date: 2024-06-28
JBGS [bullish]
JBG SMITH Properties
-19.51%
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 in and around Washington, DC, most notably National Landing, where through our focus on placemaking, we cultivate vibrant, highly amenitized, walkable neighborhoods.
Market Cap
$647.8M
Pitch Price
$13.77
Price Target
N/A
Dividend
6.33%
EV/EBITDA
18.56
P/E
-4.26
EV/Sales
7.23
Sector
Office REITs
Category
value
JBGS: Attractive Entry Point with Substantial Discount to Intrinsic Value
JBGS: Massive NAV discount, ~$50M Q2 buybacks. Mid-teens distribution yield. Multifamily NOI ~$180M, 5.5% cap rate = $3.3B value vs $3.9B TEV. $1.2B implied multifam equity vs $1.55B mkt cap. Office assets worth ~$1B, 9M SF dev pipeline. Huge discount to intrinsic value.
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