Added to YB: 2024-11-15
Pitch date: 2024-11-15
JBGS [bullish]
JBG SMITH Properties
+18.87%
current return
Author Info
Raging Bull Investments is a lawyer by background who shares actionable investment ideas on value opportunities with a catalyst. Sign up for the newsletter.
Company Info
JBG SMITH owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, that we believe have long-term growth potential and appeal to residential, office, and retail tenants.
Market Cap
$1.1B
Pitch Price
$14.52
Price Target
25.00 (+45%)
Dividend
3.90%
EV/EBITDA
21.84
P/E
-8.52
EV/Sales
8.13
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)