JBGSJBG SMITH Properties
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -69% · now 47% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can JBGS take a bad year?
JBG SMITH Properties carries $644M of net debt at 3.49× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.49×
Net debt / EBITDA · 3.36× a year ago · the load is going up
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 34%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $719M
- Cash and short-term investments
- $75M
- Net debt
- $644M
- EBITDA, trailing twelve months
- $184M
- Operating profit, trailing twelve months
- −$4.5M
- Debt / equity
- 0.67×
- Total debt / EBITDA
- 3.90×
- Annualised volatilitytwo years of daily moves
- 34%
- Worst drawdown on file
- −69%
- Below its 52-week high
- 47%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Diversified
The closest names by size in the same industry