Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
FY2027 EPS: comparable history unavailable.
JBG Smith (JBGS)
NYSEReal EstateReit - DiversifiedSnapshot 2026-11-04
$12.29+4.86%
Close 2026-11-04 · 1-day change
NYSEReal EstateReit - DiversifiedSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
No analysts cover EPS estimates for this fiscal period.
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
The calculation requires same-period, same-provider snapshots, positive EPS, at least one analyst and a baseline within three days of the requested lookback.
The EPS and P/E reference is not available for JBGS yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Operating income improves toward break-even | The company aims to stabilize assets for $21.1M in annual net operating income. | Intact | Operating income falls below -$23.0M next quarter | Operating income: $8.135M FY2026-Q2; GAAP. Published target: Operating income >= -$23.0M next quarter. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Aug 10, 20268,135,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
FY2027 EPS: comparable history unavailable.
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a turnaround-style real estate thesis, not a steady earnings compounder, because the company is loss-making and recent performance is weak. The multi-year view depends on management improving the portfolio and capital strategy; the thesis is currently in a watch state.
JBGS trades at a sizable premium to peers, while the expectations gap is negative, suggesting current expectations may be difficult to meet. The valuation tag is justified and fragility is low, but the valuation model has only medium confidence.
Near term, results remain vulnerable: the company missed its most recent quarter, and the estimated miss probability is elevated. Management has made mixed progress on joint ventures, office conversions, and its focus on long-term NAV per share growth, while recent operating losses narrowed and revenue stayed broadly stable across the first two quarters of 2026. A recent decline in company quality and a negative capital-allocation event add to execution concerns.
Over the next few quarters, a guidance cut would be a meaningful setback, while rate cuts from the current 3.88% could support rate-sensitive real estate. The multi-year thesis also depends on continued progress reducing obsolete office space and attracting private capital through joint ventures; weakness among real estate sector bellwethers could remove a helpful sector backdrop.
Over the next 1 to 3 years, JBGS remains a fragile office recovery story with mixed strategic progress, weak recent performance, and valuation expectations that appear demanding relative to peers. The thesis hinges on execution and guidance holding up while the sector backdrop remains supportive. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Cash from operations increases |
| Cash from operations is rising, showing better financial health. |
| Broken |
| Cash from operations falls below $12.9M next quarter |
Cash from operations: $19.812M FY2026-Q2; GAAP. Published target: Cash from operations >= $12.9M next quarter. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Aug 10, 202619,812,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stabilize assets for $21.1M annualized NOI | The company aims to stabilize assets for $21.1M in annual net operating income. | Intact | Annualized NOI falls below $21.1M | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.45B → $0.49B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | Unavailable | $454,500,000 | — / 1 |
| 2026-07-25 | Unavailable | $487,829,500 | 0 / 1 |
| 2026-07-26 | Unavailable | $454,500,000 | — / 1 |
| 2026-07-27 | Unavailable | $487,829,500 | 0 / 1 |
| 2026-07-28 | Unavailable | $487,829,500 | 0 / 1 |
| 2026-07-29 | Unavailable | $454,500,000 | — / 1 |
| 2026-07-30 | Unavailable | $454,500,000 | — / 1 |
| 2026-07-31 | Unavailable | $454,500,000 | — / 1 |
| 2026-08-01 | Unavailable | $487,829,500 | 0 / 1 |
| 2026-08-02 | Unavailable | $454,500,000 | — / 1 |
| 2026-08-03 | Unavailable | $454,500,000 | — / 1 |
| 2026-08-04 | Unavailable | $454,500,000 | — / 1 |
| 2026-08-05 | Unavailable | $454,500,000 | — / 1 |
| 2026-08-06 | Unavailable | $487,829,500 | 0 / 1 |
| 2026-08-07 | Unavailable | $487,842,000 | 0 / 1 |
| 2026-08-08 | Unavailable | $454,500,000 | — / 1 |
| 2026-08-09 | Unavailable | $454,500,000 | — / 1 |
| 2026-08-10 | Unavailable | $454,500,000 | — / 1 |
| 2026-08-12 | Unavailable | $487,842,000 | 0 / 1 |
| 2026-08-13 | Unavailable | $441,115,500 | — / 2 |
| 2026-08-14 | Unavailable | $487,842,000 | 0 / 1 |
| 2026-08-15 | Unavailable | $487,842,000 | 0 / 1 |
| 2026-08-16 | Unavailable | $487,842,000 | 0 / 1 |
| 2026-08-17 | Unavailable | $487,842,000 | 0 / 1 |
| 2026-08-18 | Unavailable | $487,842,000 | 0 / 1 |
| 2026-08-19 | Unavailable | $487,842,000 | 0 / 1 |
| 2026-08-20 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-21 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-22 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-23 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-24 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-25 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-26 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-27 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-28 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-29 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-30 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-08-31 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-01 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-02 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-03 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-04 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-05 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-06 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-07 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-08 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-09 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-10 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-11 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-12 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-13 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-14 | Unavailable | $484,817,500 | 0 / 2 |
| 2026-09-15 | Unavailable | $487,553,000 | 0 / 2 |
| 2026-09-16 | Unavailable | $487,553,000 | 0 / 2 |
| 2026-09-17 | Unavailable | $487,553,000 | 0 / 2 |
| 2026-09-18 | Unavailable | $487,553,000 | 0 / 2 |
| 2026-09-19 | Unavailable | $487,553,000 | 0 / 2 |
| 2026-09-20 | Unavailable | $487,553,000 | 0 / 2 |
| 2026-09-21 | Unavailable | $487,553,000 | 0 / 2 |
| 2026-09-22 | Unavailable | $487,555,000 | 0 / 2 |
| 2026-09-23 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-09-24 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-09-25 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-09-26 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-09-27 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-09-28 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-09-29 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-09-30 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-01 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-02 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-03 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-04 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-05 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-06 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-07 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-08 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-09 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-10 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-11 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-12 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-13 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-14 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-15 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-16 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-17 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-18 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-19 | Unavailable | $487,555,000 | 0 / 1 |
| 2026-10-20 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-21 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-22 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-23 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-24 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-25 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-26 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-27 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-28 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-29 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-30 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-10-31 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-11-01 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-11-02 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-11-03 | Unavailable | $487,655,000 | 0 / 1 |
| 2026-11-04 | Unavailable | $487,655,000 | 0 / 1 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 0 Buy / Strong Buy · 1 Hold · 2 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.