JBG SMITH Properties (FRA:JBG) Gross Margin %: 48.85% (As of Mar. 2026) — Near Median

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FRA:JBG JBG SMITH Properties FRA:JBG
62 GF Score
Price €12.10
GF Value €18.25
! 7 Warning Signs
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What is JBG SMITH Properties Gross Margin %?

JBG SMITH Properties FRA:JBG -1.63% 62 Gross Margin % is 48.85% as of Mar. 2026, which is 3% below its 10-year median of 50.19. GuruFocus rates FRA:JBG with a GF Score™ of 62/100 and a GF Value™ of €18.25. The stock has 7 warning signs investors should review. Among 680 REITs companies, JBG SMITH Properties ranks worse than 85.44% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. JBG SMITH Properties's Gross Profit for the three months ended in Mar. 2026 was €53.9 Mil. JBG SMITH Properties's Revenue for the three months ended in Mar. 2026 was €110.4 Mil. Therefore, JBG SMITH Properties's Gross Margin % for the quarter that ended in Mar. 2026 was 48.85%.


The historical rank and industry rank for JBG SMITH Properties's Gross Margin % or its related term are showing as below:

FRA:JBG' s Gross Margin % Range Over the Past 10 Years
Min: 45.01   Med: 50.19   Max: 62.98
Current: 49.61


During the past 13 years, the highest Gross Margin % of JBG SMITH Properties was 62.98%. The lowest was 45.01%. And the median was 50.19%.

FRA:JBG's Gross Margin % is ranked worse than
85.44% of 680 companies
in the REITs industry
Industry Median: 69.955 vs FRA:JBG: 49.61

JBG SMITH Properties had a gross margin of 48.85% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for JBG SMITH Properties was 1.90% per year.


JBG SMITH Properties  (FRA:JBG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

JBG SMITH Properties had a gross margin of 48.85% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


JBG SMITH Properties Gross Margin % Related Terms


JBG SMITH Properties Gross Margin % Historical Data

* Premium members only.

The historical data trend for JBG SMITH Properties's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

JBG SMITH Properties Gross Margin % Chart

JBG SMITH Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.20 49.37 51.89 50.03 49.62

JBG SMITH Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.89 51.70 49.22 48.65 48.85

FRA:JBG vs ESRT, CTO, GOOD: Gross Margin % Comparison

For the REIT - Diversified subindustry, JBG SMITH Properties's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


JBG SMITH Properties Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, JBG SMITH Properties's Gross Margin % distribution charts can be found below:

* The bar in red indicates where JBG SMITH Properties's Gross Margin % falls into.


FRA:JBG
62GF Score
JBG SMITH Properties FRA:JBG
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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JBG SMITH Properties Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

JBG SMITH Properties's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=211.3 / 425.803
=(Revenue - Cost of Goods Sold) / Revenue
=(425.803 - 214.5) / 425.803
=49.62 %

JBG SMITH Properties's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=53.9 / 110.376
=(Revenue - Cost of Goods Sold) / Revenue
=(110.376 - 56.452) / 110.376
=48.85 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 48.85% mean?
JBG SMITH Properties (FRA:JBG) has a Gross Margin % of 48.85% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on JBG SMITH Properties and its competitors. This is near median its historical median of 50.19. Over the past decade, JBG SMITH Properties' Gross Margin % has ranged from 45.01 to 62.98. According to the industry distribution chart, JBG SMITH Properties ranks #581 out of 680 companies in the REITs industry, placing it in the top 85.4%.
Is JBG SMITH Properties' Gross Margin % too high?
JBG SMITH Properties' current Gross Margin % of 48.85% is near median its 10-year median of 50.19. Over the past 10 years, this metric has ranged from a low of 45.01 to a high of 62.98. The REITs industry median Gross Margin % is 69.96. JBG SMITH Properties' value of 48.85% is 30.2% below this industry median. Based on the distribution chart, JBG SMITH Properties ranks #581 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, JBG SMITH Properties has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does JBG SMITH Properties' Gross Margin % compare to ESRT and CTO?
According to the REITs industry distribution chart, JBG SMITH Properties ranks #581 out of 680 companies for Gross Margin %. This places JBG SMITH Properties in the lower half of its industry. The industry median Gross Margin % is 69.96. JBG SMITH Properties' value of 48.85% is 30.2% below this benchmark. Historically, JBG SMITH Properties' own Gross Margin % has ranged from 45.01 to 62.98 over the past decade. While the company's 10-year median is 50.19 vs. the industry median of 69.96, JBG SMITH Properties has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.96, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JBG SMITH Properties's current Gross Margin % of 48.85% is 30.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on JBG SMITH Properties and its competitors. For the REITs industry, the median Gross Margin % is 69.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JBG SMITH Properties's current Gross Margin % is 48.85%, which is near median its own 10-year median of 50.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBG SMITH Properties stock overvalued right now?
JBG SMITH Properties (FRA:JBG) has a current Gross Margin % of 48.85%. The stock's GF Value™ is €18.25, compared to a current price of €12.10 — trading 33.7% below its estimated fair value. The current Gross Margin % is 48.85%, which is near median its 10-year median of 50.19 and 30.2% below the REITs industry median of 69.96. JBG SMITH Properties' overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For JBG SMITH Properties (FRA:JBG), the current Gross Margin % is 48.85% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is JBG SMITH Properties (FRA:JBG) Overvalued in 2026?

Based on GuruFocus' analysis, JBG SMITH Properties stock appears to be undervalued. The current stock price of €12.10 is trading 33.7% below its estimated GF Value™ of €18.25.

Key valuation signals for FRA:JBG:

  • Gross Margin %: 48.85% (near median its 10-year median of 50.19)
  • GF Value™: €18.25 vs. price of €12.10 (33.7% below fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 30.2% below the REITs median (#581 of 680)

No single metric tells the full story. See the FRA:JBG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JBG SMITH Properties Business Description

Industry Real EstateREITs
Other Exchanges JBGS:USA
Address 4747 Bethesda Avenue, Suite 200, Bethesda, MD, USA, 20814
JBG SMITH Properties is a real estate investment trust based in the United States. It owns, operates, invests in, and develops real estate assets concentrated in amenity-rich, metro-served submarkets in and around Washington, DC. In addition, the company also provides fee-based real estate services to legacy funds through its third-party real estate services business. The operating segments of the company are commercial, multifamily, and third-party real estate services. It generates maximum revenue from the commercial segment.
62GF Score

Get the complete analysis for FRA:JBG

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€12.10
Price
€18.25
GF Value