WallStSmart

JBG SMITH Properties (JBGS)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 275% more annual revenue ($1.86B vs $497.38M). VNO leads profitability with a 48.5% profit margin vs -28.0%. VNO earns a higher WallStSmart Score of 61/100 (C+).

JBGS

Hold

45

out of 100

Grade: D

Growth: 4.7Profit: 4.0Value: 5.0Quality: 4.8
Piotroski: 3/9

VNO

Buy

61

out of 100

Grade: C+

Growth: 6.7Profit: 8.0Value: 7.3Quality: 4.8
Piotroski: 4/9Altman Z: 0.45
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for JBGS.

VNOUndervalued (+84.0%)

Margin of Safety

+84.0%

Fair Value

$188.60

Current Price

$26.03

$162.57 discount

UndervaluedFair: $188.60Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

JBGS3 strengths · Avg: 10.0/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Operating MarginProfitability
46.0%10/10

Strong operational efficiency at 46.0%

EPS GrowthGrowth
59.5%10/10

Earnings expanding 59.5% YoY

VNO4 strengths · Avg: 10.0/10
P/E RatioValuation
6.3x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
48.5%10/10

Keeps 49 of every $100 in revenue as profit

EPS GrowthGrowth
1263.0%10/10

Earnings expanding 1263.0% YoY

Areas to Watch

JBGS4 concerns · Avg: 2.5/10
Market CapQuality
$921.20M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-8.6%2/10

ROE of -8.6% — below average capital efficiency

Revenue GrowthGrowth
-3.0%2/10

Revenue declined 3.0%

VNO4 concerns · Avg: 2.0/10
PEG RatioValuation
7.372/10

Expensive relative to growth rate

Revenue GrowthGrowth
-8.1%2/10

Revenue declined 8.1%

Free Cash FlowQuality
$-563.27M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.452/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : JBGS

The strongest argument for JBGS centers on Price/Book, Operating Margin, EPS Growth.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 48.5% and operating margin at 13.6%.

Bear Case : JBGS

The primary concerns for JBGS are Market Cap, Piotroski F-Score, Return on Equity.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Revenue Growth, Free Cash Flow.

Key Dynamics to Monitor

JBGS profiles as a turnaround stock while VNO is a declining play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.53 — expect wider price swings.

JBGS is growing revenue faster at -3.0% — sustainability is the question.

JBGS generates stronger free cash flow (-930,000), providing more financial flexibility.

Bottom Line

VNO scores higher overall (61/100 vs 45/100), backed by strong 48.5% margins. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

JBG SMITH Properties

REAL ESTATE · REIT - OFFICE · USA

JBG SMITH is an S&P 400 company that owns, operates, invests, and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC.

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Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

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