JBGS JBG SMITH Properties Common Shares
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 10, 2026
$10.56
· of 52w range
· above low
· to high
$9.9352w low
$21.9852w high
P/E (TTM)
-4.1
EPS (TTM)
$-2.59
Revenue (TTM)
$508M
your badges
52W Range
$10–$22
Analyst Rating
HOLD
Price Target
$12
P/E
-4.1
ROE
-12.7%
Net Profit Margin
-29.9%
Your badge strip is empty — pin a metric anywhere on this page.
JBGS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.56
P/E (TTM)
-4.1
EPS (TTM)
$-2.59
Revenue (TTM)
$508M
ROE (TTM)
-12.7%
52W Range
$10–$22
JBGS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$499M2016-12-31 → 2025-12-31
EPS$-2.092016-12-31 → 2025-12-31
Net margin-29.9%2017-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | JBGS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -4.15Y avg ≈-11.5 | ≈-11.5 | · | · | |
| Price / Tangible Book | 0.75Y avg ≈0.9 | ≈0.9 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | JBGS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | 39.6%5Y avg ≈37.7% | ≈37.7% | · | · | |
| Pretax Margin (TTM) | -37.4%5Y avg ≈-15.8% | ≈-15.8% | · | · | |
| Net Profit Margin (TTM) | -29.9%5Y avg ≈-13.2% | ≈-13.2% | · | · | |
| ROA (TTM) | -3.4%5Y avg ≈-1.4% | ≈-1.4% | · | · | |
| ROE (TTM) | -12.7%5Y avg ≈-4.3% | ≈-4.3% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | JBGS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -8.9%5Y avg ≈-3.6% | ≈-3.6% | · | · | |
| Revenue CAGR 3Y | -6.3%5Y avg ≈-3.7% | ≈-3.7% | · | · | |
| Revenue CAGR 5Y | -3.7% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | JBGS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.1 | ≈0.1 | · | · | |
| Revenue / Employee | ≈$836.6K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Payout Ratio-34.8%
Annualized Payout≈$0.70
5Y Div CAGR≈-4.9%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 13, 2026 | $0.18 | USD | ≈5.9% |
| May 14, 2026 | $0.18 | USD | ≈4.8% |
| Dec 30, 2025 | $0.18 | USD | ≈4.1% |
| Nov 6, 2025 | $0.18 | USD | ≈3.9% |
| Aug 7, 2025 | $0.18 | USD | ≈3.5% |
| May 8, 2025 | $0.18 | USD | ≈4.5% |
| Dec 30, 2024 | $0.18 | USD | ≈5.8% |
| Nov 7, 2024 | $0.18 | USD | ≈4.1% |
| Aug 7, 2024 | $0.18 | USD | ≈4.6% |
| May 9, 2024 | $0.18 | USD | ≈7.0% |
| Feb 29, 2024 | $0.18 | USD | ≈5.1% |
| Nov 16, 2023 | $0.23 | USD | ≈6.7% |
| Aug 16, 2023 | $0.23 | USD | ≈6.2% |
| Jun 22, 2023 | $0.23 | USD | ≈6.4% |
| Dec 28, 2022 | $0.23 | USD | ≈4.8% |
| Nov 7, 2022 | $0.23 | USD | ≈4.8% |
| Aug 11, 2022 | $0.23 | USD | ≈3.7% |
| May 12, 2022 | $0.23 | USD | ≈3.7% |
| Dec 29, 2021 | $0.23 | USD | ≈3.1% |
| Nov 9, 2021 | $0.23 | USD | ≈3.0% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
107.2%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| March 31, 2026 | $0.17 | — | — | |
| Dec. 31, 2025 | $0.17 | $-0.48 | 135.5% | |
| Sept. 30, 2025 | $-0.41 | $-0.50 | 18.0% | |
| June 30, 2025 | $0.22 | $-0.55 | 139.9% | |
| March 31, 2025 | $0.17 | $-0.48 | 135.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $499M | $547M | $604M | $606M | $634M | $603M | $648M | $644M | $543M | $479M | |
| Operating Expenses | $507M | $546M | $565M | $590M | $645M | $640M | $625M | $618M | $595M | $366M | |
| Operating Income | · | · | · | · | · | · | · | · | $-52M | $113M | |
| Interest Expense | · | · | $109M | $76M | $68M | $62M | $53M | $74M | $58M | $52M | |
| Other Non-op | $-164M | $-179M | $-131M | $84M | $-75M | $-34M | $50M | $20M | $-37M | $-50M | |
| Pretax Income | $-172M | $-177M | $-92M | $100M | $-86M | $-72M | $73M | $46M | $-89M | $63M | |
| Income Tax | $-4M | $762.0K | $-296.0K | $1M | $4M | $-4M | $-1M | $-738.0K | $-10M | $1M | |
| Net Income | $-139M | $-144M | $-80M | $85M | $-79M | $-62M | $66M | $40M | $-72M | $62M | |
| EPS (Basic) | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 | $-0.49 | $0.48 | $0.31 | $-0.70 | $0.62 | |
| EPS (Diluted) | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 | $-0.49 | $0.48 | $0.31 | $-0.70 | $0.62 | |
| Shares (Basic) | 67,361,000 | 88,330,000 | 105,095,000 | 119,005,000 | 130,839,000 | 133,451,000 | 130,687,000 | 119,176,000 | 105,359,000 | · | |
| Shares (Diluted) | 67,361,000 | 88,330,000 | 105,095,000 | 119,005,000 | 130,839,000 | 133,451,000 | 130,687,000 | 119,176,000 | 105,359,000 | 100,571,000 | |
| EBITDA | $197M | $215M | $216M | $218M | $240M | $226M | $196M | $216M | $112M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $75M | $146M | $165M | $241M | $264M | $226M | $126M | $261M | $317M | $29M | |
| Intangibles | $30M | $47M | $57M | $68M | $202M | $41M | $24M | $34M | $126M | $3M | |
| Total Assets | $4.39B | $5.02B | $5.52B | $5.90B | $6.39B | $6.08B | $5.99B | $6.00B | $6.07B | $3.66B | |
| Deferred Tax | · | $4M | $3M | $5M | $5M | $3M | $6M | $7M | $8M | $0 | |
| Total Liabilities | $2.72B | $2.79B | $2.83B | $2.71B | $2.93B | $2.34B | $1.99B | $2.45B | $2.49B | $1.54B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | $1.17B | |
| Common Stock | · | $846.0K | $944.0K | $1M | $1M | $1M | $1M | $1M | $1M | $0 | |
| Paid-in Capital | $2.34B | $2.79B | $2.98B | $3.26B | $3.54B | $3.66B | $3.63B | $3.16B | $3.06B | $0 | |
| Retained Earnings | $-1.18B | $-997M | $-777M | $-629M | $-609M | $-413M | $-231M | $-176M | $-96M | $0 | |
| AOCI | $-2M | $15M | $20M | $46M | $-16M | $-40M | $-17M | $7M | $2M | · | |
| Stockholders' Equity | $1.16B | $1.81B | $2.25B | $2.71B | $2.92B | $3.21B | $3.39B | $2.99B | $2.97B | $2.12B | |
| Liabilities + Equity | $4.39B | $5.02B | $5.52B | $5.90B | $6.39B | $6.08B | $5.99B | $6.00B | $6.07B | $3.66B | |
| Shares Outstanding | · | 84,500,000 | 94,309,000 | 114,013,000 | 127,378,000 | 131,778,000 | 134,148,000 | 120,937,000 | 117,955,000 | 0 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $197M | $215M | $216M | $218M | $240M | $226M | $196M | $216M | $165M | $135M | |
| Stock-based Comp | $25M | $30M | $32M | $41M | $52M | $66M | $65M | $53M | $34M | $5M | |
| Deferred Tax | $-4M | $591.0K | $-2M | $-437.0K | $3M | $-3M | $-1M | $-718.0K | $-10M | $0 | |
| Amort. of Intangibles | · | · | · | · | $11M | $13M | $16M | $22M | $15M | $740.0K | |
| Restructuring | · | · | · | · | $1M | $4M | $5M | $16M | $128M | · | |
| Other Non-cash | $-6M | $28M | $17M | $-166M | $2M | $-57M | $-151M | $-119M | $-42M | · | |
| Operating Cash Flow | $73M | $129M | $183M | $178M | $218M | $169M | $174M | $188M | $74M | $160M | |
| Investing Cash Flow | $357M | $144M | $-98M | $524M | $-369M | $-168M | $-241M | $66M | $-8M | $-259M | |
| Stock Issued | · | · | · | · | · | · | $473M | $0 | $0 | · | |
| Stock Repurchased | $444M | $171M | $335M | $361M | $158M | $105M | · | · | · | · | |
| Net Stock Activity | $-444M | $-171M | $-335M | $-361M | $-158M | $-105M | $473M | · | · | · | |
| Dividends Paid | $48M | $62M | $94M | $108M | $118M | $120M | $130M | $107M | $27M | $0 | |
| Financing Cash Flow | $-510M | $-291M | $-159M | $-730M | $190M | $119M | $-190M | $-194M | $240M | $51M | |
| Net Change in Cash | $-80M | $-17M | $-74M | $-28M | $39M | $121M | $-257M | $61M | $306M | $-48M | |
| Taxes Paid | $61.0K | $117.0K | $2M | $1M | $815.0K | $-1M | $282.0K | $2M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | · | -9.6% | · | |
| Net Margin | -27.9% | -26.2% | -13.2% | 14.1% | -12.5% | -10.3% | 10.1% | 6.2% | -13.2% | · | |
| Pretax Margin | -34.5% | -32.3% | -15.2% | 16.6% | -13.6% | -11.9% | 11.2% | 7.1% | -16.4% | · | |
| EBITDA Margin | 39.6% | 39.3% | 35.7% | 36.0% | 37.9% | 37.4% | 30.2% | 33.5% | 20.7% | · | |
| ROA | -3.0% | -2.7% | -1.4% | 1.4% | -1.3% | -1.0% | 1.1% | 0.66% | -1.5% | · | |
| ROE | -11.2% | -7.8% | -3.2% | 3.0% | -2.6% | -1.9% | 2.1% | 1.3% | -2.8% | · | |
| ROIC | · | · | · | · | · | · | · | · | -1.6% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | -0.9 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $21.41 | $23.57 | $23.52 | $22.89 | $24.33 | $25.24 | $24.70 | $25.18 | · | |
| Revenue / Share | $7.40 | $6.20 | $5.75 | $5.09 | $4.85 | · | $4.96 | $5.41 | · | · | |
| Cash Flow / Share | $1.09 | $1.46 | $1.74 | $1.50 | $1.66 | · | $1.33 | $1.58 | · | · | |
| Cash / Share | · | $1.73 | $1.75 | $2.11 | $2.08 | $1.71 | $0.94 | $2.15 | $2.68 | · | |
| Dividend / Share | $0.70 | $0.88 | $0.68 | $0.90 | $0.90 | $0.90 | $0.90 | $1.00 | $0.45 | $0.00 | |
| EPS (TTM) | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 | $-0.49 | $0.48 | $0.31 | $-0.70 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -8.9% | -9.4% | -0.27% | -4.5% | 5.2% | · | · | · | · | · | |
| Revenue CAGR 3Y | -6.3% | -4.8% | 0.08% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -3.7% | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | -16.6% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $499M | $547M | $604M | $606M | $634M | $603M | $648M | $644M | $543M | · | |
| Net Income TTM | $-139M | $-144M | $-80M | $85M | $-79M | $-62M | $66M | $40M | $-72M | · | |
| Market Cap | · | $1.30B | $1.60B | $2.16B | $3.66B | $4.12B | $5.35B | $4.21B | $4.10B | · | |
| P/E | -8.1 | -9.3 | -21.8 | 27.1 | -45.6 | -63.8 | 83.1 | 112.3 | -49.6 | · | |
| P/S | · | 2.4 | 2.7 | 3.6 | 5.8 | 6.8 | 8.3 | 6.5 | 7.5 | · | |
| P/B | · | 0.7 | 0.7 | 0.8 | 1.3 | 1.3 | 1.6 | 1.4 | 1.4 | · | |
| P / Tangible Book | · | 0.7 | 0.7 | 0.8 | 1.3 | 1.3 | · | · | · | · | |
| P / Cash Flow | · | 10.0 | 8.7 | 12.2 | 16.8 | 24.4 | 30.8 | 22.4 | 55.2 | · | |
| Dividend Yield | · | 4.8% | 5.9% | 5.0% | 3.2% | 2.9% | 2.4% | 2.5% | 0.65% | · | |
| Earnings Yield | -12.3% | -10.7% | -4.6% | 3.7% | -2.2% | -1.6% | 1.2% | 0.89% | -2.0% | · | |
| Payout Ratio | -34.8% | -43.2% | -117.5% | 126.1% | -149.0% | -192.6% | 198.0% | 268.9% | -37.0% | · | |
| Annual Payout | $48M | $62M | $94M | $108M | $118M | $120M | $130M | $107M | $27M | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $129M | $128M | $128M | $124M | $126M | $121M | $131M | $136M | $135M | $145M | $148M | $152M | $152M | $153M | $151M | $148M | |
| Operating Expenses | $126M | $136M | $127M | $125M | $128M | $127M | $133M | $130M | $138M | $145M | $141M | $137M | $140M | $147M | $148M | $137M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $30M | · | $28M | $26M | $27M | · | $18M | |
| Other Non-op | $-76M | $-15M | $-61M | $-33M | $-22M | $-48M | $-68M | $-37M | $-30M | $-44M | $-45M | $-81M | $-23M | $18M | $-25M | $-32M | |
| Pretax Income | $-72M | $-23M | $-61M | $-34M | $-23M | $-54M | $-70M | $-30M | $-33M | $-44M | $-39M | $-66M | $-12M | $24M | $-22M | $-21M | |
| Income Tax | $0 | $7.0K | $-4M | $926.0K | $-83.0K | $-200.0K | $802.0K | $831.0K | $597.0K | $-1M | $-968.0K | $77.0K | $611.0K | $-16.0K | $-1M | $166.0K | |
| Net Income | $-59M | $-19M | $-46M | $-29M | $-19M | $-46M | $-60M | $-27M | $-24M | $-32M | $-33M | $-58M | $-11M | $21M | $-19M | $-19M | |
| EPS (Basic) | $-1.03 | $-0.32 | $-0.76 | $-0.48 | $-0.29 | $-0.56 | $-0.70 | $-0.32 | $-0.27 | $-0.36 | $-0.29 | $-0.58 | $-0.10 | $0.19 | $-0.16 | $-0.17 | |
| EPS (Diluted) | $-1.03 | $-0.32 | $-0.76 | $-0.48 | $-0.29 | $-0.56 | $-0.70 | $-0.32 | $-0.27 | $-0.36 | $-0.29 | $-0.58 | $-0.10 | $0.19 | $-0.16 | $-0.17 | |
| Shares (Basic) | 58,284,000 | 59,073,000 | · | 60,606,000 | 68,287,000 | 81,521,000 | · | 85,292,000 | 91,030,000 | 92,635,000 | · | 101,445,000 | 109,695,000 | 114,052,000 | · | 114,360,000 | |
| Shares (Diluted) | 58,284,000 | 59,073,000 | · | 60,606,000 | 68,287,000 | 81,521,000 | · | 85,292,000 | 91,030,000 | 92,635,000 | · | 101,445,000 | 109,695,000 | 114,052,000 | · | 114,360,000 | |
| EBITDA | · | $47M | · | · | · | $49M | · | · | · | $58M | · | · | · | $55M | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $75M | $80M | $75M | $64M | $61M | $81M | $146M | $137M | $164M | $221M | $165M | $131M | $157M | $280M | $241M | $259M | |
| Intangibles | $11M | $29M | $30M | $52M | $53M | $46M | $47M | $49M | $52M | $54M | · | $140M | $144M | $149M | · | $156M | |
| Total Assets | $4.26B | $4.34B | $4.39B | $4.42B | $4.55B | $4.73B | $5.02B | $5.18B | $5.33B | $5.41B | · | $5.67B | $5.78B | $5.84B | · | $5.90B | |
| Deferred Tax | · | · | · | $4M | $4M | $4M | $4M | $3M | $2M | $2M | · | $5M | $5M | $5M | · | $6M | |
| Total Liabilities | $2.69B | $2.70B | $2.72B | $2.66B | $2.68B | $2.74B | $2.79B | $2.84B | $2.85B | $2.80B | · | $2.82B | $2.74B | $2.64B | · | $2.62B | |
| Common Stock | · | · | · | $594.0K | $620.0K | $731.0K | · | $845.0K | $874.0K | $919.0K | · | $978.0K | $1M | $1M | · | $1M | |
| Paid-in Capital | $2.33B | $2.34B | $2.34B | $2.31B | $2.40B | $2.61B | $2.79B | $2.79B | $2.86B | $2.94B | · | $3.04B | $3.16B | $3.28B | · | $3.27B | |
| Retained Earnings | $-1.27B | $-1.20B | $-1.18B | $-1.11B | $-1.07B | $-1.04B | $-997M | $-908M | $-866M | $-825M | · | $-723M | $-642M | $-607M | · | $-559M | |
| AOCI | $6M | $2M | $-2M | $-1M | $-404.0K | $6M | $15M | $-477.0K | $29M | $31M | · | $52M | $43M | $32M | · | $47M | |
| Stockholders' Equity | $1.07B | $1.14B | $1.16B | $1.19B | $1.32B | $1.57B | $1.81B | $1.88B | $2.02B | $2.15B | $2.25B | $2.37B | $2.56B | $2.71B | · | $2.75B | |
| Liabilities + Equity | $4.26B | $4.34B | $4.39B | $4.42B | $4.55B | $4.73B | $5.02B | $5.18B | $5.33B | $5.41B | · | $5.67B | $5.78B | $5.84B | · | $5.90B | |
| Shares Outstanding | · | · | · | 59,302,000 | 61,945,000 | 73,033,000 | · | 84,434,000 | 87,306,000 | 91,819,000 | · | 97,717,000 | 105,139,000 | 113,583,000 | 114,013,000 | 113,764,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $47M | $47M | $49M | $50M | $49M | $49M | $52M | $52M | $53M | $58M | $59M | $52M | $50M | $55M | $57M | $51M | |
| Stock-based Comp | $9M | $8M | $5M | $5M | $8M | $7M | $3M | $5M | $11M | $10M | $5M | $6M | $10M | $10M | $9M | $7M | |
| Other Non-cash | · | $-33M | · | · | · | $2M | · | · | · | $1M | · | · | · | $-44M | · | · | |
| Operating Cash Flow | $16M | $3M | $33M | $9M | $19M | $13M | $42M | $26M | $24M | $37M | $68M | $25M | $47M | $43M | $48M | $23M | |
| Investing Cash Flow | $-17M | $24M | $-40M | $126M | $109M | $161M | $62M | $20M | $-62M | $124M | $25M | $12M | $-109M | $-27M | $-150M | $-111M | |
| Stock Repurchased | $3M | $25M | $8M | $63M | $225M | $148M | $2M | $52M | $67M | $49M | $61M | $118M | $136M | $20M | $0 | $64M | |
| Net Stock Activity | · | $-25M | · | · | · | $-148M | · | · | · | $-49M | · | · | · | $-20M | · | · | |
| Dividends Paid | $10M | $10M | $10M | $11M | $12M | $15M | $15M | $15M | $16M | $16M | $22M | $23M | $24M | $26M | $26M | $26M | |
| Financing Cash Flow | $-6M | $-16M | $23M | $-138M | $-158M | $-237M | $-91M | $-83M | $-17M | $-101M | $-62M | $-72M | $-57M | $32M | $-95M | $185M | |
| Net Change in Cash | $-7M | $12M | $16M | $-3M | $-29M | $-63M | $13M | $-36M | $-54M | $60M | $32M | $-34M | $-119M | $48M | $-198M | $97M | |
| Taxes Paid | $0 | $7.0K | · | · | $-24.0K | $85.0K | · | · | · | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -45.7% | -14.6% | · | -23.1% | -15.2% | -37.9% | · | -19.8% | -18.0% | -22.2% | · | -38.3% | -6.9% | 13.8% | · | -13.1% | |
| Pretax Margin | -56.0% | -18.1% | · | -27.5% | -18.4% | -44.7% | · | -22.4% | -24.2% | -30.1% | · | -43.6% | -7.7% | 15.9% | · | -14.5% | |
| EBITDA Margin | · | 37.0% | · | · | · | 41.0% | · | · | · | 40.3% | · | · | · | 35.7% | · | · | |
| ROA | -1.3% | -0.41% | · | -0.59% | -0.39% | -0.90% | · | -0.50% | -0.44% | -0.57% | · | -1.0% | -0.19% | 0.35% | · | -0.32% | |
| ROE | -5.0% | -1.4% | · | -1.9% | -1.1% | -2.5% | · | -1.3% | -1.1% | -1.3% | · | -2.3% | -0.39% | 0.76% | · | -0.66% |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | · | · | $20.08 | $21.35 | $21.51 | · | $22.29 | $23.13 | $23.40 | · | $24.28 | $24.34 | $23.84 | · | $24.22 | |
| Revenue / Share | $2.22 | $2.16 | · | $2.04 | $1.85 | $1.48 | · | $1.59 | $1.49 | $1.57 | · | $1.49 | $1.39 | $1.34 | · | $1.29 | |
| Cash Flow / Share | · | $0.06 | · | · | · | $0.16 | · | · | · | $0.40 | · | · | · | $0.37 | · | · | |
| Cash / Share | · | · | · | $1.09 | $0.99 | $1.11 | · | $1.62 | $1.87 | $2.40 | · | $1.34 | $1.49 | $2.46 | · | $2.28 | |
| Dividend / Share | $0.17 | · | $0.35 | $0.17 | $0.17 | · | $0.35 | $0.17 | $0.17 | $0.17 | $0.23 | $0.23 | $0.23 | · | $0.45 | $0.23 | |
| EPS (TTM) | $-2.59 | $-1.85 | · | $-2.03 | $-1.87 | $-1.85 | · | $-1.24 | $-1.50 | $-1.33 | · | $-0.65 | $-0.24 | $0.88 | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $508M | $506M | · | $502M | $514M | $523M | · | $564M | $580M | $596M | · | $607M | $603M | $597M | · | $612M | |
| Net Income TTM | $-152M | $-112M | · | $-153M | $-152M | $-157M | · | $-116M | $-147M | $-133M | · | $-66M | $-27M | $107M | · | $48M | |
| Market Cap | · | · | · | $1.32B | $1.07B | $1.18B | · | $1.48B | $1.33B | $1.47B | · | $1.41B | $1.58B | $1.71B | · | $2.11B | |
| P/E | -5.7 | -7.9 | · | -11.0 | -9.3 | -8.7 | · | -14.1 | -10.2 | -12.1 | · | -22.2 | -62.7 | 17.1 | · | · | |
| P/S | · | · | · | 2.6 | 2.1 | 2.3 | · | 2.6 | 2.3 | 2.5 | · | 2.3 | 2.6 | 2.9 | · | 3.5 | |
| P/B | · | · | · | 1.1 | 0.8 | 0.7 | · | 0.8 | 0.7 | 0.7 | · | 0.6 | 0.6 | 0.6 | · | 0.8 | |
| P / Tangible Book | · | · | · | 1.2 | 0.8 | 0.8 | · | 0.8 | 0.7 | 0.7 | · | 0.6 | 0.7 | 0.7 | · | 0.8 | |
| P / Cash Flow | · | · | · | · | · | 91.0 | · | · | · | 39.8 | · | · | · | 40.1 | · | · | |
| Dividend Yield | · | · | · | 4.0% | 5.3% | 5.2% | · | 4.7% | 5.8% | 5.7% | · | 6.9% | 6.4% | 6.1% | · | 5.3% | |
| Earnings Yield | -17.7% | -12.7% | · | -9.1% | -10.8% | -11.5% | · | -7.1% | -9.8% | -8.3% | · | -4.5% | -1.6% | 5.8% | · | · | |
| Payout Ratio | · | -55.7% | · | · | · | -32.3% | · | · | · | -49.8% | · | · | · | 121.2% | · | · | |
| Annual Payout | $42M | $44M | · | $53M | $57M | $61M | · | $69M | $77M | $84M | · | $98M | $101M | $105M | · | $111M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $499M | $547M | $604M | $606M | $634M |
| Net Income | $-139M | $-144M | $-80M | $85M | $-79M |
| Diluted EPS | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 218 filers · $959.6M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
218
Value held
$959.6M
New positions
26
Exited positions
31
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 26 (-11 vs prior Q) | 31 (+5 vs prior Q) | 60 (+2 vs prior Q) | 70 (-2 vs prior Q) | +1.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $164,185,151 | 11,191,898 | 17.11% | Shares |
| VANGUARD GROUP INC | $158,685,337 | 9,328,944 | 16.54% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $90,398,785 | 6,162,153 | 9.42% | Shares |
| Long Pond Capital, LP | $59,032,359 | 4,024,019 | 6.15% | Shares |
| MORGAN STANLEY | $57,814,877 | 3,941,026 | 6.02% | Shares |
| STATE STREET CORP | $53,169,933 | 3,624,399 | 5.54% | Shares |
| CITIGROUP INC | $42,485,619 | 2,896,089 | 4.43% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $38,217,301 | 2,605,133 | 3.98% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $25,885,518 | 1,764,201 | 2.70% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $24,613,458 | 1,677,809 | 2.56% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $21,348,341 | 1,455,238 | 2.22% | Shares |
| Allianz Asset Management GmbH | $18,068,555 | 1,231,667 | 1.88% | Shares |
| GOLDMAN SACHS GROUP INC | $14,464,957 | 986,023 | 1.51% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $12,644,553 | 861,906 | 1.32% | Shares |
| NORTHERN TRUST CORP | $12,566,821 | 856,634 | 1.31% | Shares |
| CITADEL ADVISORS LLC | $11,788,650 | 803,589 | 1.23% | Shares |
| UBS Group AG | $7,540,953 | 514,039 | 0.79% | Shares |
| WELLS FARGO & COMPANY/MN | $7,291,267 | 497,019 | 0.76% | Shares |
| Loews Corp | $7,283,948 | 496,520 | 0.76% | Shares |
| Bank of New York Mellon Corp | $6,686,596 | 455,801 | 0.70% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,737,290 | 391,090 | 0.60% | Shares |
| Marnell Management LLC | $5,598,351 | 381,619 | 0.58% | Shares |
| TWO SIGMA INVESTMENTS, LP | $4,957,565 | 337,939 | 0.52% | Shares |
| Legal & General Group Plc | $4,893,383 | 333,564 | 0.51% | Shares |
| JPMORGAN CHASE & CO | $4,839,303 | 327,866 | 0.50% | Shares |
| Quantinno Capital Management LP | $4,771,077 | 325,226 | 0.50% | Shares |
| TUDOR INVESTMENT CORP ET AL | $4,489,724 | 306,048 | 0.47% | Shares |
| BANK OF AMERICA CORP /DE/ | $4,452,889 | 303,537 | 0.46% | Shares |
| ExodusPoint Capital Management, LP | $4,283,127 | 291,965 | 0.45% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $4,130,969 | 281,593 | 0.43% | Shares |
| Nuveen, LLC | $3,584,396 | 244,335 | 0.37% | Shares |
| Invesco Ltd. | $3,391,220 | 231,167 | 0.35% | Shares |
| Public Sector Pension Investment Board | $2,935,408 | 200,096 | 0.31% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $2,672,126 | 182,149 | 0.28% | Shares |
| BROWN ADVISORY INC | $2,635,553 | 179,656 | 0.27% | Shares |
| RHUMBLINE ADVISERS | $2,307,603 | 157,303 | 0.24% | Shares |
| Rockefeller Capital Management L.P. | $2,086,250 | 142,212 | 0.22% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,751,418 | 119,878 | 0.18% | Shares |
| HSBC HOLDINGS PLC | $1,740,699 | 118,627 | 0.18% | Shares |
| Swiss National Bank | $1,736,312 | 118,358 | 0.18% | Shares |
| AlphaQuest LLC | $1,608,704 | 94,574 | 0.17% | Shares |
| AMERIPRISE FINANCIAL INC | $1,509,602 | 102,904 | 0.16% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $1,503,396 | 102,481 | 0.16% | Shares |
| Skopos Labs, Inc. | $1,498,198 | 102,546 | 0.16% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1,443,029 | 98,366 | 0.15% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $1,428,858 | 97,400 | 0.15% | Shares |
| Summit Trail Advisors, LLC | $1,411,518 | 96,218 | 0.15% | Shares |
| Qube Research & Technologies Ltd | $1,309,312 | 89,251 | 0.14% | Shares |
| Point72 Asset Management, L.P. | $1,237,282 | 84,341 | 0.13% | Shares |
| DEUTSCHE BANK AG\ | $1,177,722 | 80,281 | 0.12% | Shares |
Company insiders 27 insiders · 12 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William Matthew Kelly | Chief Executive Officer | Jan. 2, 2026 A | 4,622 | 0 | 0 | $0 |
| Madhumita Moina Banerjee | Chief Financial Officer | Jan. 2, 2026 A | 0 | 0 | 0 | $0 |
| Stephen W. Theriot | CFO and Treasurer | June 2, 2020 A | · | 0 | 0 | $0 |
| Steven A Museles | Chief Legal Off. & Corp. Secy | June 8, 2026 S | 0 | 0 | 4 | $-909,712 |
| Angela Valdes | Chief Accounting Officer | Feb. 13, 2026 A | 0 | 0 | 0 | $0 |
| Evan Regan-Levine | Chief Strategy Officer | Jan. 2, 2026 A | 0 | 0 | 3 | $-176,799 |
| George Laucks Xanders | Chief Investment Officer | Jan. 2, 2026 A | 4,000 | 0 | 0 | $0 |
| Kevin Reynolds | Chief Development Officer | Aug. 27, 2024 S | 9 | 0 | 0 | $0 |
| David Peter Paul | Pres. & Chief Operating Off. | Dec. 9, 2022 S | 1,160 | 0 | 0 | $0 |
| Brian Patrick Coulter | Co-Chief Development Officer | Jan. 10, 2019 A | · | 0 | 0 | $0 |
| James Lee Iker | Chief Investment Officer | Jan. 10, 2019 A | 40,017 | 0 | 0 | $0 |
| Tyrrell Patrick J | Chief Administrative Officer | Aug. 1, 2017 A | · | 0 | 0 | $0 |
| Alisa Michelle Mall | Director | April 30, 2026 A | · | 0 | 0 | $0 |
| Robert Alexander Stewart | Director | April 30, 2026 A | 200,000 | 0 | 0 | $0 |
| CALDWELL PHYLLIS R | Director | April 30, 2026 A | · | 0 | 0 | $0 |
| Michael J Glosserman | Director | April 30, 2026 A | 0 | 0 | 0 | $0 |
| Alan S Forman | Director | April 30, 2026 A | 5,000 | 0 | 0 | $0 |
| William J Mulrow | Director | April 30, 2026 A | · | 0 | 0 | $0 |
| Scott A Estes | Director | April 30, 2026 A | 20,000 | 0 | 1 | $-198,700 |
| Ellen D Shuman | Director | April 30, 2026 A | · | 0 | 0 | $0 |
| Carol A Melton | Director | April 30, 2026 A | 2,500 | 0 | 0 | $0 |
| Charles E Haldeman | Director | May 4, 2023 A | 85,000 | 0 | 0 | $0 |
| Steven Roth | Director | April 29, 2021 A | 1,493,515 | 0 | 0 | $0 |
| John F Wood | Director | April 30, 2020 A | · | 0 | 0 | $0 |
| Mitchell N Schear | Director | April 30, 2020 A | · | 0 | 0 | $0 |
| YALE UNIVERSITY | Director | Dec. 12, 2018 S | 3,871,118 | 0 | 0 | $0 |
| VORNADO REALTY TRUST | 10% owner | July 17, 2017 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 40 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| XSLV · Invesco Exchange-Traded Fund Trust … | 0.69% | 155,303 | Oct. 2, 2026 | Daily |
| GQRE · FlexShares Trust | 0.21% | 62,400 NS | July 31, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 75,644 NS | July 31, 2026 | N-PORT |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.14% | 3,745 | Oct. 2, 2026 | Daily |
| ERTH · Invesco Exchange-Traded Fund Trust | 0.10% | 11,376 | Oct. 2, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.08% | 83,381 NS | July 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.06% | 41,608 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 52,536 SH | Aug. 19, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.06% | 73,900 NS | July 31, 2026 | N-PORT |
| USRT · iShares Trust | 0.06% | 225,140 SH | Sept. 11, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.05% | 2,237,869 SH | Aug. 19, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.05% | 203,157 SH | Aug. 19, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 120,196 SH | Sept. 11, 2026 | Daily |
| ERET · iShares Trust | 0.05% | 541 SH | Sept. 11, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.04% | 122,684 NS | July 31, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.04% | 49,446 SH | Aug. 19, 2026 | Daily |
| REET · iShares Trust | 0.04% | 166,932 SH | Sept. 11, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.03% | 57,644 | Oct. 2, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 347,296 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 28,798 NS | July 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.02% | 22,439 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.02% | 1,543,156 SH | Sept. 11, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 851,113 SH | Aug. 19, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 677,747 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,334,144 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 4,000 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.00% | 41,210 | Oct. 2, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.00% | 1,061 | Oct. 2, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 87,532 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 18,612 SH | Sept. 9, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,869,868 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,740 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 3,548,676 SH | Sept. 8, 2026 | Daily |
| IJT · iShares Trust | · | 331,953 SH | Sept. 9, 2026 | Daily |
| IJS · iShares Trust | · | 206,684 SH | Sept. 8, 2026 | Daily |
| IWN · iShares Trust | · | 567,200 SH | Sept. 11, 2026 | Daily |
| XJR · iShares Trust | · | 7,985 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 2,573 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 13,536 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 292,872 SH | Sept. 11, 2026 | Daily |
JBGS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
SELL
Median target
$12.00
+13.6%
0 0.0%
Strong Buy
0 0.0%
Buy
3 37.5%
Hold
3 37.5%
Sell
2 25.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-10-02Mean target $12.00 +13.6%
Low$12.00
Mean$12.00
High$12.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| JBGS | · | -8.1 | -8.9% | -27.9% | -11.2% | · |
| DEA | $981M | 78.5 | 11.3% | 3.9% | 0.98% | · |
| PSTL | · | 34.3 | 25.5% | 14.8% | 5.3% | · |
| ESRT | · | 26.1 | 0.05% | 9.5% | 7.0% | · |
| HPP | $587M | -0.8 | -1.3% | -71.3% | -20.3% | 48.5% |
| BDN | $507M | -2.8 | -4.2% | -36.8% | -19.5% | 61.8% |
| NLOP | $382M | -2.6 | -16.4% | -122.2% | -33.2% | · |
| ONL | $127M | -0.9 | -10.4% | -94.3% | -20.1% | · |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 10-Q filed Aug 10, 2026