JBG SMITH Declares a Quarterly Common Dividend of $0.175 Per Share

Rhea-AI Summary

JBG SMITH (NYSE: JBGS), a prominent owner and operator of mixed-use properties in Washington, DC, has announced a quarterly dividend of $0.175 per common share. The dividend will be distributed on January 14, 2025, to shareholders recorded as of December 30, 2024. The company specializes in high-quality, mixed-use property development and operations in the DC market.

Positive

• Maintains consistent dividend payment to shareholders
• Demonstrates financial stability through continued dividend distribution

Negative

• None.

BETHESDA, Md.--(BUSINESS WIRE)-- JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share. The dividend will be paid on January 14, 2025 to common shareholders of record as of December 30, 2024.

About JBG SMITH

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's new headquarters; Virginia Tech's under-construction $1 billion Innovation Campus; the submarket’s proximity to the Pentagon; and our retail and digital placemaking initiatives and public infrastructure improvements. JBG SMITH's dynamic portfolio currently comprises 13.1 million square feet of high-growth multifamily, office and retail assets at share, 98% of which are Metro-served. It also maintains a development pipeline encompassing 9.3 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241216784904/en/

Kevin Connolly

JBG SMITH

Executive Vice President, Portfolio Management & Investor Relations

(240) 333-3837

kconnolly@jbgsmith.com

Source: JBG SMITH

FAQ

What is the dividend amount declared by JBG SMITH (JBGS) for Q4 2024?

JBG SMITH (JBGS) has declared a quarterly dividend of $0.175 per common share.

When is the payment date for JBGS's latest quarterly dividend?

The dividend will be paid on January 14, 2025.

What is the record date for JBGS's Q4 2024 dividend?

The record date for shareholders to be eligible for the dividend is December 30, 2024.

What is the annual dividend yield for JBGS based on the quarterly payment?

Based on the quarterly dividend of $0.175, the annual dividend payment would be $0.70 per share, but the yield would depend on the current stock price.