JBG SMITH Declares a Quarterly Common Dividend of $0.225 Per Share

Rhea-AI Summary

JBG SMITH (NYSE: JBGS) has declared a quarterly dividend of $0.225 per common share, to be paid on November 22, 2022 to shareholders on record as of November 8, 2022. The company owns and develops a diverse portfolio of mixed-use properties in the Washington, DC area, with a focus on high-growth submarkets. Notably, over half of its assets are located in National Landing, where it is developing Amazon's new headquarters and a $1 billion Innovation Campus for Virginia Tech. JBG SMITH is committed to green building and aims for carbon-neutral operations annually.

Positive

• Quarterly dividend of $0.225 per share enhances shareholder income.
• Strategic positioning in high-growth areas like National Landing increases potential for long-term appreciation.
• Development of Amazon's headquarters and Virginia Tech's Innovation Campus may drive significant economic growth.

Negative

• Potential economic risks associated with large-scale developments could impact cash reserves.
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BETHESDA, Md.--(BUSINESS WIRE)-- JBG SMITH (NYSE: JBGS), a leading owner 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 $0.225 per common share. The dividend will be paid on November 22, 2022 to common shareholders of record as of November 8, 2022.

About JBG SMITH

JBG SMITH owns, operates, invests in and develops a dynamic portfolio of mixed-use properties in the high growth and high barrier-to-entry submarkets in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Over half of JBG SMITH’s holdings are in the National Landing submarket in Northern Virginia, where it serves as the developer for Amazon’s new headquarters, and where Virginia Tech’s $1 billion Innovation Campus is under construction. JBG SMITH's portfolio currently comprises 15.5 million square feet of high-growth office, multifamily and retail assets at share, 98% of which are metro-served. It also maintains a development pipeline encompassing 9.8 million square feet of mixed-use 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/20221025005753/en/

Barbat Rodgers

JBG SMITH

Senior Vice President, Investor Relations

(240) 333-3805

brodgers@jbgsmith.com

Source: JBG SMITH

FAQ

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

JBG SMITH has declared a quarterly dividend of $0.225 per common share.

When will the dividend for JBGS be paid?

The dividend will be paid on November 22, 2022.

What is the record date for JBGS's dividend payment?

The record date for the dividend payment is November 8, 2022.

Where are JBG SMITH's properties primarily located?

JBG SMITH's properties are primarily located in the Washington, DC metropolitan area.

What significant developments is JBG SMITH involved in?

JBG SMITH is developing Amazon's new headquarters and Virginia Tech's $1 billion Innovation Campus.