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

Rhea-AI Summary

JBG SMITH (NYSE: JBGS), a prominent mixed-use property owner in Washington, DC, has declared a quarterly dividend of $0.225 per common share. This dividend is set to be paid on May 27, 2022, to shareholders on record as of May 13, 2022.

JBG SMITH's portfolio includes 17.4 million square feet of office, multifamily, and retail assets, with a development pipeline of 16.6 million square feet. The company focuses on creating vibrant neighborhoods and aims for carbon-neutral operations.

Positive

• Quarterly dividend of $0.225 per common share announced.
• Dividend payment date set for May 27, 2022.
• Strong property portfolio of 17.4 million square feet.
• Development pipeline includes 16.6 million square feet, indicating growth.

Negative

• None.

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 May 27, 2022 to common shareholders of record as of May 13, 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 planned new $1 billion Innovation Campus is located. JBG SMITH's portfolio currently comprises 17.4 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 16.6 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/20220428006197/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 JBG SMITH's dividend be paid?

The dividend will be paid on May 27, 2022.

What is the record date for JBG SMITH's dividend?

The record date for the dividend is May 13, 2022.

How large is JBG SMITH's property portfolio?

JBG SMITH's portfolio comprises 17.4 million square feet of assets.

What is included in JBG SMITH's development pipeline?

The company has a development pipeline that encompasses 16.6 million square feet of mixed-use opportunities.