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

Rhea-AI Summary

JBG SMITH (NYSE: JBGS) has announced a quarterly dividend of $0.225 per common share, set to be paid on August 26, 2022. Shareholders of record by August 12, 2022 will receive this dividend. The company focuses on developing high-quality, mixed-use properties primarily in the Washington, DC market, with significant investments in the National Landing submarket, including Amazon’s new headquarters and Virginia Tech’s $1 billion Innovation Campus. Currently, JBG SMITH holds a portfolio of 17.9 million square feet and a development pipeline of 14.4 million square feet.

Positive

• Quarterly dividend of $0.225 per share indicates strong cash flow.
• Focus on high-growth, high-demand areas supports property value appreciation.
• Development pipeline of 14.4 million square feet presents growth opportunities.

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 August 26, 2022 to common shareholders of record as of August 12, 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 17.9 million square feet of high-growth office, multifamily and retail assets at share, 99% of which are metro-served. It also maintains a development pipeline encompassing 14.4 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/20220729005361/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?

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

When will JBG SMITH's dividend be paid?

The dividend will be paid on August 26, 2022.

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

The record date for the dividend is August 12, 2022.

How much square footage does JBG SMITH currently own?

JBG SMITH currently owns a portfolio of 17.9 million square feet.

What is included in JBG SMITH's development pipeline?

JBG SMITH has a development pipeline of 14.4 million square feet of mixed-use opportunities.