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, payable on November 24, 2021, to shareholders of record by November 10, 2021. The company specializes in developing and managing mixed-use properties in the Washington, DC area, focusing on creating vibrant neighborhoods and maintaining carbon-neutral operations. JBG SMITH's portfolio includes 17.2 million square feet of assets, with a significant portion in the high-demand National Landing submarket, highlighting its strategic partnership with Amazon.

Positive

• Quarterly dividend of $0.225 per share indicates cash flow stability.
• Strategic location in high-growth areas, particularly in National Landing.
• Strong development pipeline of 17.0 million square feet supports future 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 November 24, 2021 to common shareholders of record as of November 10, 2021.

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 exclusive developer for Amazon’s new headquarters, and where Virginia Tech’s under-construction $1 billion Innovation Campus is located. JBG SMITH's portfolio currently comprises 17.2 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 17.0 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/20211027005702/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 for JBGS?

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

When will the JBGS dividend be paid?

The dividend will be paid on November 24, 2021.

What is the record date for JBGS dividend?

The record date for the dividend is November 10, 2021.

What is JBG SMITH's focus in property development?

JBG SMITH focuses on developing high-quality mixed-use properties that promote vibrant neighborhoods.

Where is JBG SMITH primarily located?

JBG SMITH primarily operates in the Washington, DC metropolitan area, particularly in the National Landing submarket.