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. This dividend will be paid on January 12, 2023 to shareholders of record as of December 29, 2022. JBG SMITH focuses on developing high-quality mixed-use properties in the Washington, DC area, with over 15.6 million square feet of assets and a development pipeline of 9.8 million square feet. Notably, JBG SMITH is involved in the development of Amazon's new headquarters and Virginia Tech's $1 billion Innovation Campus.

Positive

• Declared a quarterly dividend of $0.225 per share.
• Dividend payment scheduled for January 12, 2023, ensuring shareholder income.
• Portfolio includes 15.6 million square feet of mixed-use properties.
• Strong development pipeline of 9.8 million square feet.
• Involvement in significant projects like Amazon's headquarters.

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 January 12, 2023 to common shareholders of record as of December 29, 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 15.6 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/20221215005014/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 pay its dividend?

The dividend will be paid on January 12, 2023.

What is the record date for the JBG SMITH dividend?

The record date for the dividend is December 29, 2022.

How much square footage does JBG SMITH's portfolio comprise?

JBG SMITH's portfolio comprises 15.6 million square feet.

What major developments is JBG SMITH involved in?

JBG SMITH is involved in the development of Amazon's new headquarters and Virginia Tech's $1 billion Innovation Campus.