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, payable on May 27, 2021, to shareholders on record as of May 13, 2021. This announcement highlights the company’s ongoing commitment to returning value to its investors. JBG SMITH, an S&P 400 company, manages a portfolio of 16.7 million square feet of mixed-use properties concentrated in the Washington, DC area, with a significant development pipeline of 17.6 million square feet. The firm aims to create vibrant, amenity-rich neighborhoods around National Landing, home to Amazon's new headquarters.

Positive

• Quarterly dividend of $0.225 per share set to be paid, illustrating commitment to shareholder returns.
• Strong portfolio of 16.7 million square feet of high-growth mixed-use properties.
• Development pipeline includes 17.6 million square feet of mixed-use opportunities, indicating future growth potential.

Negative

• None.

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, 2021 to common shareholders of record as of May 13, 2021.

About JBG SMITH

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters. JBG SMITH's portfolio currently comprises 16.7 million square feet of high-growth office, multifamily and retail assets at share, 98% at share of which are Metro-served. It also maintains a development pipeline encompassing 17.6 million square feet of mixed-use development opportunities. For more information on JBG SMITH please visit www.jbgsmith.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210429005895/en/

FAQ

What is the dividend amount declared by JBG SMITH in 2021?

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

When will JBG SMITH pay the declared dividend?

The dividend will be paid on May 27, 2021.

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

The record date for the dividend payment is May 13, 2021.

How large is JBG SMITH's current property portfolio?

JBG SMITH currently manages a portfolio of 16.7 million square feet of mixed-use properties.

What is the size of JBG SMITH's development pipeline?

JBG SMITH has a development pipeline of 17.6 million square feet of mixed-use opportunities.