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

Rhea-AI Summary

JBG SMITH (NYSE: JBGS) has declared a $0.225 quarterly dividend per common share, payable January 14, 2022, to shareholders of record by December 30, 2021. The company focuses on developing mixed-use properties in the Washington, DC area, holding a portfolio of 17.1 million square feet of assets and a 16.6 million square feet development pipeline. JBG SMITH aims for carbon-neutral operations annually and emphasizes creating vibrant, walkable neighborhoods, particularly in the National Landing submarket where it is the exclusive developer for Amazon's headquarters.

Positive

• Quarterly dividend of $0.225 per share enhances shareholder income.
• Strong portfolio of 17.1 million square feet in high-demand areas.
• Exclusive developer for Amazon's new headquarters in National Landing.
• Commitment to sustainability with plans for carbon-neutral operations.

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 14, 2022 to common shareholders of record as of December 30, 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 17.1 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/20211210005045/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 announced a quarterly dividend of $0.225 per common share.

When will the JBGS dividend be paid?

The dividend will be paid on January 14, 2022.

What is the record date for the JBGS dividend?

The record date for the dividend is December 30, 2021.

What is the focus of JBG SMITH's portfolio?

JBG SMITH focuses on mixed-use properties in the Washington, DC area.

Where is JBG SMITH developing properties for Amazon?

JBG SMITH is the exclusive developer for Amazon's new headquarters in the National Landing submarket.