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

Rhea-AI Summary

JBG SMITH (JBGS) Declares Quarterly Dividend of $0.225 per Common Share

Positive

• The announcement of a quarterly dividend indicates the company's commitment to providing returns to its shareholders.
• The dividend amount of $0.225 per common share reflects the company's financial stability and positive cash flow.
• The declaration of the dividend on August 31, 2023, to shareholders of record as of August 17, 2023, provides clarity on the timeline for the distribution of returns.

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 31, 2023 to common shareholders of record as of August 17, 2023.

About JBG SMITH

JBG SMITH owns, operates, invests in, and develops mixed-use properties in 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. Approximately two-thirds of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's new headquarters; Virginia Tech's under-construction $1 billion Innovation Campus; the submarket’s proximity to the Pentagon; and JBG SMITH’s deployment of next-generation public and private 5G digital infrastructure. JBG SMITH's dynamic portfolio currently comprises 15.0 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, primarily multifamily, 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/20230803318452/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 has declared a quarterly dividend of $0.225 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on August 31, 2023, to common shareholders of record as of August 17, 2023.

What is the stock ticker symbol for JBG SMITH?

The stock ticker symbol for JBG SMITH is JBGS.