JBG SMITH Declares a Quarterly Common Dividend of $0.225 Per Share
May 04 2023 - 4:15PM
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
June 30, 2023 to common shareholders of record as of June 23,
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 15.3 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 9.7 million square feet of
mixed-use development opportunities. JBG SMITH’s capital allocation
strategy is to shift the majority of its portfolio to multifamily
and concentrate its office assets in National Landing. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230504005762/en/
Barbat Rodgers JBG SMITH Senior Vice President, Investor
Relations (240) 333-3805 brodgers@jbgsmith.com
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