CHEVY CHASE, 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 cash dividend of $0.225 per common share for the quarter ending December 31, 2017, an indicated annual dividend of $0.90 per common share. The dividend will be paid on January 8, 2018 to common shareholders of record as of December 29, 2017.
This year-end dividend, together with the dividend previously distributed for the quarter ended September 30, 2017, will satisfy our REIT distribution requirement for the partial-year after the spin-off from Vornado Realty Trust (NYSE: VNO).
About JBG SMITH
JBG SMITH is an S&P 400 company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, DC. Our mixed-use operating portfolio comprises approximately 20 million square feet of high-quality office, multifamily and retail assets, 98% of which are Metro-served. With a focus on placemaking, we drive synergies across the portfolio and create amenity-rich, walkable neighborhoods. JBG SMITH’s future development pipeline includes over 18 million square feet of potential development density. For additional information on JBG SMITH please visit www.jbgsmith.com.
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