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

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171218006098/en/

JBG SMITH
Jaime Marcus, 240-333-3643
SVP, Investor Relations
[email protected]

Source: JBG SMITH

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