JBG

JBG SMITH Declares a Quarterly Common Dividend of $0.175 Per Share

Retrieved on: 
Wednesday, February 14, 2024

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 $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend.

Key Points: 
  • 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 $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend.
  • The dividend will be paid on March 15, 2024 to common shareholders of record as of March 1, 2024.
  • Share buybacks are a form of capital return to investors, as are dividends.
  • At our current discount to NAV, we believe buybacks are more accretive to our long-term NAV per share than excess (above taxable income) dividends.

JBG SMITH Announces Date of Fourth Quarter and Year-End 2023 Results

Retrieved on: 
Tuesday, January 23, 2024

JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report fourth quarter and year-end 2023 financial results after the close of trading on February 20, 2024.

Key Points: 
  • JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report fourth quarter and year-end 2023 financial results after the close of trading on February 20, 2024.
  • The Company’s quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com .

Capital Square Appoints Jon Trott and Dave Platter to Serve as Co-Chief Investment Officers

Retrieved on: 
Monday, January 22, 2024

"Since our founding in 2012, Capital Square has grown significantly in both size and sophistication," said Whitson Huffman, co-chief executive officer of Capital Square.

Key Points: 
  • "Since our founding in 2012, Capital Square has grown significantly in both size and sophistication," said Whitson Huffman, co-chief executive officer of Capital Square.
  • As co-chief investment officers, Jon and Dave will help Capital Square continue to diversify our investment opportunities and equity partners."
  • In their new roles as co-chief investment officers, Trott and Platter will oversee Capital Square's investment strategy, allocations, new business development and the structuring of new partnerships and joint ventures that utilize both retail and institutional capital.
  • Prior to Capital Square, Trott and Platter led the private equity team of The Amherst Group's build-for-rent division, where they were responsible for capital raising, acquisition sourcing and overall management of the division.

JBG SMITH Reports Taxable Composition of 2023 Distributions

Retrieved on: 
Tuesday, January 16, 2024

JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the tax treatment of the Company's 2023 distributions on its common shares.

Key Points: 
  • JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the tax treatment of the Company's 2023 distributions on its common shares.
  • The income allocations as they will be reported on Form 1099-DIV are set forth in the following table.
  • JBG SMITH recommends consultation with a tax advisor regarding the federal, state, and local income tax consequences of these distributions.

JBG SMITH to Partner With Monumental Sports & Entertainment, Commonwealth of Virginia, and City of Alexandria on New Arena, Headquarters, and Entertainment District in Potomac Yard Section of National Landing

Retrieved on: 
Wednesday, December 13, 2023

The site is owned by JBG SMITH and its joint venture partner and will be sold to a proposed Virginia Sports and Entertainment Authority.

Key Points: 
  • The site is owned by JBG SMITH and its joint venture partner and will be sold to a proposed Virginia Sports and Entertainment Authority.
  • The planned project also calls for significant joint infrastructure investment by the Commonwealth, the City, Monumental, and JBG SMITH.
  • In 2018, Amazon selected JBG SMITH and National Landing for its second headquarters after conducting an extensive North American search.
  • Project assets, including a site map and illustrative renderings, can be found HERE , courtesy of JBG SMITH.

COPT Defense Appoints Britt A. Snider as Chief Operating Officer

Retrieved on: 
Monday, November 13, 2023

COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the appointment of Britt A. Snider as Executive Vice President and Chief Operating Officer, effective December 1, 2023.

Key Points: 
  • COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the appointment of Britt A. Snider as Executive Vice President and Chief Operating Officer, effective December 1, 2023.
  • Mr. Snider is an established commercial real estate executive with nearly 20 years of experience in development, asset management, property management and leasing, corporate operations, and corporate strategy.
  • Previous to JBG, Mr. Snider worked in the Real Estate Investment Banking Group at Friedman Billings Ramsey.
  • Mr. Snider received his B.A., Cum Laude, from Amherst College and his M.B.A. from the University of North Carolina’s Kenan-Flagler Business School.

Monumental Sports to Partner with Virginia and Regional Leaders on a Proposed Business Expansion to Alexandria

Retrieved on: 
Wednesday, December 13, 2023

WASHINGTON, Dec. 13, 2023 /PRNewswire/ -- Today, Monumental Sports & Entertainment's Founder, Chairman, Principal Partner, and CEO, Ted Leonsis, announced the company has reached a framework of an agreement for a public-private partnership to create a world-class Entertainment District in Alexandria at Potomac Yard, pending legislative approval and completion of definitive documents. This would relocate the NHL's Washington Capitals and the NBA's Washington Wizards' home arena to Virginia beginning in 2028, should the proposal become finalized. 

Key Points: 
  • This would relocate the NHL's Washington Capitals and the NBA's Washington Wizards' home arena to Virginia beginning in 2028, should the proposal become finalized.
  • This world-class Entertainment District is expected to serve as a catalyst to create exceptional experiences, uniting and fostering economic growth throughout the D.C., Maryland, and Virginia region.
  • Monumental envisions Capital One Arena as maintaining its position as a vital and vibrant point of connection in downtown D.C.
  • We believe this expansion would enable us to uphold our commitment to building an exceptional experience for our fans, employees, and partners."

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

Retrieved on: 
Tuesday, October 31, 2023

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.

Key Points: 
  • 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 December 1, 2023 to common shareholders of record as of November 17, 2023.

JBG SMITH Announces Date of Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 17, 2023

JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report third quarter 2023 financial results after the close of trading on November 7, 2023.

Key Points: 
  • JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report third quarter 2023 financial results after the close of trading on November 7, 2023.
  • The Company’s quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com .

Bowman Completes Water Park at National Landing, VA, Celebrates Grand Opening

Retrieved on: 
Monday, October 16, 2023

Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, is proud to announce the successful completion of Water Park at National Landing.

Key Points: 
  • Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, is proud to announce the successful completion of Water Park at National Landing.
  • Located in the heart of Crystal City, Arlington, VA, the Water Park at National Landing stands as a testament to the fusion of natural landscape and modern amenities.
  • As the Water Park begins welcoming visitors, Bowman extends a warm congratulations to JBG SMITH and other project partners for delivering an innovative and environmentally conscious addition to Crystal City.
  • The company has also provided its expertise for nearby projects, including Central District Retail, 1900 Crystal Drive and Surreal (Dining in the Park).