JBG SMITH Properties (NYSE:JBGS) Plans $0.18 Quarterly Dividend

Key Points

• JBG SMITH Properties has declared a quarterly dividend of $0.18 per share, which will be paid on November 20th to shareholders of record as of November 6th, representing an annual yield of 3.2%.
• The company currently has a payout ratio of -36.1%, indicating it relies on its balance sheet rather than earnings to support its dividend payments.
• JBG SMITH Properties reported $126.48 million in revenue for the last quarter, surpassing the consensus estimate, though it faced a negative net margin of 29.54% and a negative return on equity of 9.20%.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Thursday, November 6th will be paid a dividend of 0.175 per share on Thursday, November 20th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, November 6th.

JBG SMITH Properties has a payout ratio of -36.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

JBG SMITH Properties Price Performance

Shares of NYSE:JBGS opened at $21.61 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.54. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $24.30. The company has a market capitalization of $1.33 billion, a P/E ratio of -11.44 and a beta of 1.35. The firm's 50 day simple moving average is $21.72 and its two-hundred day simple moving average is $18.77.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.73. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%. The business had revenue of $126.48 million for the quarter, compared to the consensus estimate of $116.76 million.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.

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