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Market Information and Dividends
−Removed: Our common shares trade under the symbol "JBGS." On February 14, 2025, there were 763 holders of record of our common shares.
+Added: Our common shares trade on the NYSE under the symbol "JBGS." On February 13, 2026, there were 701 holders of record of our common shares.
This number does not reflect individuals or other entities who hold their shares in "street name."
+Added: Dividends declared for the year ended December 31, 2025, totaled $0.70 per common share (quarterly dividends of $0.175 per common share).
Dividends declared for the year ended December 31, 2024, totaled $0.875 per common share (five distributions of $0.175 per common share).
Dividends declared for the year ended December 31, 2023, totaled $0.675 per common share (quarterly dividends of $0.225 per common share for the first three quarters of 2023).
−Removed: Dividends declared for the year ended December 31, 2022, totaled $0.90 per common share (quarterly dividends of $0.225 per common share).
Future dividends will be declared at the discretion of our Board of Trustees and will depend upon cash generated by our operating activities, our financial condition, capital requirements, annual distribution requirements under the REIT provisions of the Code and such other factors as our Board of Trustees deems relevant.
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If this election is made, the capital gain dividends are generally taxable to the shareholder as long-term capital gains.
+Added: Effective October 27, 2025, 30.0 million authorized but unissued common shares were reclassified as Class B Shares, and on October 27, 2025, we issued 13.9 million Class B Shares to certain LTIP Unit and OP Unit holders.
+Added: Holders of Class B Shares are entitled to vote on all matters submitted to our shareholders, with common shares and Class B Shares voting as a single class.
+Added: Class B Shares are automatically cancelled and redeemed upon the redemption of each corresponding OP Unit.
+Added: Class B Shares are not listed on any national securities exchange, and do not have any economic rights or rights to any dividends, distributions or proceeds upon our liquidation.
+Added: Similarly, the Class B Shares are excluded from the calculation of earnings (loss) per common share as they do not participate in profits or losses.
+Added: In 2026, through the date of this filing, we issued 3.0 million Class B Shares to certain LTIP Unit holders in connection with the 2026 equity grants.
+Added: On February 13, 2026, there were 200 holders of our Class B Shares.
Performance Graph
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The graph below compares the cumulative total return of our common shares, the S&P MidCap 400 Index and the FTSE Nareit Equity Office Index, from December 31, 2020, through December 31, 2025.
−Removed: The comparison assumes $100 was invested on December 31, 2019 in our common shares and in each of the foregoing indexes and assumes reinvestment of dividends, as applicable.
+Added: The comparison assumes $100 was
+Added: invested on December 31, 2020 in our common shares and in each of the foregoing indexes and assumes reinvestment of dividends, as applicable.
We have included the FTSE Nareit Equity Office Index because we believe that it is representative of the industry in which we compete and is relevant to an assessment of our performance.
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Repurchases of Equity Securities
−Removed: The following is a summary of common shares repurchased:
+Added: The following table summarizes common shares repurchased:
Total Number Of Common Shares Purchased
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Program total since inception in March 2020 (1)
−Removed: (1) During the first quarter of 2025, through February 14, 2025, we repurchased and retired 2.1 million common shares for $32.3 million, a weighted average purchase price per share of $15.15, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
+Added: (1) In 2026, through February 13, 2026, we repurchased and retired 647,843 common shares for $10.6 million, a weighted average purchase price per share of $16.41, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
In June 2022, our Board of Trustees authorized the repurchase of up to $1.0 billion of our outstanding common shares, and in May 2023, increased the authorized repurchase amount to $1.5 billion.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.