JBG SMITH Reports Taxable Composition of 2023 Distributions

BETHESDA, 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 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.

Common Shares – CUSIP number 46590V100

		Distribution Per Share						2023 Tax Treatment
Record Date	Payable Date	Total		Taxable in 2022		Taxable in 2023		Total Ordinary Dividends		Qualified Dividends		Total Capital Gain Distributions		Unrecap. Section 1250 Gain		Section 897 Ordinary Gain		Section 897 Capital Gain		Section 199A Dividends
Form 1099-Div Box:								1a		1b^1		2a^2		2b^3		2e		2f		5
12/29/2022	01/12/2023	$	0.225	$	0.100	$	0.125	$	0.025	$	0.000	$	0.100	$	0.034	$	0.000	$	0.100	$	0.025
06/23/2023	06/30/2023	$	0.225	$	0.000	$	0.225	$	0.045	$	0.000	$	0.180	$	0.062	$	0.000	$	0.180	$	0.045
08/17/2023	08/31/2023	$	0.225	$	0.000	$	0.225	$	0.045	$	0.000	$	0.180	$	0.062	$	0.000	$	0.180	$	0.045
11/17/2023	12/01/2023	$	0.225	$	0.000	$	0.225	$	0.045	$	0.000	$	0.180	$	0.062	$	0.000	$	0.180	$	0.045
Totals:		$	0.900	$	0.100	$	0.800	$	0.160	$	0.000	$	0.640	$	0.220	$	0.000	$	0.640	$	0.160

As summarized in the supplemental chart below, for purposes of Section 1061 of the Internal Revenue Code, 100% of the distributions reported as Total Capital Gain Distributions in Box 2a are from sales of assets that either generated Section 1231 gains or were held for more than 3 years. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests”.

Record Date	Payable Date	Total Capital Gain Distributions		Section 1231 Gain Distributions		Section 1061 One-Year Capital Gain Distributions		Section 1061 Three-Year Capital Gain Distributions
12/29/2022	01/12/2023	$	0.100	$	0.074	$	0.026	$	0.026
06/23/2023	06/30/2023	$	0.180	$	0.131	$	0.049	$	0.049
08/17/2023	08/31/2023	$	0.180	$	0.131	$	0.049	$	0.049
11/17/2023	12/01/2023	$	0.180	$	0.131	$	0.049	$	0.049
Totals:		$	0.640	$	0.467	$	0.173	$	0.173

¹ These amounts are a subset of, and included in, Total Ordinary Dividends (Box 1a).
² For purposes of Section 1061 of the Internal Revenue Code, JBG SMITH is disclosing additional capital gain categories in the supplemental chart.
³ Unrecaptured Section 1250 Gain is a subset of, and included in, Total Capital Gain Distributions (Box 2a).

About JBG SMITH

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately two-thirds of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's new headquarters; Virginia Tech's under-construction $1 billion Innovation Campus; the submarket’s proximity to the Pentagon; and JBG SMITH’s deployment of next-generation public and private 5G digital infrastructure. JBG SMITH's dynamic portfolio currently comprises 14.7 million square feet of high-growth office, multifamily, and retail assets at share, 99% of which are Metro-served. It also maintains a development pipeline encompassing 9.8 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.