JBG SMITH Reports Taxable Composition of 2021 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 2021 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								2021 Tax Treatment
Record Date	Payable Date	Ex-Dividend Date	Total		Taxable in 2020		Taxable in 2021		Taxable in 2022		Total Ordinary Dividends		Qualified Dividends		Total Capital Gain Distributions		Unrecap. Section 1250 Gain		Section 199A Dividends
Form 1099-DIV Box:											1a		1b1		2a2		2b3		51
12/28/2020	01/11/2021	12/24/2020	$	0.225	$	0.000	$	0.225	$	0.000	$	0.084	$	0.000	$	0.141	$	0.000	$	0.084
05/13/2021	05/27/2021	05/12/2021	$	0.225	$	0.000	$	0.225	$	0.000	$	0.084	$	0.000	$	0.141	$	0.000	$	0.084
08/13/2021	08/27/2021	08/12/2021	$	0.225	$	0.000	$	0.225	$	0.000	$	0.084	$	0.000	$	0.141	$	0.000	$	0.084
11/10/2021	11/24/2021	11/09/2021	$	0.225	$	0.000	$	0.225	$	0.000	$	0.084	$	0.000	$	0.141	$	0.000	$	0.084
12/30/2021	01/14/2022	12/29/2021	$	0.225	$	0.000	$	0.000	$	0.225	$	0.000	$	0.000	$	0.000	$	0.000	$	0.000
Totals:			$	1.125	$	0.000	$	0.900	$	0.225	$	0.336	$	0.000	$	0.564	$	0.000	$	0.336

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
12/28/2020	01/11/2021	$		0.141	$	0.064	$	0.077	$	0.077
05/13/2021	05/27/2021	$		0.141	$	0.064	$	0.077	$	0.077
08/13/2021	08/27/2021	$		0.141	$	0.064	$	0.077	$	0.077
11/10/2021	11/24/2021	$		0.141	$	0.063	$	0.078	$	0.078
12/30/2021	01/14/2022	$		0.000	$	0.000	$	0.000	$	0.000
Totals:		$		0.564	$	0.255	$	0.309	$	0.309

About JBG SMITH

JBG SMITH owns, operates, invests in and develops a dynamic portfolio of mixed-use properties in the 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. Over half of JBG SMITH’s holdings are in the National Landing submarket in Northern Virginia, where it serves as the developer for Amazon’s new headquarters, and where Virginia Tech’s under-construction $1 billion Innovation Campus is located. JBG SMITH's portfolio currently comprises 17.1 million square feet of high-growth office, multifamily and retail assets at share, 98% of which are metro-served. It also maintains a development pipeline encompassing 16.6 million square feet of mixed-use 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.

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).

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Barbat Rodgers

JBG SMITH

Senior Vice President, Investor Relations

(240) 333-3805

brodgers@jbgsmith.com

Source: JBG SMITH