JBG SMITH Reports Taxable Composition of 2024 Distributions

BETHESDA, Md.--(BUSINESS WIRE)--January 16, 2025-- 

JBG SMITH $(JBGS)$, 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 2024 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                               2024 Tax Treatment 
                          -------------------------------  ----------------------------------------------------------------- 
 
                                                             Total                 Total Capital                   Section 
               Payable            Taxable    Taxable in     Ordinary   Qualified        Gain       Non-Dividend      199A 
Record Date     Date      Total   in 2024       2025       Dividends   Dividends   Distributions   Distribution   Dividends 
-----------  -----------  ------  --------  -------------  ----------  ----------  --------------  -------------  ---------- 
   Form 1099-Div Box:                                          1a          1b            2a              3            5 
------------------------   -----   -------   ------------  ----------  ----------  --------------  -------------  ---------- 
03/01/2024   03/15/2024   $0.175  $ 0.175   $   0.000      $  0.135    $  0.042    $    0.000      $   0.040      $  0.093 
-----------  -----------   -----   -------   ------------   ---------   ---------   -------------   ------------   --------- 
05/10/2024   05/24/2024   $0.175  $ 0.175   $   0.000      $  0.135    $  0.042    $    0.000      $   0.040      $  0.093 
-----------  -----------   -----   -------   ------------   ---------   ---------   -------------   ------------   --------- 
08/07/2024   08/21/2024   $0.175  $ 0.175   $   0.000      $  0.135    $  0.042    $    0.000      $   0.040      $  0.093 
-----------  -----------   -----   -------   ------------   ---------   ---------   -------------   ------------   --------- 
11/07/2024   11/22/2024   $0.175  $ 0.175   $   0.000      $  0.135    $  0.042    $    0.000      $   0.040      $  0.093 
-----------  -----------   -----   -------   ------------   ---------   ---------   -------------   ------------   --------- 
12/30/2024   01/14/2025   $0.175  $ 0.000   $   0.175      $  0.000    $  0.000    $    0.000      $   0.000      $  0.000 
-----------  -----------   -----   -------   ------------   ---------   ---------   -------------   ------------   --------- 
        Totals:           $0.875  $ 0.700   $   0.175      $  0.540    $  0.168    $    0.000      $   0.160      $  0.372 
------------------------   -----   -------   ------------   ---------   ---------   -------------   ------------   --------- 
 

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, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% 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 our retail and digital placemaking initiatives and public infrastructure improvements. JBG SMITH's dynamic portfolio currently comprises 13.1 million square feet of high-growth multifamily, office and retail assets at share, 98% of which are Metro-served. It also maintains a development pipeline encompassing 9.3 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250116716247/en/

 
    CONTACT:    Kevin Connolly 

JBG SMITH

Executive Vice President, Portfolio Management & Investor Relations

(240) 333-3837

kconnolly@jbgsmith.com

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January 16, 2025 16:15 ET (21:15 GMT)