JBG SMITH Reports Taxable Composition of 2021 Distributions

Rhea-AI Summary

JBG SMITH (NYSE: JBGS) has announced the tax treatment for its 2021 distributions on common shares. The distributions total $1.125 per share, with $0.900 classified as taxable income in 2021 and $0.225 as total capital gain distributions. Key record and payable dates include December 28, 2020, and various dates throughout 2021. JBG SMITH emphasizes the importance of consulting a tax advisor regarding the implications of these distributions on federal, state, and local taxes.

Positive

• Total distributions of $1.125 per share indicate a healthy return for shareholders.
• $0.900 of the distributions are taxable in 2021, providing immediate income to investors.

Negative

• The lack of qualified dividends may lessen the tax benefits for some shareholders.

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).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005317/en/

Barbat Rodgers

JBG SMITH

Senior Vice President, Investor Relations

(240) 333-3805

brodgers@jbgsmith.com

Source: JBG SMITH

FAQ

What is the total distribution per share announced by JBG SMITH (JBGS) for 2021?

JBG SMITH announced a total distribution of $1.125 per share for 2021.

How much of the JBG SMITH (JBGS) distributions are taxable in 2021?

$0.900 of the distributions are taxable in 2021.

When were the record dates for JBG SMITH (JBGS) 2021 distributions?

The record dates for JBG SMITH's 2021 distributions include December 28, 2020, May 13, August 13, November 10, and December 30.

What are the implications of JBG SMITH's (JBGS) total capital gain distributions?

JBG SMITH's total capital gain distributions amount to $0.225 per share, with the last one recorded on December 30, 2021.

What should investors do regarding the tax consequences of JBG SMITH (JBGS) distributions?

JBG SMITH recommends that investors consult a tax advisor concerning the federal, state, and local tax implications.