JBG SMITH Reports Taxable Composition of 2024 Distributions

Rhea-AI Summary

JBG SMITH (NYSE: JBGS), a prominent owner and developer of mixed-use properties in Washington, DC, has released details about the tax treatment of its 2024 distributions on common shares. The company declared five quarterly distributions of $0.175 per share, totaling $0.875 per share for 2024.

Of the total distributions, $0.700 per share is taxable in 2024, while $0.175 is taxable in 2025. The distributions comprise $0.540 in ordinary dividends, of which $0.168 are qualified dividends. Additionally, $0.160 represents non-dividend distributions, and $0.372 qualifies as Section 199A dividends.

Positive

• Consistent quarterly dividend payments of $0.175 per share throughout 2024
• 31.1% of ordinary dividends qualify as qualified dividends, receiving preferential tax treatment

Negative

• None.

Insights

Tax Analyst

This tax composition report reveals critical insights into JBG SMITH's 2024 dividend structure. The total annual distribution of $0.875 per share maintains consistency across quarters at $0.175. Breaking down the components: 61.7% qualifies as ordinary dividends ($0.540), with 31.1% qualifying under Section 199A ($0.372). The qualified dividend portion of $0.168 represents 19.2% of total distributions.

For investors, the tax efficiency structure shows moderate optimization, with the Section 199A dividends providing potential tax advantages under the Tax Cuts and Jobs Act. The absence of capital gain distributions suggests the REIT is primarily generating income through operations rather than asset sales. The $0.175 distribution payable in January 2025 will be taxable in 2025, which is important for tax planning purposes.

In simpler terms: If you owned 1000 shares, you'd receive $875 in total dividends for 2024, with about $372 qualifying for special tax treatment that could lower your effective tax rate. This tax structure is typical for a well-managed REIT focused on steady income generation from its DC market properties.

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 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
Record Date	Payable Date	Total		Taxable in 2024		Taxable in 2025		Total Ordinary Dividends		Qualified Dividends		Total Capital Gain Distributions		Non-Dividend Distribution		Section 199A 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/

Kevin Connolly

JBG SMITH

Executive Vice President, Portfolio Management & Investor Relations

(240) 333-3837

kconnolly@jbgsmith.com

Source: JBG SMITH

FAQ

What is the total dividend distribution per share for JBG SMITH (JBGS) in 2024?

JBG SMITH's total dividend distribution for 2024 is $0.875 per share, paid in five quarterly installments of $0.175 each.

How much of JBGS's 2024 distributions are taxable in 2024 vs 2025?

$0.700 per share is taxable in 2024, while $0.175 per share is taxable in 2025.

What portion of JBGS's 2024 distributions qualifies as ordinary dividends?

$0.540 per share of the total distribution qualifies as ordinary dividends, with $0.168 of that amount being qualified dividends.

What are the Section 199A dividends for JBGS in 2024?

JBGS's Section 199A dividends amount to $0.372 per share for 2024.

When are the dividend payment dates for JBGS in 2024?

JBGS pays dividends on March 15, May 24, August 21, November 22, 2024, and January 14, 2025.