JBG SMITH Reports Taxable Composition of 2019 Dividends

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 2019 distributions on its common shares. The income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Common Shares – CUSIP number 46590V100

										Distribution Per Share																2019 Tax Treatment
	Record Date			Payable Date			Ex-Dividend Date			Total				Taxable in 2018				Taxable in 2019				Taxable in 2020				Total Ordinary Dividends				Qualified Dividends				Total Capital Gains Distributions				Unrecap. Section 1250 Gain				Section 199A Dividends
	Form 1099-DIV Box:																									1a				1b1				2a				2b2				51
	12/28/2018			01/08/2019			12/27/2018			$	0.100			$	0.100			$	0.000			$	0.000			$	0.000			$	0.000			$	0.000			$	0.000			$	0.000
	12/28/2018			01/08/2019			12/27/2018			$	0.225			$	0.000			$	0.225			$	0.000			$	0.111			$	0.000			$	0.114			$	0.021			$	0.111
	05/13/2019			05/24/2019			05/10/2019			$	0.225			$	0.000			$	0.225			$	0.000			$	0.111			$	0.000			$	0.114			$	0.021			$	0.111
	08/13/2019			08/26/2019			08/12/2019			$	0.225			$	0.000			$	0.225			$	0.000			$	0.111			$	0.000			$	0.114			$	0.021			$	0.111
	11/14/2019			11/29/2019			11/13/2019			$	0.225			$	0.000			$	0.225			$	0.000			$	0.111			$	0.000			$	0.114			$	0.021			$	0.111
	12/27/2019			01/08/2020			12/26/2019			$	0.225			$	0.000			$	0.000			$	0.225			$	0.000			$	0.000			$	0.000			$	0.000			$	0.000
	Totals:									$	1.225			$	0.100			$	0.900			$	0.225			$	0.444			$	0.000			$	0.456			$	0.084			$	0.444

The common share distribution with a record date of December 28, 2018 comprised a $0.225 quarterly distribution and a $0.100 special distribution. The special distribution of $0.100 was allocable to 2018 for federal income tax purposes and the normal quarterly distribution of $0.225 is allocable to 2019 for federal income tax purposes.

About JBG SMITH

JBG SMITH is an S&P 400 company that owns, operates, invests in, and develops a dynamic portfolio of high-quality mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it now serves as the exclusive developer for Amazon’s new headquarters. JBG SMITH’s operating portfolio currently comprises approximately 19 million square feet of high-quality office, multifamily and retail assets, 98% of which are Metro-served. It also maintains a robust future pipeline encompassing approximately 20 million square feet of mixed-use development opportunities. 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 Unrecaptured Section 1250 Gain is a subset of, and included in, Total Capital Gain Distributions (Box 2a)

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