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
(END) Dow Jones Newswires
January 16, 2025 16:15 ET (21:15 GMT)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.