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 2022 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								2022 Tax Treatment

Record Date	Payable Date	Total		Taxable in 2021		Taxable in 2022		Taxable in 2023		Total Ordinary Dividends		Qualified Dividends		Total Capital Gain Distributions		Unrecap. Section 1250 Gain		Section 897 Ordinary Gain			Section 897 Capital Gain			Section 199A Dividends
Form 1099-DIV Box:										1a		1b¹		2a²		2b³		2e			2f			5¹
12/30/2021	01/14/2022	$	0.225	$	0.000	$	0.225	$	0.000	$	0.000	$	0.000	$	0.225	$	0.143	$	0.000		$	0.225		$	0.000
05/13/2022	05/27/2022	$	0.225	$	0.000	$	0.225	$	0.000	$	0.000	$	0.000	$	0.225	$	0.143	$	0.000		$	0.225		$	0.000
08/12/2022	08/26/2022	$	0.225	$	0.000	$	0.225	$	0.000	$	0.000	$	0.000	$	0.225	$	0.143	$	0.000		$	0.225		$	0.000
11/08/2022	11/22/2022	$	0.225	$	0.000	$	0.225	$	0.000	$	0.000	$	0.000	$	0.225	$	0.143	$	0.000		$	0.225		$	0.000
12/29/2022	01/12/2023	$	0.225	$	0.000	$	0.100	$	0.125	$	0.000	$	0.000	$	0.100	$	0.066	$	0.000		$	0.100		$	0.000

Totals:		$	1.125	$	0.000	$	1.000	$	0.125	$	0.000	$	0.000	$	1.000	$	0.638	$		0.000	$		1.000	$	0.000

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
12/30/2021	01/14/2022	$		0.225	$	0.145	$	0.080	$	0.080
05/13/2022	05/27/2022	$		0.225	$	0.145	$	0.080	$	0.080
08/12/2022	08/26/2022	$		0.225	$	0.145	$	0.080	$	0.080
11/08/2022	11/22/2022	$		0.225	$	0.145	$	0.080	$	0.080
12/29/2022	01/12/2023	$		0.100	$	0.065	$	0.035	$	0.035

Totals:		$	1.000		$	0.645	$	0.355	$	0.355

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 $1 billion Innovation Campus is under construction. JBG SMITH's portfolio currently comprises 15.6 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 9.8 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).

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