JBG SMITH Reports Taxable Composition of 2025 Distributions
MWN-AI** Summary
JBG SMITH (NYSE: JBGS), a prominent mixed-use property owner and developer in the Washington, DC area, has announced the taxable composition of its distributions for the 2025 fiscal year, guiding shareholders on income tax implications. The firm’s 2025 distribution details, as reported on Form 1099-DIV, indicate a total per-share distribution of $0.875, composed entirely of ordinary dividends and capital gain distributions.
The distributions will be issued quarterly, with a standard payout of $0.175 per share on various record dates throughout 2025, starting from December 30, 2024, to December 30, 2025. A significant portion of these distributions will be classified as ordinary dividends, with $0.700 taxable in 2025 and $0.175 taxable in 2026. Additionally, total capital gain distributions amount to $0.572 for 2025, including a breakdown of Section 1250 and Section 897 capital gains, although these specific amounts will be non-taxable.
For tax reporting purposes under Section 1061 of the Internal Revenue Code, JBG SMITH highlights that all capital gain distributions reported derive from sales of assets with Section 1231 gains or those held for more than three years, relevant for investors with applicable partnership interests.
JBG SMITH operates predominantly within the National Landing submarket, hosting significant developmental influences such as Amazon's headquarters and an innovation campus from Virginia Tech. The company continues to focus on cultivating vibrant communities, while also maintaining a commitment to sustainable and healthy building practices. Shareholders are encouraged to consult tax professionals for personalized tax advice regarding these distributions.
MWN-AI** Analysis
JBG SMITH Properties (NYSE: JBGS) has announced the taxable composition of its 2025 distributions, providing critical insights for investors and analysts alike. As a prominent owner and developer of mixed-use properties in the Washington, DC area, JBG SMITH’s distribution structure reveals an emphasis on consistent dividend payments and capital gains, key factors for income-focused investors.
For 2025, JBG SMITH plans to distribute a total of $0.875 per share, with $0.700 classified as ordinary dividends and $0.175 as capital gain distributions—an indication of the company’s asset performance. Notably, the capital gain portion reflects gains from long-held assets benefiting from favorable tax treatment under Section 1061, which stipulates that over 100% of these distributions stem from assets either generating Section 1231 gains or held for more than three years. This positioning suggests a well-rounded investment strategy balancing immediate income and long-term capital appreciation.
Investors should be particularly aware that ordinary dividends will be fully taxable in 2025, while the capital gains component will not be taxable until 2026, offering a tax-deferral advantage. With a significant portion of the distributions comprising long-term capital gains, savvy investors can capitalize on these benefits while aligning tax strategies accordingly.
Given JBG SMITH's strategic emphasis on high-growth areas near essential amenities and institutions—like the Amazon headquarters in National Landing—its prospects appear strong. The company's ongoing development pipeline of 8.7 million square feet underscores its commitment to sustainable urban development, likely enhancing future performance.
In conclusion, JBG SMITH presents a compelling opportunity for income and growth-oriented investors. Monitoring the company’s operational effectiveness and its responsiveness to market shifts will be crucial in navigating its potential as a valuable addition to investment portfolios in 2025 and beyond. For tailored advice, consulting a tax and investment advisor is highly recommended.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
JBG SMITH (NYSE: JBGS), a leading owner, operator, and developer of mixed-use properties in the Washington, DC market, today announced the tax treatment of the Company's 2025 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 | 2025 Tax Treatment | ||||||||||||||||
Record Date | Payable Date | Total | Taxable in 2025 | Taxable in 2026 | Total | Total Capital | Unrecap. | Section 897 | Non- | ||||||||
Form 1099-Div Box: | 1a | 2a 1 | 2b 2 | 2f 2 | 3 | ||||||||||||
12/30/2024 | 01/14/2025 | $ | 0.175 | $ | 0.175 | $ | 0.000 | $ | 0.000 | $ | 0.143 | $ | 0.143 | $ | 0.143 | $ | 0.032 |
05/08/2025 | 05/22/2025 | $ | 0.175 | $ | 0.175 | $ | 0.000 | $ | 0.000 | $ | 0.143 | $ | 0.143 | $ | 0.143 | $ | 0.032 |
08/07/2025 | 08/21/2025 | $ | 0.175 | $ | 0.175 | $ | 0.000 | $ | 0.000 | $ | 0.143 | $ | 0.143 | $ | 0.143 | $ | 0.032 |
11/06/2025 | 11/20/2025 | $ | 0.175 | $ | 0.175 | $ | 0.000 | $ | 0.000 | $ | 0.143 | $ | 0.143 | $ | 0.143 | $ | 0.032 |
12/30/2025 | 01/13/2026 | $ | 0.175 | $ | 0.000 | $ | 0.175 | $ | 0.000 | $ | 0.000 | $ | 0.000 | $ | 0.000 | $ | 0.000 |
Totals: | $ | 0.875 | $ | 0.700 | $ | 0.175 | $ | 0.000 | $ | 0.572 | $ | 0.572 | $ | 0.572 | $ | 0.128 |
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 | Payable | Total Capital | Section 1231 | Section 1061 | Section 1061 | ||||
12/30/2024 | 01/14/2025 | $ | 0.143 | $ | 0.071 | $ | 0.072 | $ | 0.072 |
05/08/2025 | 05/22/2025 | $ | 0.143 | $ | 0.071 | $ | 0.072 | $ | 0.072 |
08/07/2025 | 08/21/2025 | $ | 0.143 | $ | 0.071 | $ | 0.072 | $ | 0.072 |
11/06/2025 | 11/20/2025 | $ | 0.143 | $ | 0.071 | $ | 0.072 | $ | 0.072 |
Totals: | $ | 0.572 | $ | 0.284 | $ | 0.288 | $ | 0.288 | |
1 For purposes of Section 1061 of the Internal Revenue Code, JBG SMITH is disclosing additional capital gain categories in the supplemental chart. | |
2 Unrecaptured Section 1250 Gain (Box 2b) and Section 897 Capital Gain (Box 2f) are a subset of, and included in, Total Capital Gain Distributions (Box 2a). |
About JBG SMITH
JBG SMITH owns, operates and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, that we believe have long-term growth potential and appeal to residential, office and retail tenants. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, highly amenitized, 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 headquarters; Virginia Tech's $1 billion Innovation Campus; proximity to the Pentagon; and our placemaking initiatives and public infrastructure improvements. JBG SMITH's dynamic portfolio currently comprises 11.8 million square feet at share of multifamily, office and retail assets, 98% of which are Metro-served. It also maintains a development pipeline encompassing 8.7 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. For more information on JBG SMITH please visit www.jbgsmith.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20260115654819/en/
Kevin Connolly
JBG SMITH
Executive Vice President, Portfolio Management & Investor Relations
(240) 333-3837
kconnolly@jbgsmith.com
FAQ**
How does JBG SMITH Properties JBGS plan to capitalize on the growth potential in the National Landing submarket with its mixed-use portfolio?
What strategies does JBG SMITH Properties JBGS implement to ensure long-term tenant satisfaction in its amenity-rich developments?
Can you provide insights into how JBG SMITH Properties JBGS is managing its development pipeline of 8.7 million square feet amid market fluctuations?
In what ways does JBG SMITH Properties JBGS incorporate sustainability initiatives into its building operations and developments?
**MWN-AI FAQ is based on asking OpenAI questions about JBG SMITH Properties (NYSE: JBGS).
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