Nareit names JBG SMITH 2021 Diversified Leader in the Light

JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, received Nareit’s 2021 Diversified Leader in the Light award in recognition of its ESG efforts.

Nareit's annual Leader in the Light Awards honor Nareit member companies that have demonstrated superior and sustained sustainability practices. Now in its 16^th year, the 2021 Leader in the Light Awards were presented to REITs in eight property sectors during the REITworld: 2021 Annual Conference. JBG SMITH was honored with the highest achievement across all Diversified companies.

“The JBG SMITH team has worked incredibly hard over the last few years to further our commitment to ESG excellence and to reach the ambitious goals we continue to set for ourselves,” said Matt Kelly, JBG SMITH CEO. “I am extremely proud of what our team has achieved and deeply appreciative of NAREIT’s ‘Leader in the Light’ recognition.”

The 2021 Leader in the Light Awards are based on the results of the Global Real Estate Sustainability Benchmark (GRESB) Annual Survey, as well as scored responses to supplemental questions by an interdisciplinary panel of judges.

In September, JBG SMITH announced carbon neutrality across its operating portfolio. In October, GRESB ranked JBG SMITH second in its sector, achieving five stars, the highest rating available in this assessment. In the development assessment, JBG SMITH ranked first in its sector in the U.S. and has been recognized as a Global Sector Leader in standing investments as well as a Global Sector Leader and Overall Regional Sector Leader in development. JBG SMITH’s commitment to a carbon neutral operating portfolio, the publishing of an annual D&I report, and commitments to reduce embodied carbon 20% by 2030 within our development pipeline also contributed to this award.

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 exclusive developer for Amazon’s new headquarters, and where Virginia Tech’s under-construction $1 billion Innovation Campus is located. JBG SMITH's portfolio currently comprises 17.1 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 16.6 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. For more information on JBG SMITH please visit www.jbgsmith.com.

Forward-Looking Statements

Certain statements contained herein may constitute "forward-looking statements" as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations, and beliefs and are subject to numerous assumptions, risks and uncertainties. Consequently, the future results of JBG SMITH Properties ("JBG SMITH") may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as "approximate", "believes," "expects," "anticipates," "intends," "plans," "proposed," "would," "should," "may," or similar expressions in this press release. We also note the following forward-looking statements: our intention and plans to maintain carbon neutrality and our plans to reduce embodied carbon. Many of the factors that will determine the outcome of these and our other forward-looking statements and plans are beyond our ability to control or predict. These factors include, among others: adverse economic conditions in the Washington, DC metropolitan area, the timing of and costs associated with development and property improvements, financing commitments, and general competitive factors. For further discussion of factors that could materially affect the outcome of our forward-looking statements and other risks and uncertainties, see "Risk Factors" and the Cautionary Statement Concerning Forward-Looking Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2020 and other periodic reports the Company files with the Securities and Exchange Commission. For these statements, we claim the protection of the safe harbor for forward looking statements contained in the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on our forward-looking statements. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. We do not undertake any obligation to release publicly any revisions to our forward-looking statements after the date hereof.

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