EX-99.1 2 jbgs-20260810xex99d1.htm EX-99.1 Management Letter August 10, 2026 Our Fellow Shareholders: The second quarter unfolded against a backdrop of continued macroeconomic uncertainty. The conflict in the Middle East disrupted global energy markets and complicated the inflation outlook, while elevated interest rates, wider risk premiums, and higher return requirements continued to weigh on real estate capital markets. With inflation risks lingering and the labor market slowing, the Federal Reserve has maintained a cautious posture, leaving transaction activity below the levels we anticipated entering 2026. While the metro area continues to work through the effects of last year's spending cuts and workforce reductions, Northern Virginia is benefiting from growing defense, intelligence, and technology spending. Demand for secure and specialized office space continues to strengthen, our National Landing office leasing pipeline is the strongest it has been in several years, and multifamily fundamentals are beginning to modestly improve against a backdrop of historically limited new supply. These trends reinforce our conviction that our portfolio is concentrated in markets a…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
JBG SMITH Properties
JBGSNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On August 10, 2026, JBG SMITH Properties (the “Company”) announced its financial results for the three and six months ended June 30, 2026. The Company also released a Quarterly Investor Package, which contains a letter to shareholders, the earnings press release and supplemental information.…
Company context
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, where through our focus on placemaking, we cultivate vibrant, highly amenitized, walkable neighborhoods. JBG SMITH's portfolio comprises 11.8 million square feet at share of multifamily, office, and retail assets, and a 3.5 million square-foot development pipeline. For more information on JBG SMITH please visit www.jbgsmith.com.