Business Wire·Aug 3, 2026, 4:30 PM ET

JBG SMITH Postpones Release of Second Quarter 2026 Financial Results

JBG SMITH postponed the release of its second quarter 2026 financial results, originally scheduled for August 4, 2026.
The new financial results release is expected on or before August 10, 2026, to allow time to assess the impact of recent litigation.
On July 31, 2026, the Superior Court of the District of Columbia entered judgment against JBG SMITH in the Wardman Tower lawsuit.
The court awarded $118.7 million in compensatory damages, which was trebled to approximately $356 million under the D.C. Consumer Protection Procedures Act.
The verdict also ordered defendants to pay attorneys' fees in an amount to be determined.
JBG SMITH intends to appeal the judgment, citing trial error regarding liability findings for a subsidiary's employees.
The lawsuit alleged construction deficiencies, misrepresentations, & claims related to the Wardman Tower condominium project, which was completed prior to the company's formation.
The original lawsuit sought $185.0 million in damages, which could have reached approximately $555 million if trebled.
JBG SMITH stated that the timing & outcome of the appeal remain uncertain.