Redeemable Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2020

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interests

	Three Months Ended September 30,
	2020						2019
			Consolidated						Consolidated
	JBG		Real Estate				JBG		Real Estate
	SMITH LP		Venture		Total		SMITH LP		Venture		Total
	(In thousands)
Balance as of the beginning of the period	$	493,067	$	6,016	$	499,083	$	568,242	$	5,986	$	574,228
OP Unit redemptions		(4,796)		—		(4,796)		—		—		—
Net income (loss) attributable to redeemable noncontrolling interests		(2,176)		(36)		(2,212)		1,172		—		1,172
Other comprehensive income (loss)		309		—		309		(803)		—		(803)
Distributions		(3,723)		—		(3,723)		(3,831)		—		(3,831)
Share-based compensation expense		14,496		—		14,496		14,320		—		14,320
Adjustment to redemption value		(14,012)		1,776		(12,236)		1,446		—		1,446
Balance as of the end of the period	$	483,165	$	7,756	$	490,921	$	580,546	$	5,986	$	586,532
	Nine Months Ended September 30,
	2020						2019
			Consolidated						Consolidated
	JBG		Real Estate				JBG		Real Estate
	SMITH LP		Venture		Total		SMITH LP		Venture		Total
	(In thousands)
Balance as of the beginning of the period	$	606,699	$	6,059	$	612,758	$	552,159	$	5,981	$	558,140
OP Unit redemptions		(40,674)		—		(40,674)		(57,318)		—		(57,318)
LTIP Units issued in lieu of cash bonuses (1)		4,066		—		4,066		3,954		—		3,954
Net income (loss) attributable to redeemable noncontrolling interests		(366)		(79)		(445)		4,266		5		4,271
Other comprehensive income (loss)		(3,446)		—		(3,446)		(3,689)		—		(3,689)
Distributions		(7,505)		—		(7,505)		(7,670)		—		(7,670)
Share-based compensation expense		51,742		—		51,742		45,937		—		45,937
Adjustment to redemption value		(127,351)		1,776		(125,575)		42,907		—		42,907
Balance as of the end of the period	$	483,165	$	7,756	$	490,921	$	580,546	$	5,986	$	586,532

(1) See Note 11 for additional information.