Redeemable Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2020

Redeemable Noncontrolling Interests

Summary of redeemable noncontrolling interests

The following is a summary of the activity of redeemable noncontrolling interests:

	Year Ended December 31,
	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 year	$	606,699	$	6,059	$	612,758	$	552,159	$	5,981	$	558,140
OP Unit redemptions		(47,517)		—		(47,517)		(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		(4,818)		(140)		(4,958)		8,566		7		8,573
Other comprehensive loss		(2,990)		—		(2,990)		(2,584)		—		(2,584)
Contributions (distributions)		(15,629)		—		(15,629)		(15,325)		71		(15,254)
Share-based compensation expense		64,611		—		64,611		63,264		—		63,264
Adjustment to redemption value		(81,540)		1,947		(79,593)		53,983		—		53,983
Balance as of the end of the year	$	522,882	$	7,866	$	530,748	$	606,699	$	6,059	$	612,758

(1) See Note 14 for additional information.