Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2021

Redeemable Noncontrolling Interests

Summary of redeemable noncontrolling interests

	Three Months Ended March 31,
	2021						2020
			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	$	522,882	$	7,866	$	530,748	$	606,699	$	6,059	$	612,758
OP Unit redemptions		(3,919)		—		(3,919)		(31,126)		—		(31,126)
LTIP Units issued in lieu of cash bonuses (1)		4,817		—		4,817		3,616		—		3,616
Net income (loss) attributable to redeemable noncontrolling interests		(2,197)		(33)		(2,230)		5,253		(3)		5,250
Other comprehensive income (loss)		973		—		973		(3,573)		—		(3,573)
Contributions (distributions)		(1,362)		—		(1,362)		—		—		—
Share-based compensation expense		12,564		—		12,564		16,781		—		16,781
Adjustment to redemption value		11,293		43		11,336		(100,666)		—		(100,666)
Balance as of the end of the period	$	545,051	$	7,876	$	552,927	$	496,984	$	6,056	$	503,040

(1) See Note 11 for additional information.