Redeemable Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2022

Redeemable Noncontrolling Interests

Summary of redeemable noncontrolling interests

	Three Months Ended June 30,
	2022						2021
			Consolidated						Consolidated
	JBG		Real Estate				JBG		Real Estate
	SMITH LP		Venture		Total		SMITH LP		Venture		Total
	(In thousands)
Balance, beginning of period	$	536,725	$	9,324	$	546,049	$	545,051	$	7,876	$	552,927
OP Unit redemptions		(1,762)		—		(1,762)		(17,761)		—		(17,761)
LTIP Units issued in lieu of cash bonuses (1)		987		—		987		797		—		797
Net income (loss)		18,240		8		18,248		(319)		(26)		(345)
Other comprehensive income		1,311		—		1,311		235		—		235
Distributions		(4,110)		(79)		(4,189)		(3,927)		—		(3,927)
Share-based compensation expense		12,369		—		12,369		12,807		—		12,807
Adjustment to redemption value		(50,334)		(1,287)		(51,621)		(712)		618		(94)
Balance, end of period	$	513,426	$	7,966	$	521,392	$	536,171	$	8,468	$	544,639
	Six Months Ended June 30,
	2022						2021
			Consolidated						Consolidated
	JBG		Real Estate				JBG		Real Estate
	SMITH LP		Venture		Total		SMITH LP		Venture		Total
	(In thousands)
Balance, beginning of period	$	513,268	$	9,457	$	522,725	$	522,882	$	7,866	$	530,748
OP Unit redemptions		(7,776)		—		(7,776)		(21,680)		—		(21,680)
LTIP Units issued in lieu of cash bonuses (1)		6,584		—		6,584		5,614		—		5,614
Net income (loss)		18,237		21		18,258		(2,516)		(59)		(2,575)
Other comprehensive income		4,277		—		4,277		1,208		—		1,208
Distributions		(4,110)		(148)		(4,258)		(5,289)		—		(5,289)
Share-based compensation expense		24,896		—		24,896		25,371		—		25,371
Adjustment to redemption value		(41,950)		(1,364)		(43,314)		10,581		661		11,242
Balance, end of period	$	513,426	$	7,966	$	521,392	$	536,171	$	8,468	$	544,639

(1) See Note 11 for additional information.