Redeemable Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2022

Redeemable Noncontrolling Interests

Summary of redeemable noncontrolling interests

	Three Months Ended September 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	$	513,426	$	7,966	$	521,392	$	536,171	$	8,468	$	544,639
OP Unit redemptions		(4,891)		—		(4,891)		(5,670)		—		(5,670)
Net income (loss)		(2,557)		11		(2,546)		116		(13)		103
Other comprehensive income		4,376		—		4,376		413		—		413
Distributions		(4,083)		(119)		(4,202)		(3,993)		—		(3,993)
Share-based compensation expense		6,211		—		6,211		10,695		—		10,695
Adjustment to redemption value		(30,681)		1,820		(28,861)		(20,748)		1,474		(19,274)
Balance, end of period	$	481,801	$	9,678	$	491,479	$	516,984	$	9,929	$	526,913
	Nine Months Ended September 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		(12,667)		—		(12,667)		(27,350)		—		(27,350)
LTIP Units issued in lieu of cash bonuses (1)		6,584		—		6,584		5,614		—		5,614
Net income (loss)		15,680		32		15,712		(2,400)		(72)		(2,472)
Other comprehensive income		8,653		—		8,653		1,621		—		1,621
Distributions		(8,193)		(267)		(8,460)		(9,282)		—		(9,282)
Share-based compensation expense		31,107		—		31,107		36,066		—		36,066
Adjustment to redemption value		(72,631)		456		(72,175)		(10,167)		2,135		(8,032)
Balance, end of period	$	481,801	$	9,678	$	491,479	$	516,984	$	9,929	$	526,913

(1) See Note 11 for additional information.