Redeemable Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2023

Redeemable Noncontrolling Interests

Summary of redeemable noncontrolling interests

	Three Months Ended June 30,
	2023						2022
			Consolidated						Consolidated
	JBG		Real Estate				JBG		Real Estate
	SMITH LP		Venture		Total		SMITH LP		Venture		Total
	(In thousands)
Balance, beginning of period	$	457,778	$	—	$	457,778	$	536,725	$	9,324	$	546,049
Redemptions		(11,726)		—		(11,726)		(1,762)		—		(1,762)
LTIP Units issued in lieu of cash compensation (1)		757		—		757		987		—		987
Net income (loss)		(1,398)		—		(1,398)		18,240		8		18,248
Other comprehensive income		1,781		—		1,781		1,311		—		1,311
Distributions		(3,927)		—		(3,927)		(4,110)		(79)		(4,189)
Share-based compensation expense		9,606		—		9,606		12,369		—		12,369
Adjustment to redemption value		3,015		—		3,015		(50,334)		(1,287)		(51,621)
Balance, end of period	$	455,886	$	—	$	455,886	$	513,426	$	7,966	$	521,392
	Six Months Ended June 30,
	2023						2022
			Consolidated						Consolidated
	JBG		Real Estate				JBG		Real Estate
	SMITH LP		Venture		Total		SMITH LP		Venture		Total
	(In thousands)
Balance, beginning of period	$	480,663	$	647	$	481,310	$	513,268	$	9,457	$	522,725
Redemptions		(25,508)		(647)		(26,155)		(7,776)		—		(7,776)
LTIP Units issued in lieu of cash compensation (1)		5,213		—		5,213		6,584		—		6,584
Net income		1,965		—		1,965		18,237		21		18,258
Other comprehensive income (loss)		(444)		—		(444)		4,277		—		4,277
Distributions		(3,927)		—		(3,927)		(4,110)		(148)		(4,258)
Share-based compensation expense		19,149		—		19,149		24,896		—		24,896
Adjustment to redemption value		(21,225)		—		(21,225)		(41,950)		(1,364)		(43,314)
Balance, end of period	$	455,886	$	—	$	455,886	$	513,426	$	7,966	$	521,392

(1) See Note 11 for additional information.