Redeemable Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2023

Redeemable Noncontrolling Interests

Summary of redeemable noncontrolling interests

	Three Months Ended September 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	$	455,886	$	—	$	455,886	$	513,426	$	7,966	$	521,392
Redemptions		(7,602)		—		(7,602)		(4,891)		—		(4,891)
Net income (loss)		(7,926)		—		(7,926)		(2,557)		11		(2,546)
Other comprehensive income		1,346		—		1,346		4,376		—		4,376
Distributions		(3,727)		—		(3,727)		(4,083)		(119)		(4,202)
Share-based compensation expense		6,003		—		6,003		6,211		—		6,211
Adjustment to redemption value		381		—		381		(30,681)		1,820		(28,861)
Balance, end of period	$	444,361	$	—	$	444,361	$	481,801	$	9,678	$	491,479
	Nine Months Ended September 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		(33,110)		(647)		(33,757)		(12,667)		—		(12,667)
LTIP Units issued in lieu of cash compensation (1)		5,213		—		5,213		6,584		—		6,584
Net income (loss)		(5,961)		—		(5,961)		15,680		32		15,712
Other comprehensive income		902		—		902		8,653		—		8,653
Distributions		(7,654)		—		(7,654)		(8,193)		(267)		(8,460)
Share-based compensation expense		25,152		—		25,152		31,107		—		31,107
Adjustment to redemption value		(20,844)		—		(20,844)		(72,631)		456		(72,175)
Balance, end of period	$	444,361	$	—	$	444,361	$	481,801	$	9,678	$	491,479

(1) See Note 11 for additional information.