Redeemable Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2024

Redeemable Noncontrolling Interests

Summary of redeemable noncontrolling interests

	Year Ended December 31,
	2024		2023
					Consolidated
	JBG		JBG		Real Estate
	SMITH LP		SMITH LP		Venture (2)		Total
	(In thousands)
Balance, beginning of period	$	440,737	$	480,663	$	647	$	481,310
Redemptions		(17,071)		(44,620)		(647)		(45,267)
LTIP Units issued in lieu of cash compensation (1)		3,835		5,213		—		5,213
Net loss		(22,202)		(10,596)		—		(10,596)
Other comprehensive loss		(817)		(4,486)		—		(4,486)
Distributions		(14,386)		(11,351)		—		(11,351)
Share-based compensation expense		26,976		29,018		—		29,018
Adjustment to redemption value		6,560		(3,104)		—		(3,104)
Balance, end of period	$	423,632	$	440,737	$	—	$	440,737

(1) See Note 15 for additional information.

(2) As of December 31, 2022, we held a 99.7% ownership interest in a real estate venture that owned The Wren, a multifamily asset. In February 2023, the partner redeemed its 0.3% interest, increasing our ownership interest to 100.0%.