XML 63 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1
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%.