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Redeemable Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2021

Redeemable Noncontrolling Interests

Summary of redeemable noncontrolling interests


		Three Months Ended September 30,
		2021									2020
					Consolidated									Consolidated
		JBG			Real Estate						JBG			Real Estate
		SMITH LP			Venture			Total			SMITH LP			Venture			Total

		(In thousands)
Balance, beginning of period		$	536,171		$	8,468		$	544,639		$	493,067		$	6,016		$	499,083
OP Unit redemptions			(5,670)			—			(5,670)			(4,796)			—			(4,796)
Net income (loss) attributable to redeemable noncontrolling interests			116			(13)			103			(2,176)			(36)			(2,212)
Other comprehensive income			413			—			413			309			—			309
Distributions			(3,993)			—			(3,993)			(3,723)			—			(3,723)
Share-based compensation expense			10,695			—			10,695			14,496			—			14,496
Adjustment to redemption value			(20,748)			1,474			(19,274)			(14,012)			1,776			(12,236)
Balance, end of period		$	516,984		$	9,929		$	526,913		$	483,165		$	7,756		$	490,921

		Nine Months Ended September 30,
		2021									2020
					Consolidated									Consolidated
		JBG			Real Estate						JBG			Real Estate
		SMITH LP			Venture			Total			SMITH LP			Venture			Total

		(In thousands)
Balance, beginning of period		$	522,882		$	7,866		$	530,748		$	606,699		$	6,059		$	612,758
OP Unit redemptions			(27,350)			—			(27,350)			(40,674)			—			(40,674)
LTIP Units issued in lieu of cash bonuses ⁽¹⁾			5,614			—			5,614			4,066			—			4,066
Net loss attributable to redeemable noncontrolling interests			(2,400)			(72)			(2,472)			(366)			(79)			(445)
Other comprehensive income (loss)			1,621			—			1,621			(3,446)			—			(3,446)
Distributions			(9,282)			—			(9,282)			(7,505)			—			(7,505)
Share-based compensation expense			36,066			—			36,066			51,742			—			51,742
Adjustment to redemption value			(10,167)			2,135			(8,032)			(127,351)			1,776			(125,575)
Balance, end of period		$	516,984		$	9,929		$	526,913		$	483,165		$	7,756		$	490,921

(1)	See Note 11 for additional information.