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Redeemable Noncontrolling Interests (Tables) | 6 Months Ended
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Jun. 30, 2024
Redeemable Noncontrolling Interests |
Summary of redeemable noncontrolling interests | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30,
​ | ​ | 2024 | ​ | 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated | ​ | ​ | ​
​ | ​ | JBG | ​ | JBG | ​ | Real Estate | ​ | ​ | ​
​ |  | SMITH LP |  | SMITH LP |  | Venture |  | Total
​ |  | (In thousands)
Balance, beginning of period | ​ | $ | 435,529 | ​ | $ | 457,778 | ​ | $ | — | ​ | $ | 457,778
Redemptions | ​ |  | (2,341) | ​ |  | (11,726) | ​ |  | — | ​ |  | (11,726)
LTIP Units issued in lieu of cash compensation (1) | ​ |  | 854 | ​ |  | 757 | ​ |  | — | ​ |  | 757
Net loss | ​ |  | (3,454) | ​ |  | (1,398) | ​ |  | — | ​ |  | (1,398)
Other comprehensive income (loss) | ​ |  | (434) | ​ |  | 1,781 | ​ |  | — | ​ |  | 1,781
Distributions | ​ |  | (2,910) | ​ |  | (3,927) | ​ |  | — | ​ |  | (3,927)
Share-based compensation expense | ​ |  | 10,913 | ​ |  | 9,606 | ​ |  | — | ​ |  | 9,606
Adjustment to redemption value | ​ |  | (1,484) | ​ |  | 3,015 | ​ |  | — | ​ |  | 3,015
Balance, end of period | ​ | $ | 436,673 | ​ | $ | 455,886 | ​ | $ | — | ​ | $ | 455,886
​ | ​ | Six Months Ended June 30,
​ | ​ | 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 | ​ |  | (10,216) | ​ |  | (25,508) | ​ |  | (647) | ​ |  | (26,155)
LTIP Units issued in lieu of cash compensation (1) | ​ |  | 3,836 | ​ |  | 5,213 | ​ |  | — | ​ |  | 5,213
Net income (loss) | ​ |  | (7,988) | ​ |  | 1,965 | ​ |  | — | ​ |  | 1,965
Other comprehensive income (loss) | ​ |  | 1,592 | ​ |  | (444) | ​ |  | — | ​ |  | (444)
Distributions | ​ |  | (5,840) | ​ |  | (3,927) | ​ |  | — | ​ |  | (3,927)
Share-based compensation expense | ​ |  | 19,863 | ​ |  | 19,149 | ​ |  | — | ​ |  | 19,149
Adjustment to redemption value | ​ |  | (5,311) | ​ |  | (21,225) | ​ |  | — | ​ |  | (21,225)
Balance, end of period | ​ | $ | 436,673 | ​ | $ | 455,886 | ​ | $ | — | ​ | $ | 455,886
(1) | See Note 11 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%.

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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