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10-Q Filing

JBG SMITH PROPERTIES CIK: 1689796 Q2 2020
Filing Information
Form Type 10-Q
Accession Number 0001558370-20-009211
Period End Date 20200630
Filing Date 20200805
Fiscal Year 2020
Fiscal Period Q2
XBRL Instance jbgs-20200630x10q_htm.xml
Balance Sheet 86 line items
Line Item Tag Value Unit Period
Preferred shares, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred shares, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred shares, shares authorized PreferredStockSharesAuthorized 200.00M shares Point-in-time
Preferred shares, shares authorized PreferredStockSharesAuthorized 200.00M shares Point-in-time
Land and improvements LandAndLandImprovements $1.29B USD Point-in-time
Preferred shares, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Land and improvements LandAndLandImprovements $1.24B USD Point-in-time
Preferred shares, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Buildings and improvements InvestmentBuildingAndBuildingImprovements $3.88B USD Point-in-time
Buildings and improvements InvestmentBuildingAndBuildingImprovements $4.07B USD Point-in-time
Construction in progress, including land DevelopmentInProcess $654.09M USD Point-in-time
Common shares, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common shares, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Construction in progress, including land DevelopmentInProcess $563.13M USD Point-in-time
Common shares, shares issued CommonStockSharesIssued 134.15M shares Point-in-time
Real estate, at cost RealEstateInvestmentPropertyAtCost $5.78B USD Point-in-time
Common shares, shares issued CommonStockSharesIssued 133.71M shares Point-in-time
Real estate, at cost RealEstateInvestmentPropertyAtCost $5.91B USD Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.12B USD Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.19B USD Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 134.15M shares Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 133.71M shares Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.66B USD Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.72B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $710.68M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $126.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $280.35M USD Point-in-time
Restricted cash RestrictedCash $16.43M USD Point-in-time
Restricted cash RestrictedCash $20.36M USD Point-in-time
Restricted cash RestrictedCash $16.10M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $56.10M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $52.94M USD Point-in-time
Deferred rent receivable, net DeferredRentReceivablesNet $177.95M USD Point-in-time
Deferred rent receivable, net DeferredRentReceivablesNet $169.72M USD Point-in-time
Investments in unconsolidated real estate ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures $464.44M USD Point-in-time
Investments in unconsolidated real estate ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures $543.03M USD Point-in-time
Other assets, net OtherAssets $253.69M USD Point-in-time
Other assets, net OtherAssets $273.03M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $168.41M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $73.88M USD Point-in-time
TOTAL ASSETS Assets $5.99B USD Point-in-time
TOTAL ASSETS Assets $6.50B USD Point-in-time
Mortgages payable, net SecuredDebt $1.31B USD Point-in-time
Mortgages payable, net SecuredDebt $1.13B USD Point-in-time
Revolving credit facility LineOfCredit $200.00M USD Point-in-time
Revolving credit facility LineOfCredit $500.00M USD Point-in-time
Unsecured term loans, net UnsecuredDebt $297.30M USD Point-in-time
Unsecured term loans, net UnsecuredDebt $397.64M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $125.43M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $157.70M USD Point-in-time
Other liabilities, net OtherLiabilities $206.04M USD Point-in-time
Other liabilities, net OtherLiabilities $220.41M USD Point-in-time
Total liabilities Liabilities $2.56B USD Point-in-time
Total liabilities Liabilities $1.99B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $612.76M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $574.23M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $584.76M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $503.04M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $558.14M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $499.08M USD Point-in-time
Preferred shares, $0.01 par value - 200,000 shares authorized, none issued PreferredStockValue - USD Point-in-time
Preferred shares, $0.01 par value - 200,000 shares authorized, none issued PreferredStockValue - USD Point-in-time
Common shares, $0.01 par value - 500,000 shares authorized; 133,708 and 134,148 shares issued and outstanding as of June 30, 2020 and December 31, 2019 CommonStockValue $1.34M USD Point-in-time
Common shares, $0.01 par value - 500,000 shares authorized; 133,708 and 134,148 shares issued and outstanding as of June 30, 2020 and December 31, 2019 CommonStockValue $1.34M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.63B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.74B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-255.16M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-231.16M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-16.74M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-47.89M USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.44B USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.39B USD Point-in-time
Noncontrolling interests in consolidated subsidiaries MinorityInterest $201.00K USD Point-in-time
Noncontrolling interests in consolidated subsidiaries MinorityInterest $191.00K USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.99B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.00B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY LiabilitiesAndStockholdersEquity $5.99B USD Point-in-time
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY LiabilitiesAndStockholdersEquity $6.50B USD Point-in-time
Income Statement 105 line items
Line Item Tag Value Unit Period
Property rental OperatingLeaseLeaseIncome $122.33M USD 1 Quarter
Property rental OperatingLeaseLeaseIncome $235.84M USD 2 Qtrs
Property rental OperatingLeaseLeaseIncome $241.74M USD 2 Qtrs
Property rental OperatingLeaseLeaseIncome $115.46M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $27.17M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $29.49M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $57.18M USD 2 Qtrs
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $56.88M USD 2 Qtrs
Other revenue OtherIncome $10.34M USD 2 Qtrs
Other revenue OtherIncome $8.80M USD 1 Quarter
Other revenue OtherIncome $2.33M USD 1 Quarter
Other revenue OtherIncome $16.90M USD 2 Qtrs
Total revenue Revenues $160.62M USD 1 Quarter
Total revenue Revenues $303.06M USD 2 Qtrs
Total revenue Revenues $144.95M USD 1 Quarter
Total revenue Revenues $315.82M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $52.62M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $94.71M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $45.99M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $101.11M USD 2 Qtrs
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $33.79M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $32.11M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $68.30M USD 2 Qtrs
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $64.29M USD 2 Qtrs
Real estate taxes RealEstateTaxExpense $36.07M USD 2 Qtrs
Real estate taxes RealEstateTaxExpense $17.87M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $18.27M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $35.50M USD 2 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $11.56M USD 1 Quarter
Corporate and other OtherGeneralAndAdministrativeExpense $13.22M USD 1 Quarter
Corporate and other OtherGeneralAndAdministrativeExpense $26.39M USD 2 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $23.87M USD 2 Qtrs
Third-party real estate services ThirdPartyRealEstateServices $56.78M USD 2 Qtrs
Third-party real estate services ThirdPartyRealEstateServices $58.05M USD 2 Qtrs
Third-party real estate services ThirdPartyRealEstateServices $28.71M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $29.24M USD 1 Quarter
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $9.52M USD 1 Quarter
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $8.86M USD 1 Quarter
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $20.65M USD 2 Qtrs
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $18.30M USD 2 Qtrs
Transaction and other costs Transactionandothercosts $2.97M USD 1 Quarter
Transaction and other costs Transactionandothercosts $1.37M USD 1 Quarter
Transaction and other costs Transactionandothercosts $6.68M USD 2 Qtrs
Transaction and other costs Transactionandothercosts $7.87M USD 2 Qtrs
Total expenses CostsAndExpenses $303.67M USD 2 Qtrs
Total expenses CostsAndExpenses $156.96M USD 1 Quarter
Total expenses CostsAndExpenses $314.89M USD 2 Qtrs
Total expenses CostsAndExpenses $149.14M USD 1 Quarter
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-1.81M USD 1 Quarter
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-16.18M USD 2 Qtrs
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $1.79M USD 2 Qtrs
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-13.48M USD 1 Quarter
Interest and other income, net InvestmentIncomeNet $1.02M USD 2 Qtrs
Interest and other income, net InvestmentIncomeNet $2.05M USD 1 Quarter
Interest and other income, net InvestmentIncomeNet $3.00M USD 2 Qtrs
Interest and other income, net InvestmentIncomeNet $114.00K USD 1 Quarter
Interest expense InterestExpense $30.28M USD 2 Qtrs
Interest expense InterestExpense $15.77M USD 1 Quarter
Interest expense InterestExpense $27.77M USD 2 Qtrs
Interest expense InterestExpense $13.11M USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 2 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $39.03M USD 2 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-1.89M USD 2 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-1.89M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-33.00K USD 2 Qtrs
Total other income (expense) NonoperatingIncomeExpense $-29.14M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $16.51M USD 2 Qtrs
Total other income (expense) NonoperatingIncomeExpense $11.66M USD 2 Qtrs
Total other income (expense) NonoperatingIncomeExpense $-14.75M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-41.15M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.68M USD 2 Qtrs
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $23.80M USD 2 Qtrs
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-3.28M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $51.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-888.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-1.12M USD 2 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $-3.23M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $-3.33M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-40.26M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $7.91M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $24.92M USD 2 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $3.10M USD 2 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-3.48M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-288.00K USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $1.77M USD 2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-3.04M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $6.14M USD 2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-36.78M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $21.82M USD 2 Qtrs
Earnings Per Share, Basic EarningsPerShareBasic $-0.03 USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $-0.28 USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $0.16 USD 2 Qtrs
Earnings Per Share, Basic EarningsPerShareBasic $0.04 USD 2 Qtrs
Earnings Per Share, Diluted EarningsPerShareDiluted $0.16 USD 2 Qtrs
Earnings Per Share, Diluted EarningsPerShareDiluted $-0.03 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $0.04 USD 2 Qtrs
Earnings Per Share, Diluted EarningsPerShareDiluted $-0.28 USD 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 131.75M shares 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 134.08M shares 2 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 133.61M shares 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 127.19M shares 2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 134.08M shares 2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 127.19M shares 2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 133.61M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 131.75M shares 1 Quarter
Cash Flow Statement 114 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $-3.33M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $710.68M USD Point-in-time
Net income ProfitLoss $-40.26M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $126.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $280.35M USD Point-in-time
Net income ProfitLoss $7.91M USD 2 Qtrs
Net income ProfitLoss $24.92M USD 2 Qtrs
Restricted cash RestrictedCash $16.43M USD Point-in-time
Restricted cash RestrictedCash $20.36M USD Point-in-time
Restricted cash RestrictedCash $16.10M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $399.53M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $296.78M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M USD Point-in-time
Share-based compensation expense ShareBasedCompensation $32.11M USD 2 Qtrs
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $731.03M USD Point-in-time
Share-based compensation expense ShareBasedCompensation $38.17M USD 2 Qtrs
Capitalized interest InterestPaidCapitalized $14.95M USD 2 Qtrs
Capitalized interest InterestPaidCapitalized $3.37M USD 1 Quarter
Depreciation and amortization, including amortization of debt issuance costs DepreciationDepletionAndAmortization $97.05M USD 2 Qtrs
Capitalized interest InterestPaidCapitalized $8.63M USD 2 Qtrs
Depreciation and amortization, including amortization of debt issuance costs DepreciationDepletionAndAmortization $102.90M USD 2 Qtrs
Capitalized interest InterestPaidCapitalized $8.04M USD 1 Quarter
Deferred rent StraightLineRent $11.73M USD 2 Qtrs
Deferred rent StraightLineRent $18.34M USD 2 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-1.81M USD 1 Quarter
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-16.18M USD 2 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $1.79M USD 2 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-13.48M USD 1 Quarter
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $272.00K USD 2 Qtrs
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $260.00K USD 2 Qtrs
Amortization of lease incentives AmortizationOfLeaseIncentives $3.52M USD 2 Qtrs
Amortization of lease incentives AmortizationOfLeaseIncentives $3.79M USD 2 Qtrs
Loss on extinguishment of debt GainLossOnDebtExtinguishmentIncludingPrepaymentPenalty $-33.00K USD 2 Qtrs
Loss on extinguishment of debt GainLossOnDebtExtinguishmentIncludingPrepaymentPenalty $-1.89M USD 2 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 2 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $39.03M USD 2 Qtrs
Net unrealized loss (gain) on ineffective derivative financial instruments UnrealizedGainLossOnDerivatives $-48.00K USD 2 Qtrs
Net unrealized loss (gain) on ineffective derivative financial instruments UnrealizedGainLossOnDerivatives $30.00K USD 2 Qtrs
Net unrealized loss (gain) on ineffective derivative financial instruments UnrealizedGainLossOnDerivatives $-17.00K USD 1 Quarter
Losses on operating lease and other receivables ProvisionForDoubtfulAccounts $497.00K USD 2 Qtrs
Losses on operating lease and other receivables ProvisionForDoubtfulAccounts $10.61M USD 2 Qtrs
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $1.49M USD 2 Qtrs
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $1.88M USD 2 Qtrs
Other non-cash items OtherNoncashIncomeExpense $-104.00K USD 2 Qtrs
Other non-cash items OtherNoncashIncomeExpense $-271.00K USD 2 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $6.23M USD 2 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $10.20M USD 2 Qtrs
Other assets, net IncreaseDecreaseInOtherOperatingAssets $87.00K USD 2 Qtrs
Other assets, net IncreaseDecreaseInOtherOperatingAssets $2.94M USD 2 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-28.51M USD 2 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-1.62M USD 2 Qtrs
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-12.40M USD 2 Qtrs
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-12.17M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $52.78M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $85.52M USD 2 Qtrs
Development costs, construction in progress and real estate additions PaymentsToDevelopRealEstateAssetsConstructionInProgressAndRealEstateAdditions $181.23M USD 2 Qtrs
Development costs, construction in progress and real estate additions PaymentsToDevelopRealEstateAssetsConstructionInProgressAndRealEstateAdditions $181.01M USD 2 Qtrs
Deposits for real estate acquisitions PaymentsForDepositsOnRealEstateAcquisitions $8.53M USD 2 Qtrs
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $117.68M USD 2 Qtrs
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $154.49M USD 2 Qtrs
Distributions of capital from unconsolidated real estate ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $70.82M USD 2 Qtrs
Distributions of capital from unconsolidated real estate ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $7.56M USD 2 Qtrs
Investments in unconsolidated real estate ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures $4.41M USD 2 Qtrs
Investments in unconsolidated real estate ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures $10.73M USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-68.71M USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $33.35M USD 2 Qtrs
Finance lease payments FinanceLeasePrincipalPayments $3.03M USD 2 Qtrs
Finance lease payments FinanceLeasePrincipalPayments $66.00K USD 2 Qtrs
Borrowings under mortgages payable ProceedsFromNotesPayable $195.16M USD 2 Qtrs
Borrowings under revolving credit facility ProceedsFromLinesOfCredit $500.00M USD 2 Qtrs
Borrowings under unsecured term loans ProceedsFromIssuanceOfUnsecuredDebt $100.00M USD 2 Qtrs
Repayments of mortgages payable RepaymentsOfNotesPayable $480.67M USD 2 Qtrs
Repayments of mortgages payable RepaymentsOfNotesPayable $4.44M USD 2 Qtrs
Repayments of revolving credit facility RepaymentsOfLinesOfCredit $200.00M USD 2 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $9.77M USD 2 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $515.00K USD 2 Qtrs
Proceeds from the issuance of common stock, net of issuance costs ProceedsFromIssuanceOfCommonStock $473.53M USD 2 Qtrs
Proceeds from common stock issued pursuant to ESPP ProceedsFromStockPlans $887.00K USD 2 Qtrs
Common shares repurchased PaymentsForRepurchaseOfCommonStock $41.19M USD 2 Qtrs
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $69.47M USD 2 Qtrs
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $60.33M USD 2 Qtrs
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $7.61M USD 2 Qtrs
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $9.73M USD 2 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $23.00K USD 2 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $19.00K USD 2 Qtrs
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $125.00K USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $469.65M USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-86.83M USD 2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-102.75M USD 2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $588.52M USD 2 Qtrs
Cash and cash equivalents and restricted cash as of the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $399.53M USD Point-in-time
Cash and cash equivalents and restricted cash as of the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $296.78M USD Point-in-time
Cash and cash equivalents and restricted cash as of the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M USD Point-in-time
Cash and cash equivalents and restricted cash as of the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $731.03M USD Point-in-time
Cash and cash equivalents and restricted cash as of the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $399.53M USD Point-in-time
Cash and cash equivalents and restricted cash as of the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $296.78M USD Point-in-time
Cash and cash equivalents and restricted cash as of the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M USD Point-in-time
Cash and cash equivalents and restricted cash as of the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $731.03M USD Point-in-time
Cash paid for interest (net of capitalized interest of $8,633 and $14,953 in 2020 and 2019) InterestPaidNet $25.65M USD 2 Qtrs
Cash paid for interest (net of capitalized interest of $8,633 and $14,953 in 2020 and 2019) InterestPaidNet $29.18M USD 2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $70.37M USD 2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $89.05M USD 2 Qtrs
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $26.97M USD 2 Qtrs
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $13.38M USD 2 Qtrs
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $57.32M USD 2 Qtrs
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $35.88M USD 2 Qtrs
Recognition (derecognition) of operating lease right-of-use assets RecognitionDerecognitionOfOperatingLeaseRightOfUseAssets $-13.15M USD 2 Qtrs
Recognition (derecognition) of operating lease right-of-use assets RecognitionDerecognitionOfOperatingLeaseRightOfUseAssets $35.32M USD 2 Qtrs
Recognition (derecognition) of liabilities related to operating lease right-of-use assets RecognitionDerecognitionOfLiabilitiesRelatedToOperatingLeaseRightOfUseAssets $-13.15M USD 2 Qtrs
Recognition (derecognition) of liabilities related to operating lease right-of-use assets RecognitionDerecognitionOfLiabilitiesRelatedToOperatingLeaseRightOfUseAssets $37.92M USD 2 Qtrs
Recognition of finance lease right-of-use assets RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability $42.35M USD 2 Qtrs
Recognition of liabilities related to finance lease right-of-use assets FinanceLeaseLiabilityObtainedInExchangeForRightOfUseAsset $40.68M USD 2 Qtrs
Cash paid for amounts included in the measurement of lease liabilities for operating leases OperatingLeasePayments $3.07M USD 2 Qtrs
Cash paid for amounts included in the measurement of lease liabilities for operating leases OperatingLeasePayments $4.01M USD 2 Qtrs
Stockholders Equity 52 line items
Line Item Tag Value Unit Period
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.23 USD 2 Qtrs
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.23 USD 2 Qtrs
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.99B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.00B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Balance at beginning of period (in shares) CommonStockSharesOutstanding 134.15M shares Point-in-time
Balance at beginning of period (in shares) CommonStockSharesOutstanding 133.71M shares Point-in-time
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $6.14M USD 2 Qtrs
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-36.78M USD 1 Quarter
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-3.04M USD 1 Quarter
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $21.82M USD 2 Qtrs
Common shares issued StockIssuedDuringPeriodValueNewIssues $472.78M USD 1 Quarter
Common shares issued StockIssuedDuringPeriodValueNewIssues $472.78M USD 2 Qtrs
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $4.75M USD 1 Quarter
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $316.00K USD 1 Quarter
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $57.32M USD 2 Qtrs
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $35.88M USD 2 Qtrs
Common shares repurchased StockRepurchasedDuringPeriodValue $41.19M USD 2 Qtrs
Common shares repurchased StockRepurchasedDuringPeriodValue $15.00K USD 1 Quarter
Common shares issued pursuant to Employee Share Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $938.00K USD 2 Qtrs
Common shares issued pursuant to Employee Share Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.00M USD 1 Quarter
Common shares issued pursuant to Employee Share Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.13M USD 2 Qtrs
Common shares issued pursuant to Employee Share Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $834.00K USD 1 Quarter
Dividends declared on common shares Dividends $30.18M USD 1 Quarter
Dividends declared on common shares Dividends $30.14M USD 2 Qtrs
Dividends declared on common shares Dividends $30.14M USD 1 Quarter
Dividends declared on common shares Dividends $30.18M USD 2 Qtrs
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $-12.00K USD 1 Quarter
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $142.00K USD 2 Qtrs
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $-19.00K USD 1 Quarter
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $-10.00K USD 2 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive loss allocation MinorityInterestChangeInRedemptionValue $22.25M USD 1 Quarter
Redeemable noncontrolling interests redemption value adjustment and other comprehensive loss allocation MinorityInterestChangeInRedemptionValue $117.09M USD 2 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive loss allocation MinorityInterestChangeInRedemptionValue $-38.58M USD 2 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive loss allocation MinorityInterestChangeInRedemptionValue $12.86M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-2.13M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-28.74M USD 2 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-34.90M USD 2 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-17.21M USD 1 Quarter
Balance at end of period (in shares) CommonStockSharesOutstanding 134.15M shares Point-in-time
Balance at end of period (in shares) CommonStockSharesOutstanding 133.71M shares Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.99B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.00B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Comprehensive Income 32 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $-3.33M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-40.26M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $7.91M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $24.92M USD 2 Qtrs
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-5.28M USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-16.26M USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-39.21M USD 2 Qtrs
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-26.95M USD 2 Qtrs
Reclassification of net (income) loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-4.31M USD 2 Qtrs
Reclassification of net (income) loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $951.00K USD 1 Quarter
Reclassification of net (income) loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $1.79M USD 2 Qtrs
Reclassification of net (income) loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-3.16M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-2.13M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-28.74M USD 2 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-34.90M USD 2 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-17.21M USD 1 Quarter
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-3.82M USD 2 Qtrs
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-20.54M USD 1 Quarter
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-42.39M USD 1 Quarter
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-26.98M USD 2 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-3.48M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-288.00K USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $3.10M USD 2 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $1.77M USD 2 Qtrs
Other comprehensive loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-182.00K USD 1 Quarter
Other comprehensive loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-3.75M USD 2 Qtrs
Other comprehensive loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-2.89M USD 2 Qtrs
Other comprehensive loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-1.50M USD 1 Quarter
COMPREHENSIVE LOSS ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-18.74M USD 1 Quarter
COMPREHENSIVE LOSS ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-38.73M USD 1 Quarter
COMPREHENSIVE LOSS ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-4.04M USD 2 Qtrs
COMPREHENSIVE LOSS ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-25.00M USD 2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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