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10-Q Filing

JBG SMITH PROPERTIES CIK: 1689796 Q3 2020
Filing Information
Form Type 10-Q
Accession Number 0001558370-20-012419
Period End Date 20200930
Filing Date 20201103
Fiscal Year 2020
Fiscal Period Q3
XBRL Instance jbgs-20200930x10q_htm.xml
Balance Sheet 85 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
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
Land and improvements LandAndLandImprovements $1.31B USD 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 $4.23B 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 $400.93M USD Point-in-time
Construction in progress, including land DevelopmentInProcess $654.09M USD Point-in-time
Common shares, shares issued CommonStockSharesIssued 134.15M shares Point-in-time
Common shares, shares issued CommonStockSharesIssued 132.44M shares Point-in-time
Real estate, at cost RealEstateInvestmentPropertyAtCost $5.78B USD Point-in-time
Real estate, at cost RealEstateInvestmentPropertyAtCost $5.94B USD Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 134.15M shares Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.23B USD Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.12B USD Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 132.44M shares Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.66B USD Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.71B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $230.15M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $455.11M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $126.41M USD Point-in-time
Restricted cash RestrictedCash $13.57M USD Point-in-time
Restricted cash RestrictedCash $16.10M USD Point-in-time
Restricted cash RestrictedCash $37.60M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $47.46M USD Point-in-time
Tenant and other receivables, net AccountsAndNotesReceivableNet $52.94M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $169.72M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $184.39M USD Point-in-time
Investments in unconsolidated real estate ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures $463.03M USD Point-in-time
Investments in unconsolidated real estate ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures $543.03M USD Point-in-time
Other assets, net OtherAssets $302.01M USD Point-in-time
Other assets, net OtherAssets $253.69M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $168.41M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $74.09M USD Point-in-time
TOTAL ASSETS Assets $5.99B USD Point-in-time
TOTAL ASSETS Assets $6.28B USD Point-in-time
Mortgages payable, net SecuredDebt $1.69B USD Point-in-time
Mortgages payable, net SecuredDebt $1.13B USD Point-in-time
Revolving credit facility LineOfCredit $200.00M USD Point-in-time
Unsecured term loans, net UnsecuredDebt $397.81M USD Point-in-time
Unsecured term loans, net UnsecuredDebt $297.30M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $157.70M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $111.44M USD Point-in-time
Other liabilities, net OtherLiabilities $216.49M USD Point-in-time
Other liabilities, net OtherLiabilities $206.04M USD Point-in-time
Total liabilities Liabilities $1.99B USD Point-in-time
Total liabilities Liabilities $2.42B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $586.53M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $574.23M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $612.76M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $499.08M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $558.14M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $490.92M 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; 132,438 and 134,148 shares issued and outstanding as of September 30, 2020 and December 31, 2019 CommonStockValue $1.32M USD Point-in-time
Common shares, $0.01 par value - 500,000 shares authorized; 132,438 and 134,148 shares issued and outstanding as of September 30, 2020 and December 31, 2019 CommonStockValue $1.34M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.72B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.63B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-231.16M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-307.98M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-44.65M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-16.74M USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.39B USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.37B USD Point-in-time
Noncontrolling interests in consolidated subsidiaries MinorityInterest $201.00K USD Point-in-time
Noncontrolling interests in consolidated subsidiaries MinorityInterest $179.00K USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.37B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.99B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.41B 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 $6.28B USD Point-in-time
Income Statement 104 line items
Line Item Tag Value Unit Period
Property rental OperatingLeaseLeaseIncome $354.52M USD 3 Qtrs
Property rental OperatingLeaseLeaseIncome $365.70M USD 3 Qtrs
Property rental OperatingLeaseLeaseIncome $118.68M USD 1 Quarter
Property rental OperatingLeaseLeaseIncome $123.96M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $83.87M USD 3 Qtrs
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $26.99M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $91.77M USD 3 Qtrs
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $34.59M USD 1 Quarter
Other revenue OtherIncome $5.37M USD 1 Quarter
Other revenue OtherIncome $8.53M USD 1 Quarter
Other revenue OtherIncome $25.43M USD 3 Qtrs
Other revenue OtherIncome $15.71M USD 3 Qtrs
Total revenue Revenues $454.09M USD 3 Qtrs
Total revenue Revenues $167.08M USD 1 Quarter
Total revenue Revenues $482.89M USD 3 Qtrs
Total revenue Revenues $151.03M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $157.59M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $141.58M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $46.86M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $56.48M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $105.87M USD 3 Qtrs
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $37.57M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $100.09M USD 3 Qtrs
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $35.80M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $17.35M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $16.74M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $52.24M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $53.42M USD 3 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $37.48M USD 3 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $11.09M USD 1 Quarter
Corporate and other OtherGeneralAndAdministrativeExpense $34.89M USD 3 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $11.02M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $29.81M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $28.21M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $86.26M USD 3 Qtrs
Third-party real estate services ThirdPartyRealEstateServices $86.58M USD 3 Qtrs
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $30.20M USD 3 Qtrs
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $9.55M USD 1 Quarter
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $7.13M USD 1 Quarter
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $25.43M USD 3 Qtrs
Transaction and other costs Transactionandothercosts $845.00K USD 1 Quarter
Transaction and other costs Transactionandothercosts $2.06M USD 1 Quarter
Transaction and other costs Transactionandothercosts $9.93M USD 3 Qtrs
Transaction and other costs Transactionandothercosts $7.53M USD 3 Qtrs
Total expenses CostsAndExpenses $158.68M USD 1 Quarter
Total expenses CostsAndExpenses $455.51M USD 3 Qtrs
Total expenses CostsAndExpenses $473.57M USD 3 Qtrs
Total expenses CostsAndExpenses $151.83M USD 1 Quarter
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $647.00K USD 3 Qtrs
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-965.00K USD 1 Quarter
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-17.14M USD 3 Qtrs
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-1.14M USD 1 Quarter
Interest and other income (loss), net InvestmentIncomeNet $2.36M USD 3 Qtrs
Interest and other income (loss), net InvestmentIncomeNet $1.02M USD 3 Qtrs
Interest and other income (loss), net InvestmentIncomeNet $-640.00K USD 1 Quarter
Interest expense InterestExpense $44.66M USD 3 Qtrs
Interest expense InterestExpense $16.89M USD 1 Quarter
Interest expense InterestExpense $10.58M USD 1 Quarter
Interest expense InterestExpense $40.86M USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $47.12M USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $8.09M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-1.89M USD 3 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-33.00K USD 3 Qtrs
Total other income (expense) NonoperatingIncomeExpense $-1.34M USD 3 Qtrs
Total other income (expense) NonoperatingIncomeExpense $-4.28M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-17.85M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $7.38M USD 3 Qtrs
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-20.81M USD 3 Qtrs
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $10.96M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-25.49M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $34.76M USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $-689.00K USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $-488.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-3.72M USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $432.00K USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-17.09M USD 3 Qtrs
NET INCOME (LOSS) ProfitLoss $-25.00M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $35.45M USD 3 Qtrs
NET INCOME (LOSS) ProfitLoss $10.53M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $1.17M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $4.27M USD 3 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-445.00K USD 3 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-2.21M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $9.36M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $31.18M USD 3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-16.65M USD 3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-22.79M USD 1 Quarter
Earnings, (loss) Per Share, Basic EarningsPerShareBasic $-0.14 USD 3 Qtrs
Earnings, (loss) Per Share, Basic EarningsPerShareBasic $0.23 USD 3 Qtrs
Earnings, (loss) Per Share, Basic EarningsPerShareBasic $-0.18 USD 1 Quarter
Earnings, (loss) Per Share, Basic EarningsPerShareBasic $0.06 USD 1 Quarter
Earnings, (loss) Per Share, Diluted EarningsPerShareDiluted $0.23 USD 3 Qtrs
Earnings, (loss) Per Share, Diluted EarningsPerShareDiluted $-0.18 USD 1 Quarter
Earnings, (loss) Per Share, Diluted EarningsPerShareDiluted $0.06 USD 1 Quarter
Earnings, (loss) Per Share, Diluted EarningsPerShareDiluted $-0.14 USD 3 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 134.13M shares 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 129.53M shares 3 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 133.92M shares 3 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 133.62M shares 1 Quarter
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 133.62M shares 1 Quarter
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 129.53M shares 3 Qtrs
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 133.92M shares 3 Qtrs
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 134.13M shares 1 Quarter
Cash Flow Statement 118 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-17.09M USD 3 Qtrs
Net income (loss) ProfitLoss $-25.00M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $230.15M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $455.11M USD Point-in-time
Net income (loss) ProfitLoss $35.45M USD 3 Qtrs
Net income (loss) ProfitLoss $10.53M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $126.41M USD Point-in-time
Restricted cash RestrictedCash $13.57M USD Point-in-time
Restricted cash RestrictedCash $16.10M USD Point-in-time
Restricted cash RestrictedCash $37.60M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $492.71M USD Point-in-time
Share-based compensation expense ShareBasedCompensation $47.43M USD 3 Qtrs
Share-based compensation expense ShareBasedCompensation $53.18M USD 3 Qtrs
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M 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 $243.72M USD Point-in-time
Capitalized interest InterestPaidCapitalized $8.26M USD 1 Quarter
Capitalized interest InterestPaidCapitalized $11.54M USD 3 Qtrs
Depreciation and amortization, including amortization of debt issuance costs DepreciationDepletionAndAmortization $160.40M USD 3 Qtrs
Capitalized interest InterestPaidCapitalized $2.91M USD 1 Quarter
Capitalized interest InterestPaidCapitalized $23.21M USD 3 Qtrs
Depreciation and amortization, including amortization of debt issuance costs DepreciationDepletionAndAmortization $144.87M USD 3 Qtrs
Deferred rent StraightLineRent $19.12M USD 3 Qtrs
Deferred rent StraightLineRent $29.16M USD 3 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $647.00K USD 3 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-965.00K USD 1 Quarter
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-17.14M USD 3 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-1.14M USD 1 Quarter
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $356.00K USD 3 Qtrs
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $486.00K USD 3 Qtrs
Amortization of lease incentives AmortizationOfLeaseIncentives $5.14M USD 3 Qtrs
Amortization of lease incentives AmortizationOfLeaseIncentives $4.34M USD 3 Qtrs
Loss on extinguishment of debt GainLossOnDebtExtinguishmentIncludingPrepaymentPenalty $-1.89M USD 3 Qtrs
Loss on extinguishment of debt GainLossOnDebtExtinguishmentIncludingPrepaymentPenalty $-33.00K USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $47.12M USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $8.09M USD 1 Quarter
Net unrealized loss on ineffective derivative financial instruments UnrealizedGainLossOnDerivatives $-173.00K USD 3 Qtrs
Net unrealized loss on ineffective derivative financial instruments UnrealizedGainLossOnDerivatives $-202.00K USD 1 Quarter
Net unrealized loss on ineffective derivative financial instruments UnrealizedGainLossOnDerivatives $-50.00K USD 3 Qtrs
Net unrealized loss on ineffective derivative financial instruments UnrealizedGainLossOnDerivatives $-2.00K USD 1 Quarter
Losses on operating lease and other receivables ProvisionForDoubtfulAccounts $14.75M USD 3 Qtrs
Losses on operating lease and other receivables ProvisionForDoubtfulAccounts $1.28M USD 3 Qtrs
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $1.84M USD 3 Qtrs
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $3.70M USD 3 Qtrs
Other non-cash items OtherNoncashIncomeExpense $-265.00K USD 3 Qtrs
Other non-cash items OtherNoncashIncomeExpense $-70.00K USD 3 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $9.08M USD 3 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $4.76M USD 3 Qtrs
Other assets, net IncreaseDecreaseInOtherOperatingAssets $13.86M USD 3 Qtrs
Other assets, net IncreaseDecreaseInOtherOperatingAssets $11.57M USD 3 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.37M USD 3 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-17.17M USD 3 Qtrs
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-7.01M USD 3 Qtrs
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-15.75M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $112.64M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $127.86M USD 3 Qtrs
Development costs, construction in progress and real estate additions PaymentsToDevelopRealEstateAssetsConstructionInProgressAndRealEstateAdditions $294.36M USD 3 Qtrs
Development costs, construction in progress and real estate additions PaymentsToDevelopRealEstateAssetsConstructionInProgressAndRealEstateAdditions $245.46M USD 3 Qtrs
Deposits for real estate and other acquisitions PaymentsForDepositsOnRealEstateAndOtherAcquisitions $25.27M USD 3 Qtrs
Deposits for real estate and other acquisitions PaymentsForDepositsOnRealEstateAndOtherAcquisitions $9.12M USD 3 Qtrs
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $154.49M USD 3 Qtrs
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $157.81M USD 3 Qtrs
Distributions of capital from unconsolidated real estate ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $7.56M USD 3 Qtrs
Distributions of capital from unconsolidated real estate ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $70.82M USD 3 Qtrs
Investments in unconsolidated real estate ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures $12.28M USD 3 Qtrs
Investments in unconsolidated real estate ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures $7.33M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-57.70M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-145.44M USD 3 Qtrs
Finance lease payments FinanceLeasePrincipalPayments $3.28M USD 3 Qtrs
Finance lease payments FinanceLeasePrincipalPayments $103.00K USD 3 Qtrs
Borrowings under mortgages payable ProceedsFromNotesPayable $580.11M USD 3 Qtrs
Borrowings under revolving credit facility ProceedsFromLinesOfCredit $500.00M USD 3 Qtrs
Borrowings under unsecured term loans ProceedsFromIssuanceOfUnsecuredDebt $100.00M USD 3 Qtrs
Repayments of mortgages payable RepaymentsOfNotesPayable $6.68M USD 3 Qtrs
Repayments of mortgages payable RepaymentsOfNotesPayable $482.81M USD 3 Qtrs
Repayments of revolving credit facility RepaymentsOfLinesOfCredit $700.00M USD 3 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $515.00K USD 3 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $14.86M USD 3 Qtrs
Proceeds from the issuance of common stock, net of issuance costs ProceedsFromIssuanceOfCommonStock $472.78M USD 3 Qtrs
Proceeds from common stock issued pursuant to ESPP ProceedsFromStockPlans $887.00K USD 3 Qtrs
Proceeds from common stock issued pursuant to ESPP ProceedsFromStockPlans $747.00K USD 3 Qtrs
Common shares repurchased PaymentsForRepurchaseOfCommonStock $74.43M USD 3 Qtrs
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $90.35M USD 3 Qtrs
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $99.65M USD 3 Qtrs
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $13.56M USD 3 Qtrs
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $11.33M USD 3 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $19.00K USD 3 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $23.00K USD 3 Qtrs
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $125.00K USD 3 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $280.04M USD 3 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-123.01M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $350.20M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-155.81M USD 3 Qtrs
Cash and cash equivalents and restricted cash as of the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $492.71M 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 $399.53M USD Point-in-time
Cash and cash equivalents and restricted cash as of the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $243.72M USD Point-in-time
Cash and cash equivalents and restricted cash as of the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $492.71M 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 $399.53M USD Point-in-time
Cash and cash equivalents and restricted cash as of the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $243.72M USD Point-in-time
Cash paid for interest (net of capitalized interest of $11,545 and $23,211 in 2020 and 2019) InterestPaidNet $40.74M USD 3 Qtrs
Cash paid for interest (net of capitalized interest of $11,545 and $23,211 in 2020 and 2019) InterestPaidNet $38.56M USD 3 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $99.88M USD 3 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $51.09M USD 3 Qtrs
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $49.32M USD 3 Qtrs
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $29.39M USD 3 Qtrs
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $57.32M USD 3 Qtrs
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $40.67M USD 3 Qtrs
Recognition (derecognition) of operating lease right-of-use assets RecognitionDerecognitionOfOperatingLeaseRightOfUseAssets $35.32M USD 3 Qtrs
Recognition (derecognition) of operating lease right-of-use assets RecognitionDerecognitionOfOperatingLeaseRightOfUseAssets $-13.15M USD 3 Qtrs
Recognition (derecognition) of liabilities related to operating lease right-of-use assets RecognitionDerecognitionOfLiabilitiesRelatedToOperatingLeaseRightOfUseAssets $-13.15M USD 3 Qtrs
Recognition (derecognition) of liabilities related to operating lease right-of-use assets RecognitionDerecognitionOfLiabilitiesRelatedToOperatingLeaseRightOfUseAssets $37.92M USD 3 Qtrs
Recognition of finance lease right-of-use assets RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability $42.35M USD 3 Qtrs
Recognition of liabilities related to finance lease right-of-use assets FinanceLeaseLiabilityObtainedInExchangeForRightOfUseAsset $40.68M USD 3 Qtrs
Cash paid for amounts included in the measurement of lease liabilities for operating leases OperatingLeasePayments $4.63M USD 3 Qtrs
Cash paid for amounts included in the measurement of lease liabilities for operating leases OperatingLeasePayments $4.60M USD 3 Qtrs
Stockholders Equity 50 line items
Line Item Tag Value Unit Period
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.45 USD 3 Qtrs
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.45 USD 3 Qtrs
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.37B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.99B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.41B 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 132.44M shares Point-in-time
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $9.36M USD 1 Quarter
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $31.18M USD 3 Qtrs
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-16.65M USD 3 Qtrs
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-22.79M USD 1 Quarter
Common shares issued StockIssuedDuringPeriodValueNewIssues $472.78M USD 3 Qtrs
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $4.80M USD 1 Quarter
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $40.67M USD 3 Qtrs
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $57.32M USD 3 Qtrs
Common shares repurchased StockRepurchasedDuringPeriodValue $38.38M USD 1 Quarter
Common shares repurchased StockRepurchasedDuringPeriodValue $79.57M USD 3 Qtrs
Common shares issued pursuant to Employee Share Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.32M USD 3 Qtrs
Common shares issued pursuant to Employee Share Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.02M USD 3 Qtrs
Common shares issued pursuant to Employee Share Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $186.00K USD 1 Quarter
Common shares issued pursuant to Employee Share Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $80.00K USD 1 Quarter
Dividends declared on common shares Dividends $60.16M USD 3 Qtrs
Dividends declared on common shares Dividends $60.35M USD 3 Qtrs
Dividends declared on common shares Dividends $30.18M USD 1 Quarter
Dividends declared on common shares Dividends $30.02M USD 1 Quarter
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $-16.00K USD 1 Quarter
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $-12.00K USD 1 Quarter
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $-22.00K USD 3 Qtrs
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $126.00K USD 3 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive (loss) income allocation MinorityInterestChangeInRedemptionValue $129.02M USD 3 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive (loss) income allocation MinorityInterestChangeInRedemptionValue $-39.22M USD 3 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive (loss) income allocation MinorityInterestChangeInRedemptionValue $11.93M USD 1 Quarter
Redeemable noncontrolling interests redemption value adjustment and other comprehensive (loss) income allocation MinorityInterestChangeInRedemptionValue $-643.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-7.22M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $3.54M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-31.35M USD 3 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-35.97M USD 3 Qtrs
Balance at end of period (in shares) CommonStockSharesOutstanding 134.15M shares Point-in-time
Balance at end of period (in shares) CommonStockSharesOutstanding 132.44M shares Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.37B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.99B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.41B USD Point-in-time
Comprehensive Income 32 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-17.09M USD 3 Qtrs
Net income (loss) ProfitLoss $-25.00M USD 1 Quarter
Net income (loss) ProfitLoss $35.45M USD 3 Qtrs
Net income (loss) ProfitLoss $10.53M USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-7.01M USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-39.49M USD 3 Qtrs
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-278.00K USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-33.97M USD 3 Qtrs
Reclassification of net (income) loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $2.00M USD 3 Qtrs
Reclassification of net (income) loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-8.14M USD 3 Qtrs
Reclassification of net (income) loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-3.82M USD 1 Quarter
Reclassification of net (income) loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $211.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-7.22M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $3.54M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-31.35M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-35.97M USD 3 Qtrs
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-21.46M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-515.00K USD 3 Qtrs
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-48.45M USD 3 Qtrs
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.31M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-445.00K USD 3 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $1.17M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $4.27M USD 3 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-2.21M USD 1 Quarter
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-3.69M USD 3 Qtrs
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-803.00K USD 1 Quarter
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-3.45M USD 3 Qtrs
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $309.00K USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-1.10M USD 3 Qtrs
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $2.94M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-44.55M USD 3 Qtrs
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-19.56M USD 1 Quarter

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

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