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10-Q Filing

JBG SMITH PROPERTIES CIK: 1689796 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001558370-21-005706
Period End Date 20210331
Filing Date 20210504
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance jbgs-20210331x10q_htm.xml
Balance Sheet 81 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 $1.38B USD Point-in-time
Preferred shares, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Land and improvements LandAndLandImprovements $1.39B 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
Buildings and improvements InvestmentBuildingAndBuildingImprovements $4.34B USD Point-in-time
Buildings and improvements InvestmentBuildingAndBuildingImprovements $4.31B USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common shares, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Construction in progress, including land DevelopmentInProcess $285.21M USD Point-in-time
Common shares, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Construction in progress, including land DevelopmentInProcess $268.06M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 131.28M shares Point-in-time
Real estate, at cost RealEstateInvestmentPropertyAtCost $5.98B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 131.78M shares Point-in-time
Real estate, at cost RealEstateInvestmentPropertyAtCost $6.00B USD Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.23B USD Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 131.28M shares Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.25B USD Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 131.78M shares Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.73B USD Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.77B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $225.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $208.71M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $295.44M USD Point-in-time
Restricted cash RestrictedCash $18.58M USD Point-in-time
Restricted cash RestrictedCash $39.84M USD Point-in-time
Restricted cash RestrictedCash $37.74M USD Point-in-time
Tenant and other receivables AccountsAndNotesReceivableNet $45.57M USD Point-in-time
Tenant and other receivables AccountsAndNotesReceivableNet $55.90M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $177.04M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $170.55M USD Point-in-time
Investments in unconsolidated real estate ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures $461.37M USD Point-in-time
Investments in unconsolidated real estate ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures $455.48M USD Point-in-time
Other assets, net OtherAssets $289.45M USD Point-in-time
Other assets, net OtherAssets $286.57M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $73.88M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $73.88M USD Point-in-time
TOTAL ASSETS Assets $6.02B USD Point-in-time
TOTAL ASSETS Assets $6.08B USD Point-in-time
Mortgages payable, net SecuredDebt $1.59B USD Point-in-time
Mortgages payable, net SecuredDebt $1.59B USD Point-in-time
Unsecured term loans, net UnsecuredDebt $398.15M USD Point-in-time
Unsecured term loans, net UnsecuredDebt $397.98M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $95.81M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $103.10M USD Point-in-time
Other liabilities, net OtherLiabilities $247.77M USD Point-in-time
Other liabilities, net OtherLiabilities $203.48M USD Point-in-time
Liabilities related to assets held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation $213.00K USD Point-in-time
Total liabilities Liabilities $2.34B USD Point-in-time
Total liabilities Liabilities $2.29B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $503.04M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $530.75M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $552.93M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $612.76M 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; 131,277 and 131,778 shares issued and outstanding as of March 31, 2021 and December 31, 2020 CommonStockValue $1.31M USD Point-in-time
Common shares, $0.01 par value - 500,000 shares authorized; 131,277 and 131,778 shares issued and outstanding as of March 31, 2021 and December 31, 2020 CommonStockValue $1.32M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.63B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.66B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-412.94M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-433.68M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-39.98M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-30.80M USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.21B USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.17B USD Point-in-time
Noncontrolling interests MinorityInterest $8.73M USD Point-in-time
Noncontrolling interests MinorityInterest $167.00K USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.21B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.18B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY LiabilitiesAndStockholdersEquity $6.02B USD Point-in-time
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY LiabilitiesAndStockholdersEquity $6.08B USD Point-in-time
Income Statement 51 line items
Line Item Tag Value Unit Period
Property rental OperatingLeaseLeaseIncome $122.24M USD 1 Quarter
Property rental OperatingLeaseLeaseIncome $120.38M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $29.72M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $38.11M USD 1 Quarter
Other revenue OtherIncome $4.94M USD 1 Quarter
Other revenue OtherIncome $8.01M USD 1 Quarter
Total revenue Revenues $165.29M USD 1 Quarter
Total revenue Revenues $158.11M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $64.73M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $48.49M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $34.50M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $34.73M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $18.20M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $18.31M USD 1 Quarter
Corporate and other OtherGeneralAndAdministrativeExpense $12.47M USD 1 Quarter
Corporate and other OtherGeneralAndAdministrativeExpense $13.18M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $28.94M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $28.81M USD 1 Quarter
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $9.44M USD 1 Quarter
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $4.95M USD 1 Quarter
Transaction and other costs Transactionandothercosts $3.69M USD 1 Quarter
Transaction and other costs Transactionandothercosts $5.31M USD 1 Quarter
Total expenses CostsAndExpenses $157.93M USD 1 Quarter
Total expenses CostsAndExpenses $167.81M USD 1 Quarter
Loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-943.00K USD 1 Quarter
Loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-2.69M USD 1 Quarter
Interest and other income, net InvestmentIncomeNet $907.00K USD 1 Quarter
Interest and other income, net InvestmentIncomeNet $9.00K USD 1 Quarter
Interest expense InterestExpense $12.01M USD 1 Quarter
Interest expense InterestExpense $16.30M USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-33.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $45.65M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-17.23M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-19.75M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $45.83M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-2.35M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $4.32M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-24.07M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $48.17M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $5.25M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-2.23M USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-1.11M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $42.92M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-20.73M USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - BASIC AND DILUTED EarningsPerShareBasicAndDiluted $-0.16 USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - BASIC AND DILUTED EarningsPerShareBasicAndDiluted $0.32 USD 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 131.54M shares 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 134.54M shares 1 Quarter
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 135.43M shares 1 Quarter
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 131.54M shares 1 Quarter
Cash Flow Statement 92 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-24.07M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $225.60M USD Point-in-time
Net income (loss) ProfitLoss $48.17M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $208.71M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $295.44M USD Point-in-time
Restricted cash RestrictedCash $18.58M USD Point-in-time
Restricted cash RestrictedCash $39.84M USD Point-in-time
Restricted cash RestrictedCash $37.74M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.34M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $314.02M USD Point-in-time
Share-based compensation expense ShareBasedCompensation $17.36M USD 1 Quarter
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $248.55M USD Point-in-time
Share-based compensation expense ShareBasedCompensation $13.24M USD 1 Quarter
Capitalized interest InterestPaidCapitalized $1.71M USD 1 Quarter
Depreciation and amortization, including amortization of debt issuance costs DepreciationDepletionAndAmortization $49.36M USD 1 Quarter
Capitalized interest InterestPaidCapitalized $5.27M USD 1 Quarter
Depreciation and amortization, including amortization of debt issuance costs DepreciationDepletionAndAmortization $65.75M USD 1 Quarter
Deferred rent StraightLineRent $6.59M USD 1 Quarter
Deferred rent StraightLineRent $6.61M USD 1 Quarter
Loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-943.00K USD 1 Quarter
Loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-2.69M USD 1 Quarter
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $458.00K USD 1 Quarter
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $163.00K USD 1 Quarter
Amortization of lease incentives AmortizationOfLeaseIncentives $2.35M USD 1 Quarter
Amortization of lease incentives AmortizationOfLeaseIncentives $1.61M USD 1 Quarter
Loss on extinguishment of debt GainLossOnDebtExtinguishmentIncludingPrepaymentPenalty $-33.00K USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 1 Quarter
Losses on operating lease and other receivables ProvisionForDoubtfulAccounts $501.00K USD 1 Quarter
Losses on operating lease and other receivables ProvisionForDoubtfulAccounts $2.72M USD 1 Quarter
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $532.00K USD 1 Quarter
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $5.95M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $163.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $633.00K USD 1 Quarter
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $4.21M USD 1 Quarter
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $-9.84M USD 1 Quarter
Other assets, net IncreaseDecreaseInOtherOperatingAssets $1.10M USD 1 Quarter
Other assets, net IncreaseDecreaseInOtherOperatingAssets $-2.12M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-842.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-5.97M USD 1 Quarter
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-2.87M USD 1 Quarter
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-1.58M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $41.92M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $66.50M USD 1 Quarter
Development costs, construction in progress and real estate additions PaymentsToDevelopRealEstateAssetsConstructionInProgressAndRealEstateAdditions $28.50M USD 1 Quarter
Development costs, construction in progress and real estate additions PaymentsToDevelopRealEstateAssetsConstructionInProgressAndRealEstateAdditions $107.01M USD 1 Quarter
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $154.49M USD 1 Quarter
Investments in unconsolidated real estate ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures $1.02M USD 1 Quarter
Investments in unconsolidated real estate ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures $3.56M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $43.92M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-29.52M USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $2.64M USD 1 Quarter
Borrowings under mortgages payable ProceedsFromNotesPayable $175.00M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLinesOfCredit $200.00M USD 1 Quarter
Repayments of mortgages payable RepaymentsOfNotesPayable $2.23M USD 1 Quarter
Repayments of mortgages payable RepaymentsOfNotesPayable $2.22M USD 1 Quarter
Repayments of revolving credit facility RepaymentsOfLinesOfCredit $200.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $4.59M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $9.28M USD 1 Quarter
Common shares repurchased PaymentsForRepurchaseOfCommonStock $41.18M USD 1 Quarter
Common shares repurchased PaymentsForRepurchaseOfCommonStock $19.20M USD 1 Quarter
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $30.18M USD 1 Quarter
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $29.65M USD 1 Quarter
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $5.79M USD 1 Quarter
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $3.83M USD 1 Quarter
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $9.68M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-51.78M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $85.67M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $171.50M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-14.79M USD 1 Quarter
Cash and cash equivalents and restricted cash as of the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.34M USD Point-in-time
Cash and cash equivalents and restricted cash as of the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $314.02M 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 $248.55M USD Point-in-time
Cash and cash equivalents and restricted cash as of the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.34M USD Point-in-time
Cash and cash equivalents and restricted cash as of the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $314.02M 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 $248.55M USD Point-in-time
Cash paid for interest (net of capitalized interest of $1,710 and $5,268 in 2021 and 2020) InterestPaidNet $14.93M USD 1 Quarter
Cash paid for interest (net of capitalized interest of $1,710 and $5,268 in 2021 and 2020) InterestPaidNet $10.93M USD 1 Quarter
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $76.42M USD 1 Quarter
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $38.67M USD 1 Quarter
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $7.11M USD 1 Quarter
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $39.92M USD 1 Quarter
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $31.13M USD 1 Quarter
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $3.92M USD 1 Quarter
Recognition (derecognition) of operating lease right-of-use assets RecognitionDerecognitionOfOperatingLeaseRightOfUseAssets $-13.15M USD 1 Quarter
Recognition (derecognition) of liabilities related to operating lease right-of-use assets RecognitionDerecognitionOfLiabilitiesRelatedToOperatingLeaseRightOfUseAssets $-13.15M USD 1 Quarter
Recognition of finance lease right-of-use assets RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability $42.35M USD 1 Quarter
Recognition of liabilities related to finance lease right-of-use assets FinanceLeaseLiabilityObtainedInExchangeForRightOfUseAsset $40.68M USD 1 Quarter
Cash paid for amounts included in the measurement of lease liabilities for operating leases OperatingLeasePayments $1.40M USD 1 Quarter
Cash paid for amounts included in the measurement of lease liabilities for operating leases OperatingLeasePayments $610.00K USD 1 Quarter
Stockholders Equity 26 line items
Line Item Tag Value Unit Period
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.21B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.18B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance at beginning of period (in shares) CommonStockSharesOutstanding 131.28M shares Point-in-time
Balance at beginning of period (in shares) CommonStockSharesOutstanding 131.78M shares Point-in-time
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $42.92M USD 1 Quarter
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-21.84M USD 1 Quarter
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $3.92M USD 1 Quarter
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $31.13M USD 1 Quarter
Common shares repurchased StockRepurchasedDuringPeriodValue $19.20M USD 1 Quarter
Common shares repurchased StockRepurchasedDuringPeriodValue $41.18M USD 1 Quarter
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeIncentiveCompensationAndEmployeeStockPurchasePlan $249.00K USD 1 Quarter
Common shares issued pursuant to Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $132.00K USD 1 Quarter
Contributions from noncontrolling interests, net MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $2.00K USD 1 Quarter
Contributions from noncontrolling interests, net MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $9.67M USD 1 Quarter
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $-12.31M USD 1 Quarter
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $104.24M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-32.77M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $10.15M USD 1 Quarter
Balance at end of period (in shares) CommonStockSharesOutstanding 131.28M shares Point-in-time
Balance at end of period (in shares) CommonStockSharesOutstanding 131.78M shares Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.21B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.18B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Comprehensive Income 17 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $-24.07M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $48.17M USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $6.41M USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-33.93M USD 1 Quarter
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-3.74M USD 1 Quarter
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-1.16M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-32.77M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $10.15M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $15.40M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-13.92M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $5.25M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-2.23M USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-1.11M USD 1 Quarter
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-3.57M USD 1 Quarter
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $973.00K USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $13.73M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-11.55M USD 1 Quarter

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

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