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10-Q Filing

JBG SMITH PROPERTIES CIK: 1689796 Q2 2021
Filing Information
Form Type 10-Q
Accession Number 0001558370-21-009994
Period End Date 20210630
Filing Date 20210803
Fiscal Year 2021
Fiscal Period Q2
XBRL Instance jbgs-20210630x10q_htm.xml
Balance Sheet 84 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 $1.36B USD Point-in-time
Land and improvements LandAndLandImprovements $1.39B USD Point-in-time
Preferred shares, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Buildings and improvements InvestmentBuildingAndBuildingImprovements $4.34B USD Point-in-time
Buildings and improvements InvestmentBuildingAndBuildingImprovements $4.36B 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
Construction in progress, including land DevelopmentInProcess $273.54M 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 shares, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 131.84M shares Point-in-time
Real estate, at cost RealEstateInvestmentPropertyAtCost $5.99B USD Point-in-time
Real estate, at cost RealEstateInvestmentPropertyAtCost $6.00B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 131.78M shares Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.30B USD Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.23B USD Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 131.78M shares Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 131.84M shares Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.69B USD Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.77B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $710.68M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $225.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $201.15M USD Point-in-time
Restricted cash RestrictedCash $37.74M USD Point-in-time
Restricted cash RestrictedCash $37.54M USD Point-in-time
Restricted cash RestrictedCash $20.36M USD Point-in-time
Tenant and other receivables AccountsAndNotesReceivableNet $43.72M USD Point-in-time
Tenant and other receivables AccountsAndNotesReceivableNet $55.90M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $170.55M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $182.56M USD Point-in-time
Investments in unconsolidated real estate ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures $461.37M USD Point-in-time
Investments in unconsolidated real estate ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures $497.77M USD Point-in-time
Other assets, net OtherAssets $282.36M 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 $6.08B USD Point-in-time
TOTAL ASSETS Assets $6.01B 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 $397.98M USD Point-in-time
Unsecured term loans, net UnsecuredDebt $398.32M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $103.10M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $99.31M USD Point-in-time
Other liabilities, net OtherLiabilities $247.77M USD Point-in-time
Other liabilities, net OtherLiabilities $201.56M USD Point-in-time
Total liabilities Liabilities $2.29B USD Point-in-time
Total liabilities Liabilities $2.34B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $544.64M 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 $503.04M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $499.08M 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; 131,841 and 131,778 shares issued and outstanding as of June 30, 2021 and December 31, 2020 CommonStockValue $1.32M USD Point-in-time
Common shares, $0.01 par value - 500,000 shares authorized; 131,841 and 131,778 shares issued and outstanding as of June 30, 2021 and December 31, 2020 CommonStockValue $1.32M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.65B 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 $-466.23M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-39.98M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-28.61M USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.16B USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.21B USD Point-in-time
Noncontrolling interests MinorityInterest $167.00K USD Point-in-time
Noncontrolling interests MinorityInterest $16.54M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.18B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.21B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY LiabilitiesAndStockholdersEquity $6.08B USD Point-in-time
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY LiabilitiesAndStockholdersEquity $6.01B USD Point-in-time
Income Statement 105 line items
Line Item Tag Value Unit Period
Property rental OperatingLeaseLeaseIncome $245.06M USD 2 Qtrs
Property rental OperatingLeaseLeaseIncome $235.84M USD 2 Qtrs
Property rental OperatingLeaseLeaseIncome $115.46M USD 1 Quarter
Property rental OperatingLeaseLeaseIncome $122.82M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $56.88M USD 2 Qtrs
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $26.75M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $64.85M USD 2 Qtrs
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $27.17M USD 1 Quarter
Other revenue OtherIncome $2.33M USD 1 Quarter
Other revenue OtherIncome $10.34M USD 2 Qtrs
Other revenue OtherIncome $10.02M USD 2 Qtrs
Other revenue OtherIncome $5.08M USD 1 Quarter
Total revenue Revenues $154.64M USD 1 Quarter
Total revenue Revenues $303.06M USD 2 Qtrs
Total revenue Revenues $319.93M USD 2 Qtrs
Total revenue Revenues $144.95M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $101.11M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $52.62M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $56.68M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $121.40M USD 2 Qtrs
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $33.79M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $68.30M USD 2 Qtrs
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $35.00M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $69.73M USD 2 Qtrs
Real estate taxes RealEstateTaxExpense $36.07M USD 2 Qtrs
Real estate taxes RealEstateTaxExpense $18.56M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $17.87M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $36.87M USD 2 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $13.89M USD 1 Quarter
Corporate and other OtherGeneralAndAdministrativeExpense $26.39M USD 2 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $26.37M USD 2 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $13.22M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $58.05M USD 2 Qtrs
Third-party real estate services ThirdPartyRealEstateServices $25.56M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $54.49M USD 2 Qtrs
Third-party real estate services ThirdPartyRealEstateServices $29.24M USD 1 Quarter
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $9.39M USD 2 Qtrs
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $4.44M 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 $18.30M USD 2 Qtrs
Transaction and other costs Transactionandothercosts $2.27M USD 1 Quarter
Transaction and other costs Transactionandothercosts $6.68M USD 2 Qtrs
Transaction and other costs Transactionandothercosts $5.96M USD 2 Qtrs
Transaction and other costs Transactionandothercosts $1.37M USD 1 Quarter
Total expenses CostsAndExpenses $314.89M USD 2 Qtrs
Total expenses CostsAndExpenses $324.21M USD 2 Qtrs
Total expenses CostsAndExpenses $156.40M USD 1 Quarter
Total expenses CostsAndExpenses $156.96M USD 1 Quarter
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $3.01M USD 2 Qtrs
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-13.48M USD 1 Quarter
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $3.95M USD 1 Quarter
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-16.18M USD 2 Qtrs
Interest and other income (loss), net InvestmentIncomeNet $114.00K USD 1 Quarter
Interest and other income (loss), net InvestmentIncomeNet $1.02M USD 2 Qtrs
Interest and other income (loss), net InvestmentIncomeNet $-29.00K USD 2 Qtrs
Interest and other income (loss), net InvestmentIncomeNet $-38.00K USD 1 Quarter
Interest expense InterestExpense $15.77M USD 1 Quarter
Interest expense InterestExpense $16.77M USD 1 Quarter
Interest expense InterestExpense $27.77M USD 2 Qtrs
Interest expense InterestExpense $33.07M USD 2 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $11.29M USD 2 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $11.29M USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 2 Qtrs
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 $-1.57M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $16.51M USD 2 Qtrs
Total other income (expense) NonoperatingIncomeExpense $-18.80M USD 2 Qtrs
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-41.15M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-3.32M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.68M USD 2 Qtrs
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-23.08M USD 2 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $-888.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-5.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $4.31M USD 2 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $-3.23M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $7.91M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $-3.32M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-27.39M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $-40.26M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $1.77M USD 2 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-2.58M 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 $-345.00K USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-1.11M USD 2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-36.78M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-23.70M USD 2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-2.97M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $6.14M USD 2 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - BASIC EarningsPerShareBasic $-0.19 USD 2 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - BASIC EarningsPerShareBasic $-0.28 USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - BASIC EarningsPerShareBasic $-0.03 USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - BASIC EarningsPerShareBasic $0.04 USD 2 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - DILUTED EarningsPerShareDiluted $-0.03 USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - DILUTED EarningsPerShareDiluted $0.04 USD 2 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - DILUTED EarningsPerShareDiluted $-0.19 USD 2 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - DILUTED EarningsPerShareDiluted $-0.28 USD 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC WeightedAverageNumberOfSharesOutstandingBasic 131.48M 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 131.51M shares 2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC WeightedAverageNumberOfSharesOutstandingBasic 133.61M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED WeightedAverageNumberOfDilutedSharesOutstanding 131.48M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED WeightedAverageNumberOfDilutedSharesOutstanding 133.61M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED WeightedAverageNumberOfDilutedSharesOutstanding 131.51M shares 2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED WeightedAverageNumberOfDilutedSharesOutstanding 134.08M shares 2 Qtrs
Cash Flow Statement 109 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $710.68M USD Point-in-time
Net income (loss) ProfitLoss $7.91M USD 2 Qtrs
Net income (loss) ProfitLoss $-3.32M USD 1 Quarter
Net income (loss) ProfitLoss $-27.39M USD 2 Qtrs
Net income (loss) ProfitLoss $-40.26M USD 1 Quarter
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $225.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $201.15M USD Point-in-time
Restricted cash RestrictedCash $37.74M USD Point-in-time
Restricted cash RestrictedCash $37.54M USD Point-in-time
Restricted cash RestrictedCash $20.36M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $731.03M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M USD Point-in-time
Share-based compensation expense ShareBasedCompensation $38.17M USD 2 Qtrs
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $238.69M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.34M USD Point-in-time
Share-based compensation expense ShareBasedCompensation $26.89M USD 2 Qtrs
Depreciation and amortization, including amortization of deferred financing costs DepreciationDepletionAndAmortization $102.90M USD 2 Qtrs
Capitalized interest InterestPaidCapitalized $8.63M USD 2 Qtrs
Capitalized interest InterestPaidCapitalized $1.55M USD 1 Quarter
Depreciation and amortization, including amortization of deferred financing costs DepreciationDepletionAndAmortization $123.44M USD 2 Qtrs
Capitalized interest InterestPaidCapitalized $3.37M USD 1 Quarter
Capitalized interest InterestPaidCapitalized $3.26M USD 2 Qtrs
Deferred rent StraightLineRent $11.73M USD 2 Qtrs
Deferred rent StraightLineRent $12.17M USD 2 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $3.01M USD 2 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-13.48M USD 1 Quarter
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $3.95M USD 1 Quarter
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-16.18M USD 2 Qtrs
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $658.00K 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 $4.19M USD 2 Qtrs
Loss on extinguishment of debt GainLossOnDebtExtinguishmentIncludingPrepaymentPenalty $-33.00K USD 2 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $11.29M USD 2 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $11.29M USD 1 Quarter
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 2 Qtrs
Losses on operating lease and other receivables ProvisionForDoubtfulAccounts $10.61M USD 2 Qtrs
Losses on operating lease and other receivables ProvisionForDoubtfulAccounts $975.00K USD 2 Qtrs
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $1.88M USD 2 Qtrs
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $10.35M USD 2 Qtrs
Other non-cash items OtherNoncashIncomeExpense $-473.00K USD 2 Qtrs
Other non-cash items OtherNoncashIncomeExpense $-74.00K USD 2 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $10.20M USD 2 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $-11.20M USD 2 Qtrs
Other assets, net IncreaseDecreaseInOtherOperatingAssets $87.00K USD 2 Qtrs
Other assets, net IncreaseDecreaseInOtherOperatingAssets $-274.00K USD 2 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $238.00K USD 2 Qtrs
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-1.62M USD 2 Qtrs
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $32.00K USD 2 Qtrs
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-12.40M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $123.56M 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 $67.41M USD 2 Qtrs
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $154.49M USD 2 Qtrs
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $14.37M 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 $4.58M USD 2 Qtrs
Investments in unconsolidated real estate ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures $10.73M USD 2 Qtrs
Investments in unconsolidated real estate ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures $21.99M USD 2 Qtrs
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-70.44M USD 2 Qtrs
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $33.35M 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 $3.34M 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 $4.59M USD 2 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $9.77M USD 2 Qtrs
Finance lease payments FinanceLeasePrincipalPayments $3.03M USD 2 Qtrs
Proceeds from common shares issued pursuant to ESPP ProceedsFromStockPlans $880.00K USD 2 Qtrs
Proceeds from common shares issued pursuant to ESPP ProceedsFromStockPlans $887.00K USD 2 Qtrs
Common shares repurchased PaymentsForRepurchaseOfCommonStock $19.20M USD 2 Qtrs
Common shares repurchased PaymentsForRepurchaseOfCommonStock $41.19M USD 2 Qtrs
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $60.33M USD 2 Qtrs
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $59.23M USD 2 Qtrs
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $9.71M USD 2 Qtrs
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $7.61M USD 2 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $23.00K USD 2 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $22.00K USD 2 Qtrs
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $17.46M USD 2 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $469.65M USD 2 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-77.75M USD 2 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $588.52M USD 2 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-24.64M USD 2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $731.03M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $238.69M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.34M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $731.03M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $238.69M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.34M USD Point-in-time
Cash paid for interest (net of capitalized interest of $3,256 and $8,633 in 2021 and 2020) InterestPaidNet $30.34M USD 2 Qtrs
Cash paid for interest (net of capitalized interest of $3,256 and $8,633 in 2021 and 2020) InterestPaidNet $25.65M USD 2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $41.66M USD 2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $70.37M USD 2 Qtrs
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $13.38M USD 2 Qtrs
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $43.19M USD 2 Qtrs
Deconsolidation of real estate asset DeconsolidationOfProperties $26.48M USD 2 Qtrs
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $21.68M USD 2 Qtrs
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $35.88M USD 2 Qtrs
Derecognition of operating lease right-of-use assets RecognitionDerecognitionOfOperatingLeaseRightOfUseAssets $-13.15M USD 2 Qtrs
Derecognition of liabilities related to operating lease right-of-use assets RecognitionDerecognitionOfLiabilitiesRelatedToOperatingLeaseRightOfUseAssets $-13.15M 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 $4.01M USD 2 Qtrs
Cash paid for amounts included in the measurement of lease liabilities for operating leases OperatingLeasePayments $1.32M USD 2 Qtrs
Stockholders Equity 52 line items
Line Item Tag Value Unit Period
Dividends cash declared CommonStockDividendsPerShareDeclared $0.23 USD 2 Qtrs
Dividends cash declared CommonStockDividendsPerShareDeclared $0.23 USD Point-in-time
Dividends cash declared CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Dividends cash declared CommonStockDividendsPerShareDeclared $0.23 USD 2 Qtrs
Dividends cash declared CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.18B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.21B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Balance at beginning of period (in shares) CommonStockSharesOutstanding 131.78M shares Point-in-time
Balance at beginning of period (in shares) CommonStockSharesOutstanding 131.84M shares Point-in-time
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-24.81M USD 2 Qtrs
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 $-2.97M USD 1 Quarter
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-36.78M USD 1 Quarter
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $17.76M USD 1 Quarter
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $35.88M 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 $21.68M USD 2 Qtrs
Common shares repurchased StockRepurchasedDuringPeriodValue $19.20M 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 incentive compensation plan and Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeIncentiveCompensationAndEmployeeStockPurchasePlan $1.34M USD 2 Qtrs
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeIncentiveCompensationAndEmployeeStockPurchasePlan $1.09M USD 1 Quarter
Common shares issued pursuant to Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.13M USD 2 Qtrs
Common shares issued pursuant to Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.00M USD 1 Quarter
Dividends declared on common shares Dividends $30.14M USD 1 Quarter
Dividends declared on common shares Dividends $29.58M USD 1 Quarter
Dividends declared on common shares Dividends $30.14M USD 2 Qtrs
Dividends declared on common shares Dividends $29.58M USD 2 Qtrs
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $-10.00K USD 2 Qtrs
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $-12.00K USD 1 Quarter
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $7.81M USD 1 Quarter
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $17.48M USD 2 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $12.86M USD 1 Quarter
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $117.09M USD 2 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $-12.45M USD 2 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $-141.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-2.13M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-34.90M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $2.43M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $12.58M USD 2 Qtrs
Balance at end of period (in shares) CommonStockSharesOutstanding 131.78M shares Point-in-time
Balance at end of period (in shares) CommonStockSharesOutstanding 131.84M shares Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.18B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.21B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Comprehensive Income 33 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $7.91M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $-3.32M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-27.39M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $-40.26M USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-5.28M 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 $-1.40M USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $5.01M USD 2 Qtrs
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-3.16M USD 1 Quarter
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-4.31M USD 2 Qtrs
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-3.83M USD 1 Quarter
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-7.58M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-2.13M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-34.90M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $2.43M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $12.58M USD 2 Qtrs
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-42.39M USD 1 Quarter
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-888.00K USD 1 Quarter
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-26.98M USD 2 Qtrs
COMPREHENSIVE LOSS ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-14.80M USD 2 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-345.00K USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-2.58M 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 $1.77M USD 2 Qtrs
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-1.11M USD 2 Qtrs
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $235.00K USD 1 Quarter
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-3.75M USD 2 Qtrs
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $-182.00K USD 1 Quarter
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $1.21M USD 2 Qtrs
COMPREHENSIVE LOSS ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-12.33M USD 2 Qtrs
COMPREHENSIVE LOSS ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-38.73M USD 1 Quarter
COMPREHENSIVE LOSS ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-778.00K USD 1 Quarter
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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