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10-Q Filing

JBG SMITH PROPERTIES CIK: 1689796 Q3 2021
Filing Information
Form Type 10-Q
Accession Number 0001558370-21-014112
Period End Date 20210930
Filing Date 20211102
Fiscal Year 2021
Fiscal Period Q3
XBRL Instance jbgs-20210930x10q_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 $1.39B USD Point-in-time
Preferred shares, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Land and improvements LandAndLandImprovements $1.36B USD Point-in-time
Buildings and improvements InvestmentBuildingAndBuildingImprovements $4.37B USD 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
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
Common shares, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Construction in progress, including land DevelopmentInProcess $299.36M USD Point-in-time
Construction in progress, including land DevelopmentInProcess $268.06M 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
Real estate, at cost RealEstateInvestmentPropertyAtCost $6.03B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 129.70M shares Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.35B USD Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 131.78M shares Point-in-time
Common shares, shares outstanding CommonStockSharesOutstanding 129.70M shares Point-in-time
Less accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $1.23B USD Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.68B USD Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $4.77B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $455.11M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $225.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $194.28M USD Point-in-time
Restricted cash RestrictedCash $37.74M USD Point-in-time
Restricted cash RestrictedCash $37.60M USD Point-in-time
Restricted cash RestrictedCash $34.90M USD Point-in-time
Tenant and other receivables AccountsAndNotesReceivableNet $55.90M USD Point-in-time
Tenant and other receivables AccountsAndNotesReceivableNet $51.13M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $187.88M 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 $486.05M USD Point-in-time
Other assets, net OtherAssets $286.57M USD Point-in-time
Other assets, net OtherAssets $300.54M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $74.17M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $73.88M USD Point-in-time
TOTAL ASSETS Assets $6.01B 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 $1.67B USD Point-in-time
Unsecured term loans, net UnsecuredDebt $397.98M USD Point-in-time
Unsecured term loans, net UnsecuredDebt $398.49M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $105.31M 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 $200.20M USD Point-in-time
Total liabilities Liabilities $2.38B 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 $499.08M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $612.76M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $526.91M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $490.92M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $544.64M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $530.75M 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; 129,704 and 131,778 shares issued and outstanding as of September 30, 2021 and December 31, 2020 CommonStockValue $1.32M USD Point-in-time
Common shares, $0.01 par value - 500,000 shares authorized; 129,704 and 131,778 shares issued and outstanding as of September 30, 2021 and December 31, 2020 CommonStockValue $1.30M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.61B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.66B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-495.03M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-412.94M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-25.45M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-39.98M USD Point-in-time
Total shareholders' equity of JBG SMITH Properties StockholdersEquity $3.09B 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 $16.50M 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 $3.37B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.10B 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 103 line items
Line Item Tag Value Unit Period
Property rental OperatingLeaseLeaseIncome $118.68M USD 1 Quarter
Property rental OperatingLeaseLeaseIncome $125.90M USD 1 Quarter
Property rental OperatingLeaseLeaseIncome $370.96M USD 3 Qtrs
Property rental OperatingLeaseLeaseIncome $354.52M USD 3 Qtrs
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $25.84M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $26.99M USD 1 Quarter
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $83.87M USD 3 Qtrs
Third-party real estate services, including reimbursements RevenuefromContractwithCustomerIncludingReimbursements $90.69M USD 3 Qtrs
Other revenue OtherIncome $5.28M USD 1 Quarter
Other revenue OtherIncome $5.37M USD 1 Quarter
Other revenue OtherIncome $15.71M USD 3 Qtrs
Other revenue OtherIncome $15.30M USD 3 Qtrs
Total revenue Revenues $476.95M USD 3 Qtrs
Total revenue Revenues $454.09M USD 3 Qtrs
Total revenue Revenues $157.02M USD 1 Quarter
Total revenue Revenues $151.03M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $157.59M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $56.73M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $56.48M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $178.13M USD 3 Qtrs
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $37.57M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $105.87M USD 3 Qtrs
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $40.20M USD 1 Quarter
Property operating DirectCostsOfLeasedAndRentedPropertyOrEquipment $109.93M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $53.42M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $17.35M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $18.26M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $55.13M USD 3 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $12.11M USD 1 Quarter
Corporate and other OtherGeneralAndAdministrativeExpense $11.09M USD 1 Quarter
Corporate and other OtherGeneralAndAdministrativeExpense $38.48M USD 3 Qtrs
Corporate and other OtherGeneralAndAdministrativeExpense $37.48M USD 3 Qtrs
Third-party real estate services ThirdPartyRealEstateServices $28.21M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $25.54M USD 1 Quarter
Third-party real estate services ThirdPartyRealEstateServices $86.26M USD 3 Qtrs
Third-party real estate services ThirdPartyRealEstateServices $80.03M USD 3 Qtrs
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $12.87M USD 3 Qtrs
Share-based compensation related to Formation Transaction and special equity awards AllocatedSharebasedCompensationExpenseFormationTransaction $3.48M 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 $7.53M USD 3 Qtrs
Transaction and other costs Transactionandothercosts $845.00K USD 1 Quarter
Transaction and other costs Transactionandothercosts $8.91M USD 3 Qtrs
Transaction and other costs Transactionandothercosts $2.95M USD 1 Quarter
Total expenses CostsAndExpenses $159.26M USD 1 Quarter
Total expenses CostsAndExpenses $483.47M USD 3 Qtrs
Total expenses CostsAndExpenses $158.68M USD 1 Quarter
Total expenses CostsAndExpenses $473.57M 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 $20.50M USD 1 Quarter
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $23.51M USD 3 Qtrs
Income (loss) from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-17.14M USD 3 Qtrs
Interest and other income, net InvestmentIncomeNet $192.00K USD 1 Quarter
Interest and other income, net InvestmentIncomeNet $1.02M USD 3 Qtrs
Interest and other income, net InvestmentIncomeNet $163.00K USD 3 Qtrs
Interest expense InterestExpense $17.24M USD 1 Quarter
Interest expense InterestExpense $44.66M USD 3 Qtrs
Interest expense InterestExpense $16.89M USD 1 Quarter
Interest expense InterestExpense $50.31M USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $11.29M USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 3 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-33.00K USD 3 Qtrs
Total other income (expense) NonoperatingIncomeExpense $-17.85M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-1.34M USD 3 Qtrs
Total other income (expense) NonoperatingIncomeExpense $-15.35M USD 3 Qtrs
Total other income (expense) NonoperatingIncomeExpense $3.45M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-25.49M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-21.86M USD 3 Qtrs
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.21M USD 1 Quarter
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-20.81M USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $-488.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $217.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $4.53M USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $-3.72M USD 3 Qtrs
NET INCOME (LOSS) ProfitLoss $-26.39M USD 3 Qtrs
NET INCOME (LOSS) ProfitLoss $-17.09M USD 3 Qtrs
NET INCOME (LOSS) ProfitLoss $996.00K USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-25.00M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $103.00K USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-2.21M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-445.00K USD 3 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests NetIncomeLossAttributableToRedeemableNoncontrollingInterest $-2.47M USD 3 Qtrs
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-1.11M USD 3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-22.81M USD 3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-16.65M USD 3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $893.00K USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS NetIncomeLoss $-22.79M USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - BASIC EarningsPerShareBasic - USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - BASIC EarningsPerShareBasic $-0.14 USD 3 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - BASIC EarningsPerShareBasic $-0.18 USD 3 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - BASIC EarningsPerShareBasic $-0.18 USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - DILUTED EarningsPerShareDiluted $-0.14 USD 3 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - DILUTED EarningsPerShareDiluted $-0.18 USD 3 Qtrs
EARNINGS (LOSS) PER COMMON SHARE - DILUTED EarningsPerShareDiluted - USD 1 Quarter
EARNINGS (LOSS) PER COMMON SHARE - DILUTED EarningsPerShareDiluted $-0.18 USD 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC WeightedAverageNumberOfSharesOutstandingBasic 131.46M shares 3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC WeightedAverageNumberOfSharesOutstandingBasic 131.35M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC WeightedAverageNumberOfSharesOutstandingBasic 133.62M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC WeightedAverageNumberOfSharesOutstandingBasic 133.92M shares 3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED WeightedAverageNumberOfDilutedSharesOutstanding 131.35M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED WeightedAverageNumberOfDilutedSharesOutstanding 133.92M shares 3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED WeightedAverageNumberOfDilutedSharesOutstanding 133.62M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED WeightedAverageNumberOfDilutedSharesOutstanding 131.46M shares 3 Qtrs
Cash Flow Statement 111 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-26.39M USD 3 Qtrs
Net income (loss) ProfitLoss $-17.09M USD 3 Qtrs
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $455.11M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $225.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $194.28M USD Point-in-time
Net income (loss) ProfitLoss $996.00K USD 1 Quarter
Net income (loss) ProfitLoss $-25.00M USD 1 Quarter
Restricted cash RestrictedCash $37.74M USD Point-in-time
Restricted cash RestrictedCash $37.60M USD Point-in-time
Restricted cash RestrictedCash $34.90M USD Point-in-time
Share-based compensation expense ShareBasedCompensation $53.18M USD 3 Qtrs
Share-based compensation expense ShareBasedCompensation $38.32M USD 3 Qtrs
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $229.18M 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 $142.52M USD Point-in-time
Cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $492.71M USD Point-in-time
Capitalized interest InterestPaidCapitalized $4.85M USD 3 Qtrs
Depreciation and amortization, including amortization of deferred financing costs DepreciationDepletionAndAmortization $181.22M USD 3 Qtrs
Capitalized interest InterestPaidCapitalized $11.54M USD 3 Qtrs
Capitalized interest InterestPaidCapitalized $2.91M USD 1 Quarter
Capitalized interest InterestPaidCapitalized $1.60M USD 1 Quarter
Depreciation and amortization, including amortization of deferred financing costs DepreciationDepletionAndAmortization $160.40M USD 3 Qtrs
Deferred rent StraightLineRent $17.46M USD 3 Qtrs
Deferred rent StraightLineRent $19.12M 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 $20.50M USD 1 Quarter
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $23.51M USD 3 Qtrs
(Income) loss from unconsolidated real estate ventures, net IncomeLossFromEquityMethodInvestments $-17.14M USD 3 Qtrs
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $356.00K USD 3 Qtrs
Amortization of market lease intangibles, net AmortizationOfAcquiredBelowMarketLeaseNetOfAcquiredAboveMarketLease $896.00K USD 3 Qtrs
Amortization of lease incentives AmortizationOfLeaseIncentives $5.14M USD 3 Qtrs
Amortization of lease incentives AmortizationOfLeaseIncentives $6.08M USD 3 Qtrs
Loss on extinguishment of debt GainLossOnDebtExtinguishmentIncludingPrepaymentPenalty $-33.00K USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $11.29M USD 3 Qtrs
Gain on sale of real estate GainsLossesOnSalesOfInvestmentRealEstate $59.48M USD 3 Qtrs
Loss on operating lease and other receivables ProvisionForDoubtfulAccounts $1.07M USD 3 Qtrs
Loss on operating lease and other receivables ProvisionForDoubtfulAccounts $14.75M USD 3 Qtrs
Return on capital from unconsolidated real estate ventures EquityMethodInvestmentDividendsOrDistributions $13.21M 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 $-583.00K USD 3 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $4.76M USD 3 Qtrs
Tenant and other receivables IncreaseDecreaseInAccountsAndNotesReceivable $-3.70M USD 3 Qtrs
Other assets, net IncreaseDecreaseInOtherOperatingAssets $12.06M 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 $5.95M USD 3 Qtrs
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-15.75M USD 3 Qtrs
Other liabilities, net IncreaseDecreaseInOtherOperatingLiabilities $-4.12M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $127.86M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $154.41M USD 3 Qtrs
Development costs, construction in progress and real estate additions PaymentsToDevelopRealEstateAssetsConstructionInProgressAndRealEstateAdditions $245.46M USD 3 Qtrs
Development costs, construction in progress and real estate additions PaymentsToDevelopRealEstateAssetsConstructionInProgressAndRealEstateAdditions $108.36M USD 3 Qtrs
Deposits for real estate and other acquisitions PaymentsForDepositsOnRealEstateAndOtherAcquisitions $10.26M USD 3 Qtrs
Deposits for real estate and other acquisitions PaymentsForDepositsOnRealEstateAndOtherAcquisitions $25.27M USD 3 Qtrs
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $14.37M USD 3 Qtrs
Proceeds from sale of real estate ProceedsFromSaleOfRealEstateHeldforinvestment $154.49M USD 3 Qtrs
Distributions of capital from unconsolidated real estate ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $70.82M USD 3 Qtrs
Distributions of capital from unconsolidated real estate ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $40.19M USD 3 Qtrs
Investments in unconsolidated real estate ventures and other PaymentsToAcquireRealEstateAndRealEstateJointVentures $32.69M USD 3 Qtrs
Investments in unconsolidated real estate ventures and other PaymentsToAcquireRealEstateAndRealEstateJointVentures $12.28M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-96.75M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-57.70M USD 3 Qtrs
Borrowings under mortgages payable ProceedsFromNotesPayable $85.00M 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 $4.46M USD 3 Qtrs
Repayments of mortgages payable RepaymentsOfNotesPayable $6.68M USD 3 Qtrs
Repayments of revolving credit facility RepaymentsOfLinesOfCredit $700.00M USD 3 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $14.86M USD 3 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $5.75M USD 3 Qtrs
Finance lease payments FinanceLeasePrincipalPayments $3.28M USD 3 Qtrs
Proceeds from common shares issued pursuant to ESPP ProceedsFromStockPlans $880.00K USD 3 Qtrs
Proceeds from common shares issued pursuant to ESPP ProceedsFromStockPlans $887.00K USD 3 Qtrs
Common shares repurchased PaymentsForRepurchaseOfCommonStock $74.43M USD 3 Qtrs
Common shares repurchased PaymentsForRepurchaseOfCommonStock $82.30M USD 3 Qtrs
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $88.93M USD 3 Qtrs
Dividends paid to common shareholders PaymentsOfDividendsCommonStock $90.35M USD 3 Qtrs
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $11.33M USD 3 Qtrs
Distributions to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $13.71M USD 3 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $22.00K USD 3 Qtrs
Distributions to noncontrolling interests PaymentsToMinorityShareholders $23.00K USD 3 Qtrs
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $17.46M USD 3 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-91.82M USD 3 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $280.04M USD 3 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-34.16M USD 3 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $350.20M USD 3 Qtrs
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $229.18M 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, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $142.52M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $492.71M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $229.18M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.34M 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 $492.71M USD Point-in-time
Cash paid for interest (net of capitalized interest of $4,854 and $11,545 in 2021 and 2020) InterestPaidNet $40.74M USD 3 Qtrs
Cash paid for interest (net of capitalized interest of $4,854 and $11,545 in 2021 and 2020) InterestPaidNet $46.01M USD 3 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $51.09M USD 3 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $41.66M USD 3 Qtrs
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $29.39M USD 3 Qtrs
Write-off of fully depreciated assets WriteOffOfFullyDepreciatedAssetsIncludingAssetImpairment $46.28M USD 3 Qtrs
Deconsolidation of real estate asset DeconsolidationOfProperties $26.48M USD 3 Qtrs
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $40.67M USD 3 Qtrs
Conversion of common limited partnership units to common shares ConversionOfStockAmountConverted1 $27.35M USD 3 Qtrs
Derecognition of operating lease right-of-use assets RecognitionDerecognitionOfOperatingLeaseRightOfUseAssets $-13.15M USD 3 Qtrs
Derecognition of liabilities related to operating lease right-of-use assets RecognitionDerecognitionOfLiabilitiesRelatedToOperatingLeaseRightOfUseAssets $-13.15M 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 $4.60M USD 3 Qtrs
Cash paid for amounts included in the measurement of lease liabilities for operating leases OperatingLeasePayments $1.76M USD 3 Qtrs
Stockholders Equity 53 line items
Line Item Tag Value Unit Period
Dividends cash declared CommonStockDividendsPerShareDeclared $0.45 USD 3 Qtrs
Dividends cash declared CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Dividends cash declared CommonStockDividendsPerShareDeclared $0.45 USD 3 Qtrs
Dividends cash declared CommonStockDividendsPerShareDeclared $0.23 USD 1 Quarter
Dividends cash declared CommonStockDividendsPerShareDeclared $0.23 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 $3.37B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.10B 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 129.70M shares Point-in-time
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
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $893.00K USD 1 Quarter
Net income (loss) attributable to common shareholders and noncontrolling interests NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-23.92M 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 $5.67M USD 1 Quarter
Conversion of common limited partnership units to common shares StockIssuedDuringPeriodValueConversionOfUnits $27.35M USD 3 Qtrs
Common shares repurchased StockRepurchasedDuringPeriodValue $79.57M USD 3 Qtrs
Common shares repurchased StockRepurchasedDuringPeriodValue $68.93M USD 1 Quarter
Common shares repurchased StockRepurchasedDuringPeriodValue $38.38M USD 1 Quarter
Common shares repurchased StockRepurchasedDuringPeriodValue $88.13M USD 3 Qtrs
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeIncentiveCompensationAndEmployeeStockPurchasePlan $1.55M USD 3 Qtrs
Common shares issued pursuant to employee incentive compensation plan and Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeIncentiveCompensationAndEmployeeStockPurchasePlan $210.00K USD 1 Quarter
Common shares issued pursuant to Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $186.00K USD 1 Quarter
Common shares issued pursuant to Employee Share Purchase Plan ("ESPP") StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.32M USD 3 Qtrs
Dividends declared on common shares Dividends $59.28M USD 3 Qtrs
Dividends declared on common shares Dividends $60.16M USD 3 Qtrs
Dividends declared on common shares Dividends $29.70M USD 1 Quarter
Dividends declared on common shares Dividends $30.02M USD 1 Quarter
Contributions from (distributions to) noncontrolling interests MinorityInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders $17.44M USD 3 Qtrs
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 $-45.00K USD 1 Quarter
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $11.93M USD 1 Quarter
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $129.02M USD 3 Qtrs
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $18.86M USD 1 Quarter
Redeemable noncontrolling interests redemption value adjustment and other comprehensive income (loss) allocation MinorityInterestChangeInRedemptionValue $6.41M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $16.15M USD 3 Qtrs
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 $3.57M USD 1 Quarter
Balance at end of period (in shares) CommonStockSharesOutstanding 131.78M shares Point-in-time
Balance at end of period (in shares) CommonStockSharesOutstanding 129.70M shares 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 $3.37B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.10B USD Point-in-time
Comprehensive Income 33 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $-26.39M USD 3 Qtrs
NET INCOME (LOSS) ProfitLoss $-17.09M USD 3 Qtrs
NET INCOME (LOSS) ProfitLoss $996.00K USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-25.00M 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 $4.68M USD 3 Qtrs
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-329.00K USD 1 Quarter
Change in fair value of derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-278.00K USD 1 Quarter
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-8.14M USD 3 Qtrs
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-3.90M USD 1 Quarter
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-3.82M USD 1 Quarter
Reclassification of net loss on derivative financial instruments from accumulated other comprehensive loss into interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-11.48M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $16.15M USD 3 Qtrs
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 $3.57M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-21.46M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $4.57M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-48.45M USD 3 Qtrs
COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-10.24M USD 3 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-445.00K USD 3 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-2.47M USD 3 Qtrs
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $-2.21M USD 1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests ComprehensiveNetLossAttributableToRedeemableNoncontrollingInterest $103.00K USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-1.11M USD 3 Qtrs
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $309.00K 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 $413.00K USD 1 Quarter
Other comprehensive (income) loss attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $1.62M USD 3 Qtrs
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $4.05M 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
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JBG SMITH PROPERTIES ComprehensiveIncomeNetOfTax $-8.28M USD 3 Qtrs

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

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