v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate, at cost:    
Land and improvements $ 987,802 $ 1,019,967
Buildings and improvements 4,016,401 3,973,514
Construction in progress, including land 111,275 175,673
Real estate, at cost 5,115,478 5,169,154
Less: accumulated depreciation (1,478,008) (1,408,641)
Real estate, net 3,637,470 3,760,513
Cash and cash equivalents 74,803 75,270
Restricted cash 33,264 28,020
Tenant and other receivables 25,141 21,810
Deferred rent receivable 187,747 182,891
Investments in unconsolidated real estate ventures 115,603 105,711
Deferred leasing costs, net 63,246 66,356
Intangible assets, net 11,497 30,333
Other assets, net 112,064 117,287
TOTAL ASSETS 4,260,835 4,388,191
Liabilities:    
Mortgage loans, net 1,601,618 1,579,158
Revolving credit facility 210,000 205,000
Term loans, net 718,832 718,408
Accounts payable and accrued expenses 65,630 84,748
Other liabilities, net 94,057 131,945
Total liabilities 2,690,137 2,719,259
Commitments and contingencies
Redeemable noncontrolling interests 492,712 511,342
Shareholders' equity:    
Preferred shares, $0.01 par value - 200,000 shares authorized; none issued
Additional paid-in capital 2,328,305 2,338,881
Accumulated deficit (1,268,511) (1,180,410)
Accumulated other comprehensive income (loss) 5,873 (1,613)
Total shareholders' equity of JBG SMITH Properties 1,066,413 1,157,590
Noncontrolling interests 11,573  
Total equity 1,077,986 1,157,590
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY 4,260,835 4,388,191
Common shares    
Shareholders' equity:    
Common shares 585 596
Class B Common Shares    
Shareholders' equity:    
Common shares $ 161 $ 136