v3.25.2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Real estate, at cost:
Land and improvements	$ 995,504	$ 1,109,172
Buildings and improvements	3,860,105	4,083,937
Construction in progress, including land	340,944	338,333
Real estate, at cost	5,196,553	5,531,442
Less: accumulated depreciation	(1,420,865)	(1,419,983)
Real estate, net	3,775,688	4,111,459
Cash and cash equivalents	61,432	145,804
Restricted cash	29,530	37,388
Tenant and other receivables	21,372	23,478
Deferred rent receivable	175,709	170,153
Investments in unconsolidated real estate ventures	93,859	93,654
Deferred leasing costs, net	70,684	69,821
Intangible assets, net	52,863	47,000
Other assets, net	117,076	131,318
Assets held for sale	151,082	190,465
TOTAL ASSETS	4,549,295	5,020,540
Liabilities:
Mortgage loans, net	1,540,670	1,767,173
Revolving credit facility	226,000	85,000
Term loans, net	718,252	717,853
Accounts payable and accrued expenses	81,312	101,096
Other liabilities, net	116,109	115,827
Liabilities related to assets held for sale	956	901
Total liabilities	2,683,299	2,787,850
Commitments and contingencies
Redeemable noncontrolling interests	543,203	423,632
Shareholders' equity:
Preferred shares, $0.01 par value - 200,000 shares authorized; none issued
Common shares, $0.01 par value - 500,000 shares authorized; 61,945 and 84,500 shares issued and outstanding as of June 30, 2025 and December 31, 2024	620	846
Additional paid-in capital	2,397,255	2,790,403
Accumulated deficit	(1,074,678)	(997,283)
Accumulated other comprehensive income (loss)	(404)	15,092
Total equity	1,322,793	1,809,058
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 4,549,295	$ 5,020,540

Amount, after allowance for credit loss, of accounts and financing receivable. Includes, but is not limited to, notes and loan receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

JBG SMITH Properties 10-Q