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Equity (Tables)
6 Months Ended
Jun. 30, 2012
Equity [Abstract]  
Dividends declared and paid on shares of common stock and noncontrolling common units
                 
Period   Amount  per
Share/Unit
   

Period Covered

  Dividend Paid Date

First Quarter 2012

  $ 0.21     January 1, 2012 to March 31, 2012   March 30, 2012

Second Quarter 2012

  $ 0.21     April 1, 2012 to June 30, 2012   June 29, 2012
Activity of restricted stock awards
                 
    Units     Weighted
Average Grant
Date Fair Value
 

Nonvested at January 1, 2012

    628,712     $ 15.43  

Granted

    2,000       12.26  

Vested

    (2,600     20.50  

Forfeited

    (2,253     12.52  
   

 

 

         

Nonvested at June 30, 2012

    625,859     $ 15.50  
   

 

 

         
Computation of basic and diluted EPS
                                 
   

Three Months Ended

June 30,

   

Six Months Ended

June 30,

 
    2012     2011     2012     2011  

Numerator

                               

Income from continuing operations

  $ 2,624     $ (7   $ 5,495     $ 13,259  

Less: Net income attributable to restricted shares

    (131     (132     (263     (218

Plus: Loss from continuing operations attributable to Predecessor’s noncontrolling interests in consolidated real estate entities

    —         —         —         2,454  

Less: Income from continuing operations attributable to Predecessor’s controlled owners’ equity

    —         —         —         (17,009

Less: (Income) loss from continuing operations attributable to unitholders in the Operating Partnership

    (804     46       (1,687     488  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations attributable to American Assets Trust, Inc. common stockholders—basic

    1,689       (93     3,545       (1,026

Plus: Results from discontinued operations attributable to American Assets Trust, Inc. common stockholders

    —         312       —         547  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to common stockholders—basic

  $ 1,689     $ 219     $ 3,545     $ (479
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations attributable to American Assets Trust, Inc. common stockholders—basic

  $ 1,689     $ (93   $ 3,545     $ (1,026

Plus: Income from continuing operations attributable to unitholders in the Operating Partnership

    804       (46     1,687       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations attributable to common stockholders—diluted

    2,493       (139     5,232       (1,026

Plus: Results from discontinued operations attributable to American Assets Trust, Inc. common stockholders

    —         312       —         547  

Plus: Results from discontinued operations attributable to unitholders in the Operating Partnership

    —         150       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to common stockholders—diluted

  $ 2,493     $ 323     $ 5,232     $ (479
   

 

 

   

 

 

   

 

 

   

 

 

 

Denominator

                               

Weighted average common shares outstanding—basic

    38,659,155       38,655,084       38,658,162       34,810,932  

Effect of dilutive securities—conversion of Operating Partnership units

    18,396,089       18,396,089       18,396,347       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding—diluted

    57,055,244       57,051,173       57,054,509       34,810,932  
   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings (loss) per common share—basic

                               

Continuing operations

  $ 0.04     $ —       $ 0.09     $ (0.03

Discontinued operations

    —         0.01       —         0.02  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 0.04     $ 0.01     $ 0.09     $ (0.01
   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings (loss) per common share—diluted

                               

Continuing operations

  $ 0.04     $ —       $ 0.09     $ (0.03

Discontinued operations

    —         0.01       —         0.02  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 0.04     $ 0.01     $ 0.09     $ (0.01