Equity (Tables)

9 Months Ended

Sep. 30, 2012

Equity [Abstract]

Dividends declared and paid on shares of common stock and noncontrolling common units

The following table lists the dividends declared and paid on our shares of common stock and noncontrolling common units during the nine months ended September 30, 2012:

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
Third Quarter 2012	$	0.21	July 1, 2012 to September 30, 2012	September 28, 2012

Activity of restricted stock awards

The following table summarizes the activity of restricted stock awards during the nine months ended September 30, 2012:

	Units			Weighted Average Grant Date  Fair Value
Nonvested at January 1, 2012		628,712		$	15.43
Granted		10,015			22.50
Vested		(3,252	)		20.49
Forfeited		(2,253	)		12.52
Nonvested at September 30, 2012		633,222		$	15.64

Computation of basic and diluted EPS

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
NUMERATOR
Income from continuing operations	$	4,498		$	310		$	9,993		$	13,569
Less: Net income attributable to restricted shares		(133	)		(132	)		(396	)		(350	)
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		(1,403	)		(57	)		(3,090	)		427
Income (loss) from continuing operations attributable to American Assets Trust, Inc. common stockholders—basic		2,962			121			6,507			(909	)
Plus: Results from discontinued operations attributable to American Assets Trust, Inc. common stockholders		(145	)		2,931			(145	)		3,482
Net income attributable to common stockholders—basic	$	2,817		$	3,052		$	6,362		$	2,573
Income (loss) from continuing operations attributable to American Assets Trust, Inc. common stockholders—basic	$	2,962		$	121		$	6,507		$	(909	)
Plus: Income (loss) from continuing operations attributable to unitholders in the Operating Partnership		1,403			57			3,090			(427	)
Income (loss) from continuing operations attributable to common stockholders—diluted		4,365			178			9,597			(1,336	)
Plus: Results from discontinued operations attributable to American Assets Trust, Inc. common stockholders		(145	)		2,931			(145	)		3,482
Plus: Results from discontinued operations attributable to unitholders in the Operating Partnership		(68	)		1,377			(68	)		1,636
Net income attributable to common stockholders—diluted	$	4,152		$	4,486		$	9,384		$	3,782
DENOMINATOR
Weighted average common shares outstanding—basic		38,673,617			38,655,084			38,663,352			36,106,397
Effect of dilutive securities—conversion of Operating Partnership units		18,380,808			18,396,089			18,391,073			17,159,251
Weighted average common shares outstanding—diluted		57,054,425			57,051,173			57,054,425			53,265,648
EARNINGS (LOSS) PER COMMON SHARE-BASIC
Continuing operations	$	0.08		$	—		$	0.17		$	(0.03	)
Discontinued operations		—			0.08			—			0.10
	$	0.08		$	0.08		$	0.17		$	0.07
EARNINGS (LOSS) PER COMMON SHARE-DILUTED
Continuing operations	$	0.08		$	—		$	0.17		$	(0.03	)
Discontinued operations		—			0.08			—			0.10
	$	0.08		$	0.08		$	0.17		$	0.07