EQUITY (Tables)

12 Months Ended

Mar. 31, 2013

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 three months ended March 31, 2013:

Period	Amount  per Share/Unit		Period Covered	Dividend Paid Date
First Quarter 2013	$	0.21	January 1, 2013 to March 31, 2013	March 29, 2013

Activity of restricted stock awards

The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2013:

	Units			Weighted Average Grant Date  Fair Value
Nonvested at January 1, 2013		633,222		$	15.64
Granted		—			—
Vested		(2,601	)		20.50
Forfeited		—			—
Nonvested at March 31, 2013		630,621		$	15.51

Computation of basic and diluted EPS

The computation of basic and diluted EPS is presented below (dollars in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2013			2012
NUMERATOR
Income from continuing operations	$	4,865		$	2,764
Less: Net income attributable to restricted shares		(132	)		(132	)
Less: Income from continuing operations attributable to unitholders in the Operating Partnership		(1,495	)		(883	)
Income from continuing operations attributable to American Assets Trust, Inc. common stockholders—basic		3,238			1,749
Plus: Results from discontinued operations attributable to American Assets Trust, Inc. common stockholders		—			107
Net income attributable to common stockholders—basic	$	3,238		$	1,856
Income from continuing operations attributable to American Assets Trust, Inc. common stockholders—basic	$	3,238		$	1,749
Plus: Income from continuing operations attributable to unitholders in the Operating Partnership		1,495			883
Income from continuing operations attributable to common stockholders—diluted		4,733			2,632
Plus: Results from discontinued operations attributable to American Assets Trust, Inc. common stockholders		—			107
Plus: Results from discontinued operations attributable to unitholders in the Operating Partnership		—			—
Net income attributable to common stockholders—diluted	$	4,733		$	2,739
DENOMINATOR
Weighted average common shares outstanding—basic		39,033,013			38,657,170
Effect of dilutive securities—conversion of Operating Partnership units		18,023,435			18,396,089
Weighted average common shares outstanding—diluted		57,056,448			57,053,259
EARNINGS PER COMMON SHARE—BASIC
Continuing operations	$	0.08		$	0.05
Discontinued operations		—			—
	$	0.08		$	0.05
EARNINGS PER COMMON SHARE—DILUTED
Continuing operations	$	0.08		$	0.05
Discontinued operations		—			—
	$	0.08		$	0.05