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SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Schedule of segments operating activity
The following table represents operating activity within our reportable segments (in thousands): 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Total Retail
 
 
 
 
 
 
 
Property revenue
$
23,524

 
$
23,694

 
$
69,175

 
$
67,837

Property expense
(6,445
)
 
(6,828
)
 
(17,476
)
 
(18,648
)
Segment profit
17,079

 
16,866

 
51,699

 
49,189

Total Office
 
 
 
 
 
 
 
Property revenue
22,664

 
19,586

 
67,598

 
55,500

Property expense
(6,636
)
 
(6,054
)
 
(19,656
)
 
(17,430
)
Segment profit
16,028

 
13,532

 
47,942

 
38,070

Total Multifamily
 
 
 
 
 
 
 
Property revenue
4,155

 
3,906

 
12,004

 
10,957

Property expense
(1,525
)
 
(1,558
)
 
(4,383
)
 
(4,437
)
Segment profit
2,630

 
2,348

 
7,621

 
6,520

Total Mixed-Use
 
 
 
 
 
 
 
Property revenue
14,975

 
13,579

 
41,635

 
38,051

Property expense
(8,592
)
 
(8,132
)
 
(24,931
)
 
(23,365
)
Segment profit
6,383

 
5,447

 
16,704

 
14,686

Total segments’ profit
$
42,120

 
$
38,193

 
$
123,966

 
$
108,465
Reconciliation of segment profit to net income attributable to stockholders
The following table is a reconciliation of segment profit to net income attributable to stockholders (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Total segments’ profit
$
42,120

 
$
38,193

 
$
123,966

 
$
108,465

General and administrative
(4,031
)
 
(3,894
)
 
(12,658
)
 
(11,530
)
Depreciation and amortization
(16,648
)
 
(16,094
)
 
(50,614
)
 
(45,277
)
Interest expense
(14,764
)
 
(14,247
)
 
(44,244
)
 
(42,176
)
Other income (expense), net
(419
)
 
8

 
(763
)
 
(355
)
Income from continuing operations
6,258

 
3,966

 
15,687

 
9,127

Discontinued operations
 
 
 
 
 
 
 
Results from discontinued operations
—

 
319

 
—

 
653

Net income
6,258

 
4,285

 
15,687

 
9,780

Net income attributable to restricted shares
(132
)
 
(133
)
 
(397
)
 
(396
)
Net income attributable to unitholders in the Operating Partnership
(1,903
)
 
(1,335
)
 
(4,752
)
 
(3,022
)
Net income attributable to American Assets Trust, Inc. stockholders
$
4,223

 
$
2,817

 
$
10,538

 
$
6,362
Net Real Estate and Secured note payable balances by Segments
The following table shows net real estate and secured note payable balances for each of the segments (in thousands):
 
September 30, 2013
 
December 31, 2012
Net Real Estate
 
 
 
Retail
$
655,569

 
$
669,177

Office
774,775

 
759,203

Multifamily
35,757

 
36,391

Mixed-Use
199,688

 
203,411

 
$
1,665,789

 
$
1,668,182

Secured Notes Payable (1)
 
 
 
Retail
$
395,677

 
$
397,732

Office
427,499

 
428,194

Multifamily
101,444

 
101,444

Mixed-Use
130,310

 
130,310

 
$
1,054,930

 
$
1,057,680

(1)
Excludes unamortized fair market value adjustments of $10.8 million and $13.0 million as of September 30, 2013 and December 31, 2012, respectively.
Capital expenditures for each segment
Capital expenditures for each segment for the three and nine months ended September 30, 2013 and 2012 were as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Capital Expenditures (1)
 
 
 
 
 
 
 
Retail
$
616

 
$
4,292

 
$
3,143

 
$
11,734

Office
11,690

 
10,381

 
30,991

 
15,534

Multifamily
351

 
259

 
700

 
782

Mixed-Use
275

 
108

 
646

 
253

 
$
12,932

 
$
15,040

 
$
35,480

 
$
28,303

(1)
Capital expenditures represent cash paid for capital expenditures during the period and include leasing commissions paid.