EQUITY (Tables)

3 Months Ended

Mar. 31, 2014

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 three months ended March 31, 2014:

Period	Amount  per Share/Unit		Period Covered	Dividend Paid Date
First Quarter 2014	$	0.22	January 1, 2014 to March 31, 2014	March 28, 2014

Activity of restricted stock awards

The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2014:

	Units		Weighted Average Grant Date Fair Value
Nonvested at January 1, 2014	629,058		$	15.58
Granted	112,119		29.96
Vested	(310,194	)	15.42
Forfeited	—		—
Nonvested at March 31, 2014	430,983		$	19.44

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,
	2014			2013
NUMERATOR
Income from operations	$	6,658		$	4,865
Less: Net income attributable to restricted shares	(70		)	(132		)
Less: Income from operations attributable to unitholders in the Operating Partnership	(1,986		)	(1,495		)
Net income attributable to common stockholders—basic	$	4,602		$	3,238
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic	$	4,602		$	3,238
Plus: Income from operations attributable to unitholders in the Operating Partnership	1,986			1,495
Net income attributable to common stockholders—diluted	$	6,588		$	4,733
DENOMINATOR
Weighted average common shares outstanding—basic	40,582,792			39,033,013
Effect of dilutive securities—conversion of Operating Partnership units	17,909,681			18,023,435
Weighted average common shares outstanding—diluted	58,492,473			57,056,448
Earnings per common share, basic	$	0.11		$	0.08
Earnings per common share, diluted	$	0.11		$	0.08