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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Schedule of At-the-Market Program
During the three months ended March 31, 2015, the following shares of common stock and related proceeds were sold through the ATM equity program (in thousands, except per share data):
 
Three Months Ended March 31, 2015
Number of shares of common stock issued through ATM program
53,800

Weighted average price per share
$42.54
 
 
Proceeds, gross
$
2,288

Sales agent compensation
(23
)
Offering costs
(101
)
Proceeds, net
$
2,164
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, 2015: 
Period
 
Amount  per
Share/Unit
 
Period Covered
 
Dividend Paid Date
First Quarter 2015
 
$
0.2325

 
January 1, 2015 to March 31, 2015
 
March 27, 2015
Activity of restricted stock awards
The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2015:
 
Units
 
Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015
493,539

 
$
22.01

Granted
—

 
—

Vested
(308,587
)
 
15.36

Forfeited
—

 
—

Nonvested at March 31, 2015
184,952

 
$
33.10
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,
 
2015
 
2014
NUMERATOR
 
 
 
Net income from operations
$
11,379

 
$
6,658

Less: Net income attributable to restricted shares
(43
)
 
(70
)
Less: Income from operations attributable to unitholders in the Operating Partnership
(3,309
)
 
(1,986
)
Net income attributable to common stockholders—basic
$
8,027

 
$
4,602

Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$
8,027

 
$
4,602

Plus: Income from operations attributable to unitholders in the Operating Partnership
3,309

 
1,986

Net income attributable to common stockholders—diluted
$
11,336

 
$
6,588

DENOMINATOR
 
 
 
Weighted average common shares outstanding—basic
43,419,762

 
40,582,792

Effect of dilutive securities—conversion of Operating Partnership units
17,901,685

 
17,909,681

Weighted average common shares outstanding—diluted
61,321,447

 
58,492,473

 
 
 
 
Earnings per common share, basic
$
0.18

 
$
0.11

Earnings per common share, diluted
$
0.18

 
$
0.11