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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUE:      
Rental income $ 246,078 $ 242,757 $ 225,249
Other property income 13,922 12,300 10,217
Total revenue 260,000 255,057 235,466
EXPENSES:      
Rental expenses 68,267 68,608 64,089
Real estate taxes 22,964 21,378 22,025
General and administrative 18,532 17,195 15,593
Depreciation and amortization 66,568 66,775 61,853
Total operating expenses 176,331 173,956 163,560
Operating income (loss) 83,669 81,101 71,906
Interest expense (52,965) (58,020) (57,328)
Other income (expense), net 441 (487) (629)
INCOME FROM CONTINUING OPERATIONS 31,145 22,594 13,949
Discontinued operations      
Income from discontinued operations 0 0 932
Gain on sale of real estate property 0 0 36,720
Results from discontinued operations 0 0 37,652
NET INCOME 31,145 22,594 51,601
Net income attributable to restricted shares (374) (536) (529)
Net income attributable to unitholders in the Operating Partnership (9,015) (6,838) (16,134)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 21,756 $ 15,220 $ 34,938
EARNINGS PER COMMON SHARE, BASIC      
Continuing operations (in dollars per share) $ 0.52 $ 0.38 $ 0.24
Discontinued operations (in dollars per share) 0.00 0.00 0.66
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.52 $ 0.38 $ 0.90
Weighted average shares of common stock outstanding-basic (in shares) 42,041,126 39,539,457 38,736,113
EARNINGS PER COMMON SHARE, DILUTED      
Continuing operations (in dollars per share) $ 0.51 $ 0.38 $ 0.24
Discontinued operations (in dollars per share) 0.00 0.00 0.66
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.51 $ 0.38 $ 0.90
Weighted average shares of common stock outstanding-diluted (in shares) 59,947,474 57,515,810 57,053,909
COMPREHENSIVE INCOME      
Net income $ 31,145 $ 22,594 $ 51,601
Reclassification of amortization of forward starting swap included in interest expense (39) 0 0
Comprehensive income 31,275 22,594 51,601
Comprehensive income attributable to non-controlling interest (9,053) (6,838) (16,134)
Comprehensive income attributable to American Assets Trust, Inc. 22,222 15,756 35,467
American Assets Trust, L.P.      
REVENUE:      
Rental income 246,078 242,757 225,249
Other property income 13,922 12,300 10,217
Total revenue 260,000 255,057 235,466
EXPENSES:      
Rental expenses 68,267 68,608 64,089
Real estate taxes 22,964 21,378 22,025
General and administrative 18,532 17,195 15,593
Depreciation and amortization 66,568 66,775 61,853
Total operating expenses 176,331 173,956 163,560
Operating income (loss) 83,669 81,101 71,906
Interest expense (52,965) (58,020) (57,328)
Other income (expense), net 441 (487) (629)
INCOME FROM CONTINUING OPERATIONS 31,145 22,594 13,949
Discontinued operations      
Income from discontinued operations 0 0 932
Gain on sale of real estate property 0 0 36,720
Results from discontinued operations 0 0 37,652
NET INCOME 31,145 22,594 51,601
Net income attributable to restricted shares (374) (536) (529)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 30,771 $ 22,058 $ 51,072
EARNINGS PER COMMON SHARE, BASIC      
Continuing operations (in dollars per share) $ 0.51 $ 0.38 $ 0.24
Discontinued operations (in dollars per share) 0.00 0.00 0.66
Basic net income attributable to common stockholders per share (in dollars per share) 0.51 0.38 0.90
EARNINGS PER COMMON SHARE, DILUTED      
Continuing operations (in dollars per share) 0.51 0.38 0.24
Discontinued operations (in dollars per share) 0.00 0.00 0.66
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.51 $ 0.38 $ 0.90
Weighted average shares of common stock outstanding-diluted (in shares) 59,947,474 57,515,810 57,053,909
DISTRIBUTIONS PER UNIT $ 0.8925 $ 0.85 $ 0.84
COMPREHENSIVE INCOME      
Net income $ 31,145 $ 22,594 $ 51,601
Reclassification of amortization of forward starting swap included in interest expense (39) 0 0
Comprehensive income 31,275 22,594 51,601
Limited Partner | American Assets Trust, L.P.      
Discontinued operations      
NET INCOME 9,015 6,838 16,134
COMPREHENSIVE INCOME      
Net income 9,015 6,838 16,134
Comprehensive income attributable to American Assets Trust, Inc. (9,053) (6,838) (16,134)
General Partner | American Assets Trust, L.P.      
Discontinued operations      
NET INCOME 22,130 15,756 35,467
COMPREHENSIVE INCOME      
Net income 22,130 15,756 35,467
Comprehensive income attributable to American Assets Trust, Inc. 22,222 15,756 35,467
Swap      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss on swap derivative during the period (1,448) 0 0
Swap | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss on swap derivative during the period (1,448)    
Forward Contracts      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss on swap derivative during the period 1,617 $ 0 $ 0
Forward Contracts | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss on swap derivative during the period $ 1,617