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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUE:      
Rental income $ 261,887 $ 246,078 $ 242,757
Other property income 13,736 13,922 12,300
Total revenue 275,623 260,000 255,057
EXPENSES:      
Rental expenses 73,187 68,267 68,608
Real estate taxes 24,819 22,964 21,378
General and administrative 20,074 18,532 17,195
Depreciation and amortization 63,392 66,568 66,775
Total operating expenses 181,472 176,331 173,956
Operating income (loss) 94,151 83,669 81,101
Interest expense (47,260) (52,965) (58,020)
Gain on sale of real estate 7,121 0 0
Other income (expense), net (97) 441 (487)
Net income 53,915 31,145 22,594
Net income attributable to restricted shares (168) (374) (536)
Net income attributable to unitholders in the Operating Partnership (15,238) (9,015) (6,838)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 38,509 $ 21,756 $ 15,220
EARNINGS PER COMMON SHARE, BASIC      
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.87 $ 0.52 $ 0.38
Weighted average shares of common stock outstanding-basic (in shares) 44,439,112 42,041,126 39,539,457
EARNINGS PER COMMON SHARE, DILUTED      
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.86 $ 0.51 $ 0.38
Weighted average shares of common stock outstanding-diluted (in shares) 62,339,163 59,947,474 57,515,810
COMPREHENSIVE INCOME      
Net income $ 53,915 $ 31,145 $ 22,594
Reclassification of amortization of forward starting swap included in interest expense 231 39 0
Comprehensive income 53,446 31,275 22,594
Comprehensive income attributable to non-controlling interest (15,119) (9,053) (6,838)
Comprehensive income attributable to American Assets Trust, Inc. 38,327 22,222 15,756
American Assets Trust, L.P.      
REVENUE:      
Rental income 261,887 246,078 242,757
Other property income 13,736 13,922 12,300
Total revenue 275,623 260,000 255,057
EXPENSES:      
Rental expenses 73,187 68,267 68,608
Real estate taxes 24,819 22,964 21,378
General and administrative 20,074 18,532 17,195
Depreciation and amortization 63,392 66,568 66,775
Total operating expenses 181,472 176,331 173,956
Operating income (loss) 94,151 83,669 81,101
Interest expense (47,260) (52,965) (58,020)
Gain on sale of real estate 7,121 0 0
Other income (expense), net (97) 441 (487)
Net income 53,915 31,145 22,594
Net income attributable to restricted shares (168) (374) (536)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 53,747 $ 30,771 $ 22,058
EARNINGS PER COMMON SHARE, BASIC      
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.86 $ 0.51 $ 0.38
Weighted average shares of common stock outstanding-basic (in shares) 62,339,163 59,947,474 57,515,810
EARNINGS PER COMMON SHARE, DILUTED      
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.86 $ 0.51 $ 0.38
Weighted average shares of common stock outstanding-diluted (in shares) 62,339,163 59,947,474 57,515,810
DISTRIBUTIONS PER UNIT (in dollars per share) $ 0.9475 $ 0.8925 $ 0.85
COMPREHENSIVE INCOME      
Net income $ 53,915 $ 31,145 $ 22,594
Other comprehensive loss - unrealized loss on swap derivative during the period (238) (1,448) 0
Reclassification of amortization of forward starting swap included in interest expense 231 39 0
Comprehensive income 53,446 31,275 22,594
American Assets Trust, L.P. | Limited Partner      
EXPENSES:      
Net income [1] 15,238 9,015 6,838
COMPREHENSIVE INCOME      
Net income [1] 15,238 9,015 6,838
Comprehensive income attributable to American Assets Trust, Inc. (15,119) (9,053) (6,838)
American Assets Trust, L.P. | General Partner      
EXPENSES:      
Net income [2] 38,677 22,130 15,756
COMPREHENSIVE INCOME      
Net income [2] 38,677 22,130 15,756
Comprehensive income attributable to American Assets Trust, Inc. 38,327 22,222 15,756
Swap      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss on swap derivative during the period (238) (1,448) 0
Swap | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss on swap derivative during the period (238) (1,448)  
Forward Contracts      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss on swap derivative during the period 0 1,617 0
Forward Contracts | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss on swap derivative during the period $ 0 $ 1,617 $ 0
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general and limited partnership interests held by American Assets Trust, Inc.