EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016:

Period	Amount  per Share/Unit		Period Covered	Dividend Paid Date
First Quarter 2016	$	0.25	January 1, 2016 to March 31, 2016	March 25, 2016

Activity of restricted stock awards

The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2016:

	Units		Weighted Average Grant Date Fair Value
Nonvested at January 1, 2016	174,744		$27.11
Granted	—		$0.00
Vested	(1,473	)	$23.24
Forfeited	—		$0.00
Nonvested at March 31, 2016	173,271		$28.20

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,
	2016			2015
NUMERATOR
Net income from operations	$	10,721		$	11,379
Less: Net income attributable to restricted shares	(43		)	(43		)
Less: Income from operations attributable to unitholders in the Operating Partnership	(3,027		)	(3,309		)
Net income attributable to common stockholders—basic	$	7,651		$	8,027
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic	$	7,651		$	8,027
Plus: Income from operations attributable to unitholders in the Operating Partnership	3,027			3,309
Net income attributable to common stockholders—diluted	$	10,678		$	11,336
DENOMINATOR
Weighted average common shares outstanding—basic	45,233,873			43,419,762
Effect of dilutive securities—conversion of Operating Partnership units	17,899,516			17,901,685
Weighted average common shares outstanding—diluted	63,133,389			61,321,447
Earnings per common share, basic	$	0.17		$	0.18
Earnings per common share, diluted	$	0.17		$	0.18