XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Operating real estate $ 2,226,437 $ 2,163,444
Construction in progress 52,139 73,121
Held for development 9,447 9,463
Total Real estate, at cost 2,288,023 2,246,028
Accumulated depreciation (454,503) (411,166)
Net real estate 1,833,520 1,834,862
Cash and cash equivalents 61,959 39,925
Restricted cash 10,246 11,623
Accounts receivable, net 8,604 7,518
Deferred rent receivables, net 38,283 38,422
Other assets, net 36,616 41,939
TOTAL ASSETS 1,989,228 1,974,289
LIABILITIES AND EQUITY    
Secured notes payable, net 467,866 579,000
Unsecured notes payable, net 596,008 446,613
Unsecured line of credit 0 30,000
Accounts payable and accrued expenses 42,607 31,821
Security deposits payable 6,098 5,956
Other liabilities and deferred credits, net 62,137 51,972
Total liabilities 1,174,716 1,145,362
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Common stock, $0.01 par value, 490,000,000 shares authorized, 45,640,980 and 45,407,719 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 456 454
Additional paid-in capital 874,859 863,432
Accumulated dividends in excess of net income (74,328) (64,066)
Accumulated other comprehensive loss (8,583) (258)
Total American Assets Trust, Inc. stockholders’ equity 792,404 799,562
Noncontrolling interests 22,108 29,365
Total equity 814,512 828,927
Partners' Capital [Abstract]    
TOTAL LIABILITIES AND EQUITY 1,989,228 1,974,289
American Assets Trust, L.P.    
ASSETS    
Operating real estate 2,226,437 2,163,444
Construction in progress 52,139 73,121
Held for development 9,447 9,463
Total Real estate, at cost 2,288,023 2,246,028
Accumulated depreciation (454,503) (411,166)
Net real estate 1,833,520 1,834,862
Cash and cash equivalents 61,959 39,925
Restricted cash 10,246 11,623
Accounts receivable, net 8,604 7,518
Deferred rent receivables, net 38,283 38,422
Other assets, net 36,616 41,939
TOTAL ASSETS 1,989,228 1,974,289
LIABILITIES AND EQUITY    
Secured notes payable, net 467,866 579,000
Unsecured notes payable, net 596,008 446,613
Unsecured line of credit 0 30,000
Accounts payable and accrued expenses 42,607 31,821
Security deposits payable 6,098 5,956
Other liabilities and deferred credits, net 62,137 51,972
Total liabilities 1,174,716 1,145,362
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Accumulated other comprehensive loss (11,955) (339)
Partners' Capital [Abstract]    
Limited partners' capital, 17,888,822 and 17,899,516 units issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 25,480 29,446
General partner's capital, 45,640,980 and 45,407,719 units issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 800,987 799,820
Total capital 814,512 828,927
TOTAL LIABILITIES AND EQUITY $ 1,989,228 $ 1,974,289