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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUE:      
Rental income $ 279,498 $ 261,887 $ 246,078
Other property income 15,590 13,736 13,922
Total revenue 295,088 275,623 260,000
EXPENSES:      
Rental expenses 79,553 73,187 68,267
Real estate taxes 28,378 24,819 22,964
General and administrative 17,897 20,074 18,532
Depreciation and amortization 71,319 63,392 66,568
Total operating expenses 197,147 181,472 176,331
Operating income (loss) 97,941 94,151 83,669
Interest expense (51,936) (47,260) (52,965)
Gain on sale of real estate 0 7,121 0
Other income (expense), net (368) (97) 441
Net income 45,637 53,915 31,145
Net income attributable to restricted shares (189) (168) (374)
Net income attributable to unitholders in the Operating Partnership (12,863) (15,238) (9,015)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 32,585 $ 38,509 $ 21,756
EARNINGS PER COMMON SHARE, BASIC      
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.72 $ 0.87 $ 0.52
Weighted average shares of common stock outstanding-basic (in shares) 45,332,471 44,439,112 42,041,126
EARNINGS PER COMMON SHARE, DILUTED      
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.72 $ 0.86 $ 0.51
Weighted average shares of common stock outstanding-diluted (in shares) 63,228,159 62,339,163 59,947,474
COMPREHENSIVE INCOME      
Net income $ 45,637 $ 53,915 $ 31,145
Reclassification of amortization of forward starting swap included in interest expense (231) (231) (39)
Comprehensive income 62,454 53,446 31,275
Comprehensive income attributable to non-controlling interest (17,624) (15,119) (9,053)
Comprehensive income attributable to American Assets Trust, Inc. 44,830 38,327 22,222
American Assets Trust, L.P.      
REVENUE:      
Rental income 279,498 261,887 246,078
Other property income 15,590 13,736 13,922
Total revenue 295,088 275,623 260,000
EXPENSES:      
Rental expenses 79,553 73,187 68,267
Real estate taxes 28,378 24,819 22,964
General and administrative 17,897 20,074 18,532
Depreciation and amortization 71,319 63,392 66,568
Total operating expenses 197,147 181,472 176,331
Operating income (loss) 97,941 94,151 83,669
Interest expense (51,936) (47,260) (52,965)
Gain on sale of real estate 0 7,121 0
Other income (expense), net (368) (97) 441
Net income 45,637 53,915 31,145
Net income attributable to restricted shares (189) (168) (374)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 45,448 $ 53,747 $ 30,771
EARNINGS PER COMMON SHARE, BASIC      
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.72 $ 0.86 $ 0.51
Weighted average shares of common stock outstanding-basic (in shares) 63,228,159 62,339,163 59,947,474
EARNINGS PER COMMON SHARE, DILUTED      
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.72 $ 0.86 $ 0.51
Weighted average shares of common stock outstanding-diluted (in shares) 63,228,159 62,339,163 59,947,474
DISTRIBUTIONS PER UNIT (in dollars per share) $ 1.01 $ 0.9475 $ 0.8925
COMPREHENSIVE INCOME      
Net income $ 45,637 $ 53,915 $ 31,145
Reclassification of amortization of forward starting swap included in interest expense (231) (231) (39)
Comprehensive income 62,454 53,446 31,275
American Assets Trust, L.P. | Limited Partner      
EXPENSES:      
Net income [1] 12,863 15,238 9,015
COMPREHENSIVE INCOME      
Net income [1] 12,863 15,238 9,015
Comprehensive income attributable to American Assets Trust, Inc. (17,624) (15,119) (9,053)
American Assets Trust, L.P. | General Partner      
EXPENSES:      
Net income [2] 32,774 38,677 22,130
COMPREHENSIVE INCOME      
Net income [2] 32,774 38,677 22,130
Comprehensive income attributable to American Assets Trust, Inc. 44,830 38,327 22,222
Swap      
COMPREHENSIVE INCOME      
Other comprehensive gain (loss) - unrealized gain (loss) on swap derivative during the period 17,048 (238) (1,448)
Swap | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive gain (loss) - unrealized gain (loss) on swap derivative during the period 17,048 (238) (1,448)
Forward Contracts      
COMPREHENSIVE INCOME      
Other comprehensive gain (loss) - unrealized gain (loss) on swap derivative during the period 0 0 1,617
Forward Contracts | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive gain (loss) - unrealized gain (loss) on swap derivative during the period $ 0 $ 0 $ 1,617
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general and limited partnership interests held by American Assets Trust, Inc.