Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of segments operating activity

The following table represents operating activity within our reportable segments (in thousands):

	Year Ended December 31,
	2016			2015			2014
Total Retail
Property revenue	$	100,982		$	98,795		$	96,140
Property expense	(27,934		)	(25,672		)	(25,451		)
Segment profit	73,048			73,123			70,689
Total Office
Property revenue	103,254			97,651			92,474
Property expense	(31,839		)	(28,843		)	(27,003		)
Segment profit	71,415			68,808			65,471
Total Multifamily
Property revenue	29,188			19,455			16,976
Property expense	(12,498		)	(8,334		)	(6,099		)
Segment profit	16,690			11,121			10,877
Total Mixed-Use
Property revenue	61,664			59,722			54,410
Property expense	(35,660		)	(35,157		)	(32,678		)
Segment profit	26,004			24,565			21,732
Total segments’ profit	$	187,157		$	177,617		$	168,769

Reconciliation of segment profit to net income attributable to stockholders

The following table is a reconciliation of segment profit to net income attributable to stockholders (in thousands):

	Year Ended December 31,
	2016			2015			2014
Total segments' profit	$	187,157		$	177,617		$	168,769
General and administrative	(17,897		)	(20,074		)	(18,532		)
Depreciation and amortization	(71,319		)	(63,392		)	(66,568		)
Interest expense	(51,936		)	(47,260		)	(52,965		)
Gain on sale of real estate	—			7,121			—
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

Net Real Estate and Secured note payable balances by Segments

The following table shows net real estate and secured note payable balances for each of the segments, along with their capital expenditures for each year (in thousands):

	December 31, 2016		December 31, 2015
Net real estate
Retail	$	629,261	$	638,893
Office	813,414		796,773
Multifamily	203,014		208,730
Mixed-Use	185,857		190,466
	$	1,831,546	$	1,834,862
Secured Notes Payable(1)
Retail	$	36,424	$	60,065
Office	206,550		292,183
Multifamily	73,744		101,444
Mixed-Use	130,310		130,310
	$	447,028	$	584,002
Capital Expenditures (2)
Retail	$	13,371	$	7,393
Office	46,476		49,049
Multifamily	2,463		81,559
Mixed-Use	895		634
	$	63,205	$	138,635

(1) Excludes unamortized fair market value adjustments and debt issuance costs of $1.8 million and $5.0 millionas of December 31, 2016 and 2015, respectively.

(2) Capital expenditures represent cash paid for capital expenditures during the year and includes leasing commissions paid.