SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2017

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

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



	Three Months Ended March 31,
	2017			2016
Total segments’ profit	$	46,397		$	45,645
General and administrative	(5,082		)	(4,549		)
Depreciation and amortization	(17,986		)	(17,453		)
Interest expense	(13,331		)	(12,946		)
Other income, net	310			24
Net income	10,308			10,721
Net income attributable to restricted shares	(60		)	(43		)
Net income attributable to unitholders in the Operating Partnership	(2,861		)	(3,027		)
Net income attributable to American Assets Trust, Inc. stockholders	$	7,387		$	7,651

The following table shows net real estate and secured note payable balances for each of the segments (in thousands):


(1)	Excludes unamortized fair market value adjustments and debt issuance costs of $0.5 million and $1.8 million as of March 31, 2017 and December 31, 2016, respectively.

Capital expenditures for each segment for the three months ended March 31, 2017 and 2016 were as follows (in thousands):


(1)	Capital expenditures represent cash paid for capital expenditures during the period and include leasing commissions paid