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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUE:    
Rental income $ 70,040 $ 67,245
Other property income 3,752 3,486
Total revenue 73,792 70,731
EXPENSES:    
Rental expenses 19,859 18,453
Real estate taxes 7,536 6,633
General and administrative 5,082 4,549
Depreciation and amortization 17,986 17,453
Total operating expenses 50,463 47,088
OPERATING INCOME 23,329 23,643
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
EARNINGS PER COMMON SHARE    
Earnings per common share, basic (in USD per share) $ 0.16 $ 0.17
Weighted average shares of common stock outstanding-basic (in shares) 46,173,788 45,233,873
EARNINGS PER COMMON SHARE, DILUTED    
Earnings per common share, diluted (in USD per share) $ 0.16 $ 0.17
Weighted average shares of common stock outstanding-diluted (in shares) 64,062,610 63,133,389
Dividends declared per common share (in USD per share) $ 0.26 $ 0.25
COMPREHENSIVE INCOME    
Other comprehensive income (loss) - unrealized (loss) on swap derivative during the period $ (996) $ (3,969)
Reclassification of amortization of forward-starting swap included in interest expense (145) (57)
Comprehensive income 9,167 6,695
Comprehensive income attributable to non-controlling interest (2,484) (1,886)
Comprehensive income attributable to American Assets Trust, Inc. 6,683 4,809
American Assets Trust, L.P.    
REVENUE:    
Rental income 70,040 67,245
Other property income 3,752 3,486
Total revenue 73,792 70,731
EXPENSES:    
Rental expenses 19,859 18,453
Real estate taxes 7,536 6,633
General and administrative 5,082 4,549
Depreciation and amortization 17,986 17,453
Total operating expenses 50,463 47,088
OPERATING INCOME 23,329 23,643
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 AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 10,248 $ 10,678
EARNINGS PER COMMON SHARE    
Earnings per common share, basic (in USD per share) $ 0.16 $ 0.17
Weighted average shares of common stock outstanding-basic (in shares) 64,062,610 63,133,389
EARNINGS PER COMMON SHARE, DILUTED    
Earnings per common share, diluted (in USD per share) $ 0.16 $ 0.17
Weighted average shares of common stock outstanding-diluted (in shares) 64,062,610 63,133,389
Distributions per unit (in USD per share) $ 0.26 $ 0.25
COMPREHENSIVE INCOME    
Other comprehensive income (loss) - unrealized (loss) on swap derivative during the period $ (996) $ (3,969)
Reclassification of amortization of forward-starting swap included in interest expense (145) (57)
Comprehensive income 9,167 6,695
Limited Partner | American Assets Trust, L.P.    
EXPENSES:    
NET INCOME [1] 2,861  
COMPREHENSIVE INCOME    
Comprehensive income attributable to American Assets Trust, Inc. (2,484) (1,886)
General Partner | American Assets Trust, L.P.    
EXPENSES:    
NET INCOME [2] 7,447  
COMPREHENSIVE INCOME    
Comprehensive income attributable to American Assets Trust, Inc. 6,683 $ 4,809
Swap    
COMPREHENSIVE INCOME    
Other comprehensive income (loss) - unrealized (loss) on swap derivative during the period (11,426)  
Swap | American Assets Trust, L.P.    
COMPREHENSIVE INCOME    
Other comprehensive income (loss) - unrealized (loss) on swap derivative during the period $ (11,426)  
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.