XML 15 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Operating real estate $ 2,525,628 $ 2,241,061
Construction in progress 66,218 50,498
Held for development 9,391 9,447
Total Real estate, at cost 2,601,237 2,301,006
Accumulated depreciation (519,391) (469,460)
Net real estate 2,081,846 1,831,546
Cash and cash equivalents 94,207 44,801
Restricted cash 10,124 9,950
Accounts receivable, net 8,649 9,330
Deferred rent receivables, net 38,614 38,452
Other assets, net 42,178 52,854
TOTAL ASSETS 2,275,618 1,986,933
LIABILITIES AND EQUITY    
Secured notes payable, net 279,867 445,180
Unsecured notes payable, net 1,044,934 596,350
Unsecured line of credit 0 20,000
Accounts payable and accrued expenses 48,107 32,401
Security deposits payable 6,736 6,114
Other liabilities and deferred credits, net 47,423 48,337
Total liabilities 1,427,067 1,148,382
Commitments and contingencies (Note 12)
American Assets Trust, Inc. stockholders’ equity    
Common stock, $0.01 par value, 490,000,000 shares authorized, 47,130,063 and 45,732,109 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 471 457
Additional paid-in capital 917,334 874,597
Accumulated dividends in excess of net income (91,695) (77,296)
Accumulated other comprehensive income 10,350 11,798
Total American Assets Trust, Inc. stockholders’ equity 836,460 809,556
Noncontrolling interests 12,091 28,995
Total equity 848,551 838,551
CAPITAL:    
TOTAL LIABILITIES AND EQUITY 2,275,618 1,986,933
American Assets Trust, L.P.    
ASSETS    
Operating real estate 2,525,628 2,241,061
Construction in progress 66,218 50,498
Held for development 9,391 9,447
Total Real estate, at cost 2,601,237 2,301,006
Accumulated depreciation (519,391) (469,460)
Net real estate 2,081,846 1,831,546
Cash and cash equivalents 94,207 44,801
Restricted cash 10,124 9,950
Accounts receivable, net 8,649 9,330
Deferred rent receivables, net 38,614 38,452
Other assets, net 42,178 52,854
TOTAL ASSETS 2,275,618 1,986,933
LIABILITIES AND EQUITY    
Secured notes payable, net 279,867 445,180
Unsecured notes payable, net 1,044,934 596,350
Unsecured line of credit 0 20,000
Accounts payable and accrued expenses 48,107 32,401
Security deposits payable 6,736 6,114
Other liabilities and deferred credits, net 47,423 48,337
Total liabilities 1,427,067 1,148,382
Commitments and contingencies (Note 12)
American Assets Trust, Inc. stockholders’ equity    
Accumulated other comprehensive income 14,257 16,478
CAPITAL:    
Limited partners' capital, 17,194,980 and 17,888,822 units issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 8,184 24,315
General partner's capital, 47,130,063 and 45,732,109 units issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 826,110 797,758
Total capital 848,551 838,551
TOTAL LIABILITIES AND EQUITY $ 2,275,618 $ 1,986,933