XML 80 R61.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt Summary of Total Unsecured Notes Payable Outstanding (Details)
$ in Thousands
12 Months Ended
Jun. 23, 2017
USD ($)
May 31, 2017
May 11, 2017
USD ($)
Apr. 25, 2017
Jan. 18, 2017
USD ($)
May 02, 2016
Apr. 07, 2016
Mar. 29, 2016
Mar. 23, 2016
Mar. 01, 2016
Jan. 29, 2016
Dec. 31, 2017
USD ($)
Extension_Option
Jul. 19, 2017
May 23, 2017
Mar. 01, 2017
Dec. 31, 2016
USD ($)
Jan. 09, 2014
USD ($)
Debt Instrument [Line Items]                                  
Unsecured notes payable                       $ 1,045,470       $ 596,350  
American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Unsecured notes payable                       $ 1,045,470       596,350  
American Assets Trust, L.P. | Interest Rate Swap                                  
Debt Instrument [Line Items]                                  
Fixed interest rate on derivative                       3.08%          
Term of derivative contract   7 years   10 years     10 years 10 years       7 years          
American Assets Trust, L.P. | Forward Contracts                                  
Debt Instrument [Line Items]                                  
Term of derivative contract                       1 month          
Gain on derivatives     $ 700   $ 10,400             $ 1,600          
Loss on derivatives $ 500                                
Effective interest rate (percent)                       3.88%          
Term Loan A | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Unsecured notes payable                                 $ 100,000
Number of extensions available | Extension_Option                       3          
Extension term (in months)                       12 months          
Term Loan B | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Stated Maturity Date                   Mar. 01, 2023 Mar. 01, 2023            
Term Loan B | American Assets Trust, L.P. | Interest Rate Swap                                  
Debt Instrument [Line Items]                                  
Fixed interest rate on derivative                       3.15%          
Term Loan C | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Stated Maturity Date           Mar. 01, 2023     Mar. 01, 2023                
Term Loan C | American Assets Trust, L.P. | Interest Rate Swap                                  
Debt Instrument [Line Items]                                  
Fixed interest rate on derivative                       3.14%          
Senior Guaranteed Notes, Series F | American Assets Trust, L.P. | Forward Contracts                                  
Debt Instrument [Line Items]                                  
Effective interest rate (percent)                       3.85%          
Senior Guaranteed Notes, Series D | American Assets Trust, L.P. | Forward Contracts                                  
Debt Instrument [Line Items]                                  
Effective interest rate (percent)                       3.87%          
Senior Guaranteed Notes, Series E | American Assets Trust, L.P. | Forward Contracts                                  
Debt Instrument [Line Items]                                  
Effective interest rate (percent)                       4.18%          
Unsecured debt | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 1,050,000       600,000  
Debt issuance costs, net                       (4,530)       (3,650)  
Unsecured notes payable                       1,045,470       596,350  
Debt issuance costs, accumulated amortization                       5,866       4,317  
Unsecured debt | Term Loan A | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 100,000       100,000  
Stated Maturity Date [1]                       Jan. 09, 2019          
Unsecured debt | Senior Guaranteed Notes, Series A | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 150,000       150,000  
Stated Interest Rate [2]                       4.04%          
Stated Maturity Date                       Oct. 31, 2021          
Unsecured debt | Term Loan B | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 100,000       100,000  
Stated Maturity Date                       Mar. 01, 2023          
Unsecured debt | Term Loan C | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 50,000       50,000  
Stated Maturity Date                       Mar. 01, 2023          
Unsecured debt | Senior Guaranteed Notes, Series F | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 100,000       0  
Stated Interest Rate                       3.78% 3.78%        
Stated Maturity Date                       Jul. 19, 2024          
Unsecured debt | Senior Guaranteed Notes, Series B | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 100,000       100,000  
Stated Interest Rate                       4.45%          
Stated Maturity Date                       Feb. 02, 2025          
Unsecured debt | Senior Guaranteed Notes, Series C | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 100,000       100,000  
Stated Interest Rate                       4.50%          
Stated Maturity Date                       Apr. 01, 2025          
Unsecured debt | Senior Guaranteed Notes, Series D | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 250,000       0  
Stated Interest Rate                       4.29%     4.29%    
Stated Maturity Date                       Mar. 01, 2027          
Unsecured debt | Senior Guaranteed Notes, Series E | American Assets Trust, L.P.                                  
Debt Instrument [Line Items]                                  
Long-term debt                       $ 100,000       $ 0  
Stated Interest Rate                       4.24% [3]   4.24%      
Stated Maturity Date                       May 23, 2029          
[1] The Operating Partnership's Term Loan had an original maturity date of January 9, 2016 with an option to extend the Term Loan up to three times, with each such extension for a 12-month period, which we plan to exercise. The foregoing extension options are exercisable by the Operating Partnership subject to the satisfaction of certain conditions. On January 8, 2016, the Operating Partnership exercised the first of three options to extend the maturity date of the Term Loan to January 9, 2017. Effective as of January 9, 2017, the Operating Partnership exercised the second of three options to extend the maturity date of the Term Loan to January 9, 2018.
[2] The company entered into a one-month forward-starting seven-year swap contract on August 19, 2014, which was settled on September 19, 2014 at a gain of approximately $1.6 million (see Note 8). The forward-starting seven-year swap contract was deemed to be a highly effective cash flow hedge, accordingly, the effective interest rate is approximately 3.88% per annum.
[3] The Operating Partnership entered into a treasury lock contract on April 25, 2017, which was settled on May 11, 2017 at a gain of approximately $0.7 million. The treasury lock contract was deemed to be a highly effective cash flow hedge, accordingly, the effective interest rate is approximately 4.18% per annum.