EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)

3 Months Ended

Mar. 31, 2018

Dividends declared and paid on shares of common stock and noncontrolling common units

The following table lists the dividends declared and paid on our shares of common stock and noncontrolling common units during the three months ended March 31, 2018:



Period	Amount per Share/Unit		Period Covered	Dividend Paid Date
First Quarter 2018	$	0.27	January 1, 2018 to March 31, 2018	March 29, 2018

Activity of restricted stock awards

The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2018:



	Units		Weighted Average Grant Date Fair Value
Nonvested at January 1, 2018	268,768		$29.89
Granted	—		—
Vested	—		—
Forfeited	(1,104	)	$29.71
Nonvested at March 31, 2018	267,664		$29.89

Computation of basic and diluted EPS

The computation of basic and diluted EPS is presented below (dollars in thousands, except share and per share amounts):



	Three Months Ended March 31,
	2018			2017
NUMERATOR
Net (loss) income from operations	$	(691	)	$	10,308
Less: Net loss (income) attributable to restricted shares	72			(60		)
Less: Loss (income) from operations attributable to unitholders in the Operating Partnership	166			(2,861		)
(Loss) income from continuing operations attributable to American Assets Trust, Inc. common stockholders—basic	(453		)	7,387
Net (loss) income attributable to common stockholders—basic	$	(453	)	$	7,387
(Loss) income from operations attributable to American Assets Trust, Inc. common stockholders—basic	$	(453	)	$	7,387
Plus: Income from operations attributable to unitholders in the Operating Partnership	—			2,861
(Loss) income from continuing operations attributable to common stockholders—diluted	(453		)	10,248
Net (loss) income attributable to common stockholders—diluted	$	(453	)	$	10,248
DENOMINATOR
Weighted average common shares outstanding—basic	46,935,820			46,173,788
Effect of dilutive securities—conversion of Operating Partnership units	—			17,888,822
Weighted average common shares outstanding—diluted	46,935,820			64,062,610

(Loss) earnings per common share, basic	$	(0.01	)	$	0.16
(Loss) earnings per common share, diluted	$	(0.01	)	$	0.16