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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Operating real estate $ 2,543,142 $ 2,536,474
Construction in progress 76,502 68,272
Held for development 9,392 9,392
Total Real estate, at cost 2,629,036 2,614,138
Accumulated depreciation (595,042) (537,431)
Net real estate 2,033,994 2,076,707
Cash and cash equivalents 51,326 82,610
Restricted cash 9,385 9,344
Accounts receivable, net 7,118 9,869
Deferred rent receivables, net 39,283 38,973
Other assets, net 44,934 42,361
TOTAL ASSETS 2,186,040 2,259,864
LIABILITIES AND EQUITY    
Secured notes payable, net 205,155 279,550
Unsecured notes payable, net 1,045,406 1,045,470
Unsecured line of credit, net 20,133 0
Accounts payable and accrued expenses 39,666 38,069
Security deposits payable 8,712 6,570
Other liabilities and deferred credits, net 49,333 46,061
Total liabilities 1,368,405 1,415,720
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Common stock, $0.01 par value, 490,000,000 shares authorized, 47,223,809 and 47,204,588 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 473 473
Additional paid-in capital 919,598 919,066
Accumulated dividends in excess of net income (120,008) (97,280)
Accumulated other comprehensive income 13,734 11,451
Total American Assets Trust, Inc. stockholders’ equity 813,797 833,710
Noncontrolling interests 3,838 10,434
Total equity 817,635 844,144
CAPITAL:    
TOTAL LIABILITIES AND EQUITY 2,186,040 2,259,864
American Assets Trust, L.P.    
ASSETS    
Operating real estate 2,543,142 2,536,474
Construction in progress 76,502 68,272
Held for development 9,392 9,392
Total Real estate, at cost 2,629,036 2,614,138
Accumulated depreciation (595,042) (537,431)
Net real estate 2,033,994 2,076,707
Cash and cash equivalents 51,326 82,610
Restricted cash 9,385 9,344
Accounts receivable, net 7,118 9,869
Deferred rent receivables, net 39,283 38,973
Other assets, net 44,934 42,361
TOTAL ASSETS 2,186,040 2,259,864
LIABILITIES AND EQUITY    
Secured notes payable, net 205,155 279,550
Unsecured notes payable, net 1,045,406 1,045,470
Unsecured line of credit, net 20,133 0
Accounts payable and accrued expenses 39,666 38,069
Security deposits payable 8,712 6,570
Other liabilities and deferred credits, net 49,333 46,061
Total liabilities 1,368,405 1,415,720
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Accumulated other comprehensive income 18,847 15,750
CAPITAL:    
Limited partners' capital, 17,177,608 and 17,194,980 units issued and outstanding as of June 30, 2018 and December 31, 2017, respectively (1,275) 6,135
General partner's capital, 47,223,809 and 47,204,588 units issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 800,063 822,259
Total capital 817,635 844,144
TOTAL LIABILITIES AND EQUITY $ 2,186,040 $ 2,259,864