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Real Estate (Tables)
 12 Months Ended
Dec. 31, 2018
Real Estate [Line Items]  
Summary of Real Estate Investments
A summary of the properties owned by us is as follows:
Retail
Carmel Country Plaza
Gateway Marketplace
Alamo Quarry Market
Carmel Mountain Plaza
Del Monte Center
Hassalo on Eighth - Retail
South Bay Marketplace
Geary Marketplace
 
Lomas Santa Fe Plaza
The Shops at Kalakaua
 
Solana Beach Towne Centre
Waikele Center
 
Office
Torrey Reserve Campus
First & Main
 
Torrey Point
Lloyd District Portfolio
 
Solana Beach Corporate Centre
City Center Bellevue
 
The Landmark at One Market
 
 
One Beach Street
 
 
Multifamily
Loma Palisades
Hassalo on Eighth - Multifamily
 
Imperial Beach Gardens
 
 
Mariner's Point
 
 
Santa Fe Park RV Resort
 
 
Pacific Ridge Apartments
 
 
Mixed-Use
 
 
Waikiki Beach Walk Retail and Embassy Suites™ Hotel
 
Held for Development and Construction in Progress
Solana Beach Corporate Centre – Land
 
 
Solana Beach – Highway 101 – Land
 
 
Lloyd District Portfolio – Construction in Progress
 
 
A summary of our real estate investments is as follows (in thousands):
 
Retail
 
Office
 
Multifamily
 
Mixed-Use
 
Total
 
December 31, 2018
 
 
 
 
 
 
 
 

 
Land
$
262,860

 
$
143,467

 
$
72,668

 
$
76,635

 
$
555,630

 
Buildings
516,566

 
743,474

 
389,831

 
125,859

 
1,775,730

 
Land improvements
43,412

 
8,825

 
6,778

 
2,606

 
61,621

 
Tenant improvements
70,210

 
91,612

 
—

 
1,918

 
163,740

 
Furniture, fixtures, and equipment
570

 
2,671

 
13,844

 
6,826

 
23,911

 
Construction in progress
8,598

 
39,511

 
854

 
596

 
49,559

(1) 
 
902,216

 
1,029,560

 
483,975

 
214,440

 
2,630,191

 
Accumulated depreciation
(273,482
)
 
(206,986
)
 
(71,933
)
 
(37,937
)
 
(590,338
)
 
Net real estate
$
628,734

 
$
822,574

 
$
412,042

 
$
176,503

 
$
2,039,853

 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
Land
$
262,860

 
$
143,575

 
$
72,668

 
$
76,635

 
$
555,738

 
Buildings
548,062

 
705,999

 
383,210

 
125,859

 
1,763,130

 
Land improvements
42,401

 
9,313

 
6,758

 
2,606

 
61,078

 
Tenant improvements
67,879

 
80,968

 
—

 
1,955

 
150,802

 
Furniture, fixtures, and equipment
372

 
2,085

 
12,377

 
6,429

 
21,263

 
Construction in progress
3,086

 
52,512

 
6,505

 
24

 
62,127

(1) 
 
924,660

 
994,452

 
481,518

 
213,508

 
2,614,138

 
Accumulated depreciation
(266,006
)
 
(181,331
)
 
(57,474
)
 
(32,620
)
 
(537,431
)
 
Net real estate
$
658,654

 
$
813,121

 
$
424,044

 
$
180,888

 
$
2,076,707

 


(1) Land related to held for development and construction in progress is included in the Held for Development and Construction in Progress classifications on the consolidated balance sheets.
Schedule of Purchase Price Allocations
The financial information set forth below summarizes the company’s purchase price allocations for the Pacific Ridge Apartments and Gateway Marketplace during the year ended December 31, 2017 (in thousands):
 
 
Pacific Ridge Apartments
Gateway Marketplace
Land
$
47,971

$
17,363

Building
171,813

19,192

Land improvements
3,403

1,522

Furniture, fixtures, and equipment
3,281

930

Total real estate
226,468

39,007

Lease intangibles
5,592

2,920

Prepaid expenses and other assets
424

—

Assets acquired
$
232,484

$
41,927

Accounts payable and accrued expenses
$
74

$
203

Security deposits payable
673

22

Other liabilities and deferred credits
49

1,034

Liabilities assumed
$
796

$
1,259
Schedule of Operating Results
The following table summarizes the operating results for the Pacific Ridge Apartments and Gateway Marketplace included in the company’s historical consolidated statement of operations for the period of acquisition through December 31, 2017 (in thousands):
 
Pacific Ridge Apartments
Gateway
Marketplace
Total
Revenues
$
10,983

$
1,667

$
12,650

Operating expenses
$
15,238

$
1,082

$
16,320

Operating (loss) income
$
(4,255
)
$
585

$
(3,670
)
Net (loss) income attributable to American Assets Trust, Inc.
$
(4,255
)
$
585

$
(3,670
)
Schedule of Pro Forma Financial Information
The pro forma financial information set forth below is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2016, nor does it purport to represent the results of future operations (in thousands). 
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
 
As Reported
 
ProForma
 
As Reported
 
ProForma
Total revenue
$
314,983

 
$
322,050

 
$
295,088

 
$
312,414

Total operating expenses
$
221,337

 
$
230,796

 
$
197,147

 
$
215,631

Operating income
$
93,646

 
$
91,255

 
$
97,941

 
$
96,783

Net income
$
40,132

 
$
36,433

 
$
45,637

 
$
41,916