Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of segments operating activity

The following table represents operating activity within our reportable segments (in thousands):

	Year Ended December 31,
	2018			2017			2016
Total Retail
Property revenue	$	105,552		$	103,968		$	100,982
Property expense	(30,078		)	(28,524		)	(27,934		)
Segment profit	75,474			75,444			73,048
Total Office
Property revenue	112,362			105,694			103,254
Property expense	(33,860		)	(33,120		)	(31,839		)
Segment profit	78,502			72,574			71,415
Total Multifamily
Property revenue	50,627			43,533			29,188
Property expense	(20,441		)	(17,898		)	(12,498		)
Segment profit	30,186			25,635			16,690
Total Mixed-Use
Property revenue	62,326			61,788			61,664
Property expense	(37,076		)	(37,135		)	(35,660		)
Segment profit	25,250			24,653			26,004
Total segments’ profit	$	209,412		$	198,306		$	187,157

Reconciliation of segment profit to net income attributable to stockholders

The following table is a reconciliation of segment profit to net income attributable to stockholders (in thousands):

	Year Ended December 31,
	2018			2017			2016
Total segments' profit	$	209,412		$	198,306		$	187,157
General and administrative	(22,784		)	(21,382		)	(17,897		)
Depreciation and amortization	(107,093		)	(83,278		)	(71,319		)
Interest expense	(52,248		)	(53,848		)	(51,936		)
Other income (expense), net	(85		)	334			(368		)
Net income	27,202			40,132			45,637
Net income attributable to restricted shares	(311		)	(241		)	(189		)
Net income attributable to unitholders in the Operating Partnership	(7,205		)	(10,814		)	(12,863		)
Net income attributable to American Assets Trust, Inc. stockholders	$	19,686		$	29,077		$	32,585

Net Real Estate and Secured note payable balances by Segments

The following table shows net real estate and secured note payable balances for each of the segments, along with their capital expenditures for each year (in thousands):

	December 31, 2018		December 31, 2017
Net real estate
Retail	$	628,734	$	658,654
Office	822,574		813,121
Multifamily	412,042		424,044
Mixed-Use	176,503		180,888
	$	2,039,853	$	2,076,707
Secured Notes Payable(1)
Retail	$	35,008	$	35,737
Office	147,757		170,408
Multifamily	—		73,744
Mixed-Use	—		—
	$	182,765	$	279,889
Capital Expenditures (2)
Retail	$	14,219	$	10,412
Office	45,192		35,023
Multifamily	3,659		6,318
Mixed-Use	1,277		670
	$	64,347	$	52,423

(1) Excludes unamortized debt issuance costs of $0.2 million and $0.3 million as of December 31, 2018 and 2017, respectively.

(2) Capital expenditures represent cash paid for capital expenditures during the year and includes leasing commissions paid.