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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUE:    
Rental income $ 76,831 $ 76,201
Other property income 8,488 4,531
Total revenue 85,319 80,732
EXPENSES:    
Rental expenses 20,796 20,420
Real estate taxes 9,046 8,546
General and administrative 6,073 5,567
Depreciation and amortization 20,583 33,279
Total operating expenses 56,498 67,812
OPERATING INCOME 28,821 12,920
Interest expense (13,349) (13,820)
Other (expense) income, net (229) 209
NET INCOME (LOSS) 15,243 (691)
Net (income) loss attributable to restricted shares (93) 72
Net (income) loss attributable to unitholders in the Operating Partnership (4,055) 166
NET INCOME (LOSS) ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 11,095 $ (453)
EARNINGS (LOSS) PER COMMON SHARE    
Earnings per common share, basic (in USD per share) $ 0.24 $ (0.01)
Weighted average shares of common stock outstanding-basic (in shares) 47,004,465 46,935,820
EARNINGS PER COMMON SHARE, DILUTED    
Earnings per common share, diluted (in USD per share) $ 0.24 $ (0.01)
Weighted average shares of common stock outstanding-diluted (in shares) 64,182,073 46,935,820
Dividends declared per common share (in USD per share) $ 0.28 $ 0.27
COMPREHENSIVE INCOME    
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period $ (2,132) $ 2,861
Reclassification of amortization of forward-starting swap included in interest expense (320) (320)
Comprehensive income 12,791 1,850
Comprehensive income attributable to non-controlling interest (3,398) (502)
Comprehensive income attributable to American Assets Trust, Inc. 9,393 1,348
American Assets Trust, L.P.    
REVENUE:    
Rental income 76,831 76,201
Other property income 8,488 4,531
Total revenue 85,319 80,732
EXPENSES:    
Rental expenses 20,796 20,420
Real estate taxes 9,046 8,546
General and administrative 6,073 5,567
Depreciation and amortization 20,583 33,279
Total operating expenses 56,498 67,812
OPERATING INCOME 28,821 12,920
Interest expense (13,349) (13,820)
Other (expense) income, net (229) 209
NET INCOME (LOSS) 15,243 (691)
Net (income) loss attributable to restricted shares (93) 72
NET INCOME (LOSS) ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 15,150 $ (619)
EARNINGS (LOSS) PER COMMON SHARE    
Earnings per common share, basic (in USD per share) $ 0.24 $ (0.01)
Weighted average shares of common stock outstanding-basic (in shares) 64,182,073 64,130,800
EARNINGS PER COMMON SHARE, DILUTED    
Earnings per common share, diluted (in USD per share) $ 0.24 $ (0.01)
Weighted average shares of common stock outstanding-diluted (in shares) 64,182,073 64,130,800
Distributions per unit (in USD per share) $ 0.28 $ 0.27
COMPREHENSIVE INCOME    
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period $ (2,132) $ 2,861
Reclassification of amortization of forward-starting swap included in interest expense (320) (320)
Comprehensive income 12,791 1,850
Limited Partner | American Assets Trust, L.P.    
EXPENSES:    
NET INCOME (LOSS) [1] 4,055 (166)
COMPREHENSIVE INCOME    
Comprehensive income attributable to American Assets Trust, Inc. (3,398) (502)
General Partner | American Assets Trust, L.P.    
EXPENSES:    
NET INCOME (LOSS) [2] 11,188 (525)
COMPREHENSIVE INCOME    
Comprehensive income attributable to American Assets Trust, Inc. $ 9,393 $ 1,348
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.