REAL ESTATE (Tables)

9 Months Ended

Sep. 30, 2019

The financial information set forth below summarizes the Company’s purchase price allocation for La Jolla Commons during the nine months ended September 30, 2019 (in thousands):



	La Jolla Commons
Land	$	82,759
Building	361,471
Land improvements	1,359
Furniture, fixtures, and equipment	30,822
Total real estate	476,411
Lease intangibles	40,082
Prepaid expenses and other assets	13
Assets acquired	$	516,506
Accounts payable and accrued expenses	$	3,578
Security deposits payable	443
Other liabilities and deferred credits	3,817
Liabilities assumed	$	7,838

Schedule of Pro Forma Information

The pro forma financial information set forth below is based upon the Company’s historical consolidated statements of

operations for the nine months ended September 30, 2019 and 2018, adjusted to give effect to the acquisition of La Jolla Commons, described above, as if such transaction had been completed on January 1, 2018. 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 2018, nor does it purport to represent the results of future operations (in thousands):



	Nine Months Ended September 30, 2019				Nine Months Ended September 30, 2018
	As Reported		ProForma		As Reported		ProForma
Total revenue	$	267,794	$	283,676	$	248,262	$	276,129
Total operating expenses	$	184,102	$	195,645	$	190,818	$	213,513
Operating income	$	83,692	$	88,031	$	57,444	$	62,616
Net income	$	43,703	$	47,110	$	17,993	$	22,356

Schedule of Acquiree Operating Results since Acquisition Date

The following table summarizes the operating results for La Jolla Commons included in the Company’s historical consolidated statement of comprehensive income and in the Office segment for the period of acquisition through September 30, 2019 (in thousands):



	June 20, 2019 through September 30, 2019
Revenues	$	10,615
Operating expenses	$	10,118
Operating income	$	497
Net income attributable to American Assets Trust, Inc.	$	497