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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Schedule of Common Stock Sales through ATM Equity Programs During the three and nine months ended September 30, 2019, the following shares of common stock were sold through the ATM equity programs (in thousands, except per share data and share amounts):
 
Three Months Ended September 30, 2019
 
Nine Months Ended September 30, 2019
Number of shares of common stock issued through ATM programs
234,814
 
916,727
Weighted average price per share
$47.23
 
$45.99
 
 
 
 
Proceeds, gross
$
11,089

 
$
42,161

Sales agent compensation
(111
)
 
(422
)
Offering costs
(58
)
 
(430
)
Proceeds, net
$
10,920

 
$
41,309
Dividends declared and paid on shares of common stock and noncontrolling common units
The following table lists the dividends declared and paid on our shares of common stock and noncontrolling common units during the nine months ended September 30, 2019: 
Period
 
Amount per
Share/Unit
 
Period Covered
 
Dividend Paid Date
First Quarter 2019
 
$
0.28

 
January 1, 2019 to March 31, 2019
 
March 28, 2019
Second Quarter 2019
 
$
0.28

 
April 1, 2019 to June 30, 2019
 
June 27, 2019
Third Quarter 2019
 
$
0.28

 
July 1, 2019 to September 30, 2019
 
September 26, 2019
Activity of restricted stock awards
The following table summarizes the activity of restricted stock awards during the nine months ended September 30, 2019:
 
Units
 
Weighted Average Grant Date Fair Value
Nonvested at January 1, 2019
342,093

 
$28.33
Granted
4,412

 
45.35

Vested
(5,320
)
 
37.58

Forfeited
(11,636
)
 
$28.33
Nonvested at September 30, 2019
329,549

 
$28.41
Computation of basic and diluted EPS
The computation of basic and diluted EPS is presented below (dollars in thousands, except share and per share amounts): 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
NUMERATOR
 
 
 
 
 
 
 
Net income
$
16,519

 
$
14,271

 
$
43,703

 
$
17,993

Less: Net income attributable to restricted shares
(92
)
 
(71
)
 
(277
)
 
(215
)
Less: Income from operations attributable to unitholders in the Operating Partnership
(3,565
)
 
(3,806
)
 
(10,553
)
 
(4,765
)
Net income attributable to common stockholders—basic
$
12,862

 
$
10,394

 
$
32,873

 
$
13,013

Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$
12,862

 
$
10,394

 
$
32,873

 
$
13,013

Plus: Income from operations attributable to unitholders in the Operating Partnership
3,565

 
3,806

 
10,553

 
4,765

Net income attributable to common stockholders—diluted
$
16,427

 
$
14,200

 
$
43,426

 
$
17,778

DENOMINATOR
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
59,441,887

 
46,959,752

 
52,239,668

 
46,945,095

Effect of dilutive securities—conversion of Operating Partnership units
16,390,548

 
17,177,608

 
16,771,104

 
17,188,489

Weighted average common shares outstanding—diluted
75,832,435

 
64,137,360

 
69,010,772

 
64,133,584

 
 
 
 
 
 
 
 
Earnings per common share, basic
$
0.22

 
$
0.22

 
$
0.63

 
$
0.28

Earnings per common share, diluted
$
0.22

 
$
0.22

 
$
0.63

 
$
0.28