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Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
American Assets Trust, L.P.
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
American Assets Trust, L.P.
Limited Partner
[1]
American Assets Trust, L.P.
General Partner
Common Shares
Common Shares
American Assets Trust, L.P.
Common Shares
American Assets Trust, L.P.
Limited Partner
Additional Paid-in Capital
Accumulated Dividends in Excess of Net Income
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests - Unitholders in the Operating Partnership
Swap
Swap
American Assets Trust, L.P.
Swap
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
Swap
Accumulated Other Comprehensive Income (Loss)
Swap
Noncontrolling Interests - Unitholders in the Operating Partnership
Forward Contracts
Forward Contracts
American Assets Trust, L.P.
Forward Contracts
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
Forward Contracts
Accumulated Other Comprehensive Income (Loss)
Forward Contracts
Noncontrolling Interests - Unitholders in the Operating Partnership
Beginning Balance (shares) at Dec. 31, 2017           47,204,588                                
Beginning Balance at Dec. 31, 2017 $ 844,144         $ 473     $ 919,066 $ (97,280) $ 11,451 $ 10,434                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income (691) $ (691)   $ (166) $ (525) [2]         (525)   (166)                    
Forfeiture of restricted stock (shares)           (1,104)                                
Dividends declared and paid (17,388)                 (12,745)                        
Dividends declared and paid (noncontrolling interest)                       (4,643)                    
Stock-based compensation 727               727                          
Other comprehensive income - change in value of interest rate swaps                         $ 2,861 $ 2,861 $ 2,861 $ 2,107 $ 754          
Reclassification of amortization of forward-starting swap included in interest expense (320) (320) $ (320)               (234) (86)                    
Ending Balance (shares) at Mar. 31, 2018           47,203,484                                
Ending Balance at Mar. 31, 2018 829,333         $ 473     919,793 (110,550) 13,324 6,293                    
Beginning partners' capital account (shares) at Dec. 31, 2017       17,194,980 47,204,588 [2]                                  
Beginning partners' capital account at Dec. 31, 2017   844,144 15,750 $ 6,135 $ 822,259 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income (691) (691)   (166) $ (525) [2]         (525)   (166)                    
Partners' Capital Account, Restricted Units Forfeiture [2]         (1,104)                                  
Distributions   (17,388)   $ (4,643) $ (12,745) [2]                                  
Stock-based compensation   727     $ 727 [2]                                  
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period                         2,861 2,861 2,861 2,107 754          
Reclassification of amortization of forward-starting swap included in interest expense (320) (320) (320)               (234) (86)                    
Ending partners' capital account (shares) at Mar. 31, 2018       17,194,980 47,203,484 [2]                                  
Ending partners' capital account at Mar. 31, 2018   829,333 18,291 $ 1,326 $ 809,716 [2]                                  
Beginning Balance (shares) at Dec. 31, 2017           47,204,588                                
Beginning Balance at Dec. 31, 2017 844,144         $ 473     919,066 (97,280) 11,451 10,434                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 17,993 17,993                                        
Other comprehensive income - change in value of interest rate swaps                                   $ 0 $ 0      
Reclassification of amortization of forward-starting swap included in interest expense (959) (959)                                        
Ending Balance (shares) at Sep. 30, 2018           47,222,121                                
Ending Balance at Sep. 30, 2018 815,491         $ 473     920,324 (122,293) 13,915 3,072                    
Beginning partners' capital account (shares) at Dec. 31, 2017       17,194,980 47,204,588 [2]                                  
Beginning partners' capital account at Dec. 31, 2017   844,144 15,750 $ 6,135 $ 822,259 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 17,993 17,993                                        
Units withheld for employee taxes 6 6                                        
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period                                   0 0      
Reclassification of amortization of forward-starting swap included in interest expense (959) (959)                                        
Ending partners' capital account (shares) at Sep. 30, 2018       17,177,608 47,222,121 [2]                                  
Ending partners' capital account at Sep. 30, 2018   815,491 19,094 $ (2,107) $ 798,504 [2]                                  
Beginning Balance (shares) at Mar. 31, 2018           47,203,484                                
Beginning Balance at Mar. 31, 2018 829,333         $ 473     919,793 (110,550) 13,324 6,293                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income $ 4,413 4,413   $ 1,125 $ 3,288 [2]         3,288   1,125                    
Issuance of restricted stock (shares) 5,320                                          
Forfeiture of restricted stock (shares)           (2,208)                                
Conversion of operating partnership units (in shares)           17,372                                
Conversion of operating partnership units                 (916)     916                    
Dividends declared and paid $ (17,388)                 (12,746)                        
Dividends declared and paid (noncontrolling interest)                       (4,642)                    
Stock-based compensation $ 727               727                          
Shares withheld for employee taxes (shares) (159)       159                                  
Shares withheld for employee taxes                 (6)                          
Other comprehensive income - change in value of interest rate swaps                         875 875 875 643 232          
Reclassification of amortization of forward-starting swap included in interest expense $ (319) (319) (319)               (233) (86)                    
Ending Balance (shares) at Jun. 30, 2018           47,223,809                                
Ending Balance at Jun. 30, 2018 817,635         $ 473     919,598 (120,008) 13,734 3,838                    
Beginning partners' capital account (shares) at Mar. 31, 2018       17,194,980 47,203,484 [2]                                  
Beginning partners' capital account at Mar. 31, 2018   829,333 18,291 $ 1,326 $ 809,716 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income $ 4,413 4,413   1,125 $ 3,288 [2]         3,288   1,125                    
Issuance of restricted units (shares) [2]         5,320                                  
Partners' Capital Account, Restricted Units Forfeiture [2]         (2,208)                                  
Conversion of operating partnership units (shares)         17,372 [2]     (17,372)                            
Conversion of operating partnership units         $ (916)     $ 916                            
Distributions   (17,388)   $ (4,642) (12,746) [2]                                  
Stock-based compensation   727     $ 727 [2]                                  
Units withheld for employee taxes (shares) (159)       159                                  
Units withheld for employee taxes   (6)     $ (6)                                  
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period                         875 875 875 643 232          
Reclassification of amortization of forward-starting swap included in interest expense $ (319) (319) (319)               (233) (86)                    
Ending partners' capital account (shares) at Jun. 30, 2018       17,177,608 47,223,809 [2]                                  
Ending partners' capital account at Jun. 30, 2018   817,635 18,847 $ (1,275) $ 800,063 [2]                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 14,271 14,271   3,806 10,465 [2]         10,465   3,806                    
Forfeiture of restricted stock (shares)           (1,688)                                
Dividends declared and paid (17,388)                 (12,750)                        
Dividends declared and paid (noncontrolling interest)                       (4,638)                    
Stock-based compensation 726               726                          
Other comprehensive income - change in value of interest rate swaps                         567 567 567 416 151 0 0      
Reclassification of amortization of forward-starting swap included in interest expense (320) (320) (320)               (235) (85)                    
Ending Balance (shares) at Sep. 30, 2018           47,222,121                                
Ending Balance at Sep. 30, 2018 815,491         $ 473     920,324 (122,293) 13,915 3,072                    
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 14,271 14,271   3,806 $ 10,465 [2]         10,465   3,806                    
Partners' Capital Account, Restricted Units Forfeiture [2]         (1,688)                                  
Distributions   (17,388)   $ (4,638) $ (12,750) [2]                                  
Stock-based compensation   726     $ 726 [2]                                  
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period                         567 567 567 416 151 0 0      
Reclassification of amortization of forward-starting swap included in interest expense (320) (320) (320)               (235) (85)                    
Ending partners' capital account (shares) at Sep. 30, 2018       17,177,608 47,222,121 [2]                                  
Ending partners' capital account at Sep. 30, 2018   815,491 19,094 $ (2,107) $ 798,504 [2]                                  
Beginning Balance (shares) at Dec. 31, 2018           47,335,409                                
Beginning Balance at Dec. 31, 2018 802,471         $ 474     920,661 (128,778) 10,620 (506)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 15,243 15,243   $ 4,055 $ 11,188 [2]         11,188   4,055                    
Common shares issued (shares)           162,531                                
Common shares issued 7,034         $ 1     7,033                          
Forfeiture of restricted stock (shares)           (11,046)                                
Forfeiture of restricted stock           $ 0     0                          
Dividends declared and paid (18,061)                 (13,251)                        
Dividends declared and paid (noncontrolling interest)                       (4,810)                    
Stock-based compensation 1,098               1,098                          
Other comprehensive income - change in value of interest rate swaps                         (2,132) (2,132) (2,132) (1,561) (571)          
Reclassification of amortization of forward-starting swap included in interest expense (320) (320) (320)               (234) (86)                    
Ending Balance (shares) at Mar. 31, 2019           47,486,894                                
Ending Balance at Mar. 31, 2019 805,333         $ 475     928,792 (130,841) 8,825 (1,918)                    
Beginning partners' capital account (shares) at Dec. 31, 2018       17,177,608 47,335,409 [2]                                  
Beginning partners' capital account at Dec. 31, 2018   802,471 14,591 $ (4,477) $ 792,357 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 15,243 15,243   4,055 $ 11,188 [2]         11,188   4,055                    
Contributions from American Assets Trust, Inc. (in shares) [2]         162,531                                  
Contributions from American Assets Trust, Inc.   7,034     $ 7,034 [2]                                  
Partners' Capital Account, Restricted Units Forfeiture [2]         (11,046)                                  
Distributions   (18,061)   $ (4,810) $ (13,251) [2]                                  
Stock-based compensation   1,098     $ 1,098 [2]                                  
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period                         (2,132) (2,132) (2,132) (1,561) (571)          
Reclassification of amortization of forward-starting swap included in interest expense (320) (320) (320)               (234) (86)                    
Ending partners' capital account (shares) at Mar. 31, 2019       17,177,608 47,486,894 [2]                                  
Ending partners' capital account at Mar. 31, 2019   805,333 12,139 $ (5,232) $ 798,426 [2]                                  
Beginning Balance (shares) at Dec. 31, 2018           47,335,409                                
Beginning Balance at Dec. 31, 2018 802,471         $ 474     920,661 (128,778) 10,620 (506)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 43,703 43,703                                        
Conversion of operating partnership units (in shares)             787,060                              
Other comprehensive income - change in value of interest rate swaps                                   513 513      
Reclassification of amortization of forward-starting swap included in interest expense (972) (972)                                        
Ending Balance (shares) at Sep. 30, 2019           59,956,972                                
Ending Balance at Sep. 30, 2019 1,298,224         $ 599     1,450,816 (139,307) 5,162 (19,046)                    
Beginning partners' capital account (shares) at Dec. 31, 2018       17,177,608 47,335,409 [2]                                  
Beginning partners' capital account at Dec. 31, 2018   802,471 14,591 $ (4,477) $ 792,357 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 43,703 43,703                                        
Units withheld for employee taxes 0 0                                        
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period                                   513 513      
Reclassification of amortization of forward-starting swap included in interest expense (972) (972)                                        
Ending partners' capital account (shares) at Sep. 30, 2019       16,390,548 59,956,972 [2]                                  
Ending partners' capital account at Sep. 30, 2019   1,298,224 7,015 $ (20,899) $ 1,312,108 [2]                                  
Beginning Balance (shares) at Mar. 31, 2019           47,486,894                                
Beginning Balance at Mar. 31, 2019 805,333         $ 475     928,792 (130,841) 8,825 (1,918)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 11,941 11,941   $ 2,933 $ 9,008 [2]         9,008   2,933                    
Common shares issued (shares)           11,444,382                                
Common shares issued $ 495,980         $ 114     495,866                          
Issuance of restricted stock (shares) 4,412                                          
Conversion of operating partnership units (in shares)           787,060                                
Conversion of operating partnership units           $ 8     12,979   148 (13,135)                    
Dividends declared and paid $ (18,253)                 (13,664)                        
Dividends declared and paid (noncontrolling interest)                       (4,589)                    
Stock-based compensation 1,131               1,131                          
Other comprehensive income - change in value of interest rate swaps                         (3,891) (3,891) (3,891) (2,857) (1,034)          
Reclassification of amortization of forward-starting swap included in interest expense (319) (319) (319)               (240) (79)                    
Ending Balance (shares) at Jun. 30, 2019           59,722,748                                
Ending Balance at Jun. 30, 2019 1,291,922         $ 597     1,438,768 (135,497) 5,876 (17,822)                    
Beginning partners' capital account (shares) at Mar. 31, 2019       17,177,608 47,486,894 [2]                                  
Beginning partners' capital account at Mar. 31, 2019   805,333 12,139 $ (5,232) $ 798,426 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 11,941 11,941   $ 2,933 $ 9,008 [2]         9,008   2,933                    
Contributions from American Assets Trust, Inc. (in shares) [2]         11,444,382                                  
Contributions from American Assets Trust, Inc.   495,980     $ 495,980 [2]                                  
Issuance of restricted units (shares) [2]         4,412                                  
Conversion of operating partnership units (shares)       (787,060) 787,060 [2]                                  
Conversion of operating partnership units       $ (12,987) $ 12,987 [2]                                  
Distributions   (18,253)   $ (4,589) (13,664) [2]                                  
Stock-based compensation   1,131     $ 1,131 [2]                                  
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period                         (3,891) (3,891) (3,891) (2,857) (1,034)          
Reclassification of amortization of forward-starting swap included in interest expense (319) (319) (319)               (240) (79)                    
Ending partners' capital account (shares) at Jun. 30, 2019       16,390,548 59,722,748 [2]                                  
Ending partners' capital account at Jun. 30, 2019   1,291,922 7,929 $ (19,875) $ 1,303,868 [2]                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 16,519 16,519   3,565 12,954 [2]         12,954   3,565                    
Common shares issued (shares)           234,814                                
Common shares issued 10,920         $ 2     10,918                          
Forfeiture of restricted stock (shares)           (590)                                
Forfeiture of restricted stock           $ 0     0                          
Conversion of operating partnership units (in shares)             0                              
Dividends declared and paid (21,353)                 (16,764)                        
Dividends declared and paid (noncontrolling interest)                       (4,589)                    
Stock-based compensation 1,130               1,130                          
Other comprehensive income - change in value of interest rate swaps                         (1,094) (1,094) (1,094) (841) (253) 513 513 $ 513 $ 388 $ 125
Reclassification of amortization of forward-starting swap included in interest expense (333) (333) (333)               (261) (72)                    
Ending Balance (shares) at Sep. 30, 2019           59,956,972                                
Ending Balance at Sep. 30, 2019 1,298,224         $ 599     $ 1,450,816 (139,307) 5,162 (19,046)                    
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 16,519 16,519   3,565 $ 12,954 [2]         $ 12,954   3,565                    
Contributions from American Assets Trust, Inc. (in shares) [2]         234,814                                  
Contributions from American Assets Trust, Inc.   10,920     $ 10,920 [2]                                  
Issuance of restricted units (shares) [2]         0                                  
Partners' Capital Account, Restricted Units Forfeiture [2]         (590)                                  
Distributions   (21,353)   $ (4,589) $ (16,764) [2]                                  
Stock-based compensation   1,130     $ 1,130 [2]                                  
Other comprehensive (loss) income - unrealized (loss) income on swap derivative during the period                         $ (1,094) $ (1,094) $ (1,094) $ (841) $ (253) $ 513 $ 513 $ 513 $ 388 $ 125
Reclassification of amortization of forward-starting swap included in interest expense $ (333) (333) (333)               $ (261) $ (72)                    
Ending partners' capital account (shares) at Sep. 30, 2019       16,390,548 59,956,972 [2]                                  
Ending partners' capital account at Sep. 30, 2019   $ 1,298,224 $ 7,015 $ (20,899) $ 1,312,108 [2]                                  
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.