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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUE:      
Rental income $ 343,865 $ 309,537 $ 298,803
Other property income 22,876 21,330 16,180
Total revenue 366,741 330,867 314,983
EXPENSES:      
Rental expenses 91,967 86,482 84,006
Real estate taxes 40,013 34,973 32,671
General and administrative 24,871 22,784 21,382
Depreciation and amortization 96,205 107,093 83,278
Total operating expenses 253,056 251,332 221,337
Operating income (loss) 113,685 79,535 93,646
Interest expense (54,008) (52,248) (53,848)
Gain on sale of real estate 633 0 0
Other income (expense), net (122) (85) 334
Net income 60,188 27,202 40,132
Net income attributable to restricted shares (381) (311) (241)
Net income attributable to unitholders in the Operating Partnership (14,089) (7,205) (10,814)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 45,718 $ 19,686 $ 29,077
EARNINGS PER COMMON SHARE, BASIC      
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.84 $ 0.42 $ 0.62
Weighted average shares of common stock outstanding-basic (in shares) 54,110,949 46,950,812 46,715,520
EARNINGS PER COMMON SHARE, DILUTED      
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.84 $ 0.42 $ 0.62
Weighted average shares of common stock outstanding-diluted (in shares) 70,786,132 64,136,559 64,087,250
COMPREHENSIVE INCOME      
Net income $ 60,188 $ 27,202 $ 40,132
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivative during the period (5,571) 120 386
Reclassification of amortization of forward starting swap included in interest expense (1,304) (1,279) (1,114)
Comprehensive income 53,313 26,043 39,404
Comprehensive income attributable to noncontrolling interest (12,301) (6,877) (10,433)
Comprehensive income attributable to American Assets Trust, Inc. 41,012 19,166 28,971
American Assets Trust, L.P.      
REVENUE:      
Rental income 343,865 309,537 298,803
Other property income 22,876 21,330 16,180
Total revenue 366,741 330,867 314,983
EXPENSES:      
Rental expenses 91,967 86,482 84,006
Real estate taxes 40,013 34,973 32,671
General and administrative 24,871 22,784 21,382
Depreciation and amortization 96,205 107,093 83,278
Total operating expenses 253,056 251,332 221,337
Operating income (loss) 113,685 79,535 93,646
Interest expense (54,008) (52,248) (53,848)
Gain on sale of real estate 633 0 0
Other income (expense), net (122) (85) 334
Net income 60,188 27,202 40,132
Net income attributable to restricted shares (381) (311) (241)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 59,807 $ 26,891 $ 39,891
EARNINGS PER COMMON SHARE, BASIC      
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.84 $ 0.42 $ 0.62
Weighted average shares of common stock outstanding-basic (in shares) 70,786,132 64,136,559 64,087,250
EARNINGS PER COMMON SHARE, DILUTED      
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.84 $ 0.42 $ 0.62
Weighted average shares of common stock outstanding-diluted (in shares) 70,786,132 64,136,559 64,087,250
DISTRIBUTIONS PER UNIT (in dollars per share) $ 1.14 $ 1.09 $ 1.05
COMPREHENSIVE INCOME      
Net income $ 60,188 $ 27,202 $ 40,132
Reclassification of amortization of forward starting swap included in interest expense (1,304) (1,279) (1,114)
Comprehensive income 53,313 26,043 39,404
American Assets Trust, L.P. | Limited Partner      
EXPENSES:      
Net income 14,089 7,205 [1] 10,814 [1]
COMPREHENSIVE INCOME      
Net income 14,089 7,205 [1] 10,814 [1]
Comprehensive income attributable to American Assets Trust, Inc. (12,301) (6,877) (10,433)
American Assets Trust, L.P. | General Partner      
EXPENSES:      
Net income 46,099 19,997 [2] 29,318 [2]
COMPREHENSIVE INCOME      
Net income 46,099 19,997 [2] 29,318 [2]
Comprehensive income attributable to American Assets Trust, Inc. 41,012 19,166 28,971
Interest Rate Swap | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivative during the period (5,571) 120 386
Swap      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivative during the period (6,084) 120 (10,281)
Swap | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivative during the period (6,084) $ 120 (10,281)
Forward Contracts      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivative during the period 513   10,667
Forward Contracts | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivative during the period $ 513   $ 10,667
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general and limited partnership interests held by American Assets Trust, Inc.