XML 16 R32.htm IDEA: XBRL DOCUMENT v3.20.1
EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
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 three months ended March 31, 2020: 
PeriodAmount per
Share/Unit		Period CoveredDividend Paid Date
First Quarter 2020$0.30  January 1, 2020 to March 31, 2020March 26, 2020
Activity of restricted stock awards
The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2020:
UnitsWeighted Average Grant Date Fair Value
Nonvested at January 1, 2020345,153  $28.75
Granted—  —  
Vested—  —  
Forfeited—  —  
Nonvested at March 31, 2020345,153  $28.75
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 March 31,
20202019
NUMERATOR
Net income$15,484  $15,243  
Less: Net income attributable to restricted shares(104) (93) 
Less: Income from operations attributable to unitholders in the Operating Partnership
(3,312) (4,055) 
Net income attributable to common stockholders—basic
$12,068  $11,095  
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$12,068  $11,095  
Plus: Income from operations attributable to unitholders in the Operating Partnership
3,312  4,055  
Net income attributable to common stockholders—diluted
$15,380  $15,150  
DENOMINATOR
Weighted average common shares outstanding—basic59,723,072  47,004,465  
Effect of dilutive securities—conversion of Operating Partnership units
16,390,548  17,177,608  
Weighted average common shares outstanding—diluted76,113,620  64,182,073  
Earnings per common share, basic$0.20  $0.24  
Earnings per common share, diluted$0.20  $0.24