EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)

9 Months Ended

Sep. 30, 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 nine months ended September 30, 2020: 

Period	Amount per Share/Unit		Period Covered	Dividend Paid Date
First Quarter 2020	$	0.30	January 1, 2020 to March 31, 2020	March 26, 2020
Second Quarter 2020	$	0.20	April 1, 2020 to June 30, 2020	June 25, 2020
Third Quarter 2020	$	0.25	July 1, 2019 to September 30, 2019	September 24, 2020

Activity of restricted stock awards

The following table summarizes the activity of restricted stock awards during the nine months ended September 30, 2020:

	Units	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2020	345,153	$28.75
Granted	6,008	33.29
Vested	(4,412)	45.35
Forfeited	(318)	29.58
Nonvested at September 30, 2020	346,431	$28.62

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,
	2020		2019		2020		2019
NUMERATOR
Net income	$	6,490	$	16,519	$	31,800	$	43,703
Less: Net income attributable to restricted shares	(87)		(92)		(260)		(277)
Less: Income from operations attributable to unitholders in the Operating Partnership	(1,365)		(3,565)		(6,778)		(10,553)
Net income attributable to common stockholders—basic	$	5,038	$	12,862	$	24,762	$	32,873
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic	$	5,038	$	12,862	$	24,762	$	32,873
Plus: Income from operations attributable to unitholders in the Operating Partnership	1,365		3,565		6,778		10,553
Net income attributable to common stockholders—diluted	$	6,403	$	16,427	$	31,540	$	43,426
DENOMINATOR
Weighted average common shares outstanding—basic	59,825,174		59,441,887		59,757,709		52,239,668
Effect of dilutive securities—conversion of Operating Partnership units	16,292,858		16,390,548		16,357,747		16,771,104
Weighted average common shares outstanding—diluted	76,118,032		75,832,435		76,115,456		69,010,772
Earnings per common share, basic	$	0.08	$	0.22	$	0.41	$	0.63
Earnings per common share, diluted	$	0.08	$	0.22	$	0.41	$	0.63