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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
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, 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 [1] $ 11,188 [2]         11,188   4,055                    
Common shares issued (shares)           162,531                                
Common shares issued 7,034 7,034       $ 1     7,033                          
Forfeiture of restricted stock (shares)           (11,046)                                
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 loss - 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 [1] 47,335,409 [2]                                  
Beginning partners' capital account at Dec. 31, 2018   802,471 14,591 $ (4,477) [1] $ 792,357 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 15,243 15,243   4,055 [1] $ 11,188 [2]         11,188   4,055                    
Contributions from American Assets Trust, Inc. (in shares)         162,531                                  
Contributions from American Assets Trust, Inc.         $ 7,034                                  
Forfeiture of restricted units [2]         (11,046)                                  
Distributions   (18,061)   $ (4,810) [1] $ (13,251) [2]                                  
Stock-based compensation   1,098     $ 1,098 [2]                                  
Other comprehensive loss - 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 partners' capital account (shares) at Mar. 31, 2019       17,177,608 [1] 47,486,894 [2]                                  
Ending partners' capital account at Mar. 31, 2019   805,333 12,139 $ (5,232) [1] $ 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                                        
Other comprehensive income - unrealized gain on forward-starting 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 [1] 47,335,409 [2]                                  
Beginning partners' capital account at Dec. 31, 2018   802,471 14,591 $ (4,477) [1] $ 792,357 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 43,703 43,703                                        
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 [1] 59,956,972 [2]                                  
Ending partners' capital account at Sep. 30, 2019   1,298,224 7,015 $ (20,899) [1] $ 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 [1] $ 9,008 [2]         9,008   2,933                    
Common shares issued (shares)           11,444,382                                
Common shares issued 495,980 495,980       $ 114     495,866                          
Issuance of restricted stock (shares)         4,412 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 loss - change in value of interest rate swaps                         (3,891) (3,891) (3,891) (2,857) (1,034)          
Other comprehensive income - unrealized gain on forward-starting interest rate swaps                                   513 513      
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 [1] 47,486,894 [2]                                  
Beginning partners' capital account at Mar. 31, 2019   805,333 12,139 $ (5,232) [1] $ 798,426 [2]                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 11,941 11,941   2,933 [1] $ 9,008 [2]         9,008   2,933                    
Contributions from American Assets Trust, Inc. (in shares)         11,444,382                                  
Contributions from American Assets Trust, Inc.         $ 495,980                                  
Issuance of restricted stock (shares)         4,412 4,412                                
Conversion of operating partnership units (shares)         787,060 [2]     (787,060)                            
Conversion of operating partnership units         $ 12,987     $ (12,987)                            
Distributions   (18,253)   $ (4,589) [1] (13,664) [2]                                  
Stock-based compensation   1,131     $ 1,131 [2]                                  
Other comprehensive loss - 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 partners' capital account (shares) at Jun. 30, 2019       16,390,548 [1] 59,722,748 [2]                                  
Ending partners' capital account at Jun. 30, 2019   1,291,922 7,929 $ (19,875) [1] $ 1,303,868 [2]                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 16,519 16,519   3,565 [1] 12,954 [2]         12,954   3,565                    
Common shares issued (shares)           234,814                                
Common shares issued 10,920 10,920       $ 2     10,918                          
Forfeiture of restricted stock (shares)           (590)                                
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 loss - change in value of interest rate swaps                         (1,094) (1,094) (1,094) (841) (253)          
Other comprehensive income - unrealized gain on forward-starting interest rate swaps                                   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 [1] $ 12,954 [2]         12,954   3,565                    
Contributions from American Assets Trust, Inc. (in shares)         234,814                                  
Contributions from American Assets Trust, Inc.         $ 10,920                                  
Forfeiture of restricted units [2]         (590)                                  
Distributions   (21,353)   $ (4,589) [1] $ (16,764) [2]                                  
Stock-based compensation   1,130     $ 1,130 [2]                                  
Other comprehensive loss - change in value of interest rate swaps                         (1,094) (1,094) (1,094) (841) (253)          
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 [1] 59,956,972 [2]                                  
Ending partners' capital account at Sep. 30, 2019   1,298,224 7,015 $ (20,899) [1] $ 1,312,108 [2]                                  
Beginning Balance (shares) at Dec. 31, 2019           60,068,228                                
Beginning Balance at Dec. 31, 2019 1,293,672         $ 601     1,452,014 (144,378) 5,680 (20,245)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 15,484 15,484   $ 3,312 [1] $ 12,172 [2]         12,172   3,312                    
Dividends declared and paid (22,937)                 (18,020)                        
Dividends declared and paid (noncontrolling interest)                       (4,917)                    
Stock-based compensation 1,250               1,250                          
Other comprehensive loss - change in value of interest rate swaps                         (6,115) (6,115) (6,115) (4,816) (1,299)          
Reclassification of amortization of forward-starting swap included in interest expense (333) (333) (333)               (261) (72)                    
Ending Balance (shares) at Mar. 31, 2020           60,068,228                                
Ending Balance at Mar. 31, 2020 1,281,021         $ 601     1,453,264 (150,226) 603 (23,221)                    
Beginning partners' capital account (shares) at Dec. 31, 2019       16,390,548 60,068,228                                  
Beginning partners' capital account at Dec. 31, 2019   1,293,672 7,716 $ (22,281) $ 1,308,237                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 15,484 15,484   3,312 [1] 12,172 [2]         12,172   3,312                    
Distributions   (22,937)   $ (4,917) [1] (18,020) [2]                                  
Stock-based compensation   1,250     $ 1,250 [2]                                  
Other comprehensive loss - change in value of interest rate swaps                         (6,115) (6,115) (6,115) (4,816) (1,299)          
Reclassification of amortization of forward-starting swap included in interest expense (333) (333) (333)               (261) (72)                    
Ending partners' capital account (shares) at Mar. 31, 2020       16,390,548 60,068,228                                  
Ending partners' capital account at Mar. 31, 2020   1,281,021 1,268 $ (23,886) $ 1,303,639                                  
Beginning Balance (shares) at Dec. 31, 2019           60,068,228                                
Beginning Balance at Dec. 31, 2019 1,293,672         $ 601     1,452,014 (144,378) 5,680 (20,245)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 31,800 31,800                                        
Conversion of operating partnership units (in shares)             209,011                              
Other comprehensive income - unrealized gain on forward-starting interest rate swaps                                   0 0      
Reclassification of amortization of forward-starting swap included in interest expense (997) (997)                                        
Ending Balance (shares) at Sep. 30, 2020           60,282,929                                
Ending Balance at Sep. 30, 2020 1,265,982         $ 603     1,443,764 (164,462) 1,034 (14,957)                    
Beginning partners' capital account (shares) at Dec. 31, 2019       16,390,548 60,068,228                                  
Beginning partners' capital account at Dec. 31, 2019   1,293,672 7,716 $ (22,281) $ 1,308,237                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 31,800 31,800                                        
Reclassification of amortization of forward-starting swap included in interest expense (997) (997)                                        
Ending partners' capital account (shares) at Sep. 30, 2020       16,181,537 60,282,929                                  
Ending partners' capital account at Sep. 30, 2020   1,265,982 1,819 $ (15,742) $ 1,279,905                                  
Beginning Balance (shares) at Mar. 31, 2020           60,068,228                                
Beginning Balance at Mar. 31, 2020 1,281,021         $ 601     1,453,264 (150,226) 603 (23,221)                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 9,826 9,826   $ 2,101 $ 7,725         7,725   2,101                    
Issuance of restricted stock (shares)         6,008 6,008                                
Forfeiture of restricted stock (shares)           (318)                                
Dividends declared and paid (15,293)                 (12,015)                        
Dividends declared and paid (noncontrolling interest)                       (3,278)                    
Stock-based compensation 1,252               1,252                          
Other comprehensive loss - change in value of interest rate swaps                         14 14 14 10 4          
Other comprehensive income - unrealized gain on forward-starting interest rate swaps                                   $ 0 $ 0      
Reclassification of amortization of forward-starting swap included in interest expense (332) (332) (332)               (261) (71)                    
Ending Balance (shares) at Jun. 30, 2020           60,073,918                                
Ending Balance at Jun. 30, 2020 1,276,488         $ 601     1,454,516 (154,516) 352 (24,465)                    
Beginning partners' capital account (shares) at Mar. 31, 2020       16,390,548 60,068,228                                  
Beginning partners' capital account at Mar. 31, 2020   1,281,021 1,268 $ (23,886) $ 1,303,639                                  
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 9,826 9,826   2,101 $ 7,725         7,725   2,101                    
Issuance of restricted stock (shares)         6,008 6,008                                
Forfeiture of restricted units         (318)                                  
Distributions   (15,293)   $ (3,278) $ (12,015)                                  
Stock-based compensation   1,252     $ 1,252                                  
Other comprehensive loss - change in value of interest rate swaps                         14 14 14 10 4          
Reclassification of amortization of forward-starting swap included in interest expense (332) (332) (332)               (261) (71)                    
Ending partners' capital account (shares) at Jun. 30, 2020       16,390,548 60,073,918                                  
Ending partners' capital account at Jun. 30, 2020   1,276,488 950 $ (25,063) $ 1,300,601                                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income 6,490 6,490   1,365 5,125         5,125   1,365                    
Conversion of operating partnership units (in shares)           209,011                                
Conversion of operating partnership units           $ 2     (12,003)   3 11,998                    
Dividends declared and paid (19,116)                 (15,071)                        
Dividends declared and paid (noncontrolling interest)                       (4,045)                    
Stock-based compensation 1,251               1,251                          
Other comprehensive loss - change in value of interest rate swaps                         1,201 1,201 1,201 940 261          
Reclassification of amortization of forward-starting swap included in interest expense (332) (332) (332)               (261) (71)                    
Ending Balance (shares) at Sep. 30, 2020           60,282,929                                
Ending Balance at Sep. 30, 2020 1,265,982         $ 603     $ 1,443,764 (164,462) 1,034 (14,957)                    
Increase (Decrease) in Partners' Capital [Roll Forward]                                            
Net income 6,490 6,490   1,365 $ 5,125         $ 5,125   1,365                    
Conversion of operating partnership units (shares)         209,011     (209,011)                            
Conversion of operating partnership units         $ (12,001)     $ 12,001                            
Distributions   (19,116)   $ (4,045) (15,071)                                  
Stock-based compensation   1,251     $ 1,251                                  
Other comprehensive loss - change in value of interest rate swaps                         $ 1,201 $ 1,201 $ 1,201 $ 940 $ 261          
Reclassification of amortization of forward-starting swap included in interest expense $ (332) (332) (332)               $ (261) $ (71)                    
Ending partners' capital account (shares) at Sep. 30, 2020       16,181,537 60,282,929                                  
Ending partners' capital account at Sep. 30, 2020   $ 1,265,982 $ 1,819 $ (15,742) $ 1,279,905                                  
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.