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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUE:      
Rental income $ 330,312 $ 343,865 $ 309,537
Other property income 14,261 22,876 21,330
Total revenue 344,573 366,741 330,867
EXPENSES:      
Rental expenses 79,178 91,967 86,482
Real estate taxes 41,941 40,013 34,973
General and administrative 26,581 24,871 22,784
Depreciation and amortization 108,292 96,205 107,093
Total operating expenses 255,992 253,056 251,332
Operating income (loss) 88,581 113,685 79,535
Interest expense (53,440) (54,008) (52,248)
Gain on sale of real estate 0 633 0
Other income (expense), net 447 (122) (85)
Net income 35,588 60,188 27,202
Net income attributable to restricted shares (383) (381) (311)
Net income attributable to unitholders in the Operating Partnership (7,545) (14,089) (7,205)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 27,660 $ 45,718 $ 19,686
EARNINGS PER COMMON SHARE, BASIC      
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.46 $ 0.84 $ 0.42
Weighted average shares of common stock outstanding-basic (in shares) 59,806,309 54,110,949 46,950,812
EARNINGS PER COMMON SHARE, DILUTED      
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.46 $ 0.84 $ 0.42
Weighted average shares of common stock outstanding-diluted (in shares) 76,119,763 70,786,132 64,136,559
COMPREHENSIVE INCOME      
Net income $ 35,588 $ 60,188 $ 27,202
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivatives during the period (3,649) (5,571) 120
Reclassification of amortization of forward starting swaps included in interest expense (1,330) (1,304) (1,279)
Comprehensive income 30,609 53,313 26,043
Comprehensive income attributable to noncontrolling interest (6,496) (12,301) (6,877)
Comprehensive income attributable to American Assets Trust, Inc. 24,113 41,012 19,166
American Assets Trust, L.P.      
REVENUE:      
Rental income 330,312 343,865 309,537
Other property income 14,261 22,876 21,330
Total revenue 344,573 366,741 330,867
EXPENSES:      
Rental expenses 79,178 91,967 86,482
Real estate taxes 41,941 40,013 34,973
General and administrative 26,581 24,871 22,784
Depreciation and amortization 108,292 96,205 107,093
Total operating expenses 255,992 253,056 251,332
Operating income (loss) 88,581 113,685 79,535
Interest expense (53,440) (54,008) (52,248)
Gain on sale of real estate 0 633 0
Other income (expense), net 447 (122) (85)
Net income 35,588 60,188 27,202
Net income attributable to restricted shares (383) (381) (311)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 35,205 $ 59,807 $ 26,891
EARNINGS PER COMMON SHARE, BASIC      
Basic net income attributable to common stockholders per share (in dollars per share) $ 0.46 $ 0.84 $ 0.42
Weighted average shares of common stock outstanding-basic (in shares) 76,119,763 70,786,132 64,136,559
EARNINGS PER COMMON SHARE, DILUTED      
Diluted net income attributable to common stockholders per share (in dollars per share) $ 0.46 $ 0.84 $ 0.42
Weighted average shares of common stock outstanding-diluted (in shares) 76,119,763 70,786,132 64,136,559
DISTRIBUTIONS PER UNIT (in dollars per share) $ 1.00 $ 1.14 $ 1.09
COMPREHENSIVE INCOME      
Net income $ 35,588 $ 60,188 $ 27,202
Reclassification of amortization of forward starting swaps included in interest expense (1,330) (1,304) (1,279)
Comprehensive income 30,609 53,313 26,043
American Assets Trust, L.P. | Limited Partner      
EXPENSES:      
Net income [1] 7,545 14,089 7,205
COMPREHENSIVE INCOME      
Net income [1] 7,545 14,089 7,205
Comprehensive income attributable to American Assets Trust, Inc. (6,496) (12,301) (6,877)
American Assets Trust, L.P. | General Partner      
EXPENSES:      
Net income [2] 28,043 46,099 19,997
COMPREHENSIVE INCOME      
Net income [2] 28,043 46,099 19,997
Comprehensive income attributable to American Assets Trust, Inc. 24,113 41,012 19,166
Interest Rate Swap | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivatives during the period (3,649) (5,571) 120
Swap      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivatives during the period (3,649) (6,084) 120
Swap | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivatives during the period $ (3,649) (6,084) $ 120
Forward Contracts      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivatives during the period   513  
Forward Contracts | American Assets Trust, L.P.      
COMPREHENSIVE INCOME      
Other comprehensive (loss) gain - unrealized (loss) gain on swap derivatives during the period   $ 513  
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general and limited partnership interests held by American Assets Trust, Inc.