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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Operating real estate $ 3,164,594 $ 3,155,280
Construction in progress 93,001 91,047
Held for development 547 547
Total Real estate, at cost 3,258,142 3,246,874
Accumulated depreciation (776,825) (754,140)
Real estate, net 2,481,317 2,492,734
Cash and cash equivalents 380,434 137,333
Restricted cash 1,716 1,716
Accounts receivable, net 6,031 6,938
Deferred rent receivables, net 76,690 72,476
Other assets, net 103,158 106,112
Total assets 3,049,346 2,817,309
LIABILITIES AND EQUITY    
Secured notes payable, net 110,934 110,923
Unsecured notes payable, net 1,536,890 1,196,677
Unsecured line of credit, net 0 99,151
Accounts payable and accrued expenses 71,226 59,262
Security deposits payable 6,629 6,590
Other liabilities and deferred credits, net 88,228 91,300
Total liabilities 1,813,907 1,563,903
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Common stock, $0.01 par value, 490,000,000 shares authorized, 60,472,286 and 60,476,292 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 605 605
Additional paid-in capital 1,447,128 1,445,644
Accumulated dividends in excess of net income (192,098) (176,560)
Accumulated other comprehensive income 1,964 1,753
Total American Assets Trust, Inc. stockholders’ equity 1,257,599 1,271,442
Noncontrolling interests (22,160) (18,036)
Total equity 1,235,439 1,253,406
CAPITAL:    
TOTAL LIABILITIES AND EQUITY 3,049,346 2,817,309
American Assets Trust, L.P.    
ASSETS    
Operating real estate 3,164,594 3,155,280
Construction in progress 93,001 91,047
Held for development 547 547
Total Real estate, at cost 3,258,142 3,246,874
Accumulated depreciation (776,825) (754,140)
Real estate, net 2,481,317 2,492,734
Cash and cash equivalents 380,434 137,333
Restricted cash 1,716 1,716
Accounts receivable, net 6,031 6,938
Deferred rent receivables, net 76,690 72,476
Other assets, net 103,158 106,112
Total assets 3,049,346 2,817,309
LIABILITIES AND EQUITY    
Secured notes payable, net 110,934 110,923
Unsecured notes payable, net 1,536,890 1,196,677
Unsecured line of credit, net 0 99,151
Accounts payable and accrued expenses 71,226 59,262
Security deposits payable 6,629 6,590
Other liabilities and deferred credits, net 88,228 91,300
Total liabilities 1,813,907 1,563,903
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Accumulated other comprehensive income 3,016 2,737
CAPITAL:    
Limited partners' capital, 16,181,537 and 16,181,537 units issued and outstanding as of March 31, 2021 and December 31, 2020, respectively (23,212) (19,020)
General partner's capital, 60,472,286 and 60,476,292 units issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 1,255,635 1,269,689
Total capital 1,235,439 1,253,406
TOTAL LIABILITIES AND EQUITY $ 3,049,346 $ 2,817,309