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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE:    
Rental income $ 81,130 $ 92,070
Other property income 2,856 4,673
Total revenue 83,986 96,743
EXPENSES:    
Rental expenses 18,246 22,568
Real estate taxes 11,354 11,045
General and administrative 6,823 6,820
Depreciation and amortization 27,501 27,462
Total operating expenses 63,924 67,895
OPERATING INCOME 20,062 28,848
Interest expense (14,005) (13,472)
Early extinguishment of debt (4,271) 0
Other (expense) income, net (53) 108
NET INCOME 1,733 15,484
Net income attributable to restricted shares (137) (104)
Net income attributable to unitholders in the Operating Partnership (339) (3,312)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 1,257 $ 12,068
EARNINGS PER COMMON SHARE    
Earnings per common share, basic (in USD per share) $ 0.02 $ 0.20
Weighted average shares of common stock outstanding-basic (in shares) 59,984,335 59,723,072
EARNINGS PER COMMON SHARE, DILUTED    
Earnings per common share, diluted (in USD per share) $ 0.02 $ 0.20
Weighted average shares of common stock outstanding-diluted (in shares) 76,165,872 76,113,620
Dividends declared per common share (in USD per share) $ 0.28 $ 0.30
COMPREHENSIVE INCOME    
Net income $ 1,733 $ 15,484
Reclassification of amortization of forward-starting swap realized gains included in interest expense (275) (333)
Comprehensive income 2,012 9,036
Comprehensive income attributable to non-controlling interests (407) (1,941)
Comprehensive income attributable to American Assets Trust, Inc. 1,605 7,095
Interest Expense    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gains included in interest expense (275) (333)
Senior Guaranteed Notes, Series A    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gains included in interest expense (193)  
Senior Guaranteed Notes, Series A | Early Extinguishment of Debt    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gains included in interest expense (193) 0
American Assets Trust, L.P.    
REVENUE:    
Rental income 81,130 92,070
Other property income 2,856 4,673
Total revenue 83,986 96,743
EXPENSES:    
Rental expenses 18,246 22,568
Real estate taxes 11,354 11,045
General and administrative 6,823 6,820
Depreciation and amortization 27,501 27,462
Total operating expenses 63,924 67,895
OPERATING INCOME 20,062 28,848
Interest expense (14,005) (13,472)
Early extinguishment of debt (4,271) 0
Other (expense) income, net (53) 108
NET INCOME 1,733 15,484
Net income attributable to restricted shares (137) (104)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 1,596 $ 15,380
EARNINGS PER COMMON SHARE    
Earnings per common share, basic (in USD per share) $ 0.02 $ 0.20
Weighted average shares of common stock outstanding-basic (in shares) 76,165,872 76,113,620
EARNINGS PER COMMON SHARE, DILUTED    
Earnings per common share, diluted (in USD per share) $ 0.02 $ 0.20
Weighted average shares of common stock outstanding-diluted (in shares) 76,165,872 76,113,620
Distributions per unit (in USD per share) $ 0.28 $ 0.30
COMPREHENSIVE INCOME    
Net income $ 1,733 $ 15,484
Reclassification of amortization of forward-starting swap realized gains included in interest expense (275) (333)
Comprehensive income 2,012 9,036
American Assets Trust, L.P. | Interest Expense    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gains included in interest expense (275) (333)
American Assets Trust, L.P. | Senior Guaranteed Notes, Series A    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gains included in interest expense (193)  
American Assets Trust, L.P. | Senior Guaranteed Notes, Series A | Early Extinguishment of Debt    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gains included in interest expense (193) 0
Limited Partner | American Assets Trust, L.P.    
EXPENSES:    
NET INCOME [1] 339 3,312
COMPREHENSIVE INCOME    
Net income [1] 339 3,312
Comprehensive income attributable to American Assets Trust, Inc. (407) (1,941)
General Partner | American Assets Trust, L.P.    
EXPENSES:    
NET INCOME [2] 1,394 12,172
COMPREHENSIVE INCOME    
Net income [2] 1,394 12,172
Comprehensive income attributable to American Assets Trust, Inc. 1,605 7,095
Interest Rate Swap    
COMPREHENSIVE INCOME    
Other comprehensive gain - change in value of interest rate swaps 747 (6,115)
Interest Rate Swap | American Assets Trust, L.P.    
COMPREHENSIVE INCOME    
Other comprehensive gain - change in value of interest rate swaps $ 747 $ (6,115)
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.