EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)

3 Months Ended

Mar. 31, 2021

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 three months ended March 31, 2021: 

Period	Amount per Share/Unit		Period Covered	Dividend Paid Date
First Quarter 2021	$	0.28	January 1, 2021 to March 31, 2021	March 25, 2021

Activity of restricted stock awards

The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2021:

	Units	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021	491,957	$23.53
Granted	—	—
Vested	—	—
Forfeited	(4,006)	23.24
Nonvested at March 31, 2021	487,951	$23.54

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 March 31,
	2021		2020
NUMERATOR
Net income	$	1,733	$	15,484
Less: Net income attributable to restricted shares	(137)		(104)
Less: Income from operations attributable to unitholders in the Operating Partnership	(339)		(3,312)
Net income attributable to common stockholders—basic	$	1,257	$	12,068
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic	$	1,257	$	12,068
Plus: Income from operations attributable to unitholders in the Operating Partnership	339		3,312
Net income attributable to common stockholders—diluted	$	1,596	$	15,380
DENOMINATOR
Weighted average common shares outstanding—basic	59,984,335		59,723,072
Effect of dilutive securities—conversion of Operating Partnership units	16,181,537		16,390,548
Weighted average common shares outstanding—diluted	76,165,872		76,113,620
Earnings per common share, basic	$	0.02	$	0.20
Earnings per common share, diluted	$	0.02	$	0.20