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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Operating real estate $ 3,171,449 $ 3,155,280
Construction in progress 115,546 91,047
Held for development 547 547
Total Real estate, at cost 3,287,542 3,246,874
Accumulated depreciation (801,482) (754,140)
Real estate, net 2,486,060 2,492,734
Cash and cash equivalents 368,266 137,333
Restricted cash 1,716 1,716
Accounts receivable, net 6,582 6,938
Deferred rent receivables, net 77,674 72,476
Other assets, net 105,233 106,112
Total assets 3,045,531 2,817,309
LIABILITIES AND EQUITY    
Secured notes payable, net 110,944 110,923
Unsecured notes payable, net 1,537,307 1,196,677
Unsecured line of credit, net 0 99,151
Accounts payable and accrued expenses 80,291 59,262
Security deposits payable 6,728 6,590
Other liabilities and deferred credits, net 83,115 91,300
Total liabilities 1,818,385 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, 60,474,866 and 60,476,292 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 605 605
Additional paid-in capital 1,448,612 1,445,644
Accumulated dividends in excess of net income (199,956) (176,560)
Accumulated other comprehensive income 2,122 1,753
Total American Assets Trust, Inc. stockholders’ equity 1,251,383 1,271,442
Noncontrolling interests (24,237) (18,036)
Total equity 1,227,146 1,253,406
CAPITAL:    
TOTAL LIABILITIES AND EQUITY 3,045,531 2,817,309
American Assets Trust, L.P.    
ASSETS    
Operating real estate 3,171,449 3,155,280
Construction in progress 115,546 91,047
Held for development 547 547
Total Real estate, at cost 3,287,542 3,246,874
Accumulated depreciation (801,482) (754,140)
Real estate, net 2,486,060 2,492,734
Cash and cash equivalents 368,266 137,333
Restricted cash 1,716 1,716
Accounts receivable, net 6,582 6,938
Deferred rent receivables, net 77,674 72,476
Other assets, net 105,233 106,112
Total assets 3,045,531 2,817,309
LIABILITIES AND EQUITY    
Secured notes payable, net 110,944 110,923
Unsecured notes payable, net 1,537,307 1,196,677
Unsecured line of credit, net 0 99,151
Accounts payable and accrued expenses 80,291 59,262
Security deposits payable 6,728 6,590
Other liabilities and deferred credits, net 83,115 91,300
Total liabilities 1,818,385 1,563,903
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Accumulated other comprehensive income 3,216 2,737
CAPITAL:    
Limited partners' capital, 16,181,537 and 16,181,537 units issued and outstanding as of June 30, 2021 and December 31, 2020, respectively (25,332) (19,020)
General partner's capital, 60,474,866 and 60,476,292 units issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 1,249,262 1,269,689
Total capital 1,227,146 1,253,406
TOTAL LIABILITIES AND EQUITY $ 3,045,531 $ 2,817,309