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Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Interest Expense
Senior Guaranteed Notes, Series A
American Assets Trust, L.P.
American Assets Trust, L.P.
Interest Expense
American Assets Trust, L.P.
Senior Guaranteed Notes, Series A
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
Senior Guaranteed Notes, Series A
American Assets Trust, L.P.
Limited Partner
American Assets Trust, L.P.
General Partner
Common Shares
Common Shares
American Assets Trust, L.P.
General Partner
Additional Paid-in Capital
Accumulated Dividends in Excess of Net Income
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Senior Guaranteed Notes, Series A
Noncontrolling Interests - Unitholders in the Operating Partnership
Noncontrolling Interests - Unitholders in the Operating Partnership
Senior Guaranteed Notes, Series A
Swap
Swap
American Assets Trust, L.P.
Swap
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
Swap
Accumulated Other Comprehensive Income (Loss)
Swap
Noncontrolling Interests - Unitholders in the Operating Partnership
Beginning Balance (shares) at Dec. 31, 2019                     60,068,228                        
Beginning Balance at Dec. 31, 2019 $ 1,293,672                   $ 601   $ 1,452,014 $ (144,378) $ 5,680   $ (20,245)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 15,484     $ 15,484         $ 3,312 [1] $ 12,172 [2]       12,172     3,312            
Dividends declared and paid (22,937)                         (18,020)                  
Dividends declared and paid (noncontrolling interest)                                 (4,917)            
Stock-based compensation 1,250                       1,250                    
Other comprehensive gain - change in value of interest rate swaps                                     $ (6,115) $ (6,115) $ (6,115) $ (4,816) $ (1,299)
Reclassification of amortization of forward-starting swap realized gains included in interest expense   $ (333)     $ (333)   $ (333)               (261)   (72)            
Ending Balance (shares) at Mar. 31, 2020                     60,068,228                        
Ending Balance at Mar. 31, 2020 1,281,021                   $ 601   1,453,264 (150,226) 603   (23,221)            
Beginning partners' capital account (shares) at Dec. 31, 2019                 16,390,548 [1] 60,068,228 [2]                          
Beginning partners' capital account at Dec. 31, 2019       1,293,672     7,716   $ (22,281) [1] $ 1,308,237 [2]                          
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Net income 15,484     15,484         3,312 [1] 12,172 [2]       12,172     3,312            
Distributions       (22,937)         $ (4,917) [1] (18,020) [2]                          
Stock-based compensation       1,250           $ 1,250 [2]                          
Other comprehensive gain - change in value of interest rate swaps                                     (6,115) (6,115) (6,115) (4,816) (1,299)
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (333)     (333)   (333)               (261)   (72)            
Ending partners' capital account (shares) at Mar. 31, 2020                 16,390,548 [1] 60,068,228 [2]                          
Ending partners' capital account at Mar. 31, 2020       1,281,021     1,268   $ (23,886) [1] $ 1,303,639 [2]                          
Beginning Balance (shares) at Dec. 31, 2019                     60,068,228                        
Beginning Balance at Dec. 31, 2019 1,293,672                   $ 601   1,452,014 (144,378) 5,680   (20,245)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 25,310     25,310                                      
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (665)     (665)                                    
Ending Balance (shares) at Jun. 30, 2020                     60,073,918                        
Ending Balance at Jun. 30, 2020 1,276,488                   $ 601   1,454,516 (154,516) 352   (24,465)            
Beginning partners' capital account (shares) at Dec. 31, 2019                 16,390,548 [1] 60,068,228 [2]                          
Beginning partners' capital account at Dec. 31, 2019       1,293,672     7,716   $ (22,281) [1] $ 1,308,237 [2]                          
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Net income 25,310     25,310                                      
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (665)     (665)                                    
Ending partners' capital account (shares) at Jun. 30, 2020                 16,390,548 [1] 60,073,918 [2]                          
Ending partners' capital account at Jun. 30, 2020       1,276,488     950   $ (25,063) [1] $ 1,300,601 [2]                          
Beginning Balance (shares) at Mar. 31, 2020                     60,068,228                        
Beginning Balance at Mar. 31, 2020 1,281,021                   $ 601   1,453,264 (150,226) 603   (23,221)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 9,826     9,826         $ 2,101 [1] $ 7,725 [2]       7,725     2,101            
Issuance of restricted stock (shares)                   6,008 6,008                        
Forfeiture of restricted stock (shares)                     (318)                        
Dividends declared and paid (15,293)                         (12,015)                  
Dividends declared and paid (noncontrolling interest)                                 (3,278)            
Stock-based compensation 1,252                       1,252                    
Other comprehensive gain - change in value of interest rate swaps                                     14 14 14 10 4
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (332)     (332)   (332)               (261)   (71)            
Ending Balance (shares) at Jun. 30, 2020                     60,073,918                        
Ending Balance at Jun. 30, 2020 1,276,488                   $ 601   1,454,516 (154,516) 352   (24,465)            
Beginning partners' capital account (shares) at Mar. 31, 2020                 16,390,548 [1] 60,068,228 [2]                          
Beginning partners' capital account at Mar. 31, 2020       1,281,021     1,268   $ (23,886) [1] $ 1,303,639 [2]                          
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Net income $ 9,826     9,826         2,101 [1] $ 7,725 [2]       7,725     2,101            
Issuance of restricted stock (shares)                   6,008 6,008                        
Forfeiture of restricted stock (shares)                     (318)                        
Forfeiture of restricted units                   (318)                          
Distributions       (15,293)         $ (3,278) [1] $ (12,015) [2]                          
Stock-based compensation       1,252           $ 1,252 [2]                          
Other comprehensive gain - change in value of interest rate swaps                                     14 14 14 10 4
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (332)     (332)   (332)               (261)   (71)            
Ending partners' capital account (shares) at Jun. 30, 2020                 16,390,548 [1] 60,073,918 [2]                          
Ending partners' capital account at Jun. 30, 2020       1,276,488     950   $ (25,063) [1] $ 1,300,601 [2]                          
Beginning Balance (shares) at Dec. 31, 2020 60,476,292                   60,476,292                        
Beginning Balance at Dec. 31, 2020 $ 1,253,406                   $ 605   1,445,644 (176,560) 1,753   (18,036)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 1,733     1,733         $ 339 [1] $ 1,394 [2]       1,394     339            
Forfeiture of restricted stock (shares)                     (4,006) (4,006)                      
Dividends declared and paid (21,463)                         (16,932)                  
Dividends declared and paid (noncontrolling interest)                                 (4,531)            
Stock-based compensation 1,484                       1,484                    
Other comprehensive gain - change in value of interest rate swaps                                     747 747 747 579 168
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (275) $ (193)   (275) $ (193) (275) $ (193)             (216) $ (152) (59) $ (41)          
Ending Balance (shares) at Mar. 31, 2021                     60,472,286                        
Ending Balance at Mar. 31, 2021 1,235,439                   $ 605   1,447,128 (192,098) 1,964   (22,160)            
Beginning partners' capital account (shares) at Dec. 31, 2020                 16,181,537 60,476,292                          
Beginning partners' capital account at Dec. 31, 2020       1,253,406     2,737   $ (19,020) $ 1,269,689                          
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Net income $ 1,733     1,733         339 [1] 1,394 [2]       1,394     339            
Forfeiture of restricted stock (shares)                     (4,006) (4,006)                      
Distributions       (21,463)         $ (4,531) [1] (16,932) [2]                          
Stock-based compensation       1,484           $ 1,484 [2]                          
Other comprehensive gain - change in value of interest rate swaps                                     747 747 747 579 168
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (275) $ (193)   (275) $ (193) (275) $ (193)             (216) $ (152) (59) $ (41)          
Ending partners' capital account (shares) at Mar. 31, 2021                 16,181,537 60,472,286                          
Ending partners' capital account at Mar. 31, 2021       1,235,439     3,016   $ (23,212) $ 1,255,635                          
Beginning Balance (shares) at Dec. 31, 2020 60,476,292                   60,476,292                        
Beginning Balance at Dec. 31, 2020 $ 1,253,406                   $ 605   1,445,644 (176,560) 1,753   (18,036)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income $ 13,220     13,220                                      
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (550)     (550)                                    
Ending Balance (shares) at Jun. 30, 2021 60,474,866                   60,474,866                        
Ending Balance at Jun. 30, 2021 $ 1,227,146                   $ 605   1,448,612 (199,955) 2,122   (24,238)            
Beginning partners' capital account (shares) at Dec. 31, 2020                 16,181,537 60,476,292                          
Beginning partners' capital account at Dec. 31, 2020       1,253,406     2,737   $ (19,020) $ 1,269,689                          
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Net income 13,220     13,220                                      
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (550)     (550)                                    
Ending partners' capital account (shares) at Jun. 30, 2021                 16,181,537 60,474,866                          
Ending partners' capital account at Jun. 30, 2021       1,227,146     3,216   $ (25,332) $ 1,249,262                          
Beginning Balance (shares) at Mar. 31, 2021                     60,472,286                        
Beginning Balance at Mar. 31, 2021 1,235,439                   $ 605   1,447,128 (192,098) 1,964   (22,160)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 11,487     11,487         $ 2,411 $ 9,076       9,076     2,411            
Issuance of restricted stock (shares)                   5,184 5,184                        
Forfeiture of restricted stock (shares)                     (2,604)                        
Dividends declared and paid (21,464)                         (16,933)                  
Dividends declared and paid (noncontrolling interest)                                 (4,531)            
Stock-based compensation $ 1,484                       1,484                    
Other comprehensive gain - change in value of interest rate swaps                                     475 475 475 374 101
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (275)     (275)   (275)               (216)   (59)            
Ending Balance (shares) at Jun. 30, 2021 60,474,866                   60,474,866                        
Ending Balance at Jun. 30, 2021 $ 1,227,146                   $ 605   $ 1,448,612 (199,955) 2,122   (24,238)            
Beginning partners' capital account (shares) at Mar. 31, 2021                 16,181,537 60,472,286                          
Beginning partners' capital account at Mar. 31, 2021       1,235,439     3,016   $ (23,212) $ 1,255,635                          
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Net income $ 11,487     11,487         2,411 $ 9,076       $ 9,076     2,411            
Issuance of restricted stock (shares)                   5,184 5,184                        
Forfeiture of restricted stock (shares)                     (2,604)                        
Forfeiture of restricted units                   (2,604)                          
Distributions       (21,464)         $ (4,531) $ (16,933)                          
Stock-based compensation       1,484           $ 1,484                          
Other comprehensive gain - change in value of interest rate swaps                                     $ 475 $ 475 $ 475 $ 374 $ 101
Reclassification of amortization of forward-starting swap realized gains included in interest expense   $ (275)     $ (275)   (275)               $ (216)   $ (59)            
Ending partners' capital account (shares) at Jun. 30, 2021                 16,181,537 60,474,866                          
Ending partners' capital account at Jun. 30, 2021       $ 1,227,146     $ 3,216   $ (25,332) $ 1,249,262                          
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.