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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 2021:
PeriodAmount per
Share/Unit
Period CoveredDividend Paid Date
First Quarter 2021$0.28 January 1, 2021 to March 31, 2021March 25, 2021
Second Quarter 2021$0.28 April 1, 2021 to June 30, 2021June 24, 2021
Third Quarter 2021$0.30 July 1, 2021 to September 30, 2021September 23, 2021
Activity of restricted stock awards The following table summarizes the activity of restricted stock awards during the nine months ended September 30, 2021:
UnitsWeighted Average Grant Date Fair Value
Nonvested at January 1, 2021491,957 $23.53
Granted5,184 38.59 
Vested(6,008)33.29 
Forfeited(9,411)23.27 
Nonvested at September 30, 2021481,722 $23.58
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 September 30,Nine Months Ended September 30,
2021202020212020
NUMERATOR
Net income$12,895 $6,490 $26,115 $31,800 
Less: Net income attributable to restricted shares(145)(87)(417)(260)
Less: Income from operations attributable to unitholders in the Operating Partnership
(2,709)(1,365)(5,459)(6,778)
Net income attributable to common stockholders—basic
$10,041 $5,038 $20,239 $24,762 
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$10,041 $5,038 $20,239 $24,762 
Plus: Income from operations attributable to unitholders in the Operating Partnership
2,709 1,365 5,459 6,778 
Net income attributable to common stockholders—diluted
$12,750 $6,403 $25,698 $31,540 
DENOMINATOR
Weighted average common shares outstanding—basic59,990,343 59,825,174 59,986,844 59,757,709 
Effect of dilutive securities—conversion of Operating Partnership units
16,181,537 16,292,858 16,181,537 16,357,747 
Weighted average common shares outstanding—diluted76,171,880 76,118,032 76,168,381 76,115,456 
Earnings per common share, basic$0.17 $0.08 $0.34 $0.41 
Earnings per common share, diluted$0.17 $0.08 $0.34 $0.41