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Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Interest Expense
Early Extinguishment of Debt
American Assets Trust, L.P.
American Assets Trust, L.P.
Interest Expense
American Assets Trust, L.P.
Early Extinguishment of Debt
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
Interest Expense
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
Early Extinguishment of Debt
American Assets Trust, L.P.
Limited Partner
American Assets Trust, L.P.
General Partner
Common Shares
Common Shares
American Assets Trust, L.P.
Common Shares
American Assets Trust, L.P.
Limited Partner
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)
Interest Expense
Accumulated Other Comprehensive Income (Loss)
Early Extinguishment of Debt
Noncontrolling Interests - Unitholders in the Operating Partnership
Noncontrolling Interests - Unitholders in the Operating Partnership
Interest Expense
Noncontrolling Interests - Unitholders in the Operating Partnership
Early Extinguishment of Debt
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 31,800     31,800                                      
Other comprehensive gain - change in value of interest rate swaps (4,900)     (4,900)                                      
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (997) $ 0   (997) $ 0                                  
Ending Balance (shares) at Sep. 30, 2020                       60,282,929                      
Ending Balance at Sep. 30, 2020 1,265,982                     $ 603       1,443,764 (164,462) 1,034     (14,957)    
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 31,800     31,800                                      
Other comprehensive gain - change in value of interest rate swaps (4,900)     (4,900)                                      
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (997) 0   (997) 0                                  
Ending partners' capital account (shares) at Sep. 30, 2020                   16,181,537 [1] 60,282,929 [2]                        
Ending partners' capital account at Sep. 30, 2020       1,265,982     1,819     $ (15,742) [1] $ 1,279,905 [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]                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 6,490     6,490           1,365 [1] 5,125 [2]           5,125       1,365    
Dividends declared and paid (19,116)                               (15,071)            
Dividends declared and paid (noncontrolling interest)                                         (4,045)    
Stock-based compensation 1,251                             1,251              
Other comprehensive gain - change in value of interest rate swaps 1,201     1,201     1,201                     940     261    
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (332) 0   (332) 0   (332)                     (261)     (71)  
Ending Balance (shares) at Sep. 30, 2020                       60,282,929                      
Ending Balance at Sep. 30, 2020 1,265,982                     $ 603       1,443,764 (164,462) 1,034     (14,957)    
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Net income 6,490     6,490           1,365 [1] 5,125 [2]           5,125       1,365    
Distributions       (19,116)           $ (4,045) [1] (15,071) [2]                        
Stock-based compensation       1,251             $ 1,251 [2]                        
Other comprehensive gain - change in value of interest rate swaps $ 1,201     1,201     1,201                     940     261    
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (332) 0   (332) 0   (332)                     (261)     (71)  
Ending partners' capital account (shares) at Sep. 30, 2020                   16,181,537 [1] 60,282,929 [2]                        
Ending partners' capital account at Sep. 30, 2020       1,265,982     1,819     $ (15,742) [1] $ 1,279,905 [2]                        
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Conversion of operating partnership units (in shares)                     209,011 209,011   (209,011)                  
Conversion of operating partnership units                     $ (12,001) $ 2   $ 12,001   (12,003)   3     11,998    
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 26,115     26,115                                      
Other comprehensive gain - change in value of interest rate swaps $ 1,657     1,657                                      
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (824) (193)   (824) (193)                                  
Ending Balance (shares) at Sep. 30, 2021 60,472,065                     60,472,065                      
Ending Balance at Sep. 30, 2021 $ 1,218,691                     $ 605       1,450,096 (207,910) 2,248     (26,348)    
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 26,115     26,115                                      
Other comprehensive gain - change in value of interest rate swaps 1,657     1,657                                      
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (824) (193)   (824) (193)                                  
Ending partners' capital account (shares) at Sep. 30, 2021                   16,181,537 60,472,065                        
Ending partners' capital account at Sep. 30, 2021       1,218,691     3,377     $ (27,477) $ 1,242,791                        
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Conversion of operating partnership units (in shares)                         0                    
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                      
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                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Net income 12,895     12,895           2,709 $ 10,186           10,186       2,709    
Forfeiture of restricted stock (shares)                     2,801 (2,801)                      
Dividends declared and paid (22,995)                               (18,141)            
Dividends declared and paid (noncontrolling interest)                                         (4,854)    
Stock-based compensation 1,484                             1,484              
Other comprehensive gain - change in value of interest rate swaps $ 435     435     435                     342     93    
Reclassification of amortization of forward-starting swap realized gains included in interest expense   (274) 0   (274) 0   (274)                     (216)     (58)  
Ending Balance (shares) at Sep. 30, 2021 60,472,065                     60,472,065                      
Ending Balance at Sep. 30, 2021 $ 1,218,691                     $ 605       $ 1,450,096 (207,910) 2,248     (26,348)    
Increase (Decrease) in Partners' Capital [Roll Forward]                                              
Net income 12,895     12,895           2,709 $ 10,186           $ 10,186       2,709    
Forfeiture of restricted stock (shares)                     2,801 (2,801)                      
Distributions       (22,995)           $ (4,854) $ (18,141)                        
Stock-based compensation       1,484             $ 1,484                        
Other comprehensive gain - change in value of interest rate swaps $ 435     435     435                     $ 342     $ 93    
Reclassification of amortization of forward-starting swap realized gains included in interest expense   $ (274) $ 0   $ (274) $ 0   $ (274)                     $ (216)     $ (58)  
Ending partners' capital account (shares) at Sep. 30, 2021                   16,181,537 60,472,065                        
Ending partners' capital account at Sep. 30, 2021       $ 1,218,691     $ 3,377     $ (27,477) $ 1,242,791                        
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.