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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 26,115,000 $ 31,800,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (13,536,000) (20,025,000)
Depreciation and amortization 85,827,000 80,869,000
Amortization of debt issuance costs and debt discounts 1,734,000 1,109,000
Early extinguishment of debt 4,271,000 0
Provision for uncollectable rental income (934,000) 10,803,000
Stock-based compensation expense 4,452,000 3,753,000
Unrealized loss on hedging activities 0 551,000
Other noncash interest expense (824,000) (997,000)
Other, net (927,000) (3,208,000)
Changes in operating assets and liabilities    
Change in accounts receivable 941,000 (7,502,000)
Change in other assets 225,000 1,453,000
Change in accounts payable and accrued expenses 20,589,000 13,787,000
Change in security deposits payable 584,000 (1,787,000)
Change in other liabilities and deferred credits 1,115,000 (1,457,000)
Net cash provided by operating activities 129,632,000 109,149,000
INVESTING ACTIVITIES    
Acquisition of real estate (204,511,000) 0
Capital expenditures (56,772,000) (48,690,000)
Leasing commissions (2,025,000) (4,884,000)
Purchases of marketable securities (47,760,000) 0
Proceeds from the sale of marketable securities 47,723,000 0
Net cash used in investing activities (263,345,000) (53,574,000)
FINANCING ACTIVITIES    
Repayment of secured notes payable 0 (51,003,000)
Proceeds from unsecured line of credit 0 100,000,000
Repayment of unsecured line of credit (100,000,000) 0
Proceeds from unsecured notes payable 494,675,000 0
Repayments of Unsecured Debt (155,375,000) 0
Debt issuance costs (5,075,000) 0
Proceeds from issuance of common stock, net 0 (119,000)
Dividends paid to common stock and unitholders (65,922,000) (57,346,000)
Net cash provided by (used in) financing activities 168,303,000 (8,468,000)
Net increase in cash and cash equivalents 34,590,000 47,107,000
Cash, cash equivalents and restricted cash, beginning of period 139,049,000 109,451,000
Cash, cash equivalents and restricted cash, end of period 173,639,000 156,558,000
Cash and cash equivalents 171,923,000 155,327,000
Restricted cash 1,716,000 1,231,000
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 26,115,000 31,800,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (13,536,000) (20,025,000)
Depreciation and amortization 85,827,000 80,869,000
Amortization of debt issuance costs and debt discounts 1,734,000 1,109,000
Early extinguishment of debt 4,271,000 0
Provision for uncollectable rental income (934,000) 10,803,000
Stock-based compensation expense 4,452,000 3,753,000
Unrealized loss on hedging activities 0 551,000
Other noncash interest expense (824,000) (997,000)
Other, net (927,000) (3,208,000)
Changes in operating assets and liabilities    
Change in accounts receivable 941,000 (7,502,000)
Change in other assets 225,000 1,453,000
Change in accounts payable and accrued expenses 20,589,000 13,787,000
Change in security deposits payable 584,000 (1,787,000)
Change in other liabilities and deferred credits 1,115,000 (1,457,000)
Net cash provided by operating activities 129,632,000 109,149,000
INVESTING ACTIVITIES    
Acquisition of real estate (204,511,000) 0
Capital expenditures (56,772,000) (48,690,000)
Leasing commissions (2,025,000) (4,884,000)
Purchases of marketable securities (47,760,000) 0
Proceeds from the sale of marketable securities 47,723,000 0
Net cash used in investing activities (263,345,000) (53,574,000)
FINANCING ACTIVITIES    
Repayment of secured notes payable 0 (51,003,000)
Proceeds from unsecured line of credit 0 100,000,000
Repayment of unsecured line of credit (100,000,000) 0
Proceeds from unsecured notes payable 494,675,000 0
Repayments of Unsecured Debt (155,375,000) 0
Debt issuance costs (5,075,000) 0
Contributions from American Assets Trust, Inc. 0 (119,000)
Dividends paid to common stock and unitholders (65,922,000) (57,346,000)
Net cash provided by (used in) financing activities 168,303,000 (8,468,000)
Net increase in cash and cash equivalents 34,590,000 47,107,000
Cash, cash equivalents and restricted cash, beginning of period 139,049,000 109,451,000
Cash, cash equivalents and restricted cash, end of period 173,639,000 156,558,000
Cash and cash equivalents 171,923,000 155,327,000
Restricted cash $ 1,716,000 $ 1,231,000