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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE:    
Rental income $ 96,986 $ 81,130
Other property income 4,484 2,856
Total revenue 101,470 83,986
EXPENSES:    
Rental expenses 24,145 18,246
Real estate taxes 11,429 11,354
General and administrative 7,142 6,823
Depreciation and amortization 30,412 27,501
Total operating expenses 73,128 63,924
OPERATING INCOME 28,342 20,062
Interest expense (14,666) (14,005)
Loss on early extinguishment of debt 0 (4,271)
Other (expense) income, net (162) (53)
NET INCOME 13,514 1,733
Net income attributable to restricted shares (155) (137)
Net income attributable to unitholders in the Operating Partnership (2,836) (339)
Net income attributable to American Assets Trust, Inc. stockholders $ 10,523 $ 1,257
EARNINGS PER COMMON SHARE    
Earnings per common share, basic (in USD per share) $ 0.18 $ 0.02
Weighted average shares of common stock outstanding-basic (in shares) 60,038,683 59,984,335
EARNINGS PER COMMON SHARE, DILUTED    
Earnings per common share, diluted (in USD per share) $ 0.18 $ 0.02
Weighted average shares of common stock outstanding-diluted (in shares) 76,220,220 76,165,872
Dividends declared per common share (in USD per share) $ 0.32 $ 0.28
COMPREHENSIVE INCOME    
Net income $ 13,514 $ 1,733
Other comprehensive gain - change in value of interest rate swaps 5,596 747
Comprehensive income 18,835 2,012
Comprehensive income attributable to non-controlling interests (3,966) (407)
Comprehensive income attributable to American Assets Trust, Inc. 14,869 1,605
Interest Expense    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gain (275) (275)
Early Extinguishment of Debt    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gain $ 0 $ (193)