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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
3 Months Ended
Mar. 31, 2022
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 three months ended March 31, 2022:
PeriodAmount per
Share/Unit
Period CoveredDividend Paid Date
First Quarter 2022$0.32 January 1, 2022 to March 31, 2022March 24, 2022
Activity of restricted stock awards The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2022:
UnitsWeighted Average Grant Date Fair Value
Nonvested at January 1, 2022487,397 $23.78 
Granted— — 
Vested(1,166)22.66 
Forfeited(3,121)23.18 
Nonvested at March 31, 2022483,110 $23.78 
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 March 31,
20222021
NUMERATOR
Net income$13,514 $1,733 
Less: Net income attributable to restricted shares(155)(137)
Less: Income from operations attributable to unitholders in the Operating Partnership
(2,836)(339)
Net income attributable to common stockholders—basic
$10,523 $1,257 
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$10,523 $1,257 
Plus: Income from operations attributable to unitholders in the Operating Partnership
2,836 339 
Net income attributable to common stockholders—diluted
$13,359 $1,596 
DENOMINATOR
Weighted average common shares outstanding—basic60,038,683 59,984,335 
Effect of dilutive securities—conversion of Operating Partnership units
16,181,537 16,181,537 
Weighted average common shares outstanding—diluted76,220,220 76,165,872 
Earnings per common share, basic$0.18 $0.02 
Earnings per common share, diluted$0.18 $0.02