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Consolidated Statements of Comprehensive Income (Unaudited) - LP - 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
Revenues 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 (loss) 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 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 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)
American Assets Trust, L.P.    
REVENUE:    
Rental income 96,986 81,130
Other property income 4,484 2,856
Revenues 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 (loss) 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 American Assets Trust, Inc. stockholders $ 13,359 $ 1,596
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) 76,220,220 76,165,872
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
Distributions per unit (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
American Assets Trust, L.P. | Interest Expense    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gain (275) (275)
American Assets Trust, L.P. | Early Extinguishment of Debt    
COMPREHENSIVE INCOME    
Reclassification of amortization of forward-starting swap realized gain 0 (193)
Limited Partner | American Assets Trust, L.P.    
EXPENSES:    
Net income [1] 2,836 339
COMPREHENSIVE INCOME    
Net income [1] 2,836 339
Comprehensive income attributable to American Assets Trust, Inc. (3,966) (407)
General Partner | American Assets Trust, L.P.    
EXPENSES:    
Net income [2] 10,678 1,394
COMPREHENSIVE INCOME    
Net income [2] 10,678 1,394
Comprehensive income attributable to American Assets Trust, Inc. $ 14,869 $ 1,605
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.