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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Operating real estate $ 3,454,499 $ 3,389,726
Construction in progress 176,582 139,098
Held for development 547 547
Total Real estate, at cost 3,631,628 3,529,371
Accumulated depreciation (894,202) (847,390)
Real estate, net 2,737,426 2,681,981
Cash and cash equivalents 60,750 139,524
Accounts receivable, net 7,218 7,445
Deferred rent receivables, net 87,579 82,724
Other assets, net 114,217 106,253
Total assets 3,007,190 3,017,927
LIABILITIES:    
Secured notes payable, net 110,986 110,965
Unsecured notes payable, net 1,538,519 1,538,238
Accounts payable and accrued expenses 66,334 64,531
Security deposits payable 8,519 7,855
Other liabilities and deferred credits, net 82,864 86,215
Total liabilities 1,807,222 1,807,804
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Common stock, $0.01 par value, 490,000,000 shares authorized, 60,528,115 and 60,525,580 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 605 605
Additional paid-in capital 1,456,747 1,453,272
Accumulated dividends in excess of net income (235,107) (217,785)
Accumulated other comprehensive income 9,457 2,872
Total American Assets Trust, Inc. stockholders’ equity 1,231,702 1,238,964
Noncontrolling interests (31,734) (28,841)
Total equity 1,199,968 1,210,123
TOTAL LIABILITIES AND EQUITY $ 3,007,190 $ 3,017,927