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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE:        
Rental income $ 99,016 $ 87,639 $ 196,002 $ 168,769
Other property income 5,139 4,170 9,623 7,026
Total revenue 104,155 91,809 205,625 175,795
EXPENSES:        
Rental expenses 25,853 20,204 49,998 38,450
Real estate taxes 11,287 10,612 22,716 21,966
General and administrative 7,612 6,924 14,754 13,747
Depreciation and amortization 31,087 27,646 61,499 55,147
Total operating expenses 75,839 65,386 148,967 129,310
OPERATING INCOME 28,316 26,423 56,658 46,485
Interest expense (14,547) (14,862) (29,213) (28,867)
Loss on early extinguishment of debt 0 0 0 (4,271)
Other (expense) income, net (181) (74) (343) (127)
NET INCOME 13,588 11,487 27,102 13,220
Net income attributable to restricted shares (154) (135) (309) (272)
Net income attributable to unitholders in the Operating Partnership (2,852) (2,411) (5,688) (2,750)
Net income attributable to American Assets Trust, Inc. stockholders $ 10,582 $ 8,941 $ 21,105 $ 10,198
EARNINGS PER COMMON SHARE        
Earnings per common share, basic (in USD per share) $ 0.18 $ 0.15 $ 0.35 $ 0.17
Weighted average shares of common stock outstanding-basic (in shares) 60,040,243 59,985,787 60,039,467 59,985,065
EARNINGS PER COMMON SHARE, DILUTED        
Earnings per common share, diluted (in USD per share) $ 0.18 $ 0.15 $ 0.35 $ 0.17
Weighted average shares of common stock outstanding-diluted (in shares) 76,221,780 76,167,324 76,221,004 76,166,602
Dividends declared per common share (in USD per share) $ 0.32 $ 0.28 $ 0.64 $ 0.56
COMPREHENSIVE INCOME        
Net income $ 13,588 $ 11,487 $ 27,102 $ 13,220
Other comprehensive income - change in value of interest rate swaps 3,314 475 8,910 1,222
Reclassification of amortization of forward-starting swap realized gain   (275)    
Comprehensive income 16,627 11,687 35,462 13,699
Comprehensive income attributable to non-controlling interests (3,496) (2,453) (7,462) (2,860)
Comprehensive income attributable to American Assets Trust, Inc. 13,131 9,234 28,000 10,839
Interest Expense        
COMPREHENSIVE INCOME        
Reclassification of amortization of forward-starting swap realized gain (275) (275) (550) (550)
Early Extinguishment of Debt        
COMPREHENSIVE INCOME        
Reclassification of amortization of forward-starting swap realized gain $ 0 $ 0 $ 0 $ (193)