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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2022:
PeriodAmount per
Share/Unit
Period CoveredDividend Paid Date
First Quarter 2022$0.32 January 1, 2022 to March 31, 2022March 24, 2022
Second Quarter 2022$0.32 April 1, 2022 to June 30, 2022June 23, 2022
Activity of Restricted Stock Awards The following table summarizes the activity of restricted stock awards during the six months ended June 30, 2022:
UnitsWeighted Average Grant Date Fair Value
Nonvested at January 1, 2022487,397 $23.78 
Granted6,072 32.94 
Vested(6,350)35.66 
Forfeited(3,121)23.18 
Nonvested at June 30, 2022483,998 $23.74 
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 June 30,Six Months Ended June 30,
2022202120222021
NUMERATOR
Net income$13,588 $11,487 $27,102 $13,220 
Less: Net income attributable to restricted shares(154)(135)(309)(272)
Less: Income from operations attributable to unitholders in the Operating Partnership
(2,852)(2,411)(5,688)(2,750)
Net income attributable to common stockholders—basic
$10,582 $8,941 $21,105 $10,198 
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$10,582 $8,941 $21,105 $10,198 
Plus: Income from operations attributable to unitholders in the Operating Partnership
2,852 2,411 5,688 2,750 
Net income attributable to common stockholders—diluted
$13,434 $11,352 $26,793 $12,948 
DENOMINATOR
Weighted average common shares outstanding—basic60,040,243 59,985,787 60,039,467 59,985,065 
Effect of dilutive securities—conversion of Operating Partnership units
16,181,537 16,181,537 16,181,537 16,181,537 
Weighted average common shares outstanding—diluted76,221,780 76,167,324 76,221,004 76,166,602 
Earnings per common share, basic$0.18 $0.15 $0.35 $0.17 
Earnings per common share, diluted$0.18 $0.15 $0.35 $0.17