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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Operating real estate $ 3,450,995 $ 3,389,726
Construction in progress 194,798 139,098
Held for development 547 547
Total Real estate, at cost 3,646,340 3,529,371
Accumulated depreciation (910,556) (847,390)
Real estate, net 2,735,784 2,681,981
Cash and cash equivalents 63,431 139,524
Accounts receivable, net 8,566 7,445
Deferred rent receivables, net 88,375 82,724
Other assets, net 112,421 106,253
Total assets 3,008,577 3,017,927
LIABILITIES:    
Secured notes payable, net 74,555 110,965
Unsecured notes payable, net 1,538,986 1,538,238
Unsecured line of credit, net 33,895 0
Accounts payable and accrued expenses 72,355 64,531
Security deposits payable 8,821 7,855
Other liabilities and deferred credits, net 82,242 86,215
Total liabilities 1,810,854 1,807,804
Commitments and contingencies (Note 12)
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 September 30, 2022 and December 31, 2021, respectively 605 605
Additional paid-in capital 1,458,748 1,453,272
Accumulated dividends in excess of net income (241,549) (217,785)
Accumulated other comprehensive income 12,554 2,872
Total American Assets Trust, Inc. stockholders’ equity 1,230,358 1,238,964
Noncontrolling interests (32,635) (28,841)
Total equity 1,197,723 1,210,123
TOTAL LIABILITIES AND EQUITY $ 3,008,577 $ 3,017,927