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Consolidated Statements of Comprehensive Income - LP - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE:      
Rental income $ 402,507 $ 360,208 $ 330,312
Other property income 20,141 15,620 14,261
Total revenue 422,648 375,828 344,573
EXPENSES:      
Rental expenses 107,645 86,980 79,178
Real estate taxes 44,788 42,794 41,941
General and administrative 32,143 29,879 26,581
Depreciation and amortization 123,338 116,306 108,292
Total operating expenses 307,914 275,959 255,992
Operating income (loss) 114,734 99,869 88,581
Interest expense, net (58,232) (58,587) (53,440)
Loss on early extinguishment of debt 0 (4,271) 0
Other (expense) income, net (625) (418) 447
Net income 55,877 36,593 35,588
Net income attributable to restricted shares (648) (564) (383)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 43,506 $ 28,376 $ 27,660
EARNINGS PER COMMON SHARE, BASIC      
Earnings per unit, basic (in USD per share) $ 0.72 $ 0.47 $ 0.46
Weighted average units outstanding - basic (in shares) 60,048,970 59,990,740 59,806,309
EARNINGS PER COMMON SHARE, DILUTED      
Earnings per unit, diluted (in USD per share) $ 0.72 $ 0.47 $ 0.46
Weighted average units outstanding - diluted (in shares) 76,230,507 76,172,277 76,119,763
COMPREHENSIVE INCOME      
Net income $ 55,877 $ 36,593 $ 35,588
Other comprehensive gain (loss) - unrealized gain (loss) on swap derivatives during the period 11,319 2,723 (3,649)
Comprehensive income 65,719 38,025 30,609
Comprehensive income attributable to American Assets Trust, Inc. 51,906 30,059 24,113
Interest Expense      
COMPREHENSIVE INCOME      
Reclassification of amortization of forward-starting swap (1,477) (1,098) (1,330)
Early Extinguishment of Debt      
COMPREHENSIVE INCOME      
Reclassification of amortization of forward-starting swap 0 (193) 0
American Assets Trust, L.P.      
REVENUE:      
Rental income 402,507 360,208 330,312
Other property income 20,141 15,620 14,261
Total revenue 422,648 375,828 344,573
EXPENSES:      
Rental expenses 107,645 86,980 79,178
Real estate taxes 44,788 42,794 41,941
General and administrative 32,143 29,879 26,581
Depreciation and amortization 123,338 116,306 108,292
Total operating expenses 307,914 275,959 255,992
Operating income (loss) 114,734 99,869 88,581
Interest expense, net (58,232) (58,587) (53,440)
Loss on early extinguishment of debt 0 (4,271) 0
Other (expense) income, net (625) (418) 447
Net income 55,877 36,593 35,588
Net income attributable to restricted shares (648) (564) (383)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 55,229 $ 36,029 $ 35,205
EARNINGS PER COMMON SHARE, BASIC      
Earnings per unit, basic (in USD per share) $ 0.72 $ 0.47 $ 0.46
Weighted average units outstanding - basic (in shares) 76,230,507 76,172,277 76,119,763
EARNINGS PER COMMON SHARE, DILUTED      
Earnings per unit, diluted (in USD per share) $ 0.72 $ 0.47 $ 0.46
Weighted average units outstanding - diluted (in shares) 76,230,507 76,172,277 76,119,763
DISTRIBUTIONS PER UNIT (in dollars per share) $ 1.28 $ 1.16 $ 1.00
COMPREHENSIVE INCOME      
Net income $ 55,877 $ 36,593 $ 35,588
Other comprehensive gain (loss) - unrealized gain (loss) on swap derivatives during the period 11,319 2,723 (3,649)
Comprehensive income 65,719 38,025 30,609
American Assets Trust, L.P. | Interest Expense      
COMPREHENSIVE INCOME      
Reclassification of amortization of forward-starting swap (1,477) (1,098) (1,330)
American Assets Trust, L.P. | Early Extinguishment of Debt      
COMPREHENSIVE INCOME      
Reclassification of amortization of forward-starting swap 0 (193) 0
Limited Partner | American Assets Trust, L.P.      
EXPENSES:      
Net income [1] 11,723 7,653 7,545
COMPREHENSIVE INCOME      
Net income [1] 11,723 7,653 7,545
Comprehensive income attributable to American Assets Trust, Inc. (13,813) (7,966) (6,496)
General Partner | American Assets Trust, L.P.      
EXPENSES:      
Net income [2] 44,154 28,940 28,043
COMPREHENSIVE INCOME      
Net income [2] 44,154 28,940 28,043
Comprehensive income attributable to American Assets Trust, Inc. $ 51,906 $ 30,059 $ 24,113
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general and limited partnership interests held by American Assets Trust, Inc.