EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)

3 Months Ended

Mar. 31, 2023

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 three months ended March 31, 2023:

Period	Amount per Share/Unit		Period Covered	Dividend Paid Date
First Quarter 2023	$	0.33	January 1, 2023 to March 31, 2023	March 23, 2023

Activity of Restricted Stock Awards

The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2023:

	Units	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2023	574,044	$	20.98
Granted	—	—
Vested	—	—
Forfeited	(818)	20.93
Nonvested at March 31, 2023	573,226	$	20.98

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 March 31,
	2023		2022
NUMERATOR
Net income	$	20,666	$	13,514
Less: Net income attributable to restricted shares	(189)		(155)
Less: Income from operations attributable to unitholders in the Operating Partnership	(4,341)		(2,836)
Net income attributable to common stockholders—basic	$	16,136	$	10,523
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic	$	16,136	$	10,523
Plus: Income from operations attributable to unitholders in the Operating Partnership	4,341		2,836
Net income attributable to common stockholders—diluted	$	20,477	$	13,359
DENOMINATOR
Weighted average common shares outstanding—basic	60,144,609		60,038,683
Effect of dilutive securities—conversion of Operating Partnership units	16,181,537		16,181,537
Weighted average common shares outstanding—diluted	76,326,146		76,220,220
Earnings per common share, basic	$	0.27	$	0.18
Earnings per common share, diluted	$	0.27	$	0.18