Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Operating real estate	$ 3,494,369	$ 3,468,537
Construction in progress	233,720	202,385
Held for development	547	547
Total Real estate, at cost	3,728,636	3,671,469
Accumulated depreciation	(1,013,367)	(936,913)
Real estate, net	2,715,269	2,734,556
Cash and cash equivalents	89,968	49,571
Accounts receivable, net	7,875	7,848
Deferred rent receivables, net	89,023	87,192
Other assets, net	108,584	108,714
TOTAL ASSETS	3,010,719	2,987,881
LIABILITIES:
Secured notes payable, net	74,646	74,578
Unsecured notes payable, net	1,614,307	1,539,453
Unsecured line of credit, net	0	34,057
Accounts payable and accrued expenses	70,970	65,992
Security deposits payable	8,952	8,699
Other liabilities and deferred credits, net	73,194	79,577
Total liabilities	1,842,069	1,802,356
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity
Common stock, $0.01 par value, 490,000,000 shares authorized, 60,724,630 and 60,718,653 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	607	607
Additional paid-in capital	1,467,455	1,461,201
Accumulated dividends in excess of net income	(270,817)	(251,167)
Accumulated other comprehensive income	12,051	10,624
Total American Assets Trust, Inc. stockholders’ equity	1,209,296	1,221,265
Noncontrolling interests	(40,646)	(35,740)
Total equity	1,168,650	1,185,525
TOTAL LIABILITIES AND EQUITY	$ 3,010,719	$ 2,987,881