EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of 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, 2024:

Period	Amount per Share/Unit		Period Covered	Dividend Paid Date
First Quarter 2024	$	0.335	January 1, 2024 to March 31, 2024	March 21, 2024

Schedule of Activity of Restricted Stock Awards

The following table summarizes the activity of restricted stock awards during the three months ended March 31, 2024:

	Units	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2024	585,865	$	17.95
Granted	—	—
Vested	—	—
Forfeited	(1,295)	17.32
Nonvested at March 31, 2024	584,570	$	17.95

Schedule of 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,
	2024		2023
NUMERATOR
Net income	$	24,623	$	20,666
Less: Net income attributable to restricted shares	(196)		(189)
Less: Income from operations attributable to unitholders in the Operating Partnership	(5,167)		(4,341)
Net income attributable to common stockholders—basic	$	19,260	$	16,136
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic	$	19,260	$	16,136
Plus: Income from operations attributable to unitholders in the Operating Partnership	5,167		4,341
Net income attributable to common stockholders—diluted	$	24,427	$	20,477
DENOMINATOR
Weighted average common shares outstanding—basic	60,309,921		60,144,609
Effect of dilutive securities—conversion of Operating Partnership units	16,181,537		16,181,537
Weighted average common shares outstanding—diluted	76,491,458		76,326,146
Earnings per common share, basic	$	0.32	$	0.27
Earnings per common share, diluted	$	0.32	$	0.27