XML 68 R54.htm IDEA: XBRL DOCUMENT v3.24.1.u1
DEBT - Narrative (Details)
3 Months Ended
Jan. 05, 2023
USD ($)
extension
Jan. 05, 2022
USD ($)
extension
Jan. 26, 2021
USD ($)
Oct. 31, 2014
USD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Jan. 05, 2024
Jul. 30, 2019
USD ($)
Jul. 19, 2017
USD ($)
May 23, 2017
USD ($)
Mar. 01, 2017
USD ($)
Debt Instrument [Line Items]                      
Repayments of unsecured debt         $ 0 $ 150,000,000          
Repayment of unsecured line of credit         0 36,000,000          
Third Amended and Restated Credit Facility | Unsecured line of credit, net                      
Debt Instrument [Line Items]                      
Maximum leverage ratio of revolving credit facility   60.00%                  
Maximum secured leverage ratio on revolving credit facility   40.00%                  
Minimum fixed charge coverage ratio covenant threshold   1.50                  
Minimum interest coverage ratio covenant threshold   1.75                  
Maximum unsecured leverage ratio (in percentage)   60.00%                  
Maximum recourse indebtedness of total asset value   15.00%                  
Percentage annual distributions cannot exceed funds from operations   95.00%                  
American Assets Trust, L.P.                      
Debt Instrument [Line Items]                      
Repayments of unsecured debt         0 150,000,000          
Repayment of unsecured line of credit         $ 0 $ 36,000,000          
American Assets Trust, L.P. | Unsecured term loans, net | Secured Overnight Financing Rate                      
Debt Instrument [Line Items]                      
Basis spread on variable rate 1.00%                    
American Assets Trust, L.P. | Unsecured term loans, net | Secured Overnight Financing Rate | Minimum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate 1.20%                    
American Assets Trust, L.P. | Unsecured term loans, net | Secured Overnight Financing Rate | Maximum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate 1.90%                    
American Assets Trust, L.P. | Unsecured term loans, net | Federal Funds Rate                      
Debt Instrument [Line Items]                      
Basis spread on variable rate 0.50%                    
American Assets Trust, L.P. | Unsecured term loans, net | Base Rate                      
Debt Instrument [Line Items]                      
Basis spread on variable rate 0.00%                    
American Assets Trust, L.P. | 3.375% Senior Notes | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Stated Interest Rate     3.375%   3.375%            
Face amount of debt     $ 500,000,000                
Note offering percent     0.98935                
Weighted average yield of investment     3.502%                
Proceeds from debt, net of issuance costs     $ 489,700,000                
Maximum aggregate debt ratio     60.00%                
Minimum debt service ratio     1.5                
Maximum secured debt ratio     40.00%                
Minimum maintenance of total unencumbered assets     150.00%                
American Assets Trust, L.P. | Senior Guaranteed Notes, Series A | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Repayments of unsecured debt     $ 150,000,000                
Make-whole payment     3,900,000                
American Assets Trust, L.P. | Second Amended and Restated Credit Facility | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Repayment of unsecured line of credit     $ 100,000,000                
American Assets Trust, L.P. | Note Purchase Agreement | Senior Guaranteed Notes, Series A                      
Debt Instrument [Line Items]                      
Stated Interest Rate       4.04%              
Face amount of debt       $ 150,000,000              
American Assets Trust, L.P. | Note Purchase Agreement | Senior Guaranteed Notes                      
Debt Instrument [Line Items]                      
Face amount of debt       $ 350,000,000              
Partial debt repayment, minimum percentage of principal       5.00%              
Full debt repayment percentage of principal plus a Make-Whole Amount       100.00%              
American Assets Trust, L.P. | Note Purchase Agreement | Senior Guaranteed Notes, Series B                      
Debt Instrument [Line Items]                      
Stated Interest Rate       4.45%              
Face amount of debt       $ 100,000,000              
American Assets Trust, L.P. | Note Purchase Agreement | Senior Guaranteed Notes, Series C                      
Debt Instrument [Line Items]                      
Stated Interest Rate       4.50%              
Face amount of debt       $ 100,000,000              
American Assets Trust, L.P. | Senior Guaranteed Notes, Series D | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Stated Interest Rate         4.29%           4.29%
Face amount of debt                     $ 250,000,000
American Assets Trust, L.P. | Senior Guaranteed Notes, Series E | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Stated Interest Rate         4.24%         4.24%  
Face amount of debt                   $ 100,000,000  
American Assets Trust, L.P. | Senior Guaranteed Notes, Series F | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Stated Interest Rate         3.78%       3.78%    
Face amount of debt                 $ 100,000,000    
American Assets Trust, L.P. | Senior Guaranteed Notes, Series G | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Stated Interest Rate         3.91%     3.91%      
Face amount of debt               $ 150,000,000      
American Assets Trust, L.P. | Third Amended and Restated Credit Facility                      
Debt Instrument [Line Items]                      
Revolving credit facility borrowing limit, maximum borrowing capacity   $ 500,000,000                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Base Rate                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   1.00%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured line of credit, net                      
Debt Instrument [Line Items]                      
Debt issuance costs, net, revolving credit facility         $ 1,130,000            
Weighted average interest rate         6.54%            
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured line of credit, net | Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Revolving credit facility borrowing limit, maximum borrowing capacity   $ 400,000,000                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured line of credit, net | Revolving Credit Facility | Secured Overnight Financing Rate | Minimum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   1.05%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured line of credit, net | Revolving Credit Facility | Secured Overnight Financing Rate | Maximum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   1.50%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured line of credit, net | Revolving Credit Facility | Base Rate | Minimum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   0.10%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured line of credit, net | Revolving Credit Facility | Base Rate | Maximum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   0.50%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Revolving credit facility borrowing limit, maximum borrowing capacity   $ 100,000,000                  
Number of extensions available | extension   2                  
Extension term   6 months                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured term loans, net | Secured Overnight Financing Rate                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   1.00%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured term loans, net | Secured Overnight Financing Rate | Minimum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   1.20%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured term loans, net | Secured Overnight Financing Rate | Maximum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   1.70%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured term loans, net | Federal Funds Rate                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   0.50%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured term loans, net | Base Rate | Minimum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   0.20%                  
American Assets Trust, L.P. | Third Amended and Restated Credit Facility | Unsecured term loans, net | Base Rate | Maximum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate   0.70%                  
American Assets Trust, L.P. | Term Loan B                      
Debt Instrument [Line Items]                      
Face amount of debt $ 150,000,000                    
American Assets Trust, L.P. | Term Loan B | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Face amount of debt 150,000,000                    
American Assets Trust, L.P. | Term Loan C                      
Debt Instrument [Line Items]                      
Face amount of debt 75,000,000                    
American Assets Trust, L.P. | Term Loan C | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Face amount of debt $ 75,000,000                    
American Assets Trust, L.P. | Term Loan B & Term Loan C                      
Debt Instrument [Line Items]                      
Number of extensions available | extension 1                    
Extension term 12 months                    
American Assets Trust, L.P. | Term Loan B & Term Loan C | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Number of extensions available | extension 1                    
Extension term 12 months                    
American Assets Trust, L.P. | Term Loan B & Term Loan C | Unsecured term loans, net | Base Rate | Minimum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate 0.20%                    
American Assets Trust, L.P. | Term Loan B & Term Loan C | Unsecured term loans, net | Base Rate | Maximum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate 0.90%                    
American Assets Trust, L.P. | Interest Rate Swap, Year One | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Fixed interest rate on derivative 5.47%                    
American Assets Trust, L.P. | Interest Rate Swap, Year Two | Unsecured term loans, net                      
Debt Instrument [Line Items]                      
Fixed interest rate on derivative 5.57%                    
Interest Rate Swap | American Assets Trust, L.P. | Term Loan A                      
Debt Instrument [Line Items]                      
Fixed interest rate on derivative         2.70%   2.70%