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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Operating real estate $ 3,128,089 $ 3,096,886
Construction in progress 94,232 91,264
Held for development 547 547
Total Real estate, at cost 3,222,868 3,188,697
Accumulated depreciation (710,795) (665,222)
Net real estate 2,512,073 2,523,475
Cash and cash equivalents 146,131 99,303
Restricted cash 3,957 10,148
Accounts receivable, net 13,544 12,016
Deferred rent receivables, net 63,214 52,171
Other assets, net 107,363 93,220
Total assets 2,846,282 2,790,333
LIABILITIES AND EQUITY    
Secured notes payable, net 110,902 161,879
Unsecured notes payable, net 1,196,291 1,195,780
Unsecured line of credit, net 98,948 0
Accounts payable and accrued expenses 65,780 62,576
Security deposits payable 7,685 8,316
Other liabilities and deferred credits, net 90,188 68,110
Total liabilities 1,569,794 1,496,661
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Common stock, $0.01 par value, 490,000,000 shares authorized, 60,073,918 and 60,068,228 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 601 601
Additional paid-in capital 1,454,516 1,452,014
Accumulated dividends in excess of net income (154,516) (144,378)
Accumulated other comprehensive income 352 5,680
Total American Assets Trust, Inc. stockholders’ equity 1,300,953 1,313,917
Noncontrolling interests (24,465) (20,245)
Total equity 1,276,488 1,293,672
CAPITAL:    
TOTAL LIABILITIES AND EQUITY 2,846,282 2,790,333
American Assets Trust, L.P.    
ASSETS    
Operating real estate 3,128,089 3,096,886
Construction in progress 94,232 91,264
Held for development 547 547
Total Real estate, at cost 3,222,868 3,188,697
Accumulated depreciation (710,795) (665,222)
Net real estate 2,512,073 2,523,475
Cash and cash equivalents 146,131 99,303
Restricted cash 3,957 10,148
Accounts receivable, net 13,544 12,016
Deferred rent receivables, net 63,214 52,171
Other assets, net 107,363 93,220
Total assets 2,846,282 2,790,333
LIABILITIES AND EQUITY    
Secured notes payable, net 110,902 161,879
Unsecured notes payable, net 1,196,291 1,195,780
Unsecured line of credit, net 98,948 0
Accounts payable and accrued expenses 65,780 62,576
Security deposits payable 7,685 8,316
Other liabilities and deferred credits, net 90,188 68,110
Total liabilities 1,569,794 1,496,661
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Accumulated other comprehensive income 950 7,716
CAPITAL:    
Limited partners' capital, 16,390,548 units issued and outstanding as of both June 30, 2020 and December 31, 2019 (25,063) (22,281)
General partner's capital, 60,073,918 and 60,068,228 units issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 1,300,601 1,308,237
Total capital 1,276,488 1,293,672
TOTAL LIABILITIES AND EQUITY $ 2,846,282 $ 2,790,333