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Consolidated Statements of Cash Flows - LP - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 39,917 $ 36,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (3,997) (4,950)
Depreciation and amortization 61,228 59,724
Amortization of debt issuance costs and debt discounts 1,670 1,718
Provision for uncollectible rental income 490 739
Stock-based compensation expense 3,363 4,145
Lease termination income 11,065 0
Other noncash interest expense, net (197) (952)
Other, net 131 432
Changes in operating assets and liabilities    
Change in accounts receivable (302) (3)
Change in other assets (1,768) (1,374)
Change in accounts payable and accrued expenses 2,444 1,723
Change in security deposits payable 71 (19)
Change in other liabilities and deferred credits (55) 872
Net cash provided by operating activities 114,060 98,118
INVESTING ACTIVITIES    
Capital expenditures (26,616) (44,411)
Leasing commissions (3,808) (4,675)
Net cash used in investing activities (30,424) (49,086)
FINANCING ACTIVITIES    
Proceeds from unsecured term loan 0 225,000
Repayment of unsecured line of credit 0 (36,000)
Repayment of unsecured notes payable 0 (150,000)
Debt issuance costs 0 (2,138)
Distributions (51,644) (50,756)
Net cash used in financing activities (51,644) (13,894)
Net increase in cash and cash equivalents 31,992 35,138
Cash and cash equivalents, beginning of period 82,888 49,571
Cash and cash equivalents, end of period 114,880 84,709
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 39,917 36,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (3,997) (4,950)
Depreciation and amortization 61,228 59,724
Amortization of debt issuance costs and debt discounts 1,670 1,718
Provision for uncollectible rental income 490 739
Stock-based compensation expense 3,363 4,145
Lease termination income 11,065 0
Other noncash interest expense, net (197) (952)
Other, net 131 432
Changes in operating assets and liabilities    
Change in accounts receivable (302) (3)
Change in other assets (1,768) (1,374)
Change in accounts payable and accrued expenses 2,444 1,723
Change in security deposits payable 71 (19)
Change in other liabilities and deferred credits (55) 872
Net cash provided by operating activities 114,060 98,118
INVESTING ACTIVITIES    
Capital expenditures (26,616) (44,411)
Leasing commissions (3,808) (4,675)
Net cash used in investing activities (30,424) (49,086)
FINANCING ACTIVITIES    
Proceeds from unsecured term loan 0 225,000
Repayment of unsecured line of credit 0 (36,000)
Repayment of unsecured notes payable 0 (150,000)
Debt issuance costs 0 (2,138)
Distributions (51,644) (50,756)
Net cash used in financing activities (51,644) (13,894)
Net increase in cash and cash equivalents 31,992 35,138
Cash and cash equivalents, beginning of period 82,888 49,571
Cash and cash equivalents, end of period $ 114,880 $ 84,709