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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate, at cost    
Operating real estate $ 3,524,459 $ 3,502,251
Construction in progress 244,995 239,030
Held for development 487 487
Total Real estate, at cost 3,769,941 3,741,768
Accumulated depreciation (1,087,473) (1,036,453)
Real estate, net 2,682,468 2,705,315
Cash and cash equivalents 114,880 82,888
Accounts receivable, net 7,557 7,624
Deferred rent receivables, net 90,103 89,210
Other assets, net 97,924 99,644
TOTAL ASSETS 2,992,932 2,984,681
LIABILITIES:    
Secured notes payable, net 74,714 74,669
Unsecured notes payable, net 1,616,259 1,614,958
Accounts payable and accrued expenses 70,222 61,312
Security deposits payable 8,951 8,880
Other liabilities and deferred credits, net 77,130 71,187
Total liabilities 1,847,276 1,831,006
Commitments and contingencies (Note 11)
American Assets Trust, Inc. stockholders’ equity    
Common stock, $0.01 par value, 490,000,000 shares authorized, 60,901,583 and 60,895,786 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 609 609
Additional paid-in capital 1,472,569 1,469,206
Accumulated dividends in excess of net income (289,486) (280,239)
Accumulated other comprehensive income 8,557 8,282
Total American Assets Trust, Inc. stockholders’ equity 1,192,249 1,197,858
Noncontrolling interests (46,593) (44,183)
Total equity 1,145,656 1,153,675
TOTAL LIABILITIES AND EQUITY $ 2,992,932 $ 2,984,681