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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2024:
PeriodAmount per
Share/Unit
Period CoveredDividend Paid Date
First Quarter 2024$0.335 January 1, 2024 to March 31, 2024March 21, 2024
Second Quarter 2024$0.335 April 1, 2024 to June 30, 2024June 20, 2024
Schedule of Activity of Restricted Stock Awards
The following table summarizes the activity of restricted stock awards during the six months ended June 30, 2024:
UnitsWeighted Average Grant Date Fair Value
Nonvested at January 1, 2024585,865 $17.95 
Granted9,180 21.79 
Vested(10,348)19.33 
Forfeited(3,383)16.80 
Nonvested at June 30, 2024581,314 $17.65 
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 June 30,Six Months Ended June 30,
2024202320242023
NUMERATOR
Net income$15,294 $15,397 $39,917 $36,063 
Less: Net income attributable to restricted shares(195)(190)(391)(379)
Less: Income from operations attributable to unitholders in the Operating Partnership
(3,195)(3,224)(8,362)(7,565)
Net income attributable to common stockholders—basic
$11,904 $11,983 $31,164 $28,119 
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic
$11,904 $11,983 $31,164 $28,119 
Plus: Income from operations attributable to unitholders in the Operating Partnership
3,195 3,224 8,362 7,565 
Net income attributable to common stockholders—diluted
$15,099 $15,207 $39,526 $35,684 
DENOMINATOR
Weighted average common shares outstanding—basic60,312,878 60,146,210 60,311,399 60,145,414 
Effect of dilutive securities—conversion of Operating Partnership units
16,181,537 16,181,537 16,181,537 16,181,537 
Weighted average common shares outstanding—diluted76,494,415 76,327,747 76,492,936 76,326,951 
Earnings per common share, basic$0.20 $0.20 $0.52 $0.47 
Earnings per common share, diluted$0.20 $0.20 $0.52 $0.47