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EQUITY OF AMERICAN ASSETS TRUST, INC. (Tables) | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
Summary 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 nine months ended September 30, 2025:
Period |  | Amount per Share/Unit |  | Period Covered |  | Dividend Paid Date
First Quarter 2025 |  | $ | 0.340 |  |  | January 1, 2025 to March 31, 2025 |  | March 20, 2025
Second Quarter 2025 |  | $ | 0.340 |  |  | April 1, 2025 to June 30, 2025 |  | June 18, 2025
Third Quarter 2025 |  | $ | 0.340 |  |  | July 1, 2025 to September 30, 2025 |  | September 18, 2025
Summary of Activity of Restricted Stock Awards | The following table summarizes the activity of restricted stock awards during the nine months ended September 30, 2025:
| Units |  | Weighted Average Grant Date Fair Value
Nonvested at January 1, 2025 | 600,938 |  |  | $ | 19.40 |
Granted | 17,812 |  |  | 20.21 |
Vested | (9,180) |  |  | 21.79 |
Forfeited | (3,508) |  |  | 17.67 |
Nonvested at September 30, 2025 | 606,062 |  |  | $ | 19.39 |
Summary 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 September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
NUMERATOR |  |  |  |  |  |  |
Net income | $ | 5,921 |  |  | $ | 21,318 |  |  | $ | 67,149 |  |  | $ | 61,235 |
Less: Net income attributable to restricted shares | (207) |  |  | (194) |  |  | (616) |  |  | (585) |
Less: Income from operations attributable to unitholders in the Operating Partnership | (1,205) |  |  | (4,467) |  |  | (14,033) |  |  | (12,829) |
Net income attributable to common stockholders—basic | $ | 4,509 |  |  | $ | 16,657 |  |  | $ | 52,500 |  |  | $ | 47,821 |
Income from operations attributable to American Assets Trust, Inc. common stockholders—basic | $ | 4,509 |  |  | $ | 16,657 |  |  | $ | 52,500 |  |  | $ | 47,821 |
Plus: Income from operations attributable to unitholders in the Operating Partnership | 1,205 |  |  | 4,467 |  |  | 14,033 |  |  | 12,829 |
Net income attributable to common stockholders—diluted | $ | 5,714 |  |  | $ | 21,124 |  |  | $ | 66,533 |  |  | $ | 60,650 |
DENOMINATOR |  |  |  |  |  |  |
Weighted average common shares outstanding—basic | 60,546,480 |  |  | 60,320,269 |  |  | 60,541,335 |  |  | 60,314,377 |
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—diluted | 76,728,017 |  |  | 76,501,806 |  |  | 76,722,872 |  |  | 76,495,914 |
Earnings per common share, basic | $ | 0.07 |  |  | $ | 0.28 |  |  | $ | 0.87 |  |  | $ | 0.79 |
Earnings per common share, diluted | $ | 0.07 |  |  | $ | 0.28 |  |  | $ | 0.87 |  |  | $ | 0.79 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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