XML 24 R10.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statement of Partners' Capital - LP - USD ($)
$ in Thousands
Total
Interest Rate Swap
Treasury Lock
American Assets Trust, L.P.
American Assets Trust, L.P.
Interest Rate Swap
American Assets Trust, L.P.
Treasury Lock
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
Interest Rate Swap
American Assets Trust, L.P.
Accumulated Other Comprehensive Income (Loss)
Treasury Lock
American Assets Trust, L.P.
Limited Partners' Capital
 [1]
American Assets Trust, L.P.
General Partner's Capital
Beginning partners' capital account (in shares) at Dec. 31, 2023                   16,181,537 60,895,786 [2]
Beginning partners' capital account at Dec. 31, 2023       $ 1,153,675     $ 11,035     $ (46,936) $ 1,189,576 [2]
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Net income $ 24,623     24,623           5,167 $ 19,456 [2]
Forfeiture of restricted units (in shares) [2]                     (1,295)
Distributions       (25,821)           $ (5,421) $ (20,400) [2]
Stock-based compensation       1,617             $ 1,617 [2]
Other comprehensive income (loss) 1,392     1,392     1,392        
Reclassification of amortization of forward-starting swap included in interest expense (98)     (98)     (98)        
Ending partners' capital account (in shares) at Mar. 31, 2024                   16,181,537 60,894,491 [2]
Ending partners' capital account at Mar. 31, 2024       1,155,388     12,329     $ (47,190) $ 1,190,249 [2]
Beginning partners' capital account (in shares) at Dec. 31, 2023                   16,181,537 60,895,786 [2]
Beginning partners' capital account at Dec. 31, 2023       1,153,675     11,035     $ (46,936) $ 1,189,576 [2]
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Net income 61,235     61,235              
Other comprehensive income (loss)   $ (3,191) $ (1,345)   $ (3,191) $ (1,345)          
Reclassification of amortization of forward-starting swap included in interest expense (295)     (295)              
Ending partners' capital account (in shares) at Sep. 30, 2024                   16,181,537 60,901,583 [2]
Ending partners' capital account at Sep. 30, 2024       1,137,961     6,204     $ (50,369) $ 1,182,126 [2]
Beginning partners' capital account (in shares) at Mar. 31, 2024                   16,181,537 60,894,491 [2]
Beginning partners' capital account at Mar. 31, 2024       1,155,388     12,329     $ (47,190) $ 1,190,249 [2]
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Net income 15,294     15,294           3,195 $ 12,099 [2]
Issuance of restricted stock (in shares) [2]                     9,180
Forfeiture of restricted units (in shares) [2]                     (2,088)
Distributions       (25,823)           $ (5,421) $ (20,402) [2]
Stock-based compensation       1,746             $ 1,746 [2]
Other comprehensive income (loss) (850)     (850)     (850)        
Reclassification of amortization of forward-starting swap included in interest expense (99)     (99)     (99)        
Ending partners' capital account (in shares) at Jun. 30, 2024                   16,181,537 60,901,583 [2]
Ending partners' capital account at Jun. 30, 2024       1,145,656     11,380     $ (49,416) $ 1,183,692 [2]
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Net income 21,318     21,318           4,467 16,851 [2]
Distributions       (25,822)           $ (5,420) (20,402) [2]
Stock-based compensation       1,985             $ 1,985 [2]
Other comprehensive income (loss)   (3,733) (1,345)   (3,733) (1,345)   $ (3,733) $ (1,345)    
Reclassification of amortization of forward-starting swap included in interest expense (98)     (98)     (98)        
Ending partners' capital account (in shares) at Sep. 30, 2024                   16,181,537 60,901,583 [2]
Ending partners' capital account at Sep. 30, 2024       1,137,961     6,204     $ (50,369) $ 1,182,126 [2]
Beginning partners' capital account (in shares) at Dec. 31, 2024                   16,181,537 61,138,238 [2]
Beginning partners' capital account at Dec. 31, 2024       1,124,321     6,565     $ (53,385) $ 1,171,141 [2]
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Net income 54,107     54,107           11,369 $ 42,738 [2]
Forfeiture of restricted units (in shares) [2]                     (3,508)
Distributions       (26,288)           $ (5,502) $ (20,786) [2]
Stock-based compensation       1,670             $ 1,670 [2]
Other comprehensive income (loss) (1,192)     (1,192)     (1,192)        
Reclassification of amortization of forward-starting swap included in interest expense (258)     (258)     (258)        
Ending partners' capital account (in shares) at Mar. 31, 2025                   16,181,537 61,134,730 [2]
Ending partners' capital account at Mar. 31, 2025       1,152,360     5,115     $ (47,518) $ 1,194,763 [2]
Beginning partners' capital account (in shares) at Dec. 31, 2024                   16,181,537 61,138,238 [2]
Beginning partners' capital account at Dec. 31, 2024       1,124,321     6,565     $ (53,385) $ 1,171,141 [2]
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Net income 67,149     67,149              
Other comprehensive income (loss)   (2,586) 0   (2,586) 0          
Reclassification of amortization of forward-starting swap included in interest expense (774)     (774)              
Ending partners' capital account (in shares) at Sep. 30, 2025                   16,181,537 61,152,542 [2]
Ending partners' capital account at Sep. 30, 2025       1,114,391     3,205     $ (55,857) $ 1,167,043 [2]
Beginning partners' capital account (in shares) at Mar. 31, 2025                   16,181,537 61,134,730 [2]
Beginning partners' capital account at Mar. 31, 2025       1,152,360     5,115     $ (47,518) $ 1,194,763 [2]
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Net income 7,121     7,121           1,459 $ 5,662 [2]
Issuance of restricted stock (in shares) [2]                     17,812
Issuance of restricted stock 1     1             $ 1 [2]
Distributions       (26,294)           $ (5,501) (20,793) [2]
Stock-based compensation       1,683             $ 1,683 [2]
Other comprehensive income (loss) (768)     (768)     (768)        
Reclassification of amortization of forward-starting swap included in interest expense (258)     (258)     (258)        
Ending partners' capital account (in shares) at Jun. 30, 2025                   16,181,537 61,152,542 [2]
Ending partners' capital account at Jun. 30, 2025       1,133,845     4,089     $ (51,560) $ 1,181,316 [2]
Increase (Decrease) in Partners' Capital [Roll Forward]                      
Net income 5,921     5,921           1,205 4,716 [2]
Distributions       (26,294)           $ (5,502) (20,792) [2]
Stock-based compensation       1,803             $ 1,803 [2]
Other comprehensive income (loss)   $ (626) $ 0   $ (626) $ 0   $ (626)      
Reclassification of amortization of forward-starting swap included in interest expense $ (258)     (258)     (258)        
Ending partners' capital account (in shares) at Sep. 30, 2025                   16,181,537 61,152,542 [2]
Ending partners' capital account at Sep. 30, 2025       $ 1,114,391     $ 3,205     $ (55,857) $ 1,167,043 [2]
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general partnership interests held by American Assets Trust, Inc.