XML 25 R11.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows - LP - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net income $ 67,149 $ 61,235
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (3) (5,329)
Depreciation and amortization 95,290 94,757
Amortization of debt issuance costs and debt discounts 2,173 2,558
Provision for uncollectible rental income 389 1,095
Gain on sale of real estate (44,476) 0
Stock-based compensation expense 5,156 5,348
Settlement of treasury locks 0 (1,345)
Other noncash interest expense, net (774) (295)
Other, net 2,066 1,305
Changes in operating assets and liabilities    
Change in accounts receivable 465 (1,659)
Change in other assets (2,184) (2,584)
Change in accounts payable and accrued expenses 823 10,881
Change in security deposits payable 191 230
Change in other liabilities and deferred credits 280 267
Net cash provided by operating activities 126,545 166,464
INVESTING ACTIVITIES    
Acquisition of real estate (67,879) 0
Capital expenditures (54,687) (51,051)
Proceeds from sale of real estate, net of selling costs 117,784 0
Leasing commissions (4,832) (5,712)
Net cash used in investing activities (9,614) (56,763)
FINANCING ACTIVITIES    
Proceeds from unsecured line of credit 0 100,000
Repayment of unsecured line of credit 0 100,000
Repayment of secured notes payable (225,000) 0
Proceeds from unsecured notes payable 0 523,273
Repayment of unsecured notes payable (100,000) (100,000)
Debt issuance costs 0 (5,392)
Distributions (78,876) (77,466)
Net cash (used in) provided by financing activities (403,876) 340,415
Net (decrease) increase in cash and cash equivalents (286,945) 450,116
Cash and cash equivalents, beginning of period 425,659 82,888
Cash and cash equivalents, end of period 138,714 533,004
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 67,149 61,235
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (3) (5,329)
Depreciation and amortization 95,290 94,757
Amortization of debt issuance costs and debt discounts 2,173 2,558
Provision for uncollectible rental income 389 1,095
Gain on sale of real estate (44,476) 0
Stock-based compensation expense 5,156 5,348
Settlement of treasury locks 0 (1,345)
Other noncash interest expense, net (774) (295)
Other, net 2,066 1,305
Changes in operating assets and liabilities    
Change in accounts receivable 465 (1,659)
Change in other assets (2,184) (2,584)
Change in accounts payable and accrued expenses 823 10,881
Change in security deposits payable 191 230
Change in other liabilities and deferred credits 280 267
Net cash provided by operating activities 126,545 166,464
INVESTING ACTIVITIES    
Acquisition of real estate (67,879) 0
Capital expenditures (54,687) (51,051)
Proceeds from sale of real estate, net of selling costs 117,784 0
Leasing commissions (4,832) (5,712)
Net cash used in investing activities (9,614) (56,763)
FINANCING ACTIVITIES    
Proceeds from unsecured line of credit 0 100,000
Repayment of unsecured line of credit 0 100,000
Repayment of secured notes payable (225,000) 0
Proceeds from unsecured notes payable 0 523,273
Repayment of unsecured notes payable (100,000) (100,000)
Debt issuance costs 0 (5,392)
Distributions (78,876) (77,466)
Net cash (used in) provided by financing activities (403,876) 340,415
Net (decrease) increase in cash and cash equivalents (286,945) 450,116
Cash and cash equivalents, beginning of period 425,659 82,888
Cash and cash equivalents, end of period $ 138,714 $ 533,004