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Consolidated Balance Sheets - LP - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real estate, at cost    
Operating real estate $ 3,668,738 $ 3,449,009
Construction in progress 73,727 176,868
Held for development 487 487
Total Real estate, at cost 3,742,952 3,626,364
Accumulated depreciation (1,116,022) (1,038,878)
Real estate, net 2,626,930 2,587,486
Cash and cash equivalents 138,714 425,659
Accounts receivable, net 7,819 6,905
Deferred rent receivables, net 85,827 88,059
Other assets, net 82,765 87,737
Real estate assets held for sale 0 77,519
TOTAL ASSETS 2,942,055 3,273,365
LIABILITIES:    
Secured notes payable, net 74,827 74,759
Unsecured notes payable, net 1,612,228 1,935,756
Accounts payable and accrued expenses 69,581 63,693
Security deposits payable 9,323 8,896
Other liabilities and deferred credits, net 61,705 62,588
Liabilities related to real estate assets held for sale 0 3,352
Total liabilities 1,827,664 2,149,044
Commitments and contingencies (Note 12)
CAPITAL:    
Accumulated other comprehensive income 2,111 4,760
TOTAL LIABILITIES AND EQUITY 2,942,055 3,273,365
American Assets Trust, L.P.    
Real estate, at cost    
Operating real estate 3,668,738 3,449,009
Construction in progress 73,727 176,868
Held for development 487 487
Total Real estate, at cost 3,742,952 3,626,364
Accumulated depreciation (1,116,022) (1,038,878)
Real estate, net 2,626,930 2,587,486
Cash and cash equivalents 138,714 425,659
Accounts receivable, net 7,819 6,905
Deferred rent receivables, net 85,827 88,059
Other assets, net 82,765 87,737
Real estate assets held for sale 0 77,519
TOTAL ASSETS 2,942,055 3,273,365
LIABILITIES:    
Secured notes payable, net 74,827 74,759
Unsecured notes payable, net 1,612,228 1,935,756
Accounts payable and accrued expenses 69,581 63,693
Security deposits payable 9,323 8,896
Other liabilities and deferred credits, net 61,705 62,588
Liabilities related to real estate assets held for sale 0 3,352
Total liabilities 1,827,664 2,149,044
Commitments and contingencies (Note 12)
CAPITAL:    
Limited partners' capital, 16,181,537 and 16,181,537 units issued and outstanding as of September 30, 2025 and December 31, 2024, respectively (55,857) (53,385)
General partner's capital, 61,152,542 and 61,138,238 units issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 1,167,043 1,171,141
Accumulated other comprehensive income 3,205 6,565
Total capital 1,114,391 1,124,321
TOTAL LIABILITIES AND EQUITY $ 2,942,055 $ 3,273,365