v3.25.4
Consolidated Statements of Comprehensive Income - LP - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUE:      
Rental income $ 410,493 $ 423,611 $ 419,373
Other property income 25,711 34,244 21,791
Total revenue 436,204 457,855 441,164
EXPENSES:      
Rental expenses 124,601 123,503 118,801
Real estate taxes 44,994 44,224 45,156
General and administrative 37,841 35,468 35,960
Depreciation and amortization 127,312 125,461 119,500
Total operating expenses 334,748 328,656 319,417
Gain on sale of real estate 44,476 0 0
OPERATING INCOME 145,932 129,199 121,747
Interest expense, net (78,120) (74,527) (64,706)
Other income, net 3,558 18,147 7,649
NET INCOME 71,370 72,819 64,690
Net income attributable to restricted shares (852) (787) (761)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 55,648 $ 56,798 $ 50,378
EARNINGS PER COMMON SHARE, BASIC      
Earnings per unit, basic (in USD per share) $ 0.92 $ 0.94 $ 0.84
Weighted average units outstanding - basic (in shares) 60,555,010 60,333,055 60,158,976
EARNINGS PER COMMON SHARE, DILUTED      
Earnings per unit, diluted (in USD per share) $ 0.92 $ 0.94 $ 0.84
Weighted average units outstanding - diluted (in shares) 76,736,547 76,514,592 76,340,513
COMPREHENSIVE INCOME      
Net income $ 71,370 $ 72,819 $ 64,690
Other comprehensive loss - unrealized loss (3,205)   (1,827)
Reclassification of amortization of forward-starting swaps included in interest expense, net (1,031) (377) (1,149)
Comprehensive income 67,134 68,349 61,714
Comprehensive income attributable to American Assets Trust, Inc. 53,159 54,063 48,797
Interest Rate Swap      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss (3,205) (2,748) (1,827)
Treasury Locks      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss 0 (1,345) 0
American Assets Trust, L.P.      
REVENUE:      
Rental income 410,493 423,611 419,373
Other property income 25,711 34,244 21,791
Total revenue 436,204 457,855 441,164
EXPENSES:      
Rental expenses 124,601 123,503 118,801
Real estate taxes 44,994 44,224 45,156
General and administrative 37,841 35,468 35,960
Depreciation and amortization 127,312 125,461 119,500
Total operating expenses 334,748 328,656 319,417
Gain on sale of real estate 44,476 0 0
OPERATING INCOME 145,932 129,199 121,747
Interest expense, net (78,120) (74,527) (64,706)
Other income, net 3,558 18,147 7,649
NET INCOME 71,370 72,819 64,690
Net income attributable to restricted shares (852) (787) (761)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS $ 70,518 $ 72,032 $ 63,929
EARNINGS PER COMMON SHARE, BASIC      
Earnings per unit, basic (in USD per share) $ 0.92 $ 0.94 $ 0.84
Weighted average units outstanding - basic (in shares) 76,736,547 76,514,592 76,340,513
EARNINGS PER COMMON SHARE, DILUTED      
Earnings per unit, diluted (in USD per share) $ 0.92 $ 0.94 $ 0.84
Weighted average units outstanding - diluted (in shares) 76,736,547 76,514,592 76,340,513
DISTRIBUTIONS PER UNIT (in dollars per share) $ 1.36 $ 1.34 $ 1.32
COMPREHENSIVE INCOME      
Net income $ 71,370 $ 72,819 $ 64,690
Other comprehensive loss - unrealized loss (3,205)   (1,827)
Reclassification of amortization of forward-starting swaps included in interest expense, net (1,031) (377) (1,149)
Comprehensive income 67,134 68,349 61,714
American Assets Trust, L.P. | Limited Partners      
EXPENSES:      
NET INCOME [1] 14,870 15,234 13,551
COMPREHENSIVE INCOME      
Net income [1] 14,870 15,234 13,551
Comprehensive income attributable to American Assets Trust, Inc. (13,975) (14,286) (12,917)
American Assets Trust, L.P. | General Partner      
EXPENSES:      
NET INCOME [2] 56,500 57,585 51,139
COMPREHENSIVE INCOME      
Net income [2] 56,500 57,585 51,139
Comprehensive income attributable to American Assets Trust, Inc. 53,159 54,063 48,797
American Assets Trust, L.P. | Interest Rate Swap      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss (3,205) (2,748) (1,827)
American Assets Trust, L.P. | Treasury Locks      
COMPREHENSIVE INCOME      
Other comprehensive loss - unrealized loss $ 0 $ (1,345) $ 0
[1] Consists of limited partnership interests held by third parties.
[2] Consists of general and limited partnership interests held by American Assets Trust, Inc.