American assets trust, inc. (AAT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
REVENUE:
Total rental income

343,865

309,537

298,803

279,498

261,887

246,078

242,757

225,249

194,168

Other property income

22,876

21,330

16,180

15,590

13,736

13,922

12,300

10,217

8,617

Total revenue

366,741

330,867

314,983

295,088

275,623

260,000

255,057

235,466

202,785

EXPENSES:
Rental expenses

91,967

86,482

84,006

79,553

73,187

68,267

68,608

64,089

58,133

Real estate taxes

40,013

34,973

32,671

28,378

24,819

22,964

21,378

22,025

18,746

General and administrative

24,871

22,784

21,382

17,897

20,074

18,532

17,195

15,593

13,627

Depreciation and amortization

96,205

107,093

83,278

71,319

63,392

66,568

66,775

61,853

55,936

Total operating expenses

253,056

251,332

221,337

197,147

181,472

176,331

173,956

163,560

146,442

OPERATING INCOME

113,685

79,535

93,646

97,941

94,151

83,669

81,101

71,906

56,343

Interest expense

54,008

52,248

53,848

51,936

47,260

52,965

58,020

57,328

54,580

Gain on sale of real estate

633

0

0

-

7,121

0

0

-

-

Early extinguishment of debt

-

-

-

-

-

-

-

-

-25,867

Loan transfer and consent fees

-

-

-

-

-

-

-

-

8,808

Gain on acquisition

-

-

-

-

-

-

-

-

46,371

Other income (expense), net

-122

-85

334

-368

-97

441

-487

-629

212

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

13,949

13,671

Discontinued operations
Income from discontinued operations

-

-

-

-

-

-

-

932

1,672

Gain on sale of real estate property

-

-

-

-

-

-

-

36,720

3,981

Results from discontinued operations

-

-

-

-

-

-

-

37,652

5,653

NET INCOME

60,188

27,202

40,132

45,637

53,915

31,145

22,594

51,601

19,324

Net income attributable to restricted shares

381

311

241

189

168

374

536

529

482

Net loss attributable to Predecessor's noncontrolling interests in consolidated real estate entities

-

-

-

-

-

-

-

-

-2,458

Net income attributable to Predecessor's controlled owners' equity

-

-

-

-

-

-

-

-

-16,995

Net income attributable to unitholders in the Operating Partnership

14,089

7,205

10,814

12,863

15,238

9,015

6,838

16,134

1,388

NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS

45,718

19,686

29,077

32,585

38,509

21,756

15,220

34,938

2,917

EARNINGS PER COMMON SHARE
(Loss) earnings per common share, basic (in USD per share)

-

-

-

-

-

-

-

0.24

-0.02

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

0.66

0.10

Earnings per common share, basic (in USD per share)

0.84

0.42

0.62

0.72

0.87

0.52

0.38

0.90

0.08

Weighted average shares of common stock outstanding-basic (in shares)

54,110

46,950

46,715

45,332

44,439

42,041

39,539

38,736

36,748

EARNINGS PER COMMON SHARE, DILUTED
(Loss) earnings per common share, diluted (in USD per share)

-

-

-

-

-

-

-

0.24

-0.02

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

0.66

0.10

Earnings per common share, diluted (in USD per share)

0.84

0.42

0.62

0.72

0.86

0.51

0.38

0.90

0.08

Weighted average shares of common stock outstanding-diluted (in shares)

70,786

64,136

64,087

63,228

62,339

59,947

57,515

57,053

54,219

COMPREHENSIVE INCOME
Net income

60,188

27,202

40,132

45,637

53,915

31,145

22,594

51,601

19,324

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

-5,571

120

386

17,048

-

-

-

-

-

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax

1,304

1,279

1,114

231

231

39

0

0

-

Comprehensive income

53,313

26,043

39,404

62,454

53,446

31,275

22,594

51,601

-

Comprehensive income attributable to non-controlling interests

12,301

6,877

10,433

17,624

15,119

9,053

6,838

16,134

-

Comprehensive income attributable to American Assets Trust, Inc.

41,012

19,166

28,971

44,830

38,327

22,222

15,756

35,467

-

American Assets Trust, L.P.
Total rental income

343,865

309,537

298,803

279,498

-

-

-

-

-

Other property income

22,876

21,330

16,180

15,590

-

-

-

-

-

Total revenue

366,741

330,867

314,983

295,088

-

-

-

-

-

Rental expenses

91,967

86,482

84,006

79,553

-

-

-

-

-

Real estate taxes

40,013

34,973

32,671

28,378

-

-

-

-

-

General and administrative

24,871

22,784

21,382

17,897

-

-

-

-

-

Depreciation and amortization

96,205

107,093

83,278

71,319

-

-

-

-

-

Total operating expenses

253,056

251,332

221,337

197,147

-

-

-

-

-

OPERATING INCOME

113,685

79,535

93,646

97,941

-

-

-

-

-

Interest expense

54,008

52,248

53,848

51,936

-

-

-

-

-

Gain on sale of real estate

633

0

0

-

-

-

-

-

-

Other income (expense), net

-122

-85

334

-368

-

-

-

-

-

NET INCOME

60,188

27,202

40,132

45,637

-

-

-

-

-

Net income attributable to restricted shares

381

311

241

189

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS

59,807

26,891

39,891

45,448

-

-

-

-

-

Earnings per common share, basic (in USD per share)

0.84

0.42

0.62

0.72

-

-

-

-

-

Weighted average shares of common stock outstanding-basic (in shares)

70,786

64,136

64,087

63,228

-

-

-

-

-

Earnings per common share, diluted (in USD per share)

0.84

0.42

0.62

0.72

-

-

-

-

-

Weighted average shares of common stock outstanding-diluted (in shares)

70,786

64,136

64,087

63,228

-

-

-

-

-

Distributions per unit (in USD per share)

1.14

1.09

1.05

1.01

-

-

-

-

-

Net income

60,188

27,202

40,132

45,637

-

-

-

-

-

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax

1,304

1,279

1,114

231

-

-

-

-

-

Comprehensive income

53,313

26,043

39,404

62,454

-

-

-

-

-

Interest Rate Swap
Other comprehensive loss - change in value of interest rate swaps

-

-

-

17,048

-

-

-

-

-

Swap
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

-6,084

120

-10,281

17,048

-

-

-

-

-

Forward Contracts
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

513

-

10,667

-

-

-

-

-

-