AMERICAN ASSETS TRUST, INC. AAT Income Statement

American assets trust, inc. (AAT)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'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	-	-	-	-	-	-