AMERICAN ASSETS TRUST, INC. AAT Income Statement

American assets trust, inc. (AAT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
REVENUE:
Total rental income
359,104	343,865	327,999	312,931	310,167	309,537	308,875	308,931	304,964	298,803	293,280	286,997	282,293	279,498	275,429	271,048	266,379	261,887	256,986	253,108	248,349	246,078	244,293	243,105	244,017	242,757	241,523	237,428	231,463	225,249	212,366	207,334	202,210	194,168	0	0	0
Other property income
19,061	22,876	22,400	21,613	25,287	21,330	21,133	20,909	16,959	16,180	16,519	16,439	15,856	15,590	14,627	14,321	13,940	13,736	13,585	13,517	13,706	13,922	13,874	13,037	12,840	12,300	12,010	11,552	10,734	10,217	8,488	9,048	9,141	8,617	0	0	0
Total revenue
378,165	366,741	350,399	334,544	335,454	330,867	330,008	329,840	321,923	314,983	309,799	303,436	298,149	295,088	290,056	285,369	280,319	275,623	270,571	266,625	262,055	260,000	258,167	256,142	256,857	255,057	253,533	248,980	242,197	235,466	220,854	216,382	211,351	202,785	0	0	0
EXPENSES:
Rental expenses
93,739	91,967	90,408	87,802	86,858	86,482	85,814	85,608	84,567	84,006	81,796	81,210	80,959	79,553	79,011	77,405	75,020	73,187	70,583	68,972	68,267	68,267	68,700	68,756	68,942	68,608	67,689	66,737	65,557	64,089	62,215	61,924	60,740	58,133	0	0	0
Real estate taxes
42,012	40,013	38,275	36,120	35,473	34,973	34,657	34,405	33,681	32,671	31,907	30,768	29,281	28,378	26,555	25,835	25,404	24,819	24,620	23,843	22,986	22,964	22,388	22,257	22,604	21,378	20,991	21,317	21,584	22,025	21,024	20,320	20,029	18,746	0	0	0
General and administrative
25,618	24,871	25,140	23,837	23,290	22,784	22,350	22,132	21,867	21,382	19,612	19,167	18,430	17,897	17,369	19,213	19,607	20,074	20,764	19,089	18,936	18,532	18,466	17,815	17,606	17,195	16,721	16,584	16,069	15,593	14,372	14,211	14,166	13,627	0	0	0
Depreciation and amortization
103,084	96,205	90,793	84,111	94,397	107,093	105,951	107,257	98,571	83,278	81,520	78,320	71,852	71,319	70,397	68,166	65,738	63,392	61,820	62,411	65,334	66,568	67,063	67,359	66,103	66,775	67,190	66,636	64,012	61,853	59,297	59,030	58,635	55,936	0	0	0
Total operating expenses
264,453	253,056	244,616	231,870	240,018	251,332	248,772	249,402	238,686	221,337	214,835	209,465	200,522	197,147	193,332	190,619	185,769	181,472	177,787	174,315	175,523	176,331	176,617	176,187	175,255	173,956	172,591	171,274	167,222	163,560	156,908	155,485	153,570	146,442	0	0	0
OPERATING INCOME
113,712	113,685	105,783	102,674	95,436	79,535	81,236	80,438	83,237	93,646	94,964	93,971	97,627	97,941	96,724	94,750	94,550	94,151	92,784	92,310	86,532	83,669	81,550	79,955	81,602	81,101	80,942	77,706	74,975	71,906	63,946	60,897	57,781	56,343	0	0	0
Interest expense
54,131	54,008	53,073	52,218	51,777	52,248	53,379	54,373	54,337	53,848	52,644	51,820	52,321	51,936	52,158	50,367	48,411	47,260	46,819	48,886	51,128	52,965	54,172	55,611	56,916	58,020	59,396	58,879	58,163	57,328	54,964	55,455	55,490	54,580	0	0	0
Gain on sale of real estate
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,867	0	0	0
Loan transfer and consent fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,808	0	0	0
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,371	0	0	0
Other income (expense), net
215	-122	-431	-425	-523	-85	-133	-107	233	334	489	11	-82	-368	-111	119	-3	-97	-351	-625	462	441	628	830	-299	-487	-1,037	-610	-762	-629	37	-79	668	212	0	0	0
INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,949	9,230	5,574	3,170	13,671	0	0	0
Discontinued operations
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Gain on sale of real estate property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Results from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,652	2,129	6,118	5,429	5,653	0	0	0
NET INCOME
60,429	60,188	52,912	50,664	43,136	27,202	27,724	25,958	29,133	40,132	42,809	42,162	45,224	45,637	44,455	51,623	53,257	53,915	52,735	42,799	35,866	31,145	28,006	25,174	24,387	22,594	57,508	55,535	53,595	51,601	10,435	10,768	8,599	19,324	0	0	0
Net income attributable to restricted shares
392	381	373	352	476	311	275	264	109	241	242	224	206	189	181	171	168	168	230	293	347	374	398	435	474	536	794	795	793	529	792	527	264	482	0	0	0
Net loss attributable to Predecessor's noncontrolling interests in consolidated real estate entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net income attributable to Predecessor's controlled owners' equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,995	0	0	0
Net income attributable to unitholders in the Operating Partnership
13,346	14,089	12,993	13,234	11,426	7,205	7,359	6,904	7,787	10,814	11,706	11,697	12,697	12,863	12,338	14,428	14,956	15,238	15,184	12,330	10,338	9,015	8,194	7,519	7,329	6,838	17,864	17,296	16,746	16,134	3,201	3,300	2,600	1,388	0	0	0
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS
46,691	45,718	39,546	37,078	31,234	19,686	20,090	18,790	21,237	29,077	30,861	30,241	32,321	32,585	31,936	37,024	38,133	38,509	37,321	30,176	25,181	21,756	19,414	17,220	16,584	15,220	39,114	37,708	36,320	34,938	6,706	6,941	5,471	2,917	0	0	0
EARNINGS PER COMMON SHARE
(Loss) earnings per common share, basic (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	0.07	0.04	0.05	0.01	0.00	0.00	-0.03
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.65	0.01	0.00	0.00	0.00	0.08	0.01	0.01
Earnings per common share, basic (in USD per share)
0.20	0.20	0.22	0.18	0.24	0.14	0.22	0.07	-0.01	-	0.19	0.12	-	0.19	0.19	0.17	0.17	0.19	0.30	0.20	0.18	0.17	0.15	0.09	0.11	0.11	0.11	0.08	0.08	0.73	0.08	0.04	0.05	0.01	0.08	0.01	-0.02
Weighted average shares of common stock outstanding-basic (in shares)
59,723	59,861	59,441	50,135	47,004	46,968	46,959	46,939	46,935	46,918	46,898	46,871	46,173	45,483	45,377	45,235	45,233	45,245	44,998	44,092	43,419	43,226	42,539	41,816	40,582	39,847	39,816	39,460	39,033	38,954	38,673	38,659	38,657	38,760	38,655	38,655	30,924
EARNINGS PER COMMON SHARE, DILUTED
(Loss) earnings per common share, diluted (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	0.07	0.04	0.05	0.01	0.00	0.00	-0.03
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.65	0.01	0.00	0.00	0.00	0.08	0.01	0.01
Earnings per common share, diluted (in USD per share)
0.20	0.20	0.22	0.18	0.24	0.14	0.22	0.07	-0.01	-	0.19	0.12	-	0.19	0.19	0.17	0.17	0.18	0.30	0.20	0.18	0.16	0.15	0.09	0.11	0.11	0.11	0.08	0.08	0.73	0.08	0.04	0.05	0.01	0.08	0.01	-0.02
Weighted average shares of common stock outstanding-diluted (in shares)
76,113	76,240	75,832	66,889	64,182	81,340	64,137	64,132	46,935	64,104	64,093	64,089	64,062	63,371	63,272	63,134	63,133	63,145	62,897	61,992	61,321	61,131	60,444	59,721	58,492	57,799	57,777	57,429	57,056	57,052	57,054	57,055	57,053	71,852	57,051	57,051	30,924
Dividends declared per common share (in USD per share)
0.30	-	0.28	0.28	0.28	-	0.27	0.27	0.27	-	0.26	0.26	0.26	-	0.25	0.25	0.25	-	0.23	0.23	0.23	-	0.22	0.22	0.22	-	0.21	0.21	0.21	-	0.21	0.21	0.21	-	0.21	0.21	0.17
COMPREHENSIVE INCOME
Net income
60,429	60,188	52,912	50,664	43,136	27,202	27,724	25,958	29,133	40,132	42,809	42,162	45,224	45,637	44,455	51,623	53,257	53,915	52,735	42,799	35,866	31,145	28,006	25,174	24,387	22,594	57,508	55,535	53,595	51,601	10,435	10,768	8,599	19,324	0	0	0
Reclassification of amortization of forward-starting swap included in interest expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax
-	-	-	-9,639	-	-	-	5,636	4,243	386	27,064	29,409	20,021	17,048	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax
-	-	1,292	1,279	-	1,279	1,279	1,278	1,289	1,114	852	591	319	231	231	230	230	231	212	155	97	39	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
49,558	53,313	40,833	39,746	36,984	26,043	32,561	30,316	32,087	39,404	69,021	70,980	64,926	62,454	33,937	37,766	49,763	53,446	50,416	43,884	35,741	31,275	28,888	23,617	23,641	22,594	0	0	0	-	-	-	-	-	-	-	-
Comprehensive income attributable to non-controlling interests
10,844	12,301	9,814	10,322	9,773	6,877	8,631	8,022	8,451	10,433	18,985	19,740	18,222	17,624	9,376	10,513	13,987	15,119	14,516	12,661	10,310	9,053	11,442	10,045	10,094	6,838	0	0	0	-	-	-	-	-	-	-	-
Comprehensive income attributable to American Assets Trust, Inc.
38,714	41,012	31,019	29,424	27,211	19,166	23,930	22,294	23,636	28,971	50,036	51,240	46,704	44,830	24,561	27,253	35,776	38,327	35,900	31,223	25,431	22,222	20,436	16,562	16,537	15,756	0	0	0	-	-	-	-	-	-	-	-
American Assets Trust, L.P.
Total rental income
359,104	343,865	327,999	312,931	310,167	309,537	308,875	308,931	304,964	298,803	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property income
19,061	22,876	22,400	21,613	25,287	21,330	21,133	20,909	16,959	16,180	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
378,165	366,741	350,399	334,544	335,454	330,867	330,008	329,840	321,923	314,983	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental expenses
93,739	91,967	90,408	87,802	86,858	86,482	85,814	85,608	84,567	84,006	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
42,012	40,013	38,275	36,120	35,473	34,973	34,657	34,405	33,681	32,671	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
25,618	24,871	25,140	23,837	23,290	22,784	22,350	22,132	21,867	21,382	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
103,084	96,205	90,793	84,111	94,397	107,093	105,951	107,257	98,571	83,278	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
264,453	253,056	244,616	231,870	240,018	251,332	248,772	249,402	238,686	221,337	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OPERATING INCOME
113,712	113,685	105,783	102,674	95,436	79,535	81,236	80,438	83,237	93,646	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
54,131	54,008	53,073	52,218	51,777	52,248	53,379	54,373	54,337	53,848	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
215	-122	-431	-425	-523	-85	-133	-107	233	334	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME
60,429	60,188	52,912	50,664	43,136	27,202	27,724	25,958	29,133	40,132	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to restricted shares
392	381	373	352	476	311	275	264	109	241	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS
60,037	59,807	52,539	50,312	42,660	26,891	27,449	25,694	29,024	39,891	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per common share, basic (in USD per share)
0.20	0.20	0.22	0.18	0.24	0.14	0.22	0.07	-0.01	0.15	0.19	0.12	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares of common stock outstanding-basic (in shares)
76,113	76,240	75,832	66,889	64,182	64,145	64,137	64,132	64,130	64,104	64,093	64,089	64,062	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per common share, diluted (in USD per share)
0.20	0.20	0.22	0.18	0.24	0.14	0.22	0.07	-0.01	-	0.19	0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares of common stock outstanding-diluted (in shares)
76,113	76,240	75,832	66,889	64,182	64,145	64,137	64,132	64,130	64,104	64,093	64,089	64,062	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions per unit (in USD per share)
0.30	0.30	0.28	0.28	0.28	0.28	0.27	0.27	0.27	0.27	0.26	0.26	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
60,429	60,188	52,912	50,664	43,136	27,202	27,724	25,958	29,133	40,132	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of amortization of forward-starting swap included in interest expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax
-	-	1,292	1,279	-	1,279	1,279	1,278	1,289	1,114	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
49,558	53,313	40,833	39,746	36,984	26,043	32,561	30,316	32,087	39,404	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Rate Swap
Other comprehensive loss - change in value of interest rate swaps
0	-	0	0	0	-	0	5,636	4,243	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forward Contracts
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-