American assets trust, inc. (AAT)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-