2013 Q2 Form 10-Q Financial Statement

#000150021713000053 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $62.91M $56.13M
YoY Change 12.08% 13.81%
Cost Of Revenue $22.16M $21.25M
YoY Change 4.28% 7.49%
Gross Profit $40.75M $34.88M
YoY Change 16.83% 11.33%
Gross Profit Margin 64.77% 62.14%
Selling, General & Admin $4.770M $4.175M
YoY Change 14.25% 7.88%
% of Gross Profit 11.7% 11.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.00M $14.30M
YoY Change 18.88% 2.88%
% of Gross Profit 41.72% 41.0%
Operating Expenses $43.54M $39.49M
YoY Change 10.26% 121.85%
Operating Profit $19.37M $16.64M
YoY Change 16.42% 28.31%
Interest Expense $14.74M $14.03M
YoY Change 5.1% -205.71%
% of Operating Profit 76.11% 84.3%
Other Income/Expense, Net -$65.00K -$217.0K
YoY Change -70.05% 66.92%
Pretax Income $4.560M $2.400M
YoY Change 90.0% -24100.0%
Income Tax $91.00K $282.0K
% Of Pretax Income 2.0% 11.75%
Net Earnings $3.077M $1.689M
YoY Change 82.18% 671.23%
Net Earnings / Revenue 4.89% 3.01%
Basic Earnings Per Share $0.08 $0.04
Diluted Earnings Per Share $0.08 $0.04
COMMON SHARES
Basic Shares Outstanding 39.46M shares 38.66M shares
Diluted Shares Outstanding 57.43M shares 57.06M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.30M $98.60M
YoY Change -35.8% 6.59%
Cash & Equivalents $63.34M $98.58M
Short-Term Investments
Other Short-Term Assets $3.000M $3.300M
YoY Change -9.09% 200.0%
Inventory
Prepaid Expenses
Receivables $38.30M $32.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $104.6M $134.1M
YoY Change -22.0% 11.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.662B $1.479B
YoY Change 12.4% 5.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $24.30M
YoY Change -22.61%
Other Assets $12.30M $14.80M
YoY Change -16.89% 22.31%
Total Long-Term Assets $1.732B $1.579B
YoY Change 9.68% -1.45%
TOTAL ASSETS
Total Short-Term Assets $104.6M $134.1M
Total Long-Term Assets $1.732B $1.579B
Total Assets $1.837B $1.713B
YoY Change 7.2% -0.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.30M
YoY Change 36.5%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $64.70M $32.20M
YoY Change 100.93% 32.51%
LONG-TERM LIABILITIES
Long-Term Debt $1.044B $964.5M
YoY Change 8.27% 2.14%
Other Long-Term Liabilities $31.30M $54.30M
YoY Change -42.36% -4.57%
Total Long-Term Liabilities $1.076B $1.019B
YoY Change 5.58% 1.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.70M $32.20M
Total Long-Term Liabilities $1.076B $1.019B
Total Liabilities $1.140B $1.099B
YoY Change 3.78% 1.23%
SHAREHOLDERS EQUITY
Retained Earnings -$35.87M
YoY Change
Common Stock $690.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $655.0M $614.8M
YoY Change
Total Liabilities & Shareholders Equity $1.837B $1.713B
YoY Change 7.2% -0.55%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $3.077M $1.689M
YoY Change 82.18% 671.23%
Depreciation, Depletion And Amortization $17.00M $14.30M
YoY Change 18.88% 2.88%
Cash From Operating Activities $20.00M $16.80M
YoY Change 19.05% 25.37%
INVESTING ACTIVITIES
Capital Expenditures -$11.30M -$6.000M
YoY Change 88.33% -93.56%
Acquisitions
YoY Change
Other Investing Activities -$1.100M $300.0K
YoY Change -466.67% -66.67%
Cash From Investing Activities -$12.40M -$5.700M
YoY Change 117.54% -93.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.80M -13.20M
YoY Change -189.39% -118.62%
NET CHANGE
Cash From Operating Activities 20.00M 16.80M
Cash From Investing Activities -12.40M -5.700M
Cash From Financing Activities 11.80M -13.20M
Net Change In Cash 19.40M -2.100M
YoY Change -1023.81% -73.42%
FREE CASH FLOW
Cash From Operating Activities $20.00M $16.80M
Capital Expenditures -$11.30M -$6.000M
Free Cash Flow $31.30M $22.80M
YoY Change 37.28% -78.59%

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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2662000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1010000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1073000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1628000 USD
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
1312000 USD
us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
1344000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
303000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
223000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-315000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
38000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
495000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-433000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
818000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
1244000 USD
CY2012Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
65000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
152000 USD
CY2013Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
26000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
34000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
28136000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
30326000 USD
us-gaap Interest Expense
InterestExpense
27929000 USD
us-gaap Interest Expense
InterestExpense
29480000 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
14028000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
14744000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
207000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
846000 USD
us-gaap Interest Paid Net
InterestPaidNet
27113000 USD
us-gaap Interest Paid Net
InterestPaidNet
27021000 USD
us-gaap Net Income Loss
NetIncomeLoss
3545000 USD
us-gaap Net Income Loss
NetIncomeLoss
6315000 USD
CY2013Q2 us-gaap Land Available For Development
LandAvailableForDevelopment
8964000 USD
CY2012Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
14944000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1224000 USD
CY2012Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
625000 USD
CY2013Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
611000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1236000 USD
CY2012Q4 us-gaap Lease Incentive Receivable
LeaseIncentiveReceivable
1480000 USD
CY2013Q2 us-gaap Lease Incentive Receivable
LeaseIncentiveReceivable
1295000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
1141858000 USD
CY2013Q2 us-gaap Liabilities
Liabilities
1140235000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1836759000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1827587000 USD
CY2012Q4 us-gaap Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
637000 USD
CY2013Q2 us-gaap Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
689000 USD
CY2011Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
250000000.0 USD
CY2013Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
227800000 USD
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
1044682000 USD
CY2013Q2 us-gaap Long Term Debt
LongTermDebt
1044299000 USD
us-gaap Loss On Contract Termination For Default
LossOnContractTerminationForDefault
6000000 USD
CY2012 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
700000 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-600000 USD
CY2013Q2 us-gaap Marketing Expense
MarketingExpense
344000 USD
us-gaap Marketing Expense
MarketingExpense
696000 USD
us-gaap Marketing Expense
MarketingExpense
570000 USD
CY2012Q2 us-gaap Marketing Expense
MarketingExpense
264000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
47368000 USD
CY2013Q2 us-gaap Minority Interest
MinorityInterest
41480000 USD
CY2013Q2 us-gaap Minority Interest In Net Income Loss Operating Partnerships
MinorityInterestInNetIncomeLossOperatingPartnerships
1354000 USD
us-gaap Minority Interest In Net Income Loss Operating Partnerships
MinorityInterestInNetIncomeLossOperatingPartnerships
1687000 USD
CY2012Q2 us-gaap Minority Interest In Net Income Loss Operating Partnerships
MinorityInterestInNetIncomeLossOperatingPartnerships
804000 USD
us-gaap Minority Interest In Net Income Loss Operating Partnerships
MinorityInterestInNetIncomeLossOperatingPartnerships
2849000 USD
CY2013Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.31
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5926000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2697000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43555000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22115000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-22115000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35342000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
45673000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
35090000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
1689000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5232000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3077000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
3077000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1616000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6315000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2493000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4431000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
9164000 USD
CY2012Q4 us-gaap Notes Payable
NotesPayable
1057680000 USD
CY2013Q2 us-gaap Notes Payable
NotesPayable
1055840000 USD
CY2013Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
CY2013Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
23 Property
CY2013Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
51346000 USD
CY2012Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
54350000 USD
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
39489000 USD
us-gaap Operating Expenses
OperatingExpenses
85841000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
43541000 USD
us-gaap Operating Expenses
OperatingExpenses
78127000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
16642000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
39253000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
33453000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
19373000 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
734064000 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
96662000 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
112365000 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
132080000 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
143328000 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
173231000 USD
CY2012Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
53740000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
106748000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
118927000 USD
CY2013Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
59705000 USD
aat Years Minimum Term Range Of Office And Retail Leases
YearsMinimumTermRangeOfOfficeAndRetailLeases
P3Y
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5799000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
11382000 USD
CY2013Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6430000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
12744000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
73670000 USD
CY2013Q2 us-gaap Other Assets
OtherAssets
64002000 USD
CY2013Q2 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
785000 USD
CY2012Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
960000 USD
CY2013Q2 us-gaap Other Liabilities
OtherLiabilities
52000 USD
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
50000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-745000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
535000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2012Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2013Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-363000 USD
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-217000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-65000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-344000 USD
CY2012Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
2391000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
4832000 USD
CY2013Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
3209000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
6167000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
0 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
361000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
11951000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
21204000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
924000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
24226000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
24380000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
32918000 USD
CY2013Q2 us-gaap Percentage Rent
PercentageRent
402000 USD
CY2012Q2 us-gaap Percentage Rent
PercentageRent
434000 USD
us-gaap Percentage Rent
PercentageRent
820000 USD
us-gaap Percentage Rent
PercentageRent
726000 USD
CY2013Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3004000 USD
CY2012Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3459000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain items in the consolidated financial statements for prior periods have been reclassified to conform to current classifications.</font></div></div>
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24922000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2012Q4 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
93800000 USD
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
3324000 USD
us-gaap Profit Loss
ProfitLoss
5495000 USD
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
0 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
4564000 USD
dei Document Type
DocumentType
10-Q
dei Trading Symbol
TradingSymbol
AAT
CY2012Q2 us-gaap Profit Loss
ProfitLoss
2624000 USD
us-gaap Profit Loss
ProfitLoss
9429000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
270494000 USD
CY2013Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
295461000 USD
CY2013Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1957416000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1938676000 USD
CY2013Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1661955000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1668182000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
10276000 USD
CY2013Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5476000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
10984000 USD
CY2012Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5743000 USD
CY2013Q2 us-gaap Rental Properties
RentalProperties
1899074000 USD
CY2012Q4 us-gaap Rental Properties
RentalProperties
1891549000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2315000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1839000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7421000 USD
CY2013Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9206000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
1400000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
1400000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-35868000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-25625000 USD
CY2012Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
7461000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
17026000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
15125000 USD
CY2013Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
8178000 USD
CY2013Q2 us-gaap Revenues
Revenues
62914000 USD
CY2012Q2 us-gaap Revenues
Revenues
56131000 USD
us-gaap Revenues
Revenues
125094000 USD
us-gaap Revenues
Revenues
111580000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
81846000 USD
CY2012Q2 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
34882000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
70272000 USD
CY2013Q2 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
40752000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
696524000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
685729000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
12913000 USD
CY2013Q2 us-gaap Tenant Reimbursements
TenantReimbursements
7242000 USD
us-gaap Straight Line Rent
StraightLineRent
1200000 USD
CY2013Q2 us-gaap Straight Line Rent
StraightLineRent
500000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
24353000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
638361000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
655044000 USD
CY2013Q2 us-gaap Secured Debt
SecuredDebt
1044299000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
1044682000 USD
CY2012Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
4856000 USD
CY2013Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
5093000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1406000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1393000 USD
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
61511 shares
CY2012Q2 us-gaap Straight Line Rent
StraightLineRent
1700000 USD
us-gaap Straight Line Rent
StraightLineRent
3600000 USD
CY2012Q2 us-gaap Tenant Reimbursements
TenantReimbursements
6688000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
13421000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57244174 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57429837 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57054509 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57055244 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39460086 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38659155 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39247729 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38658162 shares
aat Accounts Payable And Accrued Liabilities For Construction In Progress
AccountsPayableAndAccruedLiabilitiesForConstructionInProgress
-1407000 USD
aat Accounts Payable And Accrued Liabilities For Construction In Progress
AccountsPayableAndAccruedLiabilitiesForConstructionInProgress
3203000 USD
aat Accrued Leasing Commissions
AccruedLeasingCommissions
0 USD
aat Accrued Leasing Commissions
AccruedLeasingCommissions
389000 USD
aat Acquisition Of Working Capital Deficit Net Of Cash
AcquisitionOfWorkingCapitalDeficitNetOfCash
0 USD
aat Acquisition Of Working Capital Deficit Net Of Cash
AcquisitionOfWorkingCapitalDeficitNetOfCash
190000 USD
CY2013Q2 aat Additional Term Of Revolving Credit Facility Based On Specified Requirements
AdditionalTermOfRevolvingCreditFacilityBasedOnSpecifiedRequirements
P1Y
aat Amortization Of Debt Issuance Costs And Debt Fair Value Adjustments
AmortizationOfDebtIssuanceCostsAndDebtFairValueAdjustments
1958000 USD
aat Amortization Of Debt Issuance Costs And Debt Fair Value Adjustments
AmortizationOfDebtIssuanceCostsAndDebtFairValueAdjustments
1966000 USD
CY2013Q2 aat Deferred Rent Expense And Lease Intangible
DeferredRentExpenseAndLeaseIntangible
930000 USD
CY2012Q4 aat Deferred Rent Expense And Lease Intangible
DeferredRentExpenseAndLeaseIntangible
1008000 USD
aat Deferred Rent Revenue And Amortization Of Lease Intangibles
DeferredRentRevenueAndAmortizationOfLeaseIntangibles
-1874000 USD
aat Deferred Rent Revenue And Amortization Of Lease Intangibles
DeferredRentRevenueAndAmortizationOfLeaseIntangibles
-3071000 USD
CY2013Q1 aat Dividends Date Paid
DividendsDatePaid
2013-03-29
CY2013Q2 aat Dividends Date Paid
DividendsDatePaid
2013-06-28
CY2013Q2 aat Dividends Period Covered
DividendsPeriodCovered
April 1, 2013 to June 30, 2013
CY2013Q1 aat Dividends Period Covered
DividendsPeriodCovered
January 1, 2013 to March 31, 2013
CY2013Q1 aat Dividends Quarterly Period
DividendsQuarterlyPeriod
First Quarter 2013
CY2013Q2 aat Dividends Quarterly Period
DividendsQuarterlyPeriod
Second Quarter 2013
CY2013Q2 aat Gross Secured Debt
GrossSecuredDebt
1055840000 USD
CY2012Q4 aat Gross Secured Debt
GrossSecuredDebt
1057680000 USD
CY2013Q2 aat Income Loss From Continuing Operations Attributable To Common Stockholders Diluted
IncomeLossFromContinuingOperationsAttributableToCommonStockholdersDiluted
4431000 USD
CY2012Q2 aat Income Loss From Continuing Operations Attributable To Common Stockholders Diluted
IncomeLossFromContinuingOperationsAttributableToCommonStockholdersDiluted
2266000 USD
aat Income Loss From Continuing Operations Attributable To Common Stockholders Diluted
IncomeLossFromContinuingOperationsAttributableToCommonStockholdersDiluted
9164000 USD
aat Income Loss From Continuing Operations Attributable To Common Stockholders Diluted
IncomeLossFromContinuingOperationsAttributableToCommonStockholdersDiluted
4898000 USD
aat Increase Decrease In Restricted Cash Financing Activity
IncreaseDecreaseInRestrictedCashFinancingActivity
0 USD
aat Increase Decrease In Restricted Cash Financing Activity
IncreaseDecreaseInRestrictedCashFinancingActivity
1400000 USD
aat Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
-204000 USD
aat Increase Decrease In Security Deposits And Other Liabilities
IncreaseDecreaseInSecurityDepositsAndOtherLiabilities
238000 USD
aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
17996445 shares
aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
18396347 shares
CY2012Q2 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
18396089 shares
CY2013Q2 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
17969751 shares
CY2013Q2 aat Lease Incentive Accumulated Amortization
LeaseIncentiveAccumulatedAmortization
2405000 USD
CY2012Q4 aat Lease Incentive Accumulated Amortization
LeaseIncentiveAccumulatedAmortization
2220000 USD
CY2013Q2 aat Line Of Credit Facility Material Acquisition
LineOfCreditFacilityMaterialAcquisition
greater than $100 million
CY2012Q1 aat Line Of Credit Facility Maximum Leverage Percentage
LineOfCreditFacilityMaximumLeveragePercentage
0.6
CY2012Q2 aat Management Fee Expense
ManagementFeeExpense
486000 USD
aat Management Fee Expense
ManagementFeeExpense
982000 USD
CY2013Q2 aat Management Fee Expense
ManagementFeeExpense
422000 USD
aat Management Fee Expense
ManagementFeeExpense
894000 USD
CY2011Q1 aat Maximum Maturities Of Securities
MaximumMaturitiesOfSecurities
P30Y
aat Maximum Percentage Of Revenue Provided By Any Single Tenant
MaximumPercentageOfRevenueProvidedByAnySingleTenant
0.1
aat Maximum Percentage Of Revenue Provided By Any Single Tenant
MaximumPercentageOfRevenueProvidedByAnySingleTenant
0.10
CY2012Q1 aat Maximum Principal Amount Of Recourse Indebtedness
MaximumPrincipalAmountOfRecourseIndebtedness
35000000.0 USD
CY2012Q3 aat Maximum Secured Leverage Ratio On Revolving Credit Facility
MaximumSecuredLeverageRatioOnRevolvingCreditFacility
0.55
CY2012Q1 aat Minimum Fixed Charge Coverage Ratio On Revolving Credit Facility
MinimumFixedChargeCoverageRatioOnRevolvingCreditFacility
1.50
CY2012Q2 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnerships
804000 USD
aat Minority Interest In Continuing Operations Income Loss Operating Partnerships
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnerships
1687000 USD
aat Minority Interest In Continuing Operations Income Loss Operating Partnerships
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnerships
2849000 USD
CY2013Q2 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnerships
1354000 USD
aat Months Maximum Term Length Of Apartment Leases
MonthsMaximumTermLengthOfApartmentLeases
P15M
aat Months Minimum Term Of Apartment Leases
MonthsMinimumTermOfApartmentLeases
P7M
aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
263000 USD
CY2013Q2 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
133000 USD
aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
265000 USD
CY2012Q2 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
131000 USD
aat Number Of Consolidated Properties
NumberOfConsolidatedProperties
12 Property
CY2013Q2 aat Number Of Rooms In Mixed Use Segment All Suite Hotel
NumberOfRoomsInMixedUseSegmentAllSuiteHotel
369 Room
CY2013Q2 aat Operating Leases Future Minimum Payments Receivable Year One
OperatingLeasesFutureMinimumPaymentsReceivableYearOne
76398000 USD
aat Operating Leases Rental Expense Terms
OperatingLeasesRentalExpenseTerms
12 M
aat Other Real Estate Rental Revenue
OtherRealEstateRentalRevenue
812000 USD
aat Other Real Estate Rental Revenue
OtherRealEstateRentalRevenue
836000 USD
CY2013Q2 aat Other Real Estate Rental Revenue
OtherRealEstateRentalRevenue
405000 USD
CY2012Q2 aat Other Real Estate Rental Revenue
OtherRealEstateRentalRevenue
373000 USD
CY2012Q3 aat Percent Of Secured Indebtedness
PercentOfSecuredIndebtedness
0.55
CY2013Q2 aat Percentage Limit On Annual Distributions In Relation To Funds From Operations
PercentageLimitOnAnnualDistributionsInRelationToFundsFromOperations
0.95
aat Percentage Of Investment In Related Party
PercentageOfInvestmentInRelatedParty
0.477
CY2011Q1 aat Percentage Of Minimum Tangible Net Worth Covenant Of Credit Facility
PercentageOfMinimumTangibleNetWorthCovenantOfCreditFacility
0.75
CY2011Q1 aat Percentage Of Net Proceeds Of Additional Equity Issuances Covenant Of Credit Facility
PercentageOfNetProceedsOfAdditionalEquityIssuancesCovenantOfCreditFacility
0.85
aat Percentage Partners Common Units
PercentagePartnersCommonUnits
0.5
aat Period Of Amortization Schedule
PeriodOfAmortizationSchedule
P30Y
aat Real Estate Acquisition Related Expense
RealEstateAcquisitionRelatedExpense
15000 USD
CY2013Q2 aat Real Estate Acquisition Related Expense
RealEstateAcquisitionRelatedExpense
0 USD
CY2012Q2 aat Real Estate Acquisition Related Expense
RealEstateAcquisitionRelatedExpense
0 USD
aat Real Estate Acquisition Related Expense
RealEstateAcquisitionRelatedExpense
0 USD
CY2013Q2 aat Real Estate Properties Held For Development
RealEstatePropertiesHeldForDevelopment
5 Property
aat Reductionto Capitalfor Prepaid Offering Costs
ReductiontoCapitalforPrepaidOfferingCosts
437000 USD
aat Reductionto Capitalfor Prepaid Offering Costs
ReductiontoCapitalforPrepaidOfferingCosts
0 USD
CY2013Q2 aat Shares Held By Minority Interest In Operating Partnerships
SharesHeldByMinorityInterestInOperatingPartnerships
17961924 shares
CY2013Q2 aat Stated Future Monthly Lease Rate
StatedFutureMonthlyLeaseRate
61690 USD
aat Transfer Taxes Accrued At Time Of Offering
TransferTaxesAccruedAtTimeOfOffering
6600000 USD
CY2012Q2 aat Weighted Average Unvested Participating Securities Outstanding
WeightedAverageUnvestedParticipatingSecuritiesOutstanding
630784 shares
aat Weighted Average Unvested Participating Securities Outstanding
WeightedAverageUnvestedParticipatingSecuritiesOutstanding
626771 shares
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q2 aat Weighted Average Unvested Participating Securities Outstanding
WeightedAverageUnvestedParticipatingSecuritiesOutstanding
630374 shares
dei Entity Central Index Key
EntityCentralIndexKey
0001500217
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
40445578 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
113 Employee
dei Entity Registrant Name
EntityRegistrantName
AMERICAN ASSETS TRUST, INC.

Files In Submission

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