2021 Q1 Form 10-Q Financial Statement

#000150021721000038 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $83.99M $96.74M
YoY Change -13.19% 13.39%
Cost Of Revenue $29.60M $33.61M
YoY Change -11.93% 12.63%
Gross Profit $54.39M $63.13M
YoY Change -13.85% 13.79%
Gross Profit Margin 64.76% 65.26%
Selling, General & Admin $7.216M $7.327M
YoY Change -1.51% 10.7%
% of Gross Profit 13.27% 11.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.50M $27.46M
YoY Change 0.14% 33.42%
% of Gross Profit 50.57% 43.5%
Operating Expenses $63.92M $67.90M
YoY Change -5.85% 20.17%
Operating Profit $20.06M $28.85M
YoY Change -30.46% 0.09%
Interest Expense $14.01M $13.47M
YoY Change 3.96% 0.92%
% of Operating Profit 69.81% 46.7%
Other Income/Expense, Net -$53.00K $108.0K
YoY Change -149.07% -147.16%
Pretax Income $1.730M $15.48M
YoY Change -88.82% 1.57%
Income Tax $127.0K $206.0K
% Of Pretax Income 7.34% 1.33%
Net Earnings $1.257M $12.07M
YoY Change -89.58% 8.77%
Net Earnings / Revenue 1.5% 12.47%
Basic Earnings Per Share $0.02 $0.20
Diluted Earnings Per Share $0.02 $0.20
COMMON SHARES
Basic Shares Outstanding 59.98M shares 59.72M shares
Diluted Shares Outstanding 76.17M shares 76.11M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $380.4M $52.40M
YoY Change 625.95% -3.85%
Cash & Equivalents $380.4M $52.37M
Short-Term Investments
Other Short-Term Assets $7.800M $7.500M
YoY Change 4.0% 19.05%
Inventory
Prepaid Expenses
Receivables $6.000M $8.600M
Other Receivables $0.00 $0.00
Total Short-Term Assets $394.2M $68.50M
YoY Change 475.47% -2.0%
LONG-TERM ASSETS
Property, Plant & Equipment $2.510B $2.548B
YoY Change -1.49% 24.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.500M $4.500M
YoY Change -44.44% -54.08%
Total Long-Term Assets $2.655B $2.688B
YoY Change -1.21% 25.17%
TOTAL ASSETS
Total Short-Term Assets $394.2M $68.50M
Total Long-Term Assets $2.655B $2.688B
Total Assets $3.049B $2.756B
YoY Change 10.64% 24.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.20M $67.30M
YoY Change 5.79% 25.33%
Accrued Expenses $29.50M $26.80M
YoY Change 10.07% 248.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $107.3M $102.4M
YoY Change 4.79% 48.41%
LONG-TERM LIABILITIES
Long-Term Debt $1.648B $1.307B
YoY Change 26.08% 0.93%
Other Long-Term Liabilities $58.20M $65.40M
YoY Change -11.01% 36.82%
Total Long-Term Liabilities $1.706B $1.372B
YoY Change 24.32% 2.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $107.3M $102.4M
Total Long-Term Liabilities $1.706B $1.372B
Total Liabilities $1.814B $1.475B
YoY Change 22.96% 4.49%
SHAREHOLDERS EQUITY
Retained Earnings -$192.1M -$150.2M
YoY Change 27.87% 14.82%
Common Stock $1.448B $1.454B
YoY Change -0.42% 56.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.258B $1.304B
YoY Change
Total Liabilities & Shareholders Equity $3.049B $2.756B
YoY Change 10.64% 24.32%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $1.257M $12.07M
YoY Change -89.58% 8.77%
Depreciation, Depletion And Amortization $27.50M $27.46M
YoY Change 0.14% 33.42%
Cash From Operating Activities $42.51M $45.36M
YoY Change -6.3% 23.16%
INVESTING ACTIVITIES
Capital Expenditures -$11.40M -$20.50M
YoY Change -44.39% -1.91%
Acquisitions
YoY Change
Other Investing Activities -$800.0K -$3.400M
YoY Change -76.47% 126.67%
Cash From Investing Activities -$12.22M -$23.93M
YoY Change -48.94% 6.63%
FINANCING ACTIVITIES
Cash Dividend Paid $21.46M $22.94M
YoY Change -6.43% 27.0%
Common Stock Issuance & Retirement, Net $0.00 -$119.0K
YoY Change -100.0% -101.69%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $212.8M -$74.06M
YoY Change -387.35% 907.47%
NET CHANGE
Cash From Operating Activities $42.51M $45.36M
Cash From Investing Activities -$12.22M -$23.93M
Cash From Financing Activities $212.8M -$74.06M
Net Change In Cash $243.1M -$52.62M
YoY Change -561.97% -847.17%
FREE CASH FLOW
Cash From Operating Activities $42.51M $45.36M
Capital Expenditures -$11.40M -$20.50M
Free Cash Flow $53.91M $65.86M
YoY Change -18.15% 14.08%

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IncreaseDecreaseInLeaseAcquisitionCosts
844000 USD
CY2020Q1 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
3394000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12216000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23925000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
51003000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000 USD
CY2020Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
494675000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2021Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
155375000 USD
CY2020Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5025000 USD
CY2020Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-119000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
21463000 USD
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
22937000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
212812000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-74059000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
243101000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-52623000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
139049000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
109451000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
382150000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56828000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
380434000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52371000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1716000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4457000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
382150000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56828000 USD
CY2021Q1 dei Entity Number Of Employees
EntityNumberOfEmployees
190 Employee
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
28 Property
CY2021Q1 aat Real Estate Properties Held For Development
RealEstatePropertiesHeldForDevelopment
3 Property
CY2021Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
14564000 USD
CY2020Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
13736000 USD
CY2021Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
559000 USD
CY2020Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
264000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
14005000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
13472000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
13069000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
15043000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
71000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
51000 USD
CY2021Q1 aat Increase Decrease Accrued Constructionin Progress
IncreaseDecreaseAccruedConstructioninProgress
7109000 USD
CY2020Q1 aat Increase Decrease Accrued Constructionin Progress
IncreaseDecreaseAccruedConstructioninProgress
16541000 USD
CY2021Q1 aat Increase Decrease Accrued Leasing Commissions
IncreaseDecreaseAccruedLeasingCommissions
631000 USD
CY2020Q1 aat Increase Decrease Accrued Leasing Commissions
IncreaseDecreaseAccruedLeasingCommissions
2083000 USD
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
CY2021Q1 aat Number Of Rooms In Mixed Use Segment All Suite Hotel
NumberOfRoomsInMixedUseSegmentAllSuiteHotel
369 Room
CY2021Q1 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition and Accounts Receivable</span></div><div style="margin-top:4.5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our leases with tenants are classified as operating leases. Substantially all such leases contain fixed rent escalations which occur at specified times during the term of the lease. Base rents are recognized on a straight-line basis from when the tenant controls the space through the term of the related lease, net of valuation adjustments, based on management's assessment of credit, collection and other business risks.</span></div><div style="margin-top:4.5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We make estimates of the collectability of our current accounts receivable and straight-line rents receivable which require significant judgment by management. The collectability of receivables is affected by numerous different factors including current economic conditions, including the impact of tenant bankruptcies, the status of collectability of current cash rents receivable, tenants' recent and historical financial and operating results, changes in our tenants' credit ratings, communications between our operating personnel and tenants, the extent of security deposits and letters of credit held with respect to tenants, and the ability of the tenant to perform under the terms of their lease agreement. The provision for doubtful accounts at March 31, 2021 and December 31, 2020 was approximately $12.2 million and $10.0 million, respectively.</span></div><div style="margin-top:14pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Rent Concessions – COVID-19</span></div><div style="margin-top:4.5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the first quarter of 2021, we provided lease concessions to certain tenants, primarily within the retail segment, as a result of the COVID-19 pandemic, in the form of rent deferrals and abatements. These lease concessions generally included an increase in our rights as a lessor. We assess each lease concession and determine whether it represents a lease modifications under Accounting Standards Codification Topic 842, Leases ("ASC 842"). As of March 31, 2021, we have entered into lease modifications that resulted in adjustments (including rent deferrals and other monetary lease concessions) due to the impact of the COVID-19 pandemic of approximately $1.2 million or 2% of the rent originally contracted for the three months ended March 31, 2021. For the first quarter of 2021, we collected approximately $0.7 million or 88% of the deferred rent repayments due during the period.</span></div>
CY2021Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
12200000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
10000000.0 USD
CY2021Q1 aat Rent Concessions Covid19
RentConcessionsCOVID19
1200000 USD
CY2021Q1 aat Rent Concessions Covid19 Percentage
RentConcessionsCOVID19Percentage
0.02
CY2021Q1 aat Deferred Rent Repayments Covid19
DeferredRentRepaymentsCOVID19
700000 USD
CY2021Q1 aat Deferred Rent Repayments Covid19 Percentage
DeferredRentRepaymentsCOVID19Percentage
0.88
CY2021Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
56666000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
56677000 USD
CY2021Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
35993000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
35219000 USD
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
20673000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
21458000 USD
CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1100000 USD
CY2021Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
36529000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
35167000 USD
CY2021Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
37385000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
38173000 USD
CY2021Q1 us-gaap Finite Lived Intangible Asset Off Market Lease Favorable Gross
FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross
114000 USD
CY2020Q4 us-gaap Finite Lived Intangible Asset Off Market Lease Favorable Gross
FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross
121000 USD
CY2021Q1 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
25123000 USD
CY2020Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
26207000 USD
CY2021Q1 aat Lease Incentive Accumulated Amortization
LeaseIncentiveAccumulatedAmortization
862000 USD
CY2020Q4 aat Lease Incentive Accumulated Amortization
LeaseIncentiveAccumulatedAmortization
802000 USD
CY2021Q1 us-gaap Incentive To Lessee
IncentiveToLessee
934000 USD
CY2020Q4 us-gaap Incentive To Lessee
IncentiveToLessee
994000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1277000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1213000 USD
CY2021Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
2486000 USD
CY2020Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
2565000 USD
CY2021Q1 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1324000 USD
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
0 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
746000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28583000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
29350000 USD
CY2021Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7787000 USD
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
8702000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
103158000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
106112000 USD
CY2021Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
20673000 USD
CY2020Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
21458000 USD
CY2021Q1 us-gaap Deferred Revenue
DeferredRevenue
14371000 USD
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
14518000 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
3784000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
4531000 USD
CY2021Q1 aat Deferred Rent Expense And Lease Intangible
DeferredRentExpenseAndLeaseIntangible
13000 USD
CY2020Q4 aat Deferred Rent Expense And Lease Intangible
DeferredRentExpenseAndLeaseIntangible
16000 USD
CY2021Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2158000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2059000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
570000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
570000 USD
CY2021Q1 aat Deferred Rent Credits
DeferredRentCredits
17156000 USD
CY2020Q4 aat Deferred Rent Credits
DeferredRentCredits
18049000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
29471000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30060000 USD
CY2021Q1 us-gaap Other Liabilities
OtherLiabilities
32000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
39000 USD
CY2021Q1 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
88228000 USD
CY2020Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
91300000 USD
CY2020Q1 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships Diluted
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnershipsDiluted
-3312000 USD
CY2020Q3 aat Dividends Quarterly Period
DividendsQuarterlyPeriod
First Quarter 2021
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.28
CY2020Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-03-25
CY2021Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
1500000 USD
CY2020Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
1300000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
6900000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1733000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
15484000 USD
CY2021Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
137000 USD
CY2020Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
104000 USD
CY2021Q1 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnerships
-339000 USD
CY2020Q1 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnerships
-3312000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1257000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12068000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1257000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
12068000 USD
CY2021Q1 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships Diluted
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnershipsDiluted
-339000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1596000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15380000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59984335 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59723072 shares
CY2021Q1 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
16181537 shares
CY2020Q1 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
16390548 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76165872 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76113620 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2021Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
600000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
215710000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
199077000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
168525000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
147434000 USD
CY2021Q1 aat Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
443310000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1336711000 USD
CY2021Q1 aat Operating Leases Rental Period Terms
OperatingLeasesRentalPeriodTerms
P12M
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2350000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3232000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
600000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
CY2021Q1 us-gaap Loss On Contract Termination For Default
LossOnContractTerminationForDefault
4900000 USD
CY2021Q1 aat Number Of Consolidated Properties
NumberOfConsolidatedProperties
15 Property
CY2021Q1 aat Maximum Percentage Of Revenue Provided By Any Single Tenant
MaximumPercentageOfRevenueProvidedByAnySingleTenant
0.10
CY2021Q1 aat Years Minimum Term Range Of Office And Retail Leases
YearsMinimumTermRangeOfOfficeAndRetailLeases
P3Y
CY2021Q1 aat Years Maximum Term Range Of Office And Retail Leases
YearsMaximumTermRangeOfOfficeAndRetailLeases
P10Y
CY2021Q1 aat Months Minimum Term Of Apartment Leases
MonthsMinimumTermOfApartmentLeases
P7M
CY2021Q1 aat Months Maximum Term Length Of Apartment Leases
MonthsMaximumTermLengthOfApartmentLeases
P15M
CY2021Q1 aat Operating Leases Rental Period Terms
OperatingLeasesRentalPeriodTerms
P12M
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
162655000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3328000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3428000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3531000 USD
CY2021Q1 aat Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
19710000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22188000 USD
CY2021Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
526000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35579000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6108000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
29471000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1132000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
844000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
0 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
0 USD
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
1194000 USD
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
868000 USD
CY2021Q1 us-gaap Lease Income
LeaseIncome
62000 USD
CY2020Q1 us-gaap Lease Income
LeaseIncome
24000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0321
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
865000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
846000 USD
CY2020Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
301000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3271000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8125000 USD
CY2021Q1 aat Other Real Estate Rental Revenue
OtherRealEstateRentalRevenue
571000 USD
CY2020Q1 aat Other Real Estate Rental Revenue
OtherRealEstateRentalRevenue
577000 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
81130000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
92070000 USD
CY2021Q1 us-gaap Straight Line Rent
StraightLineRent
5500000 USD
CY2020Q1 us-gaap Straight Line Rent
StraightLineRent
2800000 USD
CY2021Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
800000 USD
CY2020Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
900000 USD
CY2021Q1 aat Direct Costs Of Leased Property Lessor Expense
DirectCostsOfLeasedPropertyLessorExpense
9496000 USD
CY2020Q1 aat Direct Costs Of Leased Property Lessor Expense
DirectCostsOfLeasedPropertyLessorExpense
9882000 USD
CY2021Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
2724000 USD
CY2020Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
5747000 USD
CY2021Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
74000 USD
CY2020Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
312000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
127000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
206000 USD
CY2021Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2021Q1 aat Percentage Of Investment In Related Party
PercentageOfInvestmentInRelatedParty
0.477
CY2021Q1 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
3742000 USD
CY2020Q1 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
4297000 USD
CY2021Q1 us-gaap Marketing Expense
MarketingExpense
393000 USD
CY2020Q1 us-gaap Marketing Expense
MarketingExpense
507000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1152000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
853000 USD
CY2021Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
532000 USD
CY2020Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
865000 USD
CY2021Q1 us-gaap Management Fee Expense
ManagementFeeExpense
207000 USD
CY2020Q1 us-gaap Management Fee Expense
ManagementFeeExpense
417000 USD
CY2021Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
18246000 USD
CY2020Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
22568000 USD
CY2020Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-53000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
108000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
13472000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4271000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27462000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
14005000 USD
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
CY2021Q1 aat Number Of Rooms In Mixed Use Segment All Suite Hotel
NumberOfRoomsInMixedUseSegmentAllSuiteHotel
369 Room
CY2021Q1 us-gaap Gross Profit
GrossProfit
54386000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
63130000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
54386000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
63130000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6823000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6820000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27501000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-53000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
108000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
1733000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
15484000 USD
CY2021Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
137000 USD
CY2020Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
104000 USD
CY2021Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
339000 USD
CY2020Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
3312000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1257000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
12068000 USD
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2481317000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2492734000 USD
CY2021Q1 us-gaap Notes Payable
NotesPayable
111000000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
111000000 USD
CY2021Q1 aat Capital Expendituresand Leasing Commissions
CapitalExpendituresandLeasingCommissions
12216000 USD
CY2020Q1 aat Capital Expendituresand Leasing Commissions
CapitalExpendituresandLeasingCommissions
23925000 USD

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