2023 Q2 Form 10-Q Financial Statement

#000150021723000032 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $109.7M $107.8M
YoY Change 5.34% 6.19%
Cost Of Revenue $39.80M $39.14M
YoY Change 7.15% 10.02%
Gross Profit $69.92M $68.62M
YoY Change 4.34% 4.13%
Gross Profit Margin 63.73% 63.68%
Selling, General & Admin $8.609M $9.507M
YoY Change 6.53% 24.1%
% of Gross Profit 12.31% 13.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.82M $29.90M
YoY Change -4.07% -1.68%
% of Gross Profit 42.65% 43.58%
Operating Expenses $38.43M $9.507M
YoY Change 375.58% 24.1%
Operating Profit $31.49M $29.72M
YoY Change 11.22% 4.85%
Interest Expense -$15.91M $15.73M
YoY Change -209.36% 7.25%
% of Operating Profit -50.51% 52.93%
Other Income/Expense, Net -$187.0K $6.679M
YoY Change 3.31% -4222.84%
Pretax Income $15.40M $20.67M
YoY Change 13.31% 52.92%
Income Tax $187.0K $270.0K
% Of Pretax Income 1.21% 1.31%
Net Earnings $11.98M $20.67M
YoY Change -11.81% 52.92%
Net Earnings / Revenue 10.92% 19.18%
Basic Earnings Per Share $0.20 $0.27
Diluted Earnings Per Share $0.15 $0.27
COMMON SHARES
Basic Shares Outstanding 60.72M shares 60.72M shares
Diluted Shares Outstanding 76.33M shares 76.33M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.71M $87.33M
YoY Change 39.44% 18.7%
Cash & Equivalents $84.71M $87.33M
Short-Term Investments
Other Short-Term Assets $10.39M $9.235M
YoY Change -0.56% 2.57%
Inventory
Prepaid Expenses
Receivables $7.348M $8.492M
Other Receivables $0.00 $0.00
Total Short-Term Assets $102.4M $105.1M
YoY Change 30.65% 16.14%
LONG-TERM ASSETS
Property, Plant & Equipment $2.745B $2.753B
YoY Change -0.64% -0.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.620M $1.782M
YoY Change -28.57% -26.67%
Total Long-Term Assets $2.910B $2.915B
YoY Change -0.64% -0.19%
TOTAL ASSETS
Total Short-Term Assets $102.4M $105.1M
Total Long-Term Assets $2.910B $2.915B
Total Assets $3.012B $3.020B
YoY Change 0.18% 0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.96M $65.95M
YoY Change -5.08% -4.14%
Accrued Expenses $24.50M $25.09M
YoY Change -8.68% -8.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $96.14M $99.88M
YoY Change -5.45% -4.38%
LONG-TERM LIABILITIES
Long-Term Debt $1.688B $1.688B
YoY Change 2.35% 2.34%
Other Long-Term Liabilities $51.06M $52.15M
YoY Change -7.27% 2.67%
Total Long-Term Liabilities $1.739B $1.740B
YoY Change 2.04% 2.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.14M $99.88M
Total Long-Term Liabilities $1.739B $1.740B
Total Liabilities $1.798B $1.840B
YoY Change -0.53% 1.95%
SHAREHOLDERS EQUITY
Retained Earnings -$262.7M -$254.9M
YoY Change 11.76% 12.54%
Common Stock $1.466B $1.464B
YoY Change 0.59% 0.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.215B $1.217B
YoY Change
Total Liabilities & Shareholders Equity $3.012B $3.020B
YoY Change 0.18% 0.3%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $11.98M $20.67M
YoY Change -11.81% 52.92%
Depreciation, Depletion And Amortization $29.82M $29.90M
YoY Change -4.07% -1.68%
Cash From Operating Activities $46.15M $51.97M
YoY Change -1.61% 32.74%
INVESTING ACTIVITIES
Capital Expenditures $19.89M $24.52M
YoY Change -159.86% -132.69%
Acquisitions
YoY Change
Other Investing Activities -$3.498M -$1.177M
YoY Change 79.11% -48.8%
Cash From Investing Activities -$23.39M -$25.70M
YoY Change -33.52% -66.76%
FINANCING ACTIVITIES
Cash Dividend Paid $25.38M
YoY Change 3.39%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.38M $11.49M
YoY Change 3.39% -141.31%
NET CHANGE
Cash From Operating Activities 46.15M $51.97M
Cash From Investing Activities -23.39M -$25.70M
Cash From Financing Activities -25.38M $11.49M
Net Change In Cash -2.619M $37.76M
YoY Change -79.58% -157.25%
FREE CASH FLOW
Cash From Operating Activities $46.15M $51.97M
Capital Expenditures $19.89M $24.52M
Free Cash Flow $26.26M $27.45M
YoY Change -67.23% -75.95%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
San Diego
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001500217
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q4 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2022#OtherAssets
CY2023Q1 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2022#OtherAssets
CY2022Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAssets
CY2023Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAssets
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
AMERICAN ASSETS TRUST, INC.
CY2023Q1 dei Entity File Number
EntityFileNumber
001-35030
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-3338708
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
3420 Carmel Mountain Road
CY2023Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 100
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92121
CY2023Q1 dei City Area Code
CityAreaCode
858
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
350-2600
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
CY2023Q1 dei Trading Symbol
TradingSymbol
AAT
CY2023Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
60716820 shares
CY2023Q1 us-gaap Rental Properties
RentalProperties
3477372000 usd
CY2022Q4 us-gaap Rental Properties
RentalProperties
3468537000 usd
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
214689000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
202385000 usd
CY2023Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
547000 usd
CY2022Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
547000 usd
CY2023Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3692608000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3671469000 usd
CY2023Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
962697000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
936913000 usd
CY2023Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2729911000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2734556000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
87328000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49571000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49571000 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
8492000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
7848000 usd
CY2023Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
88653000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
87192000 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
105840000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
108714000 usd
CY2023Q1 us-gaap Assets
Assets
3020224000 usd
CY2022Q4 us-gaap Assets
Assets
2987881000 usd
CY2023Q1 us-gaap Secured Debt
SecuredDebt
74601000 usd
CY2022Q4 us-gaap Secured Debt
SecuredDebt
74578000 usd
CY2023Q1 us-gaap Unsecured Debt
UnsecuredDebt
1613014000 usd
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
1539453000 usd
CY2023Q1 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
34057000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
65946000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
65992000 usd
CY2023Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
8839000 usd
CY2022Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
8699000 usd
CY2023Q1 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
78098000 usd
CY2022Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
79577000 usd
CY2023Q1 us-gaap Liabilities
Liabilities
1840498000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
1802356000 usd
CY2023Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
490000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
490000000 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
60717835 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
60717835 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
60718653 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
60718653 shares
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
607000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
607000 usd
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1463236000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1461201000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-254879000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-251167000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
8165000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
10624000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1217129000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1221265000 usd
CY2023Q1 us-gaap Minority Interest
MinorityInterest
-37403000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
-35740000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1179726000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1185525000 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3020224000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2987881000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
102710000 usd
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
96986000 usd
CY2023Q1 us-gaap Other Operating Income
OtherOperatingIncome
5044000 usd
CY2022Q1 us-gaap Other Operating Income
OtherOperatingIncome
4484000 usd
CY2023Q1 us-gaap Revenues
Revenues
107754000 usd
CY2022Q1 us-gaap Revenues
Revenues
101470000 usd
CY2023Q1 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
27506000 usd
CY2022Q1 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
24145000 usd
CY2023Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
11632000 usd
CY2022Q1 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
11429000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8999000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7142000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
29901000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
30412000 usd
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
78038000 usd
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
73128000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
29716000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
28342000 usd
CY2023Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-15729000 usd
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-14666000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6679000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-162000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
20666000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
13514000 usd
CY2023Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
189000 usd
CY2022Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
155000 usd
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
4341000 usd
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2836000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16136000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10523000 usd
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60144609 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60038683 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76326146 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76220220 shares
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.32
CY2023Q1 us-gaap Profit Loss
ProfitLoss
20666000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
13514000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2269000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
5596000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
17543000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18835000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3677000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3966000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13866000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14869000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1185525000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
20666000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
25377000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2035000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2269000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
854000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1179726000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1210123000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
13514000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
24545000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1489000 usd
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
15000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
5596000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
275000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1205887000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
20666000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
13514000 usd
CY2023Q1 aat Deferred Rent Revenue And Amortization Of Lease Intangibles
DeferredRentRevenueAndAmortizationOfLeaseIntangibles
-3155000 usd
CY2022Q1 aat Deferred Rent Revenue And Amortization Of Lease Intangibles
DeferredRentRevenueAndAmortizationOfLeaseIntangibles
-4508000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29901000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30412000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
884000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
640000 usd
CY2023Q1 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
518000 usd
CY2022Q1 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
92000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2035000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1489000 usd
CY2023Q1 aat Other Non Cash Interest Expense
OtherNonCashInterestExpense
854000 usd
CY2022Q1 aat Other Non Cash Interest Expense
OtherNonCashInterestExpense
275000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-207000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3763000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
926000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
517000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
218000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-50000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2464000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1776000 usd
CY2023Q1 aat Increase Decrease In Security Deposits Payable
IncreaseDecreaseInSecurityDepositsPayable
140000 usd
CY2022Q1 aat Increase Decrease In Security Deposits Payable
IncreaseDecreaseInSecurityDepositsPayable
237000 usd
CY2023Q1 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
305000 usd
CY2022Q1 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
2000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51967000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39149000 usd
CY2023Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
0 usd
CY2022Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
45167000 usd
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
24518000 usd
CY2022Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
29829000 usd
CY2023Q1 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
1177000 usd
CY2022Q1 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
2299000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25695000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-77295000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
225000000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
36000000 usd
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2023Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
150000000 usd
CY2022Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2138000 usd
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3245000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
25377000 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
24545000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11485000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27805000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
37757000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-65951000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49571000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
139524000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87328000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73573000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
87328000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
73573000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87328000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73573000 usd
CY2023Q1 dei Entity Number Of Employees
EntityNumberOfEmployees
226 employee
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
31 property
CY2023Q1 aat Real Estate Properties Held For Development
RealEstatePropertiesHeldForDevelopment
3 property
CY2023Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
17571000 usd
CY2022Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
15847000 usd
CY2023Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1842000 usd
CY2022Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1181000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
15729000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
14666000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
20375000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
19722000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
392000 usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
127000 usd
CY2023Q1 aat Increase Decrease Accrued Construction In Progress
IncreaseDecreaseAccruedConstructionInProgress
18322000 usd
CY2022Q1 aat Increase Decrease Accrued Construction In Progress
IncreaseDecreaseAccruedConstructionInProgress
19677000 usd
CY2023Q1 aat Increase Decrease Accrued Leasing Commissions
IncreaseDecreaseAccruedLeasingCommissions
2443000 usd
CY2022Q1 aat Increase Decrease Accrued Leasing Commissions
IncreaseDecreaseAccruedLeasingCommissions
3389000 usd
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2023Q1 aat Number Of Rooms In Mixed Use Segment All Suite Hotel
NumberOfRoomsInMixedUseSegmentAllSuiteHotel
369 room
CY2023Q1 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, 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 tenants to perform under the terms of their lease agreement. The provision for doubtful accounts at March 31, 2023 and December 31, 2022 was approximately $2.3 million and $2.1 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%">Due to the impacts of COVID-19, in 2020 through 2022 we provided lease concessions to certain tenants, primarily</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">within the retail segment, in the form of rent deferrals and abatements. We assess each lease concession and determine whether</span></div>it represents a lease modifications under Accounting Standards Codification Topic 842, Leases ("ASC 842").
CY2023Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
2300000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
2100000 usd
CY2023Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
52832000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
52832000 usd
CY2023Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
33961000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
33168000 usd
CY2023Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
18871000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
19664000 usd
CY2023Q1 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
The effective portion of changes in the fair value of the derivatives that are designated as cash flow hedges are being recorded in accumulated other comprehensive income and will be subsequently reclassified into earnings during the period in which the hedged forecasted transaction affects earnings for as long as hedged cash flows remain probable. During the next twelve months, we estimate the cash flow hedges in place will reduce interest expense by approximately $0.4 million.The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivative.  This analysis reflects the contractual terms of the derivative, including the period to maturity, and counterparty credit risk and uses observable market-based inputs, including interest rate curves, and implied volatilities.  The fair value of the interest rate swap is determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts).  The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves.
CY2023Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
400000 usd
CY2023Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
44962000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
43078000 usd
CY2023Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
37655000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
38436000 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
7909000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
9986000 usd
CY2023Q1 aat Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
96000 usd
CY2022Q4 aat Finite Lived Intangible Asset Off Market Lease Favorable Net
FiniteLivedIntangibleAssetOffMarketLeaseFavorableNet
107000 usd
CY2023Q1 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
22251000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
23526000 usd
CY2023Q1 aat Lease Incentive Accumulated Amortization
LeaseIncentiveAccumulatedAmortization
1055000 usd
CY2022Q4 aat Lease Incentive Accumulated Amortization
LeaseIncentiveAccumulatedAmortization
1012000 usd
CY2023Q1 us-gaap Incentive To Lessee
IncentiveToLessee
1513000 usd
CY2022Q4 us-gaap Incentive To Lessee
IncentiveToLessee
1296000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1640000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1549000 usd
CY2023Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
2074000 usd
CY2022Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
2165000 usd
CY2023Q1 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
415000 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
0 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1782000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23325000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23921000 usd
CY2023Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
9235000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
9277000 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
105840000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
108714000 usd
CY2023Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
18871000 usd
CY2022Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
19664000 usd
CY2023Q1 us-gaap Deferred Revenue
DeferredRevenue
18428000 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
17971000 usd
CY2023Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
388000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
196000 usd
CY2023Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2369000 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2411000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
852000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
852000 usd
CY2023Q1 aat Deferred Rent Credits
DeferredRentCredits
12024000 usd
CY2022Q4 aat Deferred Rent Credits
DeferredRentCredits
12746000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
25092000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25676000 usd
CY2023Q1 us-gaap Other Liabilities
OtherLiabilities
74000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
61000 usd
CY2023Q1 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
78098000 usd
CY2022Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
79577000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
20666000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
13514000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2000000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1500000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9500000 usd
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
573253 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
485493 shares
CY2023Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
189000 usd
CY2022Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
155000 usd
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
4341000 usd
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2836000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16136000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10523000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
16136000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10523000 usd
CY2023Q1 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships Diluted
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnershipsDiluted
4341000 usd
CY2022Q1 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships Diluted
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnershipsDiluted
2836000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
20477000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13359000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60144609 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60038683 shares
CY2023Q1 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
16181537 shares
CY2022Q1 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
16181537 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76326146 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76220220 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
700000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
700000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
900000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
900000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2023Q1 us-gaap Loss On Contract Termination For Default
LossOnContractTerminationForDefault
6600000 usd
CY2023Q1 aat Number Of Consolidated Properties
NumberOfConsolidatedProperties
15 property
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
188878000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
231639000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
208649000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
191878000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
167065000 usd
CY2023Q1 aat Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
316554000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1304663000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2509000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3428000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3531000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3584000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3584000 usd
CY2023Q1 aat Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
12543000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29179000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4087000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
25092000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
927000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
844000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
1003000 usd
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
763000 usd
CY2023Q1 aat Lease Income Cost
LeaseIncomeCost
76000 usd
CY2022Q1 aat Lease Income Cost
LeaseIncomeCost
-81000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0319
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
820000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
796000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
555000 usd
CY2022Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
482000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10018000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8055000 usd
CY2023Q1 aat Other Real Estate Rental Revenue
OtherRealEstateRentalRevenue
666000 usd
CY2022Q1 aat Other Real Estate Rental Revenue
OtherRealEstateRentalRevenue
642000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
102710000 usd
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
96986000 usd
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
2200000 usd
CY2022Q1 us-gaap Straight Line Rent
StraightLineRent
3700000 usd
CY2023Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
800000 usd
CY2022Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
800000 usd
CY2023Q1 aat Direct Costs Of Leased Property Lessor Expense
DirectCostsOfLeasedPropertyLessorExpense
12440000 usd
CY2022Q1 aat Direct Costs Of Leased Property Lessor Expense
DirectCostsOfLeasedPropertyLessorExpense
11144000 usd
CY2023Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
6917000 usd
CY2022Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
5648000 usd
CY2023Q1 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
5235000 usd
CY2022Q1 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
4760000 usd
CY2023Q1 us-gaap Marketing Expense
MarketingExpense
508000 usd
CY2022Q1 us-gaap Marketing Expense
MarketingExpense
519000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
883000 usd
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
809000 usd
CY2023Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
971000 usd
CY2022Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
809000 usd
CY2023Q1 us-gaap Management Fee Expense
ManagementFeeExpense
552000 usd
CY2022Q1 us-gaap Management Fee Expense
ManagementFeeExpense
456000 usd
CY2023Q1 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
27506000 usd
CY2022Q1 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
24145000 usd
CY2023Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
434000 usd
CY2022Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
36000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
270000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
198000 usd
CY2023Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
6515000 usd
CY2022Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6679000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-162000 usd
CY2023Q1 aat Percentage Of Investment In Related Party
PercentageOfInvestmentInRelatedParty
0.477
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2023Q1 aat Number Of Rooms In Mixed Use Segment All Suite Hotel
NumberOfRoomsInMixedUseSegmentAllSuiteHotel
369 room
CY2023Q1 us-gaap Gross Profit
GrossProfit
68616000 usd
CY2022Q1 us-gaap Gross Profit
GrossProfit
65896000 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
68616000 usd
CY2022Q1 us-gaap Gross Profit
GrossProfit
65896000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8999000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7142000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
29901000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
30412000 usd
CY2023Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-15729000 usd
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-14666000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6679000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-162000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
20666000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
13514000 usd
CY2023Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
189000 usd
CY2022Q1 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
155000 usd
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
4341000 usd
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2836000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16136000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10523000 usd
CY2023Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2729911000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2734556000 usd
CY2023Q1 us-gaap Notes Payable
NotesPayable
75000000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
75000000 usd
CY2023Q1 aat Capital Expenditures And Leasing Commissions
CapitalExpendituresAndLeasingCommissions
25695000 usd
CY2022Q1 aat Capital Expenditures And Leasing Commissions
CapitalExpendituresAndLeasingCommissions
32128000 usd

Files In Submission

Name View Source Status
aat-20230331_cal.xml Edgar Link unprocessable
aat-20230331_def.xml Edgar Link unprocessable
0001500217-23-000032-index-headers.html Edgar Link pending
0001500217-23-000032-index.html Edgar Link pending
0001500217-23-000032.txt Edgar Link pending
0001500217-23-000032-xbrl.zip Edgar Link pending
aat-20230331.htm Edgar Link pending
aat-20230331.xsd Edgar Link pending
aat-20230331_g1.jpg Edgar Link pending
aat-ex311xq12023ng.htm Edgar Link pending
aat-ex312xq12023ng.htm Edgar Link pending
aat-ex313xq12023ng.htm Edgar Link pending
aat-ex314xq12023ng.htm Edgar Link pending
aat-ex321xq12023ng.htm Edgar Link pending
aat-ex322xq12023ng.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
aat-20230331_lab.xml Edgar Link unprocessable
aat-20230331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
aat-20230331_htm.xml Edgar Link completed
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending