2024 Q1 Form 10-K Financial Statement

#000150021724000008 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $110.7M $112.5M $441.2M
YoY Change 2.73% 6.12% 4.38%
Cost Of Revenue $41.09M $43.71M $164.0M
YoY Change 4.98% 9.82% 7.56%
Gross Profit $69.61M $68.78M $277.2M
YoY Change 1.45% 3.9% 2.59%
Gross Profit Margin 62.88% 61.14% 62.84%
Selling, General & Admin $9.871M $9.472M $35.96M
YoY Change 3.83% 5.09% 4.17%
% of Gross Profit 14.18% 13.77% 12.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.22M $29.91M $119.5M
YoY Change 1.06% -0.67% -3.11%
% of Gross Profit 43.41% 43.48% 43.11%
Operating Expenses $9.871M $39.38M $155.5M
YoY Change 3.83% 0.66% 350.32%
Operating Profit $30.55M $29.40M $121.7M
YoY Change 2.8% 8.59% 6.11%
Interest Expense -$16.26M -$16.28M -$64.71M
YoY Change -203.34% 12.64% 11.12%
% of Operating Profit -53.21% -55.39% -53.15%
Other Income/Expense, Net $10.33M $377.0K $7.649M
YoY Change 54.65% -279.52% -1323.84%
Pretax Income $24.62M $13.49M $64.69M
YoY Change 19.15% 8.75% 15.77%
Income Tax $260.0K $1.041M
% Of Pretax Income 1.06% 1.61%
Net Earnings $24.62M $10.48M $50.38M
YoY Change 19.15% 8.85% -9.84%
Net Earnings / Revenue 22.24% 9.32% 11.42%
Basic Earnings Per Share $0.32 $0.17 $0.84
Diluted Earnings Per Share $0.32 $0.14 $0.66
COMMON SHARES
Basic Shares Outstanding 60.90M shares 60.72M shares 60.16M shares
Diluted Shares Outstanding 76.49M shares 76.34M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.55M $82.89M $82.89M
YoY Change 12.85% 67.21% 67.21%
Cash & Equivalents $98.55M $82.89M $82.89M
Short-Term Investments
Other Short-Term Assets $10.30M $10.46M $10.46M
YoY Change 11.53% 12.72% 12.72%
Inventory
Prepaid Expenses
Receivables $7.606M $7.624M $7.624M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $116.5M $90.51M $90.51M
YoY Change 10.86% 35.71% 35.71%
LONG-TERM ASSETS
Property, Plant & Equipment $2.712B $2.705B $2.705B
YoY Change -1.51% -1.93% -1.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.133M $1.295M $1.295M
YoY Change -36.42%
Total Long-Term Assets $2.872B $2.894B $2.894B
YoY Change -1.49% -0.92% -0.92%
TOTAL ASSETS
Total Short-Term Assets $116.5M $90.51M $90.51M
Total Long-Term Assets $2.872B $2.894B $2.894B
Total Assets $2.988B $2.985B $2.985B
YoY Change -1.06% -0.11% -0.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.29M $61.31M $61.31M
YoY Change -0.99% -7.09% -7.09%
Accrued Expenses $22.62M $23.25M $23.25M
YoY Change -9.85% -9.43% -9.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $96.77M $70.19M $70.19M
YoY Change -3.11% -30.06% -30.06%
LONG-TERM LIABILITIES
Long-Term Debt $1.690B $1.690B $1.690B
YoY Change 0.16% 2.52% 2.52%
Other Long-Term Liabilities $44.95M $71.19M $71.19M
YoY Change -13.81% 34.19% 34.19%
Total Long-Term Liabilities $1.735B $1.761B $1.761B
YoY Change -0.26% 3.51% 3.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.77M $70.19M $70.19M
Total Long-Term Liabilities $1.735B $1.761B $1.761B
Total Liabilities $1.833B $1.787B $1.787B
YoY Change -0.42% -0.86% 1.14%
SHAREHOLDERS EQUITY
Retained Earnings -$281.2M -$280.2M
YoY Change 10.32% 11.57%
Common Stock $1.471B $1.470B
YoY Change 0.52% 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.200B $1.198B $1.198B
YoY Change
Total Liabilities & Shareholders Equity $2.988B $2.985B $2.985B
YoY Change -1.06% -0.11% -0.11%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $24.62M $10.48M $50.38M
YoY Change 19.15% 8.85% -9.84%
Depreciation, Depletion And Amortization $30.22M $29.91M $119.5M
YoY Change 1.06% -0.67% -3.11%
Cash From Operating Activities $54.78M $38.85M $188.8M
YoY Change 5.41% 1.76% 5.41%
INVESTING ACTIVITIES
Capital Expenditures $10.94M $18.78M $82.98M
YoY Change -55.38% -26.25% -47.79%
Acquisitions
YoY Change
Other Investing Activities -$2.353M -$907.0K -$6.907M
YoY Change 99.92% -25.72% -6.33%
Cash From Investing Activities -$13.29M -$19.69M -$89.89M
YoY Change -48.27% -26.23% -45.96%
FINANCING ACTIVITIES
Cash Dividend Paid $25.82M $101.6M
YoY Change 1.75% 3.38%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$25.82M -26.25M -$65.55M
YoY Change -324.82% 3.53% -36.18%
NET CHANGE
Cash From Operating Activities $54.78M 38.85M $188.8M
Cash From Investing Activities -$13.29M -19.69M -$89.89M
Cash From Financing Activities -$25.82M -26.25M -$65.55M
Net Change In Cash $15.67M -7.083M $33.32M
YoY Change -58.51% -48.9% -137.04%
FREE CASH FLOW
Cash From Operating Activities $54.78M $38.85M $188.8M
Capital Expenditures $10.94M $18.78M $82.98M
Free Cash Flow $43.84M $20.07M $105.8M
YoY Change 59.71% 57.87% 425.57%

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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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2723000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1210123000 usd
CY2022 us-gaap Profit Loss
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55877000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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CY2022 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
98248000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8690000 usd
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
759000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
11319000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1185525000 usd
CY2023 us-gaap Profit Loss
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64690000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
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CY2023 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
101571000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
831000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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-1827000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1153675000 usd
CY2022 us-gaap Profit Loss
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55877000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
36593000 usd
CY2023 aat Deferred Rent Revenue And Amortization Of Lease Intangibles
DeferredRentRevenueAndAmortizationOfLeaseIntangibles
-7239000 usd
CY2022 aat Deferred Rent Revenue And Amortization Of Lease Intangibles
DeferredRentRevenueAndAmortizationOfLeaseIntangibles
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CY2021 aat Deferred Rent Revenue And Amortization Of Lease Intangibles
DeferredRentRevenueAndAmortizationOfLeaseIntangibles
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
119500000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
123338000 usd
CY2023 aat Amortization Of Debt Issuance Costs And Debt Fair Value Adjustments
AmortizationOfDebtIssuanceCostsAndDebtFairValueAdjustments
3388000 usd
CY2022 aat Amortization Of Debt Issuance Costs And Debt Fair Value Adjustments
AmortizationOfDebtIssuanceCostsAndDebtFairValueAdjustments
2581000 usd
CY2021 aat Amortization Of Debt Issuance Costs And Debt Fair Value Adjustments
AmortizationOfDebtIssuanceCostsAndDebtFairValueAdjustments
2753000 usd
CY2021 us-gaap Net Investment In Lease Credit Loss Expense Reversal
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-2289000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
8838000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
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8493000 usd
CY2023 aat Other Non Cash Interest Expense
OtherNonCashInterestExpense
1149000 usd
CY2022 aat Other Non Cash Interest Expense
OtherNonCashInterestExpense
1477000 usd
CY2021 aat Other Non Cash Interest Expense
OtherNonCashInterestExpense
1098000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-266000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
252000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1314000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
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870000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
404000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
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-2273000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1141000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
723000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-109000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
765000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1237000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15331000 usd
CY2023 aat Increase Decrease In Security Deposits Payable
IncreaseDecreaseInSecurityDepositsPayable
181000 usd
CY2022 aat Increase Decrease In Security Deposits Payable
IncreaseDecreaseInSecurityDepositsPayable
655000 usd
CY2021 aat Increase Decrease In Security Deposits Payable
IncreaseDecreaseInSecurityDepositsPayable
443000 usd
CY2023 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
83000 usd
CY2022 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
1179000 usd
CY2021 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
1464000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
188751000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
179072000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
168329000 usd
CY2023 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
0 usd
CY2022 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
45166000 usd
CY2021 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
204511000 usd
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
82980000 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
113781000 usd
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
104588000 usd
CY2023 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
6907000 usd
CY2022 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
7374000 usd
CY2021 us-gaap Increase Decrease In Lease Acquisition Costs
IncreaseDecreaseInLeaseAcquisitionCosts
3142000 usd
CY2023 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 usd
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
47760000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
47723000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-89887000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-166321000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-312278000 usd
CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
75000000 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
111000000 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2023 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
225000000 usd
CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2023 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
0 usd
CY2022 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
36000000 usd
CY2021 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
0 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
36000000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000 usd
CY2023 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
150000000 usd
CY2022 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2021 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
155375000 usd
CY2023 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 usd
CY2022 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 usd
CY2021 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
494675000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2145000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3697000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5075000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
101571000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
98248000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
88936000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
831000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
759000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
865000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-65547000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-102704000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
144424000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
33317000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-89953000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
475000 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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
139049000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82888000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49571000 usd
CY2023Q4 dei Entity Number Of Employees
EntityNumberOfEmployees
228 employee
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
31 property
CY2023Q4 aat Real Estate Properties Held For Development
RealEstatePropertiesHeldForDevelopment
3 property
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, referred to as “GAAP,” requires management to make estimates and assumptions that in certain circumstances affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management's best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.
CY2023 us-gaap Interest Costs Incurred
InterestCostsIncurred
72479000 usd
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
63997000 usd
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
61578000 usd
CY2023 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
7773000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
5765000 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2991000 usd
CY2023 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-64706000 usd
CY2022 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-58232000 usd
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-58587000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
62003000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
56060000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
50970000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
1427000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
865000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
356000 usd
CY2023 aat Increase Decrease Accrued Construction In Progress
IncreaseDecreaseAccruedConstructionInProgress
16103000 usd
CY2022 aat Increase Decrease Accrued Construction In Progress
IncreaseDecreaseAccruedConstructionInProgress
20832000 usd
CY2021 aat Increase Decrease Accrued Construction In Progress
IncreaseDecreaseAccruedConstructionInProgress
18697000 usd
CY2023 aat Increase Decrease Accrued Leasing Commissions
IncreaseDecreaseAccruedLeasingCommissions
1726000 usd
CY2022 aat Increase Decrease Accrued Leasing Commissions
IncreaseDecreaseAccruedLeasingCommissions
2442000 usd
CY2021 aat Increase Decrease Accrued Leasing Commissions
IncreaseDecreaseAccruedLeasingCommissions
2628000 usd
CY2023 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, based on management's assessment of credit, collection and other business risks. When we determine that we are the owner of tenant improvements and the tenant has reimbursed us for a portion or all of the tenant improvement costs, we consider the amount paid to be additional rent, which is recognized on a straight-line basis over the term of the related lease. For first generation tenants, in instances in which we fund tenant improvements and the improvements are deemed to be owned by us, revenue recognition will commence when the improvements are substantially completed and possession or control of the space is turned over to the tenant. When we determine that the tenant is the owner of tenant improvements, tenant allowances are recorded as lease incentives and we commence revenue recognition and lease incentive amortization when possession or control of the space is turned over to the tenant for tenant work to begin. Percentage rents, which represent additional rents based upon the level of sales achieved by </span></div><div style="margin-top:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">certain tenants, are recognized at the end of the lease year or earlier if we have determined the required sales level is achieved and the percentage rents are collectible. Real estate tax and other cost reimbursements are recognized on an accrual basis over the periods in which the related expenditures are incurred.</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%">Other property income includes parking income, general excise tax billed to tenants and fees charged to tenants at our multifamily properties. Other property income is recognized when we satisfy performance obligations as evidenced by the transfer of control of our services to customers. We measure other property income based on the amount of consideration we expect to be entitled to in exchange for the services provided. We recognize general excise tax gross, with the amounts billed to tenants and customers recorded in other property income and the related taxes paid as rental expense. The general excise tax included in other property income was $3.7 million, $3.4 million and $2.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. For a tenant to terminate its lease agreement prior to the end of the agreed term, we may require that they pay a fee to cancel the lease agreement. Lease termination fees for which the tenant has relinquished control of the space are generally recognized on the later of the termination date or the satisfaction of all conditions precedent to the lease termination, including, without limitation, payment of all lease termination fees. When a lease is terminated early but the tenant continues to control the space under a modified lease agreement, the lease termination fee is generally recognized evenly over the remaining term of the modified lease agreement. </span></div><div><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current accounts receivable from tenants primarily relate to contractual minimum rent and percentage rent as well as real estate tax and other cost reimbursements. Accounts receivable from straight-line rent is typically longer term in nature and relates to the cumulative amount by which straight-line rental income recorded to date exceeds cash rents billed to date under the contractual lease agreement.</span></div><div style="margin-top:9pt;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 recognize revenue on the hotel portion of our mixed-use property from the rental of hotel rooms and guest services when we satisfy performance obligations as evidenced by the transfer of control when the rooms are occupied and services have been provided. Food and beverage sales are recognized when the customer has been served or at the time the transaction occurs. Revenue from room rental is included in rental revenue on the statement of comprehensive income. Revenue from other sales and services provided is included in other property income on the statement of comprehensive income. </span></div><div style="margin-top:9pt;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 requires significant judgment by management. The collectability of receivables is affected by numerous different factors including current economic trends, including the impact of the COVID-19 on tenant's businesses and changes in tenants' payment patterns, 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 credits held with respect to tenants, and the ability of the tenant to perform under the terms of their lease agreement when evaluating the adequacy of the allowance for doubtful accounts. If our assessment of these factors indicates that it is no longer probable that we will be able to collect substantially all rents, we recognize a charge to rental income and limit our rental income to the lesser of lease income on a straight-line basis plus variable rents when they become accruable or cash collected. If we change our conclusion regarding the probability of collecting rent payments required by a lessee, we may recognize an adjustment to rental income in the period we make a change to our prior conclusion.</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 31, 2023 and December 31, 2022, our allowance for doubtful accounts was $1.4 million and $2.1 million, respectively. Total collectability related adjustments for rental income, which includes the allowance for doubtful accounts and deferred rent receivables, was $1.5 million, $2.3 million and $2.3 million for the years ended December 31, 2023, 2022 and 2021, respectively.</span></div>
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1400000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2100000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1500000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2300000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2300000 usd
CY2023 us-gaap Depreciation
Depreciation
106300000 usd
CY2022 us-gaap Depreciation
Depreciation
108100000 usd
CY2021 us-gaap Depreciation
Depreciation
102000000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
16537000 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
64100000 usd
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
39900000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
700000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
1400000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
2600000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2023Q4 aat Number Of Rooms In Mixed Use Segment All Suite Hotel
NumberOfRoomsInMixedUseSegmentAllSuiteHotel
369 room
CY2023Q4 us-gaap Land
Land
701266000 usd
CY2023Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2388906000 usd
CY2023Q4 us-gaap Land Improvements
LandImprovements
79521000 usd
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
325737000 usd
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
45836000 usd
CY2023Q4 aat Construction In Progress Including Land Gross
ConstructionInProgressIncludingLandGross
200502000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3741768000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1036453000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2705315000 usd
CY2022Q4 us-gaap Land
Land
701326000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2373706000 usd
CY2022Q4 us-gaap Land Improvements
LandImprovements
75534000 usd
CY2022Q4 us-gaap Tenant Improvements
TenantImprovements
315741000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
41306000 usd
CY2022Q4 aat Construction In Progress Including Land Gross
ConstructionInProgressIncludingLandGross
163856000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3671469000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
936913000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2734556000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18664000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23633000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
50624000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
52832000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
34087000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
33168000 usd
CY2023 us-gaap Restricted Stock Expense
RestrictedStockExpense
8800000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
19664000 usd
CY2023 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
3100000 usd
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
3300000 usd
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
3200000 usd
CY2023 aat Acquired Finite Lived Intangible Liabilities Below Market Leases Weighted Average Period Before Renewal Or Extension
AcquiredFiniteLivedIntangibleLiabilitiesBelowMarketLeasesWeightedAveragePeriodBeforeRenewalOrExtension
P10Y10M24D
CY2023 aat Finite Lived Intangible Liabilities Below Market Leases Renewal Options
FiniteLivedIntangibleLiabilitiesBelowMarketLeasesRenewalOptions
9500000 usd
CY2023 aat Finite Lived Intangible Liabilities Below Market Leases Weighted Average Period Before Next Renewal Or Extension
FiniteLivedIntangibleLiabilitiesBelowMarketLeasesWeightedAveragePeriodBeforeNextRenewalOrExtension
P7Y1M6D
CY2023 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
3127000 usd
CY2022 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
3348000 usd
CY2021 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
3271000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1842000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3881000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3427000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2731000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
2194000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1776000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1460000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
1121000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
7255000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
16537000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2627000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2411000 usd
CY2023Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
7963000 usd
CY2022Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
9986000 usd
CY2023Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
0 usd
CY2022Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
196000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
47978000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
43078000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
36721000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
38436000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
7963000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
9986000 usd
CY2023Q4 aat Lease Incentive Accumulated Amortization
LeaseIncentiveAccumulatedAmortization
1205000 usd
CY2022Q4 aat Lease Incentive Accumulated Amortization
LeaseIncentiveAccumulatedAmortization
1012000 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
1232000 usd
CY2022Q4 us-gaap Incentive To Lessee
IncentiveToLessee
1296000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1813000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1549000 usd
CY2023Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
1809000 usd
CY2022Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
2165000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21503000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23921000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
10457000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
9277000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
99644000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
108714000 usd
CY2023Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
16537000 usd
CY2022Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
19664000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
17261000 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
17971000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
196000 usd
CY2023Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
10666000 usd
CY2022Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
12746000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2627000 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2411000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
784000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
852000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
23254000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25676000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
58000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
61000 usd
CY2023Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
71187000 usd
CY2022Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
79577000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
100000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
425000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
425000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
750000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1700000000 usd
CY2023 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
400000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.28
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.28
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2021Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2023 aat Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
1.20
CY2023 aat Ordinary Income Dividends Percentage
OrdinaryIncomeDividendsPercentage
0.906
CY2022 aat Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
1.18
CY2022 aat Ordinary Income Dividends Percentage
OrdinaryIncomeDividendsPercentage
0.921
CY2021 aat Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
0.73
CY2021 aat Ordinary Income Dividends Percentage
OrdinaryIncomeDividendsPercentage
0.626
CY2023 aat Capital Gain Dividends Per Share
CapitalGainDividendsPerShare
0
CY2023 aat Capital Gain Dividends Percentage
CapitalGainDividendsPercentage
0
CY2022 aat Capital Gain Dividends Per Share
CapitalGainDividendsPerShare
0
CY2022 aat Capital Gain Dividends Percentage
CapitalGainDividendsPercentage
0
CY2021 aat Capital Gain Dividends Per Share
CapitalGainDividendsPerShare
0
CY2021 aat Capital Gain Dividends Percentage
CapitalGainDividendsPercentage
0
CY2023 aat Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.12
CY2023 aat Return Of Capital Dividends Percentage
ReturnOfCapitalDividendsPercentage
0.094
CY2022 aat Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.10
CY2022 aat Return Of Capital Dividends Percentage
ReturnOfCapitalDividendsPercentage
0.079
CY2021 aat Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.43
CY2021 aat Return Of Capital Dividends Percentage
ReturnOfCapitalDividendsPercentage
0.374
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2023 aat Common Stock Dividend Rate Percentage
CommonStockDividendRatePercentage
1.000
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.28
CY2022 aat Common Stock Dividend Rate Percentage
CommonStockDividendRatePercentage
1.000
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.16
CY2021 aat Common Stock Dividend Rate Percentage
CommonStockDividendRatePercentage
1.000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4054411 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1965554 shares
CY2023 aat Measurement Input Volatility Look Back Period
MeasurementInputVolatilityLookBackPeriod
P3Y
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
483000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-21000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
118000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-215000 usd
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
8700000 usd
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
8500000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
8200000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
64690000 usd
CY2023 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
761000 usd
CY2022 aat Net Income Attributable To Restricted Share
NetIncomeAttributableToRestrictedShare
648000 usd
CY2023 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
13551000 usd
CY2022 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
11723000 usd
CY2021 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
7653000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
50378000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43506000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28376000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
50378000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28376000 usd
CY2023 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships Diluted
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnershipsDiluted
13551000 usd
CY2022 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships Diluted
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnershipsDiluted
11723000 usd
CY2021 aat Minority Interest In Continuing Operations Income Loss Operating Partnerships Diluted
MinorityInterestInContinuingOperationsIncomeLossOperatingPartnershipsDiluted
7653000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
63929000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
55229000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36029000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60158976 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60048970 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59990740 shares
CY2023 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
16181537 shares
CY2022 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
16181537 shares
CY2021 aat Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
16181537 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76340513 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76230507 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76172277 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
900000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
700000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
800000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
900000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
86000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1191000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1063000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-221000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
137000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1041000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
850000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
738000 usd
CY2023 us-gaap Loss On Contract Termination For Default
LossOnContractTerminationForDefault
7700000 usd
CY2023 aat Operating Leases Rental Period Terms
OperatingLeasesRentalPeriodTerms
P12M
CY2023 aat Number Of State With Office Retail And Mixed Use Properties
NumberOfStateWithOfficeRetailAndMixedUseProperties
5 state
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
250331000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
237495000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
220200000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
192128000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
149153000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
228664000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1277971000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3428000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3531000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3584000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3584000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3584000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8959000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26670000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3416000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
23254000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
3713000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
3377000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
3664000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
3416000 usd
CY2023 aat Lease Income Cost
LeaseIncomeCost
-49000 usd
CY2022 aat Lease Income Cost
LeaseIncomeCost
39000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0319
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
3328000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
3232000 usd
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3625000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
4004000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
4337000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
42881000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
38115000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2852000 usd
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NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2836000 usd
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NetIncomeLoss
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0.16
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CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
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1954013000 usd
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3040502000 usd
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3671469000 usd
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3529371000 usd
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3246874000 usd
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44076000 usd
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93455000 usd
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0 usd
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0 usd
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RealEstateCostOfRealEstateSold
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CY2023 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
7950000 usd
CY2022 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
18591000 usd
CY2021 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
8712000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3741768000 usd
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3671469000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3529371000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
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936913000 usd
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RealEstateAccumulatedDepreciation
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RealEstateAccumulatedDepreciation
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SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
106306000 usd
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SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
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SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
101962000 usd
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RealEstateAccumulatedDepreciationRealEstateSold
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CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
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RealEstateAccumulatedDepreciationRealEstateSold
0 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
6766000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
18595000 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
8712000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1036453000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
936913000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
847390000 usd

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