Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
REVENUE:
Rental income	$ 101,070	$ 105,094	$ 204,021	$ 210,115
Other property income	6,863	5,796	12,519	11,470
Total revenue	107,933	110,890	216,540	221,585
EXPENSES:
Rental expenses	29,678	29,505	59,978	59,346
Real estate taxes	10,645	10,843	21,650	22,089
General and administrative	8,850	8,737	18,162	17,579
Depreciation and amortization	32,782	31,011	63,276	61,228
Total operating expenses	81,955	80,096	163,066	160,242
Gain on sale of real estate	0	0	44,476	0
OPERATING INCOME	25,978	30,794	97,950	61,343
Interest expense, net	(19,784)	(16,289)	(38,564)	(32,544)
Other income, net	927	789	1,842	11,118
NET INCOME	7,121	15,294	61,228	39,917
Net income attributable to restricted shares	(206)	(195)	(409)	(391)
Net income attributable to unitholders in the Operating Partnership	(1,459)	(3,195)	(12,828)	(8,362)
NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS	$ 5,456	$ 11,904	$ 47,991	$ 31,164
EARNINGS PER COMMON SHARE
Earnings per common share, basic (in dollars per share)	$ 0.09	$ 0.20	$ 0.79	$ 0.52
Weighted average shares of common stock outstanding - basic (in shares)	60,540,125	60,312,878	60,538,720	60,311,399
Earnings per common share, diluted
Earnings per common share, diluted (in dollars per share)	$ 0.09	$ 0.20	$ 0.79	$ 0.52
Weighted average shares of common stock outstanding - diluted (in shares)	76,721,662	76,494,415	76,720,257	76,492,936
DIVIDENDS DECLARED PER COMMON SHARE (in USD per share)	$ 0.340	$ 0.335	$ 0.680	$ 0.670
COMPREHENSIVE INCOME
Net income	$ 7,121	$ 15,294	$ 61,228	$ 39,917
Other comprehensive income - unrealized (loss) income on swap derivatives during the period	(768)	(850)
Reclassification of amortization of forward-starting swap included in interest expense	(258)	(99)	(516)	(197)
Comprehensive income	6,095	14,345	58,752	40,262
Comprehensive income attributable to non-controlling interests	(1,241)	(2,993)	(12,303)	(8,432)
Comprehensive income attributable to American Assets Trust, Inc.	4,854	11,352	46,449	31,830
Interest Rate Swap
COMPREHENSIVE INCOME
Other comprehensive income - unrealized (loss) income on swap derivatives during the period	$ (768)	$ (850)	$ (1,960)	$ 542

American Assets Trust, Inc. 10-Q