American Assets Trust, Inc.
18.95-1.16 (-5.77%)
Oct 29, 4:00:02 PM EDT · NYSE · AAT · USD
Key Stats
Market Cap
1.47BP/E (TTM)
15.66Basic EPS (TTM)
1.21Dividend Yield
0%Recent Filings
8-K
Q3 FFO dips, leasing rebounds
American Assets Trust reported Q3 2025 net income of $4.5 million, down from $16.7 million last year, with FFO at $0.49 per diluted share versus $0.71 amid office occupancy dips to 81.9%. Yet leasing surged, securing 181,000 office square feet at 9% cash rent hikes and 125,000 retail feet at 4% increases, bolstering same-store cash NOI up 0.6% year-to-date. Guidance lifted to $1.93-$2.01 FFO per share. Del Monte sale boosted nine-month gains, but tourism slumps hit hotel ops.
10-Q
Q2 FY2025 results
American Assets Trust posted solid Q2 FY2025 results, with total revenue dipping 3% year-over-year to $107.9M amid the Del Monte Center sale, yet same-store retail operating income climbed 6% thanks to fresh leases and rent bumps at key spots like Carmel Mountain Plaza. Office revenue held steady at 82% occupancy, while multifamily added a lift from the $67.9M Genesee Park buy in February, boosting units to 2,302. A $44.5M gain from the February disposition fueled YTD net income to $61.2M, up 53% from last year, though Q2 EPS fell to $0.09 from $0.20 on higher interest costs after the 6.15% notes issuance. Cash sits at $143.7M post-$325M in debt paydowns, with free cash flow at $48.8M (derived). Tariffs could squeeze tenant rents and hike build costs.
8-K
Q2 net income dips; YTD surges
American Assets Trust reported Q2 2025 net income of $5.5 million, down from $11.9 million last year, but year-to-date net income soared to $48.0 million thanks to a $44.5 million gain on the February Del Monte Center sale. FFO excluding adjustments fell to $0.51 per diluted share from $0.60, pressured by higher interest costs and office occupancy dips to 82.0%, yet retail leasing boomed with 7.4% cash rent hikes on 213,000 square feet. Same-store cash NOI edged down 0.3% quarterly but rose 1.4% year-to-date. Guidance lifted to $1.89-$2.01 FFO per share. Office vacancies linger.
8-K
AAT at REITweek
American Assets Trust's senior management is engaging investors and analysts at the NAREIT REITweek Conference on June 4, 2025. Presentation materials are now accessible on the company's website under Investors / Presentations & Events. This outreach highlights ongoing investor relations efforts. No specific financial or strategic updates were disclosed in the filing.
8-K
Annual meeting results
American Assets Trust held its 2025 annual stockholder meeting on June 2, electing Ernest S. Rady, Thomas S. Olinger, Joy L. Schaefer, Dr. Robert S. Sullivan, and Nina A. Tran to its board until 2026. Stockholders ratified Ernst & Young as auditors for the year ending December 31, 2025, with 56.5 million votes in favor. An advisory vote approved 2024 executive compensation, passing 54.1 million to 1.4 million. Continuity intact.
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