American Assets Trust, Inc. (AAT)

NYSE: AAT · Real-Time Price · USD

19.41

-0.14 (-0.72%)

At close: Feb 23, 2026, 4:00 PM EST

19.93

+0.52 (2.67%)

After-hours: Feb 23, 2026, 7:00 PM EST

American Assets Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	410.49	423.61	419.37	402.51	360.21
Other Revenue	21.37	29.73	17.4	16.06	12.83
Total Revenue	431.87	453.34	436.78	418.57	373.04
Revenue Growth (YoY	-4.74%	3.79%	4.35%	12.21%	9.04%
Property Expenses	162.71	160.16	156.09	145.97	125.2
Selling, General & Administrative	40.39	38.52	39.45	34.52	31.66
Depreciation & Amortization	127.31	125.46	119.5	123.34	116.31
Total Operating Expenses	330.41	324.14	315.03	303.83	273.17
Operating Income	101.46	129.2	121.75	114.73	99.87
Interest Expense	-78.12	-74.53	-64.71	-58.23	-58.59
Interest & Investment Income	4.33	9.03	2.18	0.23	0.32
Other Non-Operating Income	-	10	6.52	-	-0
EBT Excluding Unusual Items	27.66	73.71	65.73	56.73	41.6
Gain (Loss) on Sale of Assets	44.48	-	-	-	-
Other Unusual Items	-	-	-	-	-4.27
Pretax Income	72.14	73.71	65.73	56.73	37.33
Income Tax Expense	0.77	0.89	1.04	0.85	0.74
Earnings From Continuing Operations	71.37	72.82	64.69	55.88	36.59
Minority Interest in Earnings	-15.72	-16.02	-14.31	-12.37	-8.22
Net Income	55.65	56.8	50.38	43.51	28.38
Net Income to Common	55.65	56.8	50.38	43.51	28.38
Net Income Growth	-2.02%	12.74%	15.80%	53.32%	2.59%
Basic Shares Outstanding	61	60	60	60	60
Diluted Shares Outstanding	77	77	76	76	76
Shares Change (YoY)	0.29%	0.23%	0.14%	0.08%	0.07%
EPS (Basic)	0.92	0.94	0.84	0.72	0.47
EPS (Diluted)	0.92	0.94	0.84	0.72	0.47
EPS Growth	-2.38%	12.42%	15.58%	53.17%	2.27%
Dividend Per Share	1.360	1.340	1.320	1.280	1.160
Dividend Growth	1.49%	1.52%	3.13%	10.35%	16.00%
Operating Margin	23.49%	28.50%	27.87%	27.41%	26.77%
Profit Margin	12.88%	12.53%	11.53%	10.39%	7.61%
EBITDA	226.64	251.98	238.16	234.77	212.94
EBITDA Margin	52.48%	55.58%	54.53%	56.09%	57.08%
D&A For Ebitda	125.19	122.78	116.41	120.03	113.07
EBIT	101.46	129.2	121.75	114.73	99.87
EBIT Margin	23.49%	28.50%	27.87%	27.41%	26.77%
Funds From Operations (FFO)	153.45	197.53	183.44	178.57	152.34
FFO Per Share	2.00	2.58	2.40	2.34	2.00
Adjusted Funds From Operations (AFFO)	98.26	132.16	183.44	178.57	152.34
AFFO Per Share	1.28	1.73	2.40	2.34	2.00
FFO Payout Ratio	54.25%	41.35%	43.73%	43.42%	46.06%
Effective Tax Rate	1.07%	1.20%	1.58%	1.50%	1.98%
Revenue as Reported	436.2	457.86	441.16	422.65	375.83

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q