American Assets Trust, Inc. (AAT)

American Assets Trust Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	414.19	423.61	419.37	402.51	360.21	330.31
Other Revenue	20.98	29.73	17.4	16.06	12.83	11.78
Total Revenue	435.17	453.34	436.78	418.57	373.04	342.09
Revenue Growth (YoY	-3.81%	3.79%	4.35%	12.21%	9.04%	-5.65%
Property Expenses	161.82	160.16	156.09	145.97	125.2	116.62
Selling, General & Administrative	39.07	38.52	39.45	34.52	31.66	28.6
Depreciation & Amortization	125.99	125.46	119.5	123.34	116.31	108.29
Total Operating Expenses	326.88	324.14	315.03	303.83	273.17	253.51
Operating Income	108.29	129.2	121.75	114.73	99.87	88.58
Interest Expense	-82.09	-74.53	-64.71	-58.23	-58.59	-53.44
Interest & Investment Income	8.94	9.03	2.18	0.23	0.32	0.44
Other Non-Operating Income	-10	0	0.02	-	-0	0
EBT Excluding Unusual Items	25.14	63.71	59.23	56.73	41.6	35.58
Gain (Loss) on Sale of Assets	44.48	-	-	-	-	-
Total Legal Settlements	10	10	6.5	-	-	-
Other Unusual Items	-	-	-	-	-4.27	-
Pretax Income	79.61	73.71	65.73	56.73	37.33	35.58
Income Tax Expense	0.88	0.89	1.04	0.85	0.74	-0.01
Earnings From Continuing Operations	78.73	72.82	64.69	55.88	36.59	35.59
Minority Interest in Earnings	-17.26	-16.02	-14.31	-12.37	-8.22	-7.93
Net Income	61.48	56.8	50.38	43.51	28.38	27.66
Net Income to Common	61.48	56.8	50.38	43.51	28.38	27.66
Net Income Growth	5.45%	12.74%	15.80%	53.32%	2.59%	-39.50%
Basic Shares Outstanding	61	60	60	60	60	60
Diluted Shares Outstanding	77	77	76	76	76	76
Shares Change (YoY)	0.29%	0.23%	0.14%	0.08%	0.07%	7.54%
EPS (Basic)	1.02	0.94	0.84	0.72	0.47	0.46
EPS (Diluted)	1.02	0.94	0.84	0.72	0.47	0.46
EPS Growth	5.06%	12.42%	15.58%	53.17%	2.27%	-45.26%
Dividend Per Share	1.355	1.340	1.320	1.280	1.160	1.000
Dividend Growth	1.50%	1.52%	3.13%	10.35%	16.00%	-12.28%
Operating Margin	24.88%	28.50%	27.87%	27.41%	26.77%	25.89%
Profit Margin	14.13%	12.53%	11.53%	10.39%	7.61%	8.09%
EBITDA	232	251.98	238.16	234.77	212.94	192.94
EBITDA Margin	53.31%	55.58%	54.53%	56.09%	57.08%	56.40%
D&A For Ebitda	123.71	122.78	116.41	120.03	113.07	104.36
EBIT	108.29	129.2	121.75	114.73	99.87	88.58
EBIT Margin	24.88%	28.50%	27.87%	27.41%	26.77%	25.89%
Funds From Operations (FFO)	159.53	197.53	183.44	178.57	152.34	143.5
FFO Per Share	2.08	2.58	2.40	2.34	2.00	1.89
Adjusted Funds From Operations (AFFO)	-	132.16	124.08	178.57	152.34	143.5
AFFO Per Share	-	1.73	1.63	2.34	2.00	1.89
FFO Payout Ratio	51.93%	41.35%	43.73%	43.42%	46.06%	41.97%
Effective Tax Rate	1.11%	1.20%	1.58%	1.50%	1.98%	-
Revenue as Reported	439.58	457.86	441.16	422.65	375.83	344.57

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q