American Assets Trust Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Property Revenue	411.96	410.49	423.61	419.37	402.51	360.21
Service and Other Revenue	26.23	25.71	34.24	21.79	20.14	15.62
Revenue	438.19	436.2	457.86	441.16	422.65	375.83
Revenue Growth (YoY)	-3.86%	-4.73%	3.78%	4.38%	12.46%	9.07%
Property Expenses	126.02	124.6	123.5	118.8	107.65	86.98
Total Property Expenses	126.02	124.6	123.5	118.8	107.65	86.98
Property Taxes	45.94	44.99	44.22	45.16	44.79	42.79
Gross Profit	266.23	266.61	290.13	277.21	270.22	246.05
Selling, General & Admin	37.31	37.84	35.47	35.96	32.14	29.88
Depreciation & Amortization Expenses	129.13	127.31	125.46	119.5	123.34	116.31
Operating Income	99.79	145.93	129.2	121.75	114.73	99.87
Net Gains on Disposal of Properties	-	44.48	-	-	-	-
Interest Expense	-79.05	-78.12	-74.53	-64.71	-58.23	-58.59
Other Non-Operating Income (Expense)	3.26	3.56	18.15	7.65	-0.63	-4.69
Total Non-Operating Income (Expense)	-75.79	-30.09	-56.38	-57.06	-58.86	-63.28
Pretax Income	24	115.85	72.82	64.69	55.88	36.59
Net Income	18.25	55.65	56.8	50.38	43.51	28.38
Minority Interest in Earnings	5.76	15.72	16.02	14.31	12.37	8.22
Net Income to Common	18.25	55.65	56.8	50.38	43.51	28.38
Net Income Growth	-77.21%	-2.02%	12.74%	15.80%	53.32%	2.59%
Shares Outstanding (Basic)	61	61	60	60	76	60
Shares Outstanding (Diluted)	77	77	77	76	76	76
Shares Change (YoY)	0.27%	0.29%	0.23%	0.14%	0.08%	0.07%
EPS (Basic)	0.29	0.92	0.94	0.84	0.72	0.47
EPS (Diluted)	0.29	0.92	0.94	0.84	0.72	0.47
EPS Growth	-78.20%	-2.13%	11.91%	16.67%	53.19%	2.17%
Shares Outstanding	61.39	61.39	61.14	60.9	60.72	60.53
Free Cash Flow	82.41	18.82	129.7	98.86	12.75	-143.91
Free Cash Flow Growth	337.97%	-85.49%	31.19%	675.34%	-	-
Free Cash Flow Per Share	1.07	0.25	1.70	1.30	0.17	-1.89
Dividends Per Share	1.360	1.360	1.340	1.320	1.280	1.160
Dividend Growth	-	1.49%	1.52%	3.13%	10.35%	16.00%
Gross Margin	60.76%	61.12%	63.37%	62.84%	63.93%	65.47%
Operating Margin	22.77%	33.45%	28.22%	27.60%	27.15%	26.57%
Profit Margin	5.48%	16.36%	15.90%	14.66%	13.22%	9.74%
FCF Margin	18.81%	4.31%	28.33%	22.41%	3.02%	-38.29%
EBITDA	228.92	273.24	254.66	241.25	238.07	216.18
EBITDA Margin	52.24%	62.64%	55.62%	54.68%	56.33%	57.52%
EBIT	99.79	145.93	129.2	121.75	114.73	99.87
EBIT Margin	22.77%	33.45%	28.22%	27.60%	27.15%	26.57%

Updated May 1, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q