American Assets Trust, Inc. (AAT)

American Assets Trust Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	55.65	56.8	50.38	43.51	28.38
Depreciation & Amortization	125.19	122.78	116.41	120.03	113.07
Other Amortization	2.89	3.65	3.39	2.58	2.75
Gain (Loss) on Sale of Assets	-44.48	-	-	-	-
Stock-Based Compensation	7.4	7.11	8.84	8.69	8.49
Change in Accounts Receivable	0.73	-1.79	-0.87	-0.4	2.27
Change in Accounts Payable	-1.16	5.58	0.77	-1.24	15.33
Change in Other Net Operating Assets	-0.61	-0.9	-0.88	1.11	2.02
Other Operating Activities	20.97	12.36	9.28	2.46	-1.69
Operating Cash Flow	167.12	207.11	188.75	179.07	168.33
Operating Cash Flow Growth	-19.31%	9.72%	5.41%	6.38%	32.56%
Acquisition of Real Estate Assets	-140.13	-70.21	-82.98	-158.95	-309.1
Sale of Real Estate Assets	117.78	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-22.35	-70.21	-82.98	-158.95	-309.1
Investment in Marketable & Equity Securities	-	-	-	-	-0.04
Investing Cash Flow	-30.52	-77.41	-89.89	-166.32	-312.28
Long-Term Debt Issued	-	623.27	225	111	494.68
Long-Term Debt Repaid	-325	-300	-186	-111	-255.38
Net Debt Issued (Repaid)	-325	323.27	39	-	239.3
Repurchase of Common Stock	-2.39	-1.45	-0.83	-0.76	-0.87
Common Dividends Paid	-83.25	-81.69	-80.21	-77.54	-70.17
Other Financing Activities	-22.26	-27.07	-23.51	-24.41	-23.85
Net Cash Flow	-296.3	342.77	33.32	-89.95	0.48
Cash Interest Paid	79.27	64.41	62	56.06	50.97
Cash Income Tax Paid	0.93	1.25	1.43	0.87	0.36
Levered Free Cash Flow	163.54	97.62	3.43	49.28	41.32
Unlevered Free Cash Flow	209.48	140.55	40.48	83.1	75.19
Change in Working Capital	-1.04	2.89	-0.98	-0.53	19.62

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

SEC Filings: 10-K · 10-Q