$23.86
+2.3%American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The company's office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet. In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Outstanding operational efficiency. The company generates substantial profit from core operations.
Strong net margins indicate efficient operations and favorable tax/interest management.
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
AAT โข NYSE
| American Assets Trust, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||||||||||
436.2M | 457.9M | 441.2M | 422.6M | 375.8M | 344.6M | 366.7M | 330.9M | 315M | 295.1M | 275.6M | 260M | 255.1M | 235.5M | 209.8M | 129M | 117M | 120.9M | 117.5M | |
GROSS PROFIT | |||||||||||||||||||
(169.6M) | (167.7M) | (164M) | (152.4M) | (129.8M) | (121.1M) | (132M) | (121.5M) | (116.7M) | (107.9M) | (98M) | (91.2M) | (90M) | (86.1M) | (59.9M) | (36M) | (28.6M) | (32.9M) | (32.6M) | |
266.6M | 290.1M | 277.2M | 270.2M | 246.1M | 223.5M | 234.8M | 209.4M | 198.3M | 187.2M | 177.6M | 168.8M | 165.1M | 149.4M | 149.9M | 93M | 88.4M | 88M | 85M | |
OPERATING INCOME | |||||||||||||||||||
(120.7M) | (160.9M) | (155.5M) | (155.5M) | (146.2M) | (134.9M) | (121.1M) | (129.9M) | (104.7M) | (89.2M) | (83.5M) | (85.1M) | (84M) | (77.4M) | (91.1M) | (46.5M) | (36.9M) | (39.8M) | (41.8M) | |
(37.8M) | (35.5M) | (36M) | (32.1M) | (29.9M) | (26.6M) | (27.4M) | (24.9M) | (23.4M) | (20M) | (22.2M) | (20.2M) | (18.7M) | (16.9M) | (13.9M) | (8.8M) | (7.1M) | (8.7M) | (10.5M) | |
145.9M | 129.2M | 121.7M | 114.7M | 99.9M | 88.6M | 113.7M | 79.5M | 93.6M | 97.9M | 94.2M | 83.7M | 81.1M | 71.9M | 58.8M | 46.5M | 51.5M | 48.2M | 43.1M | |
PRE-TAX INCOME | |||||||||||||||||||
(78.1M) | (74.5M) | (64.7M) | (58.2M) | (58.6M) | (53.4M) | (54M) | (52.2M) | (53.8M) | (51.9M) | (47.3M) | (53M) | (58M) | (57.3M) | (56.5M) | (46.8M) | (43.3M) | (43.7M) | (42.9M) | |
-73.8M | -65.5M | -62.5M | -58M | -58.3M | -53M | -53.3M | -52M | -53.3M | -51.9M | -47.2M | -52.8M | -57.9M | -57M | -53M | -43.2M | -43.1M | -42.6M | -37.7M | |
(82.8M) | (125.5M) | (119.5M) | (123.3M) | (116.3M) | (108.3M) | (93.7M) | -85K | (334K) | -368K | -97K | (441K) | -487K | -629K | (77.2M) | (37.6M) | (29.9M) | (31.1M) | (31.4M) | |
-73.8M | -55.5M | -56M | -58M | -62.5M | -53M | -52.7M | -52M | -53.3M | -51.7M | -39.9M | -52.1M | -57.9M | -56.9M | -44.5M | -38M | -41.4M | -17.7M | -44.9M | |
72.1M | 73.7M | 65.7M | 56.7M | 37.3M | 35.6M | 60.2M | 27.2M | 40.1M | 45.6M | 53.9M | 31.1M | 22.6M | 13.9M | 14.2M | 4.4M | 48.4M | 30.5M | -1.8M | |
NET INCOME | |||||||||||||||||||
(770K) | (886K) | (1M) | (850K) | (738K) | -9K | (819K) | (327K) | (214K) | (566K) | (295K) | (460K) | (645K) | (1M) | (67.8M) | (42M) | (45M) | (55.3M) | (0.0) | |
71.4M | 72.8M | 64.7M | 55.9M | 36.6M | 35.6M | 60.2M | 27.2M | 40.1M | 45.6M | 53.9M | 31.1M | 22.6M | 51.6M | 2.9M | 4.4M | 6.4M | -7M | -2.5M |
AAT - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 03, 2026 | June 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | June 01, 2026 | June 01, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 11, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 01, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 28, 2026 | April 28, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 10, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | April 01, 2026 | April 01, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 06, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 03, 2026 | February 03, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 14, 2025 | November 13, 2025 | 2025 |
Continue your AAT research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.