American Assets Trust Inc
For the period ended Mar 31, 2025. Filed May 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 2025
AAT$21.69+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of
Consolidated Balance Sheets
(In Thousands, Except Unit Data)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (unaudited) | ||
| ASSETS | ||
| Real estate, at cost | ||
| Operating real estate | $3,521,083 | $3,449,009 |
| Construction in progress | 185,202 | 176,868 |
| Held for development | 487 | 487 |
| 3,706,772 | 3,626,364 | |
| Accumulated depreciation | (1,064,424) | (1,038,878) |
| Real estate, net | 2,642,348 | 2,587,486 |
| Cash and cash equivalents | 143,915 | 425,659 |
| Accounts receivable, net | 7,104 | 6,905 |
| Deferred rent receivables, net | 87,170 | 88,059 |
| Other assets, net | 87,251 | 87,737 |
| Real estate assets held for sale | — | 77,519 |
| TOTAL ASSETS | $2,967,788 | $3,273,365 |
| LIABILITIES AND CAPITAL | ||
| LIABILITIES: | ||
| Secured notes payable, net | $74,782 | $74,759 |
| Unsecured notes payable, net | 1,611,299 | 1,935,756 |
| Accounts payable and accrued expenses | 57,763 | 63,693 |
| Security deposits payable | 8,913 | 8,896 |
| Other liabilities and deferred credits, net | 62,671 | 62,588 |
| Liabilities related to real estate assets held for sale | — | 3,352 |
| Total liabilities | 1,815,428 | 2,149,044 |
| Commitments and contingencies (Note 12) | ||
| CAPITAL: | ||
| Limited partners' capital, 16,181,537 and 16,181,537 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | (47,518) | (53,385) |
| General partner's capital, 61,134,730 and 61,138,238 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 1,194,763 | 1,171,141 |
| Accumulated other comprehensive income | 5,115 | 6,565 |
| Total capital | 1,152,360 | 1,124,321 |
| TOTAL LIABILITIES AND CAPITAL | $2,967,788 | $3,273,365 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.