American Assets Trust, Inc.
For the period ended Jun 30, 2025. Filed Aug 1, 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.
Jun 30, 2025 · Filed Aug 1, 2025
AAT$21.55-0.6%Stored close · as of Nov 10, 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)
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (unaudited) | ||
| ASSETS | ||
| Real estate, at cost | ||
| Operating real estate | $3,656,674 | $3,449,009 |
| Construction in progress | 68,067 | 176,868 |
| Held for development | 487 | 487 |
| 3,725,228 | 3,626,364 | |
| Accumulated depreciation | (1,090,834) | (1,038,878) |
| Real estate, net | 2,634,394 | 2,587,486 |
| Cash and cash equivalents | 143,736 | 425,659 |
| Accounts receivable, net | 6,491 | 6,905 |
| Deferred rent receivables, net | 86,357 | 88,059 |
| Other assets, net | 84,698 | 87,737 |
| Real estate assets held for sale | — | 77,519 |
| TOTAL ASSETS | $2,955,676 | $3,273,365 |
| LIABILITIES AND CAPITAL | ||
| LIABILITIES: | ||
| Secured notes payable, net | $74,804 | $74,759 |
| Unsecured notes payable, net | 1,611,829 | 1,935,756 |
| Accounts payable and accrued expenses | 66,606 | 63,693 |
| Security deposits payable | 9,206 | 8,896 |
| Other liabilities and deferred credits, net | 59,386 | 62,588 |
| Liabilities related to real estate assets held for sale | — | 3,352 |
| Total liabilities | 1,821,831 | 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 June 30, 2025 and December 31, 2024, respectively | (51,560) | (53,385) |
| General partner's capital, 61,152,542 and 61,138,238 units issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | 1,181,316 | 1,171,141 |
| Accumulated other comprehensive income | 4,089 | 6,565 |
| Total capital | 1,133,845 | 1,124,321 |
| TOTAL LIABILITIES AND CAPITAL | $2,955,676 | $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.