American Assets Trust, Inc.
For the period ended Sep 30, 2025. Filed Oct 31, 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.
Sep 30, 2025 · Filed Oct 31, 2025
AAT$21.69+0.7%Stored close · as of Nov 9, 2026
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Table of Contents
AMERICAN ASSETS TRUST, INC. AND AMERICAN ASSETS TRUST, L.P.
QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED SEPTEMBER 30, 2025
| PART 1. FINANCIAL INFORMATION | |||
|---|---|---|---|
| Item 1. | Financial Statements | ||
| Consolidated Financial Statements of American Assets Trust, Inc.: | |||
| Consolidated Balance Sheets as of September 30, 2025 (unaudited) and December 31, 2024 | 1 | ||
| Consolidated Statements of Comprehensive Income (unaudited) for the three and nine months ended September 30, 2025 and 2024 | 2 | ||
| Consolidated Statement of Equity (unaudited) for the three and nine months ended September 30, 2025 and 2024 | 3 | ||
| Consolidated Statements of Cash Flows (unaudited) for the nine months ended September 30, 2025 and 2024 | 5 | ||
| Consolidated Financial Statements of American Assets Trust, L.P.: | |||
| Consolidated Balance Sheets as of September 30, 2025 (unaudited) and December 31, 2024 | 6 | ||
| Consolidated Statements of Comprehensive Income (unaudited) for the three and nine months ended September 30, 2025 and 2024 | 7 | ||
| Consolidated Statement of Partners' Capital (unaudited) for the three and nine months ended September 30, 2025 and 2024 | 8 | ||
| Consolidated Statements of Cash Flows (unaudited) for the nine months ended September 30, 2025 and 2024 | 10 | ||
| Notes to Consolidated Financial Statements (unaudited) | 11 | ||
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 33 | |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 52 | |
| Item 4. | Controls and Procedures | 53 | |
| PART II. OTHER INFORMATION | |||
| Item 1. | Legal Proceedings | 54 | |
| Item 1A. | Risk Factors | 54 | |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 55 | |
| Item 3. | Defaults Upon Senior Securities | 56 | |
| Item 4. | Mine Safety Disclosures | 56 | |
| Item 5. | Other Information | 56 | |
| Item 6. | Exhibits | 56 | |
| SIGNATURES | 57 | ||
PART 1 - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
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