American Assets Trust, Inc.
For the period ended Dec 31, 2025. Filed Feb 6, 2026.
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FY2025 · Filed Feb 6, 2026
AAT$21.69+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of F-
Consolidated Statements of Comprehensive Income
(In Thousands, Except Shares and Per Share Data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| REVENUE: | |||
| Rental income | $410,493 | $423,611 | $419,373 |
| Other property income | 25,711 | 34,244 | 21,791 |
| Total revenue | 436,204 | 457,855 | 441,164 |
| EXPENSES: | |||
| Rental expenses | 124,601 | 123,503 | 118,801 |
| Real estate taxes | 44,994 | 44,224 | 45,156 |
| General and administrative | 37,841 | 35,468 | 35,960 |
| Depreciation and amortization | 127,312 | 125,461 | 119,500 |
| Total operating expenses | 334,748 | 328,656 | 319,417 |
| Gain on sale of real estate | 44,476 | — | — |
| OPERATING INCOME | 145,932 | 129,199 | 121,747 |
| Interest expense, net | (78,120) | (74,527) | (64,706) |
| Other income, net | 3,558 | 18,147 | 7,649 |
| NET INCOME | 71,370 | 72,819 | 64,690 |
| Net income attributable to restricted shares | (852) | (787) | (761) |
| Net income attributable to unitholders in the Operating Partnership | (14,870) | (15,234) | (13,551) |
| NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS | $55,648 | $56,798 | $50,378 |
| EARNINGS PER COMMON SHARE, BASIC | |||
| Basic income attributable to common stockholders per share | $0.92 | $0.94 | $0.84 |
| Weighted average shares of common stock outstanding - basic | 60,555,010 | 60,333,055 | 60,158,976 |
| EARNINGS PER COMMON SHARE, DILUTED | |||
| Diluted income attributable to common stockholders per share | $0.92 | $0.94 | $0.84 |
| Weighted average shares of common stock outstanding - diluted | 76,736,547 | 76,514,592 | 76,340,513 |
| COMPREHENSIVE INCOME | |||
| Net income | $71,370 | $72,819 | $64,690 |
| Other comprehensive loss - unrealized loss on swap derivatives during the period | (3,205) | (2,748) | (1,827) |
| Other comprehensive loss - unrealized loss on treasury locks during the period | — | (1,345) | — |
| Reclassification of amortization of forward starting swap included in interest expense, net | (1,031) | (377) | (1,149) |
| Comprehensive income | 67,134 | 68,349 | 61,714 |
| Comprehensive income attributable to noncontrolling interest | (13,975) | (14,286) | (12,917) |
| Comprehensive income attributable to American Assets Trust, Inc. | $53,159 | $54,063 | $48,797 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.