AAT
$20.75+0.63%
American Assets Trust Inc.Stock · Real EstateUS REITs · 0.06% of VNQRussell 2000 · 0.04% of IWMRussell 3000 · 0.002% of IWVUS Stock Market · 0.002% of VTI
AAT financial statements
The full income statement, balance sheet, and cash-flow statement for American Assets Trust Inc. (AAT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 60.9M2024-09 60.9M2024-12 61.1M2025-03 61.1M2025-06 61.2M2025-09 61.2M2025-12 61.4M2026-03 61.4M2026-06 61.4M+0.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 436M-4.7% | 458M+3.8% | 441M+4.4% | 423M+12.5% | 376M+9.1% | ||
| Lease income | 410M-3.1% | 424M+1.0% | 419M+4.2% | 403M+11.7% | 360M+9.1% | |
| Gross profit | 267M-8.1% | 290M+4.7% | 277M+2.6% | 270M+9.8% | 246M+10.1% | |
| — | — | — | — | 276M+7.8% | ||
| Selling, general & administrative | 37.8M+6.7% | 35.5M-1.4% | 36.0M+11.9% | 32.1M+7.6% | 29.9M+12.4% | |
| General & administrative | 37.8M+6.7% | 35.5M-1.4% | 36.0M+11.9% | 32.1M+7.6% | 29.9M+12.4% | |
| Selling & marketing | 2.55M-16.4% | 3.05M-12.4% | 3.48M+46.5% | 2.38M+33.7% | 1.78M-12.1% | |
| Amortization of intangibles | 3.05M+60.7% | 1.90M+3.1% | 1.84M-52.5% | 3.88M+13.2% | 3.43M+215.6% | |
| Provision for credit losses | 600K-60.0% | 1.50M+0.0% | 1.50M-34.8% | 2.30M+0.0% | 2.30M-87.5% | |
| Operating income | 146M+13.0% | 129M+6.1% | 122M+6.1% | 115M+14.9% | 99.9M+12.7% | |
| Interest expense | — | — | — | — | 58.6M+9.6% | |
| Other non-operating income | 3.56M-80.4% | 18.1M+137.2% | 7.65M+1323.8% | -625K-49.5% | -418K-193.5% | |
| Income tax | 770K-13.1% | 886K-14.9% | 1.04M+22.5% | 850K+15.2% | 738K+8300.0% | |
| 71.4M-2.0% | 72.8M+12.6% | 64.7M+15.8% | 55.9M+52.7% | 36.6M+32.3% | ||
| Income from continuing operations | 55.6M-2.0% | 56.8M+12.7% | 50.4M+15.8% | 43.5M+53.3% | 28.4M+2.6% | |
| Net income to common | 55.6M-2.0% | 56.8M+12.7% | 50.4M+15.8% | 43.5M+53.3% | 28.4M+2.6% | |
| $0.92-2.1% | $0.94+11.9% | $0.84+16.7% | $0.72+53.2% | $0.47+2.2% | ||
| EPS (basic) | $0.92-2.1% | $0.94+11.9% | $0.84+16.7% | $0.72+53.2% | $0.47+2.2% | |
| Weighted-avg shares (basic) | 60.6M+0.4% | 60.3M+0.3% | 60.2M+0.2% | 60.0M+0.1% | 60.0M+0.3% | |
| Weighted-avg shares (diluted) | 76.7M+0.3% | 76.5M+0.2% | 76.3M+0.1% | 76.2M+0.1% | 76.2M+0.1% | |
| Dividends per share | $1.36+1.5% | $1.34+1.5% | $1.32+3.1% | $1.28+10.3% | $1.16+16.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 129M-69.6% | 426M+413.5% | 82.9M+67.2% | 49.6M-64.5% | 140M+1.6% | |
| 2.92B-10.8% | 3.27B+9.7% | 2.98B-0.1% | 2.99B-1.0% | 3.02B+7.1% | ||
| Operating lease right-of-use | 17.2M-9.2% | 19.0M-11.7% | 21.5M-10.1% | 23.9M-8.9% | 26.3M-10.5% | |
| Intangible assets | 10.2M-27.3% | 14.0M-24.7% | 18.7M-21.0% | 23.6M-19.2% | 29.2M | |
| 1.83B-14.8% | 2.15B+17.4% | 1.83B+1.6% | 1.80B-0.3% | 1.81B+15.6% | ||
| Long-term debt | 1.70B-16.0% | 2.02B+19.1% | 1.70B+4.6% | 1.63B-2.2% | 1.66B+26.7% | |
| Operating lease liability (total) | 18.8M-9.0% | 20.6M-11.2% | 23.3M-9.4% | 25.7M-8.0% | 27.9M-7.1% | |
| 1.15B-2.1% | 1.18B-1.8% | 1.20B-1.9% | 1.22B-1.4% | 1.24B-2.6% | ||
| Common stock | 614K+0.5% | 611K+0.3% | 609K+0.3% | 607K+0.3% | 605K+0.0% | |
| Additional paid-in capital | 1.48B+0.3% | 1.47B+0.4% | 1.47B+0.5% | 1.46B+0.5% | 1.45B+0.5% | |
| Retained earnings | -331M-8.8% | -304M-8.6% | -280M-11.6% | -251M-15.3% | -218M-23.3% | |
| Accumulated other comprehensive income | 1.42M-70.2% | 4.76M-42.5% | 8.28M-22.0% | 10.6M+269.9% | 2.87M+63.8% | |
| Non-controlling interest | -59.6M-15.6% | -51.6M-16.7% | -44.2M-23.6% | -35.7M-23.9% | -28.8M-59.9% | |
| Total equity incl. non-controlling | 1.09B-2.9% | 1.12B-2.5% | 1.15B-2.7% | 1.19B-2.0% | 1.21B-3.5% | |
| Total liabilities & equity | 2.92B-10.8% | 3.27B+9.7% | 2.98B-0.1% | 2.99B-1.0% | 3.02B+7.1% | |
| Common shares issued | 61.4M+0.4% | 61.1M+0.4% | 60.9M+0.3% | 60.7M+0.3% | 60.5M+0.1% | |
| Common shares outstanding | 61.4M+0.4% | 61.1M+0.4% | 60.9M+0.3% | 60.7M+0.3% | 60.5M+0.1% | |
| Shares outstanding (cover) | 61.4M+0.4% | 61.1M+0.4% | 60.9M+0.3% | 60.7M+0.3% | 60.5M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 167M-19.3% | 207M+9.7% | 189M+5.4% | 179M+6.4% | 168M+32.6% | ||
| Depreciation & amortization | 127M+1.5% | 125M+5.0% | 120M-3.1% | 123M+6.0% | 116M+7.4% | |
| Intangible amortization | 3.05M+60.7% | 1.90M+3.1% | 1.84M-52.5% | 3.88M+13.2% | 3.43M+215.6% | |
| Share-based compensation | 7.40M+4.0% | 7.11M-19.6% | 8.84M+1.7% | 8.69M+2.3% | 8.49M+34.7% | |
| Change in receivables | -726K-140.6% | 1.79M+105.4% | 870K+115.3% | 404K+117.8% | -2.27M-146.0% | |
| -30.5M+60.6% | -77.4M+13.9% | -89.9M+46.0% | -166M+46.7% | -312M-352.1% | ||
| Capital expenditure | 72.3M+2.9% | 70.2M-15.4% | 83.0M-27.1% | 114M+8.8% | 105M+64.7% | |
| Free cash flow | 94.9M-30.7% | 137M+29.4% | 106M+62.0% | 65.3M+2.4% | 63.7M+0.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -433M-303.2% | 213M+425.1% | -65.5M+36.2% | -103M-171.1% | 144M+610.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 495M | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 105M+1.8% | 103M+1.8% | 102M+3.4% | 98.2M+10.5% | 88.9M+16.2% | |
| Net change in cash | -296M-186.4% | 343M+928.8% | 33.3M+137.0% | -90.0M-19037.5% | 475K-98.4% | |
| Interest paid | 79.3M+23.1% | 64.4M+3.9% | 62.0M+10.6% | 56.1M+10.0% | 51.0M-4.7% | |
| Income taxes paid | 934K-25.1% | 1.25M-12.6% | 1.43M+65.0% | 865K+143.0% | 356K-57.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.16B-27.6% | 1.61B+17.5% | 1.37B-14.8% | 1.60B-29.4% | 2.27B+30.1% | |
| P/E | 16.3×-26.1% | 22.0×+2.6% | 21.5×-27.7% | 29.7×-52.1% | 62.1×-1.7% | |
| P/S | 2.7×-24.0% | 3.5×+11.5% | 3.1×-18.0% | 3.8×-36.6% | 6.0×+19.2% | |
| P/B | 1.0×-26.0% | 1.4×+20.8% | 1.1×-13.3% | 1.3×-28.9% | 1.8×+33.5% | |
| P/FCF | 12.3×+4.5% | 11.7×-15.6% | 13.9×-62.4% | 36.9×+3.6% | 35.6×+29.6% | |
| Earnings yield | 6.1%+35.4% | 4.5%-2.5% | 4.7%+38.3% | 3.4%+108.8% | 1.6%+1.7% | |
| FCF yield | 8.2%-4.3% | 8.5%+18.5% | 7.2%+165.7% | 2.7%-3.4% | 2.8%-22.8% | |
| Dividend yield | 7.2%+40.8% | 5.1%-13.0% | 5.9%+21.4% | 4.8%+56.3% | 3.1%-10.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AAT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AAT filings on SEC EDGAR → Not investment advice.