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American Assets Trust AAT Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$110.6MBeat by $816.5K
EPS$0.51In line
Revenue estimate$109.8M
EPS estimate$0.51

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$111.8M
EPS estimate$0.10

Financials

Q1 2026

Income statement

See full
Revenue$110.6M+1.8%
Gross profit$66.9M-0.6%
Operating income$25.8M-64.1%
Net income$6.7M-84.2%
EPS (diluted)$0.08-88.6%

Balance sheet

See full
Cash & equivalents$118.3M-17.8%
Total debt$18.0M-9.6%
Total equity$1.1B-5.2%
Total assets$2.9B-2.3%

Cash flow

See full
Operating cash flow$38.6M+4.7%
CapEx$20.4M+24.3%
Free cash flow$18.2M-11.1%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$1.13B-8.2%
Enterprise value$1.03B-7.0%
P/E56.9×+41.6×
P/S2.6×-0.1×

Profitability

See full
Gross margin60.8%-2.4pp
Operating margin22.8%-14.7pp
Net margin4.5%-13.0pp
FCF margin21.1%-3.8pp

Returns & leverage

See full
Return on equity1.7%-5.0pp
Debt / equity0×0.0×

Segments

By segment

See full
Office$52.4M+2.9%
Retail$23.3M-5.3%
Multifamily$18.2M+8.1%
Mixed-use$16.7M+2.8%

Versus estimates

Revenue

Q2 2026$109.5MMiss by $1.2M
Q1 2026$110.6MBeat by $816.5K
Q4 2025$110.1MBeat by $1.4MQ3 2025$109.6MBeat by $2.7MQ2 2025$107.9MMiss by $1.5MQ1 2025$108.6MMiss by $3.4M

Diluted EPS

Q2 2026$0.09Miss by $0.01
Q1 2026$0.51In line
Q4 2025$0.47Miss by $0.01Q3 2025$0.49In lineQ2 2025$0.52Beat by $0.03Q1 2025$0.52Beat by $0.07

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Questions, answered.

When did American Assets Trust report Q1 2026 earnings?
American Assets Trust (AAT) reported Q1 2026 earnings on April 28, 2026 after market close.
What were American Assets Trust's Q1 2026 revenue and EPS?
American Assets Trust reported revenue of $110.6M and eps of $0.51 for Q1 2026.
Did American Assets Trust beat estimates in Q1 2026?
Revenue beat the consensus estimate of $109.8M by $816.5K. EPS beat the consensus estimate of $0.51 by $0.00.
How did American Assets Trust's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.8% from $108.6M a year earlier and eps declined 1.9% from $0.52.
Where can I find American Assets Trust's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001500217-26-000029) and the 10-Q periodic report (0001500217-26-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.