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American Assets Trust AAT Multifamily — CapEx

Other segment segments

Office
$19.8M+38.4%
Retail
$996K-31.3%
Mixed-use
$403K-58.8%

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Other financials

Income statement

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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

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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

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

Valuation

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Market cap$1.5B+21.0%
Enterprise value$1.4B+25.4%
P/E75.4×+59.9×
P/S3.4×+0.7×

Profitability

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

Returns & leverage

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Return on equity1.7%-5.0pp
Debt / equity0.0×

Where this comes from

Reported directly by American Assets Trust in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The official record: American Assets Trust’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Assets Trust's multifamily — capex?
American Assets Trust (AAT) reported multifamily — capex of $2.04M in Q1 2026.
How has American Assets Trust's multifamily — capex changed year-over-year?
American Assets Trust's multifamily — capex increased by 315.5% year-over-year, from $491K to $2.04M.
What is the long-term trend for American Assets Trust's multifamily — capex?
Over 3 years (2022 to 2025), American Assets Trust's multifamily — capex has grown at a 1.4% compound annual growth rate (CAGR), from $4.89M to $5.09M.
What does multifamily — capex mean?
This captures the cash outflows for major improvements, renovations, or structural upgrades to existing multifamily properties. It is essential for maintaining asset quality and competitiveness within the residential market.