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American Assets Trust AAT Multifamily — Real estate taxes

Other segment segments

Office
$5.27M+9.2%
Retail
$3.39M+4.9%
Mixed-use
$1.07M+2.2%

Similar metrics at other companies

Centerspace logo
CSRMultifamily — Real estate taxes
$7.14M+6.1%
JBG SMITH Properties logo
JBGSMulti Family Segments — Real Estate Tax Expense At Our Share
$6.31M+13.2%
Douglas Emmett logo
DEIMultifamily rental — Operating Expenses
$16.56M0.0%
BFS
BFSMixed-Use Properties — Real estate taxes
$3.34M+6.5%
UDR logo
UDRSame Communities — Real Estate Tax Expense
$51.07M+1.9%
BFS
BFSProperty taxes
$8.46M+6.0%

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-8.2%
Enterprise value$1.4B-7.0%
P/E75.4×+55.0×
P/S3.4×-0.2×

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:RealEstateTaxExpense.

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 — real estate taxes?
American Assets Trust (AAT) reported multifamily — real estate taxes of $2.22M in Q1 2026.
How has American Assets Trust's multifamily — real estate taxes changed year-over-year?
American Assets Trust's multifamily — real estate taxes increased by 16.5% year-over-year, from $1.91M to $2.22M.
What is the long-term trend for American Assets Trust's multifamily — real estate taxes?
Over 3 years (2022 to 2025), American Assets Trust's multifamily — real estate taxes has grown at a 4.6% compound annual growth rate (CAGR), from $7.1M to $8.14M.
What does multifamily — real estate taxes mean?
This reflects the property-related tax obligations specifically attributable to the multifamily segment's real estate holdings. It is a significant non-controllable operating expense that directly impacts the net operating income of the residential portfolio.