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American Assets Trust AAT Multifamily — Rental expenses

Other segment segments

Office
$11.75M+8.0%
Mixed-use
$10.41M+5.3%
Retail
$3.61M-13.7%

Similar metrics at other companies

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DEIMultifamily rental — Operating Expenses
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LENMultifamily — Cost and expenses
$90.43M+23.2%
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LENMultifamily — Total Costs & Expenses
$90.43M+23.2%
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CSRMultifamily — Administrative and marketing
$1.84M+36.0%
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CSRMultifamily — Repairs and maintenance
$2.99M+9.5%
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LENMultifamily — Ancillary costs and expenses
$90.43M+23.2%

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:CostOfOtherPropertyOperatingExpense.

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 — rental expenses?
American Assets Trust (AAT) reported multifamily — rental expenses of $5.95M in Q1 2026.
How has American Assets Trust's multifamily — rental expenses changed year-over-year?
American Assets Trust's multifamily — rental expenses increased by 11.2% year-over-year, from $5.35M to $5.95M.
What is the long-term trend for American Assets Trust's multifamily — rental expenses?
Over 3 years (2022 to 2025), American Assets Trust's multifamily — rental expenses has grown at a 7.5% compound annual growth rate (CAGR), from $19.15M to $23.81M.
What does multifamily — rental expenses mean?
This metric captures the direct operating costs associated with managing and maintaining multifamily rental properties, such as onsite staffing, repairs, and maintenance. Monitoring these expenses is critical for evaluating the operational efficiency of the residential segment.