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American Assets Trust AAT Office — Property Expenses

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Other financials

Income statement

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Revenue$109.5M+1.4%
Gross profit$66.9M-0.6%
Operating income$26.3M+1.2%
Net income$5.2M-5.2%
EPS (diluted)$0.090.0%

Balance sheet

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Cash & equivalents$109.7M-23.7%
Total debt$1.7B+8,723%
Total equity$1.1B-5.2%
Total assets$2.9B-2.1%

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$1.38B+18.2%
P/E70.7×+54.8×
P/S3.1×+0.6×

Profitability

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Gross margin60.8%-2.4pp
Operating margin22.8%-13.9pp
Net margin4.5%-11.8pp
FCF margin21.1%-3.8pp

Returns & leverage

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Return on equity1.7%-4.5pp
Debt / equity1.5×+1.5×

Where this comes from

Reported directly by American Assets Trust in its filing.

Tagged under the XBRL concept aat:PropertyExpenses.

The source filing: American Assets Trust’s 8-K, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:17 PM EDT
Accession
0001500217-26-000043

FAQ

What is American Assets Trust's office — property expenses?
American Assets Trust (AAT) reported office — property expenses of $15.25M in Q2 2026.
How has American Assets Trust's office — property expenses changed year-over-year?
American Assets Trust's office — property expenses decreased by 2.3% year-over-year, from $15.61M to $15.25M.
What is the long-term trend for American Assets Trust's office — property expenses?
Over 4 years (2021 to 2025), American Assets Trust's office — property expenses has grown at a 7.4% compound annual growth rate (CAGR), from $50.23M to $66.9M.
What does office — property expenses mean?
This is the aggregate of all operating costs required to run the office segment, including maintenance, taxes, insurance, and utilities. It provides a comprehensive view of the cost structure required to sustain office property operations. Investors use this to calculate the net operating margin of the segment.

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