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American Assets Trust AAT Retail — Operating Income (Loss)

Other segment segments

Office
$35.34M+0.4%
Multifamily
$10.03M+4.7%
Mixed-use
$5.22M-1.8%

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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 us-gaap:OperatingIncomeLoss.

The source filing: American Assets Trust’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 2:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001500217-26-000032
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Rental expenses3,6144,186
Real estate taxes3,3873,229
Property expense7,0017,415
Segment profit16,34317,233
Total Multifamily
Property revenue18,19616,831
Rental expenses5,9465,349
Real estate taxes2,2221,908

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is American Assets Trust's retail — operating income (loss)?
American Assets Trust (AAT) reported retail — operating income (loss) of $16.34M in Q1 2026.
How has American Assets Trust's retail — operating income (loss) changed year-over-year?
American Assets Trust's retail — operating income (loss) decreased by 5.2% year-over-year, from $17.23M to $16.34M.
What is the long-term trend for American Assets Trust's retail — operating income (loss)?
Over 4 years (2021 to 2025), American Assets Trust's retail — operating income (loss) has grown at a 0.6% compound annual growth rate (CAGR), from $66.68M to $68.34M.
What does retail — operating income (loss) mean?
The profit or loss generated by the retail segment after deducting property-level operating expenses from total property revenues. It is a key measure of the segment's operational profitability and contribution to the company's bottom line.

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