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American Assets Trust AAT Retail — Property Expenses

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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-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 aat:PropertyExpenses.

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 retail — property expenses?
American Assets Trust (AAT) reported retail — property expenses of $7M in Q1 2026.
How has American Assets Trust's retail — property expenses changed year-over-year?
American Assets Trust's retail — property expenses decreased by 5.6% year-over-year, from $7.42M to $7M.
What is the long-term trend for American Assets Trust's retail — property expenses?
Over 4 years (2021 to 2025), American Assets Trust's retail — property expenses has grown at a -1.1% compound annual growth rate (CAGR), from $27.98M to $26.78M.
What does retail — property expenses mean?
The aggregate of all operating costs required to maintain and manage retail properties, including maintenance, utilities, and taxes. This metric is used to assess the overall cost structure and profitability of the retail segment.