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American Assets Trust AAT Amortization of above and below Market Leases

Amortization of above and below Market Leases at other companies

Easterly Government Properties logo
Easterly Government PropertiesDEA
-$435K+16.0%
Healthpeak Properties logo
Healthpeak PropertiesDOC
-$6.6M+35.4%
Stag Industrial logo
Stag IndustrialSTAG
-$509K+12.8%
Safehold logo
SafeholdSAFE
$465K-19.6%
Urban Edge Properties logo
Urban Edge PropertiesUE
-$2.64M+1.7%
Tidewater logo
TidewaterTDW
-$300K+76.0%

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:AmortizationOfAboveAndBelowMarketLeases.

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 amortization of above and below market leases?
American Assets Trust (AAT) reported amortization of above and below market leases of $400K in Q1 2026.
How has American Assets Trust's amortization of above and below market leases changed year-over-year?
American Assets Trust's amortization of above and below market leases decreased by 33.3% year-over-year, from $600K to $400K.
What is the long-term trend for American Assets Trust's amortization of above and below market leases?
Over 4 years (2021 to 2025), American Assets Trust's amortization of above and below market leases has grown at a -8.2% compound annual growth rate (CAGR), from $3.1M to $2.2M.
What does amortization of above and below market leases mean?
The periodic non-cash adjustment to rental income resulting from the amortization of intangible assets or liabilities created when acquired leases are at rates different from current market rents. This reflects the impact of historical acquisition pricing on current revenue streams.