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American Assets Trust AAT Provision for lease losses

Provision for lease losses at other companies

American Assets Trust logo
American Assets TrustAAT
$318K+3,280%
FCF
FirstCash HoldingsFCFS
$29.74M+7.9%
FCF
FirstCash HoldingsFCFS
$29.74M+7.9%
Customers Bancorp logo
Customers BancorpCUBI
$23.37M-17.4%
STB
S&T BancorpSTBA
$1.33M+144%
Welltower logo
WelltowerWELL
-$2.99M-304%

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:NetInvestmentInLeaseCreditLossExpenseReversal.

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 provision for lease losses?
American Assets Trust (AAT) reported provision for lease losses of $318K in Q1 2026.
How has American Assets Trust's provision for lease losses changed year-over-year?
American Assets Trust's provision for lease losses increased by 3280.0% year-over-year, from -$10K to $318K.
What is the long-term trend for American Assets Trust's provision for lease losses?
Over 3 years (2021 to 2025), American Assets Trust's provision for lease losses has grown at a -38.2% compound annual growth rate (CAGR), from -$2.29M to $540K.
What does provision for lease losses mean?
Represents the provision for uncollectible rental income, reflecting the estimated credit losses on lease receivables. This metric indicates the company's exposure to tenant default risk and the overall health of the tenant base. A rising provision suggests deteriorating credit quality among the company's lessees.