American Assets Trust AAT Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Property revenue by Business | ||||||
| Mixed-use | $16.7M+2.8% | $16.41M-0.8% | $16.75M-5.5% | $16.68M-0.2% | $16.25M-2.6% | |
| Multifamily | $18.2M+8.1% | $17.3M+5.8% | $17.4M+6.6% | $17.43M+6.3% | $16.83M+3.3% | |
| Office | $52.36M+2.9% | $52.05M+0.6% | $52.29M-14.4% | $50.82M-1.0% | $50.88M-1.5% | |
| Retail | $23.34M-5.3% | $24.34M-15.6% | $23.13M-16.5% | $23.01M-13.1% | $24.65M-5.3% | |
| Operating Income (Loss) by Business | ||||||
| Mixed-use | $5.22M-1.8% | $5.55M+2.9% | $5.64M-9.7% | $5.62M-5.6% | $5.31M-9.5% | |
| Multifamily | $10.03M+4.7% | $8.8M-1.0% | $8.93M+1.4% | $9.7M+1.4% | $9.57M+2.7% | |
| Office | $35.34M+0.4% | $33.65M-3.7% | $35.1M-22.9% | $35.21M-3.2% | $35.18M-4.1% | |
| Retail | $16.34M-5.2% | $17.41M-14.4% | $16.61M-16.2% | $17.08M-8.4% | $17.23M-2.8% | |
| Net real estate by Business | ||||||
| Mixed-use | $154.93M-3.4% | $156.16M-3.0% | $157.48M-2.9% | $158.76M-2.9% | $160.32M-2.7% | |
| Multifamily | $404.32M-2.4% | $406.16M+15.7% | $408.4M+15.4% | $411.35M+15.4% | $414.33M+15.5% | |
| Office | $1.59B-0.4% | $1.59B-0.6% | $1.59B-0.9% | $1.59B-0.9% | $1.59B-0.9% | |
| Retail | $465.18M-1.9% | $469.73M-1.7% | $472.97M-14.7% | $472.67M-15.0% | $474.31M-15.1% | |
| Lease rental income by Business | ||||||
| Mixed-use | $3.37M+0.3% | $3.31M+8.8% | $3.33M+3.3% | $3.21M+2.8% | $3.36M+12.6% | |
| Multifamily | $16.91M+6.9% | $16.22M+6.0% | $16.24M+6.7% | $16.36M+6.9% | $15.82M+3.5% | |
| Office | $50.19M+2.7% | $49.99M0.0% | $49.09M+1.6% | $48.12M-2.5% | $48.86M-1.6% | |
| Retail | $22.7M-8.2% | $23.02M-13.3% | $22.31M-13.7% | $22.15M-12.3% | $24.74M-1.7% | |
| Real estate taxes by Business | ||||||
| Mixed-use | $1.07M+2.2% | $1.07M+2.2% | $1.07M+2.3% | $1.04M+5.9% | $1.04M+5.8% | |
| Multifamily | $2.22M+16.5% | $2.43M+36.2% | $1.98M+4.9% | $1.83M+8.4% | $1.91M+4.2% | |
| Office | $5.27M+9.2% | $5.26M+7.9% | $5.38M+19.6% | $5.21M+8.0% | $4.83M-0.6% | |
| Retail | $3.39M+4.9% | $3.06M-9.7% | $3.1M-14.1% | $2.57M-23.4% | $3.23M-9.6% | |
| Property Expenses by Business | ||||||
| Mixed-use | $11.48M+5.0% | $10.86M-2.5% | $11.11M-3.2% | $11.06M+2.8% | $10.93M+1.1% | |
| Multifamily | $8.17M+12.6% | $8.5M+13.9% | $8.47M+12.6% | $7.73M+13.2% | $7.26M+4.0% | |
| Office | $17.02M+8.4% | $18.39M+9.6% | $17.19M+10.8% | $15.61M+4.5% | $15.7M+4.7% | |
| Retail | $7M-5.6% | $6.92M-18.6% | $6.52M-17.3% | $5.92M-24.2% | $7.42M-10.7% | |
| Rental expenses by Business | ||||||
| Mixed-use | $10.41M+5.3% | $9.8M-3.0% | $10.04M-3.8% | $10.02M+2.5% | $9.89M+0.6% | |
| Multifamily | $5.95M+11.2% | $6.07M+6.9% | $6.49M+15.2% | $5.9M+14.8% | $5.35M+3.9% | |
| Office | $11.75M+8.0% | $13.13M+10.3% | $11.81M+7.3% | $10.4M+2.8% | $10.87M+7.3% | |
| Retail | $3.61M-13.7% | $3.86M-24.5% | $3.42M-20.0% | $3.36M-24.9% | $4.19M-11.5% | |
| Capital Expenditures by Business | ||||||
| Mixed-use | $403K-58.8% | $359K-35.9% | $438K+91.3% | $530K+44.8% | $979K+199% | |
| Multifamily | $2.04M+315% | $2.02M+46.8% | $1.11M-29.8% | $1.47M-0.5% | $491K-59.1% | |
| Office | $19.8M+38.4% | $14.16M-4.3% | $13.19M-34.9% | $19.86M+56.6% | $14.31M+59.3% | |
| Retail | $996K-31.3% | $4.36M+11.4% | $4.5M+5.5% | $1.2M-54.0% | $1.45M-47.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does American Assets Trust break its business down?
- American Assets Trust (AAT) reports property revenue by business across 4 parts — Mixed-use, Multifamily, Office and Retail. Each is extracted from the segment footnotes and tracked over time.
- Where does American Assets Trust's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in American Assets Trust's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
