# American Assets Trust, Inc.: overview

AAT · NYSE · CIK 1500217 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/aat.md) · [Financials](/companies/aat/financials.md) · [Filings](/companies/aat/filings.md) · [Insiders](/companies/aat/insiders.md)

Latest reported revenue: [$10.1m](/filings/0001500217-26-000032.md) for Q1 FY2026, three months to 2026-03-31, from the 10-Q filed May 1, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001500217-26-000032).

## Last eight quarters

| Line item | Unit | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [10.6](/filings/0001500217-25-000058.md) | [11.4](/filings/0001500217-25-000066.md) | [113](/filings/0001500217-26-000008.md) | [9.9](/filings/0001500217-26-000032.md) | [10.2](/filings/0001500217-25-000058.md) | [10.1](/filings/0001500217-25-000066.md) | [110](/filings/0001500217-26-000008.md) | [10.1](/filings/0001500217-26-000032.md) |
| Gross margin | % | [663.1%](/filings/0001500217-25-000058.md) | [702.5%](/filings/0001500217-25-000066.md) | [61.3% d](/filings/0001500217-26-000008.md) | [679.3%](/filings/0001500217-26-000032.md) | [659.7%](/filings/0001500217-25-000058.md) | [655.6%](/filings/0001500217-25-000066.md) | [59.4% d](/filings/0001500217-26-000008.md) | [661.3%](/filings/0001500217-26-000032.md) |
| Operating margin | % | [289.4%](/filings/0001500217-26-000008.md) | [330.3%](/filings/0001500217-26-000008.md) | [26.5%](/filings/0001500217-26-000008.md) | [726.4%](/filings/0001500217-26-000032.md) | [253.5%](/filings/0001500217-26-000008.md) | [245.0%](/filings/0001500217-26-000008.md) | [21.1%](/filings/0001500217-26-000008.md) | [255.3%](/filings/0001500217-26-000032.md) |
| Net margin | % | [111.9%](/filings/0001500217-26-000008.md) | [145.5%](/filings/0001500217-26-000008.md) | [7.9%](/filings/0001500217-26-000008.md) | [429.3%](/filings/0001500217-26-000008.md) | [53.2%](/filings/0001500217-26-000008.md) | [44.6%](/filings/0001500217-26-000008.md) | [2.9%](/filings/0001500217-26-000008.md) | [66.6%](/filings/0001500217-26-000032.md) |
| Diluted EPS | $ per share | [0.20](/filings/0001500217-26-000008.md) | [0.28](/filings/0001500217-26-000008.md) | [0.15](/filings/0001500217-26-000008.md) | [0.70](/filings/0001500217-26-000032.md) | [0.09](/filings/0001500217-26-000008.md) | [0.07](/filings/0001500217-26-000008.md) | [0.05](/filings/0001500217-26-000008.md) | [0.08](/filings/0001500217-26-000032.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues; Net income: us-gaap:ProfitLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [24.9](/filings/0001500217-24-000008.md) | [38.1](/filings/0001500217-25-000007.md) | [42.9](/filings/0001500217-26-000008.md) | [43.0](/filings/0001500217-26-000008.md) | [39.9](/filings/0001500217-26-000008.md) |
| Gross margin | % | [986.8%](/filings/0001500217-24-000008.md) | [708.9%](/filings/0001500217-25-000007.md) | [646.5%](/filings/0001500217-26-000008.md) | [674.2%](/filings/0001500217-26-000008.md) | [668.0%](/filings/0001500217-26-000008.md) |
| Operating margin | % | [400.5%](/filings/0001500217-24-000008.md) | [301.0%](/filings/0001500217-25-000007.md) | [283.9%](/filings/0001500217-26-000008.md) | [300.3%](/filings/0001500217-26-000008.md) | [365.6%](/filings/0001500217-26-000008.md) |
| Net margin | % | [146.8%](/filings/0001500217-24-000008.md) | [146.6%](/filings/0001500217-25-000007.md) | [150.9%](/filings/0001500217-26-000008.md) | [169.2%](/filings/0001500217-26-000008.md) | [178.8%](/filings/0001500217-26-000008.md) |
| Diluted EPS | $ per share | [0.47](/filings/0001500217-24-000008.md) | [0.72](/filings/0001500217-25-000007.md) | [0.84](/filings/0001500217-26-000008.md) | [0.94](/filings/0001500217-26-000008.md) | [0.92](/filings/0001500217-26-000008.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/aat/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $226.2m | 9,162,398 |  | Reduced −290,044 |
| [AMERICAN ASSETS INC](/funds/885118.md) | 2026-06-30 | $182.1m | 7,374,599 |  | Unchanged |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $135.1m | 5,472,335 |  | Added +75,375 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $69.1m | 2,797,915 |  | Reduced −46,415 |
| [Senvest Management, LLC](/funds/1328785.md) | 2026-06-30 | $65.5m | 2,651,358 |  | Reduced −925,696 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $50.7m | 2,052,700 |  | Reduced −65,974 |
| [American Assets Investment Management, LLC](/funds/1389256.md) | 2026-06-30 | $36.5m | 1,477,340 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $34.4m | 1,394,216 |  | Added +57,645 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $31.6m | 1,279,982 |  | Added +18,598 |
| [AMERIPRISE FINANCIAL INC](/funds/820027.md) | 2026-06-30 | $25.7m | 1,049,224 |  | Added +96,642 |

## Recent filings

[All 851 filings](/companies/aat/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 15:25 ET | [10-Q](/filings/0001500217-26-000052.md) | Quarterly report, period 2026-09-30 | 0001500217-26-000052 |
| 2026-10-27 | 16:16 ET | [8-K](/filings/0001500217-26-000049.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001500217-26-000049 |
| 2026-08-26 | 18:48 ET | [SCHEDULE 13D/A](/filings/0001221359-26-000051.md) | Ownership report, active investor, amended | 0001221359-26-000051 |
| 2026-07-31 | 15:38 ET | [10-Q](/filings/0001500217-26-000046.md) | Quarterly report, period 2026-06-30 | 0001500217-26-000046 |
| 2026-07-28 | 16:17 ET | [8-K](/filings/0001500217-26-000043.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001500217-26-000043 |
| 2026-06-03 | 08:00 ET | [8-K](/filings/0001500217-26-000040.md) | 7.01 Regulation FD disclosure | 0001500217-26-000040 |
| 2026-06-01 | 16:15 ET | [8-K](/filings/0001500217-26-000038.md) | 5.07 Shareholder vote results | 0001500217-26-000038 |
| 2026-05-27 | 16:47 ET | [SCHEDULE 13D/A](/filings/0001221359-26-000025.md) | Ownership report, active investor, amended | 0001221359-26-000025 |
| 2026-05-11 | 08:26 ET | [8-K](/filings/0001500217-26-000035.md) | 1.01 Entry into a material agreement; 3.03 Change to security holders’ rights; 9.01 Financial statements and exhibits | 0001500217-26-000035 |
| 2026-05-01 | 14:31 ET | [10-Q](/filings/0001500217-26-000032.md) | Quarterly report, period 2026-03-31 | 0001500217-26-000032 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001500217-26-000008.md), filed Feb 6, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1500217
- Tickers: AAT
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 15:26 ET. No prices; not investment advice.