10-Q quarterly report · filed Oct 31, 2025

American Assets Trust, Inc. (AAT) Q3 2025 10-Q Quarterly Report

Short answer

American Assets Trust, Inc. (AAT) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $10M (down 11.7% year over year) with net income of $5M.

Q3 2025 key financials · XBRL

Revenue
$10M
−11.7% YoY · −1.3% QoQ
Net income
$5M
−72.9% YoY · −17.4% QoQ
Operating margin
245.0%
Gross margin
655.6%
EPS (diluted)
$0.08
−70.4% YoY · −11.1% QoQ

Source: XBRL data from the American Assets Trust, Inc. (AAT) Q3 2025 10-Q on SEC EDGAR. USD.

American Assets Trust, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Impact of tariffs on tenants’ operations and leasing, triggered by recent trade policy changes affecting consumer goods and construction materials
  • Updated risk: Increased project costs and delays due to tariffs on construction materials, appliances, and fixtures affecting development activities
  • Regulatory risk: Prolonged federal government shutdown risks delayed GSA tenant lease payments and tenant financial viability reliant on federal funding
  • Market risk: Tenant financial weakness and reduced lease renewals tied to government shutdown and trade-related economic uncertainty
  • Financial risk: Potential impact on rent collections from government tenants and tenants dependent on federal contracts, affecting cash flow stability

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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