10-Q quarterly report · filed May 1, 2026

American Assets Trust, Inc. (AAT) Q1 2026 10-Q Quarterly Report

Short answer

American Assets Trust, Inc. (AAT) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $10M (up 2.1% year over year) with net income of $5M.

Q1 2026 key financials · XBRL

Revenue
$10M
+2.1% YoY
Net income
$5M
−87.9% YoY
Operating margin
255.3%
Gross margin
661.3%
EPS (diluted)
$0.08
−88.6% YoY

Source: XBRL data from the American Assets Trust, Inc. (AAT) Q1 2026 10-Q on SEC EDGAR. USD.

American Assets Trust, Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Total property revenue $110.6M, up $2.0M or 2% YoY from $108.6M
  • Net income $6.7M, down 88% YoY from $54.1M
  • Best segment multifamily rental revenue $17.0M, up 7% YoY; mixed-use leased 96.2% vs 89.3%
  • Worst segment retail rental revenue $23.1M, down 6% YoY from $24.4M
  • Development and redevelopment capitalized costs $7.7M vs $2.0M YoY; property improvements $14.3M vs $12.3M

Risk Factors

  • No risk-factors section provided in submitted excerpt
  • Newly amended credit agreement dated April 1, 2026, creating potential financing-term changes
  • No disclosed defaults upon senior securities during the quarter
  • No disclosed securities-trading arrangements adopted or terminated by officers or directors

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

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