American Assets Trust, Inc. (AAT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 110.59M | 110.09M | 109.58M | 107.93M | 108.61M | 113.46M | 122.81M | 110.89M | 110.69M | 112.49M | 111.2M | 109.72M | 107.75M | 106M | 111.02M | 104.16M | 101.47M | 101.75M | 98.29M | 91.81M |
| Revenue Growth % | 1.83% | -2.97% | -10.77% | -2.67% | -1.89% | 0.86% | 10.44% | 1.07% | 2.73% | 6.12% | 0.16% | 5.34% | 6.19% | 4.18% | 12.96% | 13.45% | 20.82% | 25.08% | 16.49% | 11.81% |
| Property Operating Expenses | 43.67M | 44.67M | 43.3M | 40.32M | 41.3M | 43.89M | 42.41M | 40.35M | 41.09M | 43.71M | 41.31M | 39.8M | 39.14M | 39.8M | 39.91M | 37.14M | 35.57M | 36.25M | 33.11M | 30.82M |
| Net Operating Income (NOI) | 66.93M | 65.42M | 66.28M | 67.61M | 67.3M | 69.57M | 80.41M | 70.54M | 69.61M | 68.78M | 69.89M | 69.92M | 68.62M | 66.2M | 71.11M | 67.02M | 65.9M | 65.5M | 65.18M | 60.99M |
| NOI Margin % | 60.52% | 59.42% | 60.49% | 62.64% | 61.97% | 61.32% | 65.47% | 63.61% | 62.88% | 61.14% | 62.85% | 63.73% | 63.68% | 62.45% | 64.05% | 64.34% | 64.94% | 64.37% | 66.31% | 66.43% |
| Operating Expenses | 41.09M | 42.2M | 41.51M | 41.63M | -4.67M | 39.52M | 42.6M | 39.75M | 39.06M | 39.38M | 38.75M | 38.43M | 38.9M | 39.12M | 40.1M | 38.7M | 37.55M | 39.78M | 37.51M | 34.57M |
| G&A Expenses | 8.78M | 10.18M | 9.5M | 8.85M | 9.31M | 8.82M | 9.07M | 8.74M | 8.84M | 9.47M | 9.37M | 8.61M | 9M | 9.01M | 8.38M | 7.61M | 7.14M | 9.3M | 6.83M | 6.92M |
| EBITDA | 58.14M | 55.24M | 56.78M | 58.76M | 102.47M | 60.75M | 71.34M | 61.8M | 60.77M | 59.31M | 61.01M | 61.31M | 59.62M | 57.18M | 62.73M | 59.4M | 58.75M | 56.19M | 58.35M | 54.07M |
| EBITDA Margin % | 52.57% | 50.18% | 51.82% | 54.44% | 94.35% | 53.55% | 58.09% | 55.74% | 54.89% | 52.72% | 54.86% | 55.88% | 55.33% | 53.95% | 56.5% | 57.03% | 57.9% | 55.23% | 59.37% | 58.89% |
| Depreciation & Amortization | 32.31M | 32.02M | 32.01M | 32.78M | 30.49M | 30.7M | 33.53M | 31.01M | 30.22M | 29.91M | 29.87M | 29.82M | 29.9M | 30.11M | 31.73M | 31.09M | 30.41M | 30.48M | 30.68M | 27.65M |
| D&A / Revenue % | 29.22% | 29.09% | 29.22% | 30.37% | 28.08% | 27.06% | 27.3% | 27.97% | 27.3% | 26.59% | 26.86% | 27.18% | 27.75% | 28.41% | 28.58% | 29.85% | 29.97% | 29.96% | 31.22% | 30.11% |
| Operating Income | 25.83M | 23.21M | 24.77M | 25.98M | 71.97M | 30.05M | 37.81M | 30.79M | 30.55M | 29.4M | 31.14M | 31.49M | 29.72M | 27.07M | 31M | 28.32M | 28.34M | 25.71M | 27.67M | 26.42M |
| Operating Margin % | 23.36% | 21.09% | 22.6% | 24.07% | 66.27% | 26.48% | 30.79% | 27.77% | 27.6% | 26.13% | 28% | 28.7% | 27.58% | 25.54% | 27.92% | 27.19% | 27.93% | 25.27% | 28.15% | 28.78% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.34x | 1.22x | 1.31x | 1.37x | 3.90x | 1.50x | 2.18x | 1.95x | 2.53x | 1.89x | 1.95x | 1.95x | 2.33x | 1.91x | 2.13x | 1.95x | 1.93x | 1.72x | 1.88x | 1.78x |
| Non-Operating Income | -614K | -868K | -1.08M | -1.04M | -1.33M | -5.48M | -1.97M | -990K | -10.59M | -1.42M | -614K | -460K | -6.95M | -748K | 180K | -21K | -36K | -48K | 52K | -100K |
| Pretax Income | 5.13M | 4.3M | 6.08M | 7.24M | 54.52M | 11.77M | 21.55M | 15.49M | 24.88M | 13.49M | 15.43M | 15.58M | 20.94M | 12.41M | 16.37M | 13.79M | 13.71M | 10.77M | 13.04M | 11.66M |
| Pretax Margin % | 4.64% | 3.91% | 5.55% | 6.71% | 50.2% | 10.38% | 17.55% | 13.97% | 22.48% | 11.99% | 13.87% | 14.2% | 19.43% | 11.7% | 14.74% | 13.24% | 13.51% | 10.58% | 13.27% | 12.7% |
| Income Tax | 0 | 79K | 156K | 118K | 417K | 190K | 235K | 201K | 260K | 0 | 293K | 187K | 270K | 0 | 0 | 202K | 198K | 287K | 150K | 174K |
| Effective Tax Rate % | 0% | 1.84% | 2.57% | 1.63% | 0.76% | 1.61% | 1.09% | 1.3% | 1.04% | 0% | 1.9% | 1.2% | 1.29% | 0% | 0% | 1.46% | 1.44% | 2.67% | 1.15% | 1.49% |
| Net Income | 5.13M | 4.22M | 5.92M | 7.12M | 54.11M | 11.58M | 21.32M | 15.29M | 24.62M | 13.49M | 15.13M | 15.4M | 20.67M | 12.41M | 16.37M | 13.59M | 13.51M | 10.48M | 12.89M | 11.49M |
| Net Margin % | 4.64% | 3.83% | 5.4% | 6.6% | 49.82% | 10.21% | 17.36% | 13.79% | 22.24% | 11.99% | 13.61% | 14.03% | 19.18% | 11.7% | 14.74% | 13.05% | 13.32% | 10.3% | 13.12% | 12.51% |
| Net Income Growth % | -90.51% | -63.56% | -72.23% | -53.44% | 119.74% | -14.15% | 40.85% | -0.67% | 19.15% | 8.75% | -7.54% | 13.31% | 52.92% | 18.4% | 26.94% | 18.29% | 679.8% | 176.61% | 98.69% | 16.9% |
| Funds From Operations (FFO) | 37.45M | 36.24M | 37.94M | 39.9M | 84.6M | 42.29M | 54.85M | 46.3M | 54.84M | 43.4M | 45M | 45.22M | 50.57M | 42.52M | 48.1M | 44.67M | 43.93M | 40.96M | 43.58M | 39.13M |
| FFO Margin % | 33.86% | 32.92% | 34.62% | 36.97% | 77.9% | 37.27% | 44.66% | 41.76% | 49.54% | 38.58% | 40.47% | 41.21% | 46.93% | 40.11% | 43.32% | 42.89% | 43.29% | 40.25% | 44.33% | 42.62% |
| FFO Growth % | -55.74% | -14.29% | -30.83% | -13.83% | 54.27% | -2.56% | 21.87% | 2.4% | 8.45% | 2.08% | -6.43% | 1.22% | 15.12% | 3.81% | 10.38% | 14.16% | 50.26% | 31.23% | 30.45% | 7.75% |
| FFO per Share | 0.49 | 0.47 | 0.49 | 0.52 | 1.10 | 0.55 | 0.91 | 0.77 | 0.72 | 0.72 | 0.59 | 0.59 | 0.66 | 0.56 | 0.63 | 0.59 | 0.58 | 0.54 | 0.57 | 0.51 |
| FFO Payout Ratio % | 70.44% | 57.6% | 54.81% | 52.11% | 31.07% | 61.25% | 47.08% | 44.06% | 37.2% | 46.3% | 56.39% | 44.51% | 50.18% | 57.88% | 51.04% | 43.36% | 44.09% | 44.34% | 41.63% | 54.85% |
| EPS (Diluted) | 0.08 | 0.05 | 0.07 | 0.09 | 0.70 | 0.15 | 0.28 | 0.20 | 0.32 | 0.17 | 0.15 | 0.16 | 0.15 | -0.03 | 0.02 | 0.18 | 0.18 | 0.14 | 0.17 | 0.15 |
| EPS Growth % | -88.57% | -65.4% | -75% | -55% | 118.75% | -11.76% | 86.67% | 25% | 113.33% | 672.39% | 557.89% | -11.11% | -16.67% | -121.21% | -86.59% | 20% | 689.47% | 181.12% | 99.3% | 15.38% |
| EPS (Basic) | 0.08 | 0.05 | 0.07 | 0.09 | 0.70 | 0.15 | 0.28 | 0.20 | 0.32 | 0.17 | 0.20 | 0.20 | 0.19 | -0.04 | 0.02 | 0.18 | 0.18 | 0.17 | 0.21 | 0.19 |
| Diluted Shares Outstanding | 76.88M | 76.78M | 76.73M | 76.72M | 76.72M | 76.57M | 60.32M | 60.31M | 76.49M | 60.19M | 76.33M | 76.33M | 76.33M | 76.25M | 76.23M | 76.22M | 76.22M | 76.18M | 76.17M | 76.17M |