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American Assets Trust, Inc. balance sheet

At the end of fiscal 2025, American Assets Trust, Inc. had total assets of $2.92bn, total liabilities of $1.83bn and shareholders' equity of $1.15bn. It held $129m in cash against $1.70bn of debt: net debt of $1.57bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents24421134249594045834899137140508342612990
Total assets—1,1171,7091,8281,8321,9421,9741,9872,2602,1982,7902,8173,0182,9882,9853,2732,9212,866
Long-term debt——9431,0459521,0701,0341,0471,3301,2331,3621,3111,6611,6251,7002,0251,700—
Total debt08679431,0459521,0701,0341,0471,3301,2331,3621,3111,6611,6251,7002,0251,7001,689
Total liabilities—9621,0301,1421,1461,1751,1451,1481,4161,3961,4971,5641,8081,8021,8312,1491,8301,828
Shareholders' equity1711556266386497358008108348031,3141,2711,2391,2211,1981,1761,1511,110
Non-controlling interests and other (assets − liabilities − equity)——544738———————————−60−72
Net debt (negative = net cash)−248258311,0029031,0119941,0021,2471,1851,2631,1741,5211,5751,6171,5991,5711,599
Shares outstanding——————————60m—————61m—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from American Assets Trust, Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to American Assets Trust, Inc.