American Assets Trust, Inc. income statement
In fiscal 2025, American Assets Trust, Inc. reported revenue of $436m, down 4.7% on the year before, operating income of $146m (a 33.5% margin) and net income of $55.6m, or $0.92 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 113 | 118 | 203 | 235 | 255 | 260 | 276 | 295 | 315 | 331 | 367 | 345 | 376 | 423 | 441 | 458 | 436 | 444 |
| Gross profit | — | — | 126 | 149 | 165 | 169 | 178 | 187 | 198 | 209 | 235 | 223 | 246 | 270 | 277 | 290 | 267 | 271 |
| General and administrative | 7 | 9 | 14 | 16 | 17 | 19 | 20 | 18 | 21 | 23 | 25 | 27 | 30 | 32 | 36 | 35 | 38 | 37 |
| Operating income | 50 | 42 | 56 | 72 | 81 | 84 | 94 | 98 | 94 | 80 | 114 | 89 | 100 | 115 | 122 | 129 | 146 | 105 |
| Interest expense | 42 | 43 | 55 | 57 | 58 | 53 | 47 | 52 | 54 | 52 | 54 | 53 | 59 | — | — | — | — | — |
| Income tax | — | — | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | −0 | 1 | 1 | 1 | 1 | 1 | 0 |
| Net income | 5 | 2 | 3 | 35 | 15 | 22 | 39 | 33 | 29 | 20 | 46 | 28 | 28 | 44 | 50 | 57 | 56 | 21 |
| Diluted EPS | — | — | $0.08 | $0.90 | $0.38 | $0.51 | $0.86 | $0.72 | $0.62 | $0.42 | $0.84 | $0.46 | $0.47 | $0.72 | $0.84 | $0.94 | $0.92 | $0.28 |
| Diluted shares (average) | — | — | 54m | 57m | 58m | 60m | 62m | 63m | 64m | 64m | 71m | 76m | 76m | 76m | 76m | 77m | 77m | 77m |
| EBITDA | 78 | 77 | 112 | 134 | 148 | 150 | 158 | 169 | 177 | 187 | 210 | 197 | 216 | 238 | 241 | 255 | 273 | 235 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 113 | 109 | 108 | 110 | 110 | 111 | 109 | 114 |
| Gross profit | 70 | 67 | 68 | 66 | 65 | 67 | 68 | 71 |
| General and administrative | 9 | 9 | 9 | 10 | 10 | 9 | 9 | 9 |
| Operating income | 30 | 72 | 26 | 25 | 23 | 26 | 26 | 29 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 9 | 43 | 5 | 5 | 3 | 5 | 5 | 8 |
| Diluted EPS | $0.15 | $0.70 | $0.09 | $0.07 | $0.05 | $0.08 | $0.09 | $0.13 |
| EBITDA | 61 | 102 | 59 | 57 | 55 | 58 | 59 | 62 |
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