Every material Form 8-K American Assets Trust has filed with the SEC since February 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
American Assets Trust reported third-quarter 2026 results on October 27, 2026, with FFO of $0.56 per diluted share, up from $0.49 a year earlier, and net income to common stockholders of $0.13 per share, up from $0.07. The company raised its 2026 FFO per diluted share guidance to a range of $2.04 to $2.10, a $0.04 increase at the midpoint. Nine-month net income fell to $18.0 million from $52.5 million, mainly because of a 2025 gain on a property sale.
Q3 2026 FFO was $0.56 per diluted share, compared with $0.49 in Q3 2025.
Q3 2026 total revenue was $114.3 million, compared with $109.6 million in Q3 2025.
2026 FFO per diluted share guidance rose to $2.04 to $2.10 from $1.96 to $2.10, with a midpoint of $2.07.
Nine-month net income attributable to common stockholders was $18.0 million, compared with $52.5 million, mainly due to the 2025 gain on the Del Monte Center sale.
American Assets Trust reported second quarter 2026 results with total revenue up slightly from a year earlier, while FFO and net income were roughly flat to slightly lower. The company affirmed its full-year 2026 FFO guidance, which matters to shareholders as the main forward-looking measure in the release.
Q2 2026 total revenue was $109.5 million, compared with $107.9 million in Q2 2025; net income attributable to common stockholders was $5.2 million, or $0.09 per diluted share, versus $5.5 million, or $0.09, a year earlier.
FFO was $0.51 per diluted share in Q2 2026, compared with $0.52 in Q2 2025; six-month FFO was $1.02 per share versus $1.04.
Full-year 2026 FFO guidance was affirmed at $1.96 to $2.10 per diluted share, with a midpoint of $2.03.
Same-store cash NOI rose 0.3% in Q2 2026; the company cited a one-time reserve for receivables from an office tenant at Coastal Collection at Torrey Reserve.
American Assets Trust entered into a Voting Support Agreement with the Rady Trust and related parties on May 11, 2026. The board raised the Rady Trust Group's excepted ownership limit from 19.9% to 21.9% and cut the general ownership limits to 6.775%, with the Rady Trust Group required to restrict voting on shares above 19.9%.
Excepted holder limit for the Rady Trust Group raised from 19.9% to 21.9% of outstanding common stock
Aggregate and common stock ownership limits decreased to 6.775%, via a Maryland Certificate of Notice
Shares above 19.9% are subject to voting restrictions, including following board recommendations in contested meetings
The board stated the change aligns Ernest Rady's economic interests with those of all shareholders
American Assets Trust reported first-quarter 2026 results showing net income attributable to common stockholders of $5.1 million, or $0.08 per diluted share, down from $0.70 a year earlier, which included a $44.5 million gain on the sale of Del Monte Center. FFO was $0.51 per diluted share, versus $0.52, and the company affirmed its full-year 2026 FFO guidance of $1.96 to $2.10 per share.
Q1 2026 total revenue was $110.6 million, up from $108.6 million; same-store cash NOI was flat at $66.4 million.
Net income attributable to common stockholders decreased $47.4 million year over year, mainly due to the 2025 Del Monte Center gain and higher interest expense.
On April 1, 2026, the credit facility was amended to a $600 million total capacity ($500 million revolver and $100 million term loan), with maturity extended to April 1, 2030.
The company declared a $0.340 per share dividend for Q2 2026, payable June 18, 2026 to holders of record as of June 4, 2026.
American Assets Trust and its operating partnership entered into a Fourth Amended and Restated Credit Agreement on April 1, 2026, providing up to $600 million of unsecured borrowings. The filing says the revolving line rose from $400 million to $500 million and both the revolver and the $100 million term loan now mature on April 1, 2030.
Unsecured borrowings of up to $600 million: a $500 million revolving line of credit and a $100 million term loan
Revolver increased from $400 million to $500 million; both facilities initially mature April 1, 2030
Floating-rate pricing tied to SOFR or base rate plus spreads based on the company's consolidated total leverage ratio; Bank of America, N.A. is administrative agent
American Assets Trust reported lower fourth-quarter and full-year 2025 results, with FFO per diluted share down from the prior year and total revenue lower as well. The company also introduced 2026 FFO guidance of $1.96 to $2.10 per diluted share, with a midpoint of $2.03, which is above its 2025 full-year FFO of $2.00.
Q4 2025 FFO was $0.47 per diluted share, versus $0.55 in Q4 2024; full-year 2025 FFO was $2.00, versus $2.58 in 2024
Q4 2025 net income attributable to common stockholders was $0.05 per diluted share, versus $0.15 a year earlier; full-year figure was $0.92, versus $0.94
Q4 2025 total revenue was $110.1 million, versus $113.5 million in Q4 2024
2026 FFO guidance range is $1.96 to $2.10 per diluted share; the company will discuss it on a conference call on February 4, 2026 at 8:00 a.m. PT
American Assets Trust reported third-quarter 2025 results showing lower year-over-year profit and FFO, with total revenue of $109.6 million versus $122.8 million a year earlier. The company raised its 2025 FFO per diluted share guidance to $1.93 to $2.01, a $0.02 increase at the midpoint, which may matter to shareholders because it signals management's updated outlook despite weaker quarterly results.
Q3 2025 net income attributable to stockholders was $4.5 million, or $0.07 per diluted share, versus $16.7 million, or $0.28, in Q3 2024.
Q3 2025 FFO was $0.49 per diluted share versus $0.71 a year earlier; excluding lease termination fees and litigation income, it was $0.48 versus $0.56.
2025 FFO per diluted share guidance rose to $1.93 to $2.01 (midpoint $1.97) from $1.89 to $2.01.
The board declared a $0.340 per share dividend for Q4 2025, payable December 18, 2025 to holders of record as of December 4, 2025.
American Assets Trust reported second-quarter 2025 results that showed lower per-share funds from operations (FFO) and net income than a year earlier, while the company raised the low end of its 2025 FFO guidance. The guidance change is modest, but the quarterly decline in core per-share earnings is the main point for shareholders to weigh.
Q2 2025 FFO per diluted share, excluding lease termination fees and litigation income, was $0.51, down from $0.60 in Q2 2024
Q2 2025 net income available to common stockholders was $5.5 million, or $0.09 per diluted share, versus $11.9 million in Q2 2024
2025 FFO per diluted share guidance raised to $1.89 to $2.01 from $1.87 to $2.01, a midpoint of $1.95, about 1% higher
Same-store cash net operating income fell 0.3% in Q2 2025 year over year, while six-month same-store cash NOI rose 1.4%
American Assets Trust reported first-quarter 2025 net income attributable to common stockholders of $42.5 million, or $0.70 per diluted share, up from $19.3 million, or $0.32, a year earlier. The increase was driven mainly by a $44.5 million gain on the sale of Del Monte Center, while FFO per diluted share excluding lease termination fees and litigation income fell 10% to $0.52, and the company affirmed its full-year 2025 FFO guidance.
Net income attributable to common stockholders was $42.5 million, or $0.70 per diluted share, versus $19.3 million, or $0.32, in the first quarter of 2024, mainly due to a $44.5 million gain on the sale of Del Monte Center.
FFO per diluted share excluding lease termination fees and litigation income was $0.52, down 10% from $0.58 a year earlier, which excluded $10.0 million of litigation income.
The company affirmed its 2025 FFO per diluted share guidance range of $1.87 to $2.01, with a midpoint of $1.94.
At March 31, 2025, liquidity was $543.9 million, including $143.9 million of cash and cash equivalents.
American Assets Trust reported fourth-quarter 2024 net income attributable to stockholders of $9.0 million, or $0.15 per diluted share, down from $10.5 million a year earlier, and FFO of $0.55 per diluted share, down 4%. For the full year, net income rose to $56.8 million ($0.94 per share) and FFO rose 8% to $2.58 per share, and the company introduced 2025 FFO guidance of $1.87 to $2.01 per diluted share. The results point in mixed directions for shareholders: quarterly earnings weakened while full-year results improved and a 2025 outlook was set.
Q4 2024 net income attributable to stockholders was $9.0 million ($0.15 per diluted share), versus $10.5 million ($0.17 per diluted share) in Q4 2023.
Full-year 2024 FFO per diluted share was $2.58, up 8%; excluding lease termination fees and litigation income, it was $2.30 versus $2.31 in 2023.
2025 FFO per diluted share guidance is $1.87 to $2.01, with a midpoint of $1.94; it excludes future acquisitions, dispositions, equity issuances or repurchases, and debt financing or repayments.
On February 3, 2025, the company repaid in full the $100 million outstanding balance on its Series C Notes; the earnings call is set for February 5, 2025 at 8:00 a.m. PT.
American Assets Trust entered restated employment agreements with Chairman and CEO Ernest Rady and President and COO Adam Wyll, effective January 1, 2025. Under the transition, Rady moves to Executive Chairman and Wyll becomes President and Chief Executive Officer, with both reporting to the Board. The filing also sets Wyll's pay, a one-time equity award and expanded severance terms, which shareholders may watch as part of the leadership change.
Adam Wyll succeeds Ernest Rady as President and CEO effective January 1, 2025; Rady becomes Executive Chairman on the same date.
Wyll's annual base salary is $750,000 and his target bonus is 127% of base salary, starting in 2025; Rady's base salary is $600,000.
Wyll receives a one-time equity award of $1,600,000 in company common stock, vesting in substantially equal annual installments over three years.
If Wyll is terminated without cause or resigns for good reason, he receives a lump sum of two times salary plus average bonus, and 100% accelerated vesting if within twelve months after a change in control.
American Assets Trust reported third-quarter 2024 results, with FFO per diluted share of $0.71, up 20% from a year earlier, and net income attributable to stockholders of $16.7 million, or $0.28 per diluted share. The company raised its 2024 FFO per diluted share guidance to $2.51 to $2.55, a 1% increase at the midpoint, which is a direct benefit to shareholders if the company meets it.
Q3 2024 FFO per diluted share was $0.71, up from $0.59 in Q3 2023; nine-month FFO per diluted share was $2.03, up 10%.
Q3 2024 net income attributable to stockholders was $16.7 million ($0.28 per diluted share), versus $11.8 million ($0.20) a year earlier.
2024 FFO per diluted share guidance was raised to $2.51 to $2.55 from $2.48 to $2.54.
Q3 same-store cash NOI rose 15.8%, aided by a lease termination fee at Torrey Reserve Campus; excluding that fee, office same-store cash NOI was (3.7)%.
American Assets Trust, L.P., the operating partnership of American Assets Trust, Inc., sold $525 million in aggregate principal amount of 6.150% Senior Notes due 2034 on September 17, 2024. The parent company guarantees the notes under an indenture dated January 26, 2021.
Principal amount: $525,000,000 of 6.150% Senior Notes due 2034, issued and sold September 17, 2024
Terms governed by an indenture dated January 26, 2021 with U.S. Bank Trust Company, National Association, as trustee, and an officers' certificate dated September 17, 2024
American Assets Trust, Inc. acts as guarantor of the notes
American Assets Trust reported second-quarter 2024 FFO per diluted share of $0.60, up 2% year over year, and raised its full-year 2024 FFO per diluted share guidance to $2.48 to $2.54 from $2.24 to $2.34. The company also said Chairman and CEO Ernest Rady will become Executive Chairman and President Adam Wyll will become CEO, both effective January 1, 2025, with the guidance increase partly attributable to an $11 million lease termination fee to be recognized in the third quarter.
Q2 2024 FFO per diluted share was $0.60, up from $0.59 a year earlier; six-month FFO per diluted share was $1.32, up 6%.
Q2 2024 net income attributable to common stockholders was $11.9 million, or $0.20 per diluted share, compared with $12.0 million, or $0.20, a year earlier.
2024 FFO per diluted share guidance raised to $2.48 to $2.54, a 9.6% increase at midpoint; partly attributable to an $11 million lease termination fee recognized in Q3 2024.
Ernest Rady transitions from CEO to Executive Chairman and Adam Wyll becomes CEO, both effective January 1, 2025.
American Assets Trust reported first-quarter 2024 net income attributable to common stockholders of $19.3 million, or $0.32 per diluted share, up from $16.1 million, or $0.27, a year earlier. The company also raised its 2024 FFO per diluted share guidance to $2.24 to $2.34, which the filing says is a 1% increase at the midpoint. Shareholders should note that first-quarter net income was helped by a $10 million settlement payment.
Q1 2024 FFO per diluted share was $0.71, up 8% from $0.66 a year earlier.
Same-store cash NOI rose 1.5% to $66.8 million; excluding a $0.5 million construction in progress write-off, it rose 2.3%.
2024 FFO guidance was raised to $2.24 to $2.34 per share, from $2.19 to $2.33 previously, with a midpoint of $2.29.
Total revenue was $110.7 million for the quarter, compared with $107.8 million a year earlier.
American Assets Trust reported fourth-quarter and full-year 2023 results, with revenue, net income and FFO per diluted share all higher than in 2022. Full-year total revenue was $441.2 million versus $422.6 million, and FFO per diluted share rose 3% to $2.40. The company introduced 2024 FFO per diluted share guidance of $2.19 to $2.33, a midpoint of $2.26, and the filing does not compare this with any prior guidance.
Q4 2023 net income to common stockholders was $10.5 million, or $0.17 per diluted share, versus $9.6 million, or $0.16, in Q4 2022.
Full-year 2023 FFO per diluted share was $2.40, up 3% from $2.34; Q4 FFO per diluted share was $0.57, up 2% from $0.56.
2024 FFO per diluted share guidance is $2.19 to $2.33, with a midpoint of $2.26.
A first-quarter 2024 dividend of $0.335 per share is payable March 21, 2024 to holders of record on March 7, 2024.
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