American Assets Trust Q1 EPS falls to $0.08 from $0.70; FFO $0.51 vs $0.52
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.