Quarterly ResultMay 1, 2026, 02:41 PM
American Assets Trust Q1 Net Income $5.13M; EPS $0.08
AI Summary
American Assets Trust reported a significant decrease in net income and basic earnings per share for Q1 2026, primarily due to the absence of a substantial gain on the sale of real estate that occurred in the prior year's quarter. While total revenue saw a modest increase, operating income declined sharply. The company continues its practice of combining quarterly reports for American Assets Trust, Inc. and its Operating Partnership to provide a consolidated view of its real estate investment trust operations.
Key Highlights
- Net Income Attributable to Stockholders: $5.13 million in Q1 2026, down from $42.54 million in Q1 2025.
- Basic Earnings Per Share: $0.08 in Q1 2026, a decrease from $0.70 in Q1 2025.
- Total Revenue: Increased to $110.59 million in Q1 2026 from $108.61 million in Q1 2025.
- Operating Income: Decreased to $25.83 million in Q1 2026 from $71.97 million in Q1 2025.
- No Gain on Sale of Real Estate in Q1 2026, compared to $44.48 million in Q1 2025.
- Dividends Declared Per Common Share: Maintained at $0.340 for Q1 2026.
- Cash and Cash Equivalents: $118.34 million as of March 31, 2026.
- Total Assets: $2.90 billion as of March 31, 2026.
Price Impact
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