Quarterly ResultJul 28, 2026, 04:22 PM
American Assets Trust Q2 FFO $0.51/Share; Credit Facility Expanded
AI Summary
American Assets Trust reported Q2 2026 net income of $5.2 million, or $0.09 per diluted share, and FFO of $0.51 per diluted share, a slight decrease from $0.52 in Q2 2025. Same-store cash Net Operating Income (NOI) increased by 0.3% for the quarter. The company achieved record average rental rates across its office, retail, and multifamily segments and successfully amended and restated its credit facility, increasing borrowing capacity to $600 million and extending its maturity to April 1, 2030. Full-year 2026 FFO guidance was affirmed at $1.96 to $2.10 per share.
Key Highlights
- Q2 2026 Net income $5.2M, or $0.09 per diluted share
- Q2 2026 FFO $0.51 per diluted share, compared to $0.52 in Q2 2025
- Same-store cash NOI increased 0.3% for Q2 2026
- Office leasing spreads (cash basis) increased 9.1% in Q2 2026
- Retail leasing spreads (cash basis) increased 3.0% in Q2 2026
- Credit facility increased to $600M and extended to April 1, 2030
- Affirmed full-year 2026 FFO guidance of $1.96 to $2.10 per share
- Declared Q2 and Q3 2026 dividends of $0.34 per share
Price Impact
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