Quarterly ResultJul 28, 2026, 04:18 PM
American Assets Trust Q2 FFO $0.51/Share; Same-Store NOI +0.3%
AI Summary
American Assets Trust reported mixed financial results for Q2 2026. Net income available to common stockholders was $5.2 million, or $0.09 per diluted share, while FFO was $0.51 per diluted share, a slight decrease from $0.52 in Q2 2025. Same-store cash Net Operating Income saw a modest increase of 0.3% for the quarter. The company achieved strong leasing spreads, with office comparable cash-basis rent increasing 9.1% and retail increasing 3.0%. Additionally, American Assets Trust amended its credit facility, increasing borrowing capacity to $600 million and extending the maturity date to April 1, 2030, enhancing its liquidity position. The company reaffirmed its full-year 2026 FFO guidance.
Key Highlights
- Net income available to common stockholders was $5.2 million ($0.09 per diluted share) for Q2 2026.
- FFO was $0.51 per diluted share for Q2 2026, compared to $0.52 for Q2 2025.
- Same-store cash Net Operating Income (NOI) increased 0.3% for Q2 2026.
- Office comparable cash-basis contractual rent increased 9.1% in Q2 2026.
- Retail comparable cash-basis contractual rent increased 3.0% in Q2 2026.
- Credit facility amended to increase borrowing capacity to $600 million and extend maturity to April 1, 2030.
- Liquidity stood at $609.7 million as of June 30, 2026.
- Affirmed full-year 2026 FFO guidance range of $1.96 to $2.10 per diluted share.
Price Impact
More from AAT