American Assets Trust, Inc.

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.

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.

American Assets Trust, Inc. announced it will release its second quarter 2026 earnings after the market closes on Tuesday, July 28, 2026. Following the release, senior management will host a conference call to discuss the results on Wednesday, July 29, 2026, at 8:00 a.m. Pacific Time. Investors can access the call via dial-in or a live webcast on the company's investor relations website.

American Assets Trust, Inc. announced that its senior management team will be meeting with investors and analysts on June 3, 2026. These meetings are being held in connection with the NAREIT REITweek Conference. The presentation materials being used for these discussions are accessible on the company's investor relations website.

American Assets Trust, Inc. entered into a Voting Support Agreement with the Rady Trust Group, a significant stockholder. Concurrently, the Board increased the Rady Trust Group's excepted holder limit from 19.9% to 21.9% of outstanding common stock. As a condition, the Rady Trust Group agreed to voting restrictions on shares exceeding 19.9%, requiring them to either abstain or vote proportionally with other stockholders in non-contested meetings, and in accordance with Board recommendations in contested meetings. The Board also decreased the general Aggregate Stock Ownership Limit and Common Stock Ownership Limit to 6.775%.

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.

American Assets Trust, Inc. reported Q1 2026 FFO per diluted share/unit of $0.51, a slight decrease from $0.52 in Q1 2025. Net income attributable to stockholders significantly decreased to $5.1 million from $42.5 million year-over-year, primarily due to a gain on real estate sale in the prior year. Same-store cash net operating income remained flat at $66.4 million. The company also extended the maturity dates for its Term Loan A and Unsecured Line of Credit to April 2030, enhancing financial flexibility.