American Assets Trust, Inc. Reports Third Quarter 2026 Financial Results

SAN DIEGO, Oct. 27, 2026 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “company”) today reported financial results for its third quarter ended September 30, 2026.

Third Quarter Highlights * Net income available to common stockholders of $7.7 million and $18.0 million for the three and nine months ended September 30, 2026, respectively, or $0.13 and $0.30 per diluted share, respectively. * Funds From Operations (“FFO”) of $0.56 and $1.57 per diluted share for the three and nine months ended September 30, 2026, respectively, compared to $0.49 and $1.53 per diluted share for the same periods in 2025. * Same-store cash Net Operating Income (“NOI”) increased 8.3% and 2.3% for the three and nine months ended September 30, 2026, respectively, compared to the same periods in 2025. * Increased 2026 FFO per diluted share guidance to a range of $2.04 to $2.10 with a midpoint of $2.07, a $0.04 increase over prior guidance. * Achieved record average rental rates across our retail and multifamily segments during the third quarter. * Leased 124,000 of office square feet, of which approximately 47,000 is comparable, at an average straight-line basis and cash-basis contractual rent increase of 8.2% and 2.1%, respectively, during the third quarter. * Leased 108,000 of retail square feet, of which approximately 94,000 is comparable, at an average straight-line basis and cash-basis contractual rent increase of 16.8% and 7.4%, respectively, during the third quarter. Financial Results