American Assets Trust, Inc. Reports Second Quarter 2026 Financial Results
American Assets Trust reported Q2 2026 FFO of $0.51 per share, a slight decrease from $0.52 in the prior year, while net income remained flat at $0.09 per share. Same-store cash NOI increased 0.3% for the quarter, and the company achieved record average rental rates across its office, retail, and multifamily segments. Leasing activity remained robust, with the company signing 110,000 square feet of office space and 139,000 square feet of retail space, generating cash-basis rent increases of 9.1% and 3.0%, respectively. Liquidity stood strong at $609.7 million, bolstered by an amended credit facility that expanded total capacity to $600 million.
Key figures
- Eps
- 0.09
- Revenue
- 109483000
- Guidance
- $1.96 to $2.10 per share
- Ffo q2
- 0.51
- Ffo ytd
- 1.02
- Liquidity
- 609700000
- Same store noi q2
- 0.3%
- Dividend per share
- 0.34
AI analysis
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