American Assets Trust, Inc. (AAT) Form 8-K — Oct 27, 2026
American Assets Trust reported Q3 2026 results with net income of $7.7 million ($0.13 per diluted share) and FFO of $0.56 per diluted share, up from $0.49 a year ago. Same-store cash NOI rose 8.3% year-over-year and the company achieved record average rental rates across its retail and multifamily segments. Management raised full-year 2026 FFO guidance to $2.04-$2.10 per diluted share, a $0.04 increase at the midpoint from the prior $1.96-$2.10 range. The company also declared a Q4 dividend of $0.34 per share payable December 17, 2026.
Key figures
- Eps
- $0.13 (Q3 2026 diluted)
- Revenue
- $114.3 million (Q3 2026 total revenue)
- Guidance
- 2026 FFO per diluted share raised to $2.04-$2.10 (midpoint $2.07), up $0.04 from prior range of $1.96-$2.10
- Net Income
- $7.7 million attributable to common stockholders (Q3 2026)
- Total Debt
- $1.700 billion
- Revenue Yoy
- +4.3% vs $109.6 million in Q3 2025
- Total Assets
- $2.87 billion
- Cash Position
- $89.6 million
- Liquidity
- $589.6 million ($89.6M cash + $500.0M line of credit availability)
- Office leased pct
- 85.8%
- Retail leased pct
- 98.3%
- Q4 dividend declared
- $0.34 per share payable December 17, 2026
- Multifamily leased pct
- 94.2%
- Net debt to ebitda ttm
- 6.9x
- Ffo per diluted share 9m
- $1.57 vs $1.53 year-ago
- Ffo per diluted share q3
- $0.56 vs $0.49 year-ago
- Same store cash noi growth 9m
- 2.3%
- Same store cash noi growth q3
- 8.3%
AI analysis
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