American Assets Trust (AAT) Interest Expenses (2010 - 2023)
American Assets Trust (AAT) reported Interest Expenses of $16.3 million for Q3 2023, up 12.94% on a YoY basis from $14.5 million in Q3 2022, and little changed quarter-over-quarter from $16.4 million in Q2 2023.
American Assets Trust (AAT) Interest Expenses (2010 - 2023) Analysis & Trends
American Assets Trust has reported Interest Expenses for 14 years, with the latest figure at $16.3 million in Q3 2023.
- For the quarter ending Q3 2023, Interest Expenses rose 12.94% year-over-year to $16.3 million; the trailing twelve-month figure through Jun 2024 stood at $16.3 million (down 64.93% YoY), and the FY2021 full-year result was $58.6 million, up 9.63% from the prior year.
- Interest Expenses for Q3 2023 stood at $16.3 million, roughly flat from $16.4 million in the prior quarter.
- The five-year high for Interest Expenses was $16.4 million in Q2 2023, with the low at $13.1 million in Q2 2019.
- Historically, Interest Expenses has averaged $14.3 million across 5 years, with a median of $14.2 million in 2021.
- Annual changes were most pronounced in 2019 — Interest Expenses slipped 3.41% — and 2023, when it climbed 12.94%.
- American Assets Trust's Interest Expenses stood at $13.8 million in 2019, then declined by 3.34% to $13.3 million in 2020, then grew by 12.47% to $15.0 million in 2021, then retreated by 3.63% to $14.5 million in 2022, then grew by 12.94% to $16.3 million in 2023.
- The last three Interest Expenses figures came in at $16.3 million (Q3 2023), $16.4 million (Q2 2023), and $15.7 million (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.90 Bn | 29.42 Bn | 1.01 Bn | 209.36 Mn |
| 2 | Broadstone Net Lease | 4.01 Bn | 4.11 Bn | - | 25.26 Mn |
| 3 | American Assets Trust | 1.48 Bn | 1.42 Bn | - | - |
| 4 | Safehold | 1.14 Bn | 1.15 Bn | 109.54 Mn | 53.52 Mn |
| 5 | Empire State Realty Trust | 973.69 Mn | 1.70 Bn | - | 28.14 Mn |
| 6 | JBG SMITH Properties | 887.28 Mn | 1.38 Bn | - | 35.55 Mn |
| 7 | CTO Realty Growth | 676.07 Mn | 676.07 Mn | 31.01 Mn | - |
| 8 | Gladstone Commercial | 618.88 Mn | 788.92 Mn | - | 11.45 Mn |
| 9 | AH Realty Trust | 547.30 Mn | 729.64 Mn | - | 13.78 Mn |
| 10 | One Liberty Properties | 515.72 Mn | 495.45 Mn | - | 6.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 16.33 Mn |
| Sep 30, 2023 | 16.33 Mn |
| Jun 30, 2023 | 16.37 Mn |
| Jun 30, 2023 | 16.37 Mn |
| Mar 31, 2023 | 15.73 Mn |
| Mar 31, 2023 | 15.73 Mn |
| Sep 30, 2022 | 14.45 Mn |
| Sep 30, 2022 | 14.45 Mn |
| Jun 30, 2022 | 14.55 Mn |
| Jun 30, 2022 | 14.55 Mn |
| Mar 31, 2022 | 14.67 Mn |
| Mar 31, 2022 | 14.67 Mn |
| Dec 31, 2021 | 15.00 Mn |
| Dec 31, 2021 | 15.00 Mn |
| Sep 30, 2021 | 14.72 Mn |
| Sep 30, 2021 | 14.72 Mn |
| Jun 30, 2021 | 14.86 Mn |
| Jun 30, 2021 | 14.86 Mn |
| Mar 31, 2021 | 14.01 Mn |
| Mar 31, 2021 | 14.01 Mn |