American Assets Trust (AAT) Operating Expenses (2010 - 2025)
American Assets Trust (AAT) posted Operating Expenses of $86.9 million for Q4 2025, up 2.43% on a QoQ basis from $84.8 million in Q3 2025, and up 4.15% year-over-year from $83.4 million in Q4 2024.
American Assets Trust (AAT) Operating Expenses (2010 - 2025) Analysis & Trends
American Assets Trust's Operating Expenses history runs 16 years deep, the most recent figure standing at $86.9 million for Q4 2025.
- Quarterly Operating Expenses rose 4.15% year-over-year to $86.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $334.7 million (up 1.85% YoY) and the FY2025 annual result came in at $334.7 million, up 1.85% from the prior year.
- Operating Expenses was $86.9 million for Q4 2025 at American Assets Trust, up from $84.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $86.9 million in Q4 2025 and bottomed at $63.9 million in Q1 2021.
- A 5-year average of $78.3 million and a median of $80.0 million in 2022 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 17.09% in 2021, while the deepest fall reached 5.85% in 2021.
- American Assets Trust's Operating Expenses stood at $76.0 million in 2021, then gained by 3.81% to $78.9 million in 2022, then rose by 5.28% to $83.1 million in 2023, then grew by 0.39% to $83.4 million in 2024, then rose by 4.15% to $86.9 million in 2025.
- Business Quant data shows AAT's Operating Expenses at $86.9 million in Q4 2025, $84.8 million in Q3 2025, and $82.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn | 15.98 Mn |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | 255.10 Mn |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | 58.06 Mn |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | 86.87 Mn |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | 85.31 Mn |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | 160.87 Mn |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | 64.12 Mn |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | 135.70 Mn |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 30.88 Mn |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 Mn | - | 25.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 86.87 Mn |
| Sep 30, 2025 | 84.81 Mn |
| Jun 30, 2025 | 81.96 Mn |
| Mar 31, 2025 | 81.11 Mn |
| Dec 31, 2024 | 83.41 Mn |
| Sep 30, 2024 | 85.00 Mn |
| Jun 30, 2024 | 80.10 Mn |
| Mar 31, 2024 | 80.15 Mn |
| Dec 31, 2023 | 83.09 Mn |
| Sep 30, 2023 | 80.06 Mn |
| Jun 30, 2023 | 78.23 Mn |
| Mar 31, 2023 | 78.04 Mn |
| Dec 31, 2022 | 78.93 Mn |
| Sep 30, 2022 | 80.02 Mn |
| Jun 30, 2022 | 75.84 Mn |
| Mar 31, 2022 | 73.13 Mn |
| Dec 31, 2021 | 76.03 Mn |
| Sep 30, 2021 | 70.62 Mn |
| Jun 30, 2021 | 65.39 Mn |
| Mar 31, 2021 | 63.92 Mn |