American Assets Trust (AAT) Operating Expenses (2010 - 2026)
American Assets Trust's (AAT) quarterly Operating Expenses came in at $83.2 million in Q2 2026, up 1.5% on a YoY basis from $82.0 million in Q2 2025, and down 4.24% quarter-over-quarter from $86.9 million in Q4 2025.
Analysis
American Assets Trust (AAT) Operating Expenses (2010 - 2026) Analysis & Trends
American Assets Trust (AAT) has reported Operating Expenses for 17 consecutive years, with $83.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 1.5% year-over-year to $83.2 million; the trailing twelve-month figure through Jun 2026 stood at $336.8 million (up 1.61% YoY), and the FY2025 full-year result was $334.7 million, up 1.85% from the prior year.
- Operating Expenses declined to $83.2 million in Q2 2026 per AAT's latest filing, from $86.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $86.9 million in Q4 2025 and bottomed at $73.1 million in Q1 2022.
- Historically, Operating Expenses has averaged $80.8 million across 5 years, with a median of $80.1 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses increased 15.99% in 2022, then fell 0.22% in 2025.
- Over 5 years, Operating Expenses stood at $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, then fell by 4.24% to $83.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $83.2 million, $86.9 million, and $84.8 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield Property Partners | 15.45 Bn | 13.96 Bn | - | 2.15 Bn |
| 2 | Alexandria Real Estate Equities | 8.47 Bn | 7.37 Bn | - | 835.39 Mn |
| 3 | Cousins Properties | 4.59 Bn | 4.59 Bn | 183.86 Mn | 249.25 Mn |
| 4 | Kilroy Realty | 4.05 Bn | 4.05 Bn | 212.24 Mn | 207.02 Mn |
| 5 | Copt Defense Properties | 4.00 Bn | 4.00 Bn | 191.37 Mn | 134.16 Mn |
| 6 | Sl Green Realty | 3.65 Bn | 3.65 Bn | 263.98 Mn | 60.25 Mn |
| 7 | Highwoods Properties | 3.36 Bn | 3.01 Bn | - | 159.11 Mn |
| 8 | Douglas Emmett | 1.79 Bn | 1.43 Bn | 178.95 Mn | 206.20 Mn |
| 9 | Alexanders | 1.30 Bn | 1.00 Bn | - | 38.24 Mn |
| 10 | American Assets Trust | 1.30 Bn | 1.30 Bn | - | 83.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.18 Mn |
| 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 |