American Assets Trust (AAT) Operating Expenses (2010 - 2026)
American Assets Trust (AAT) posted quarterly Operating Expenses of $83.2 million for Q2 2026, up 1.5% year-over-year from $82.0 million in Q2 2025, and down 4.24% on a QoQ basis from $86.9 million in Q4 2025.
American Assets Trust (AAT) Operating Expenses (2010 - 2026) Analysis & Trends
American Assets Trust has reported Operating Expenses for 17 years, with the latest figure at $83.2 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $83.2 million, up 1.5% year-over-year; the trailing twelve-month figure through Jun 2026 was $336.8 million (up 1.61% YoY), and the FY2025 annual result was $334.7 million, up 1.85% from the prior year.
- Operating Expenses declined to $83.2 million in Q2 2026, from $86.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $86.9 million in Q4 2025 and troughed at $73.1 million in Q1 2022.
- A 5-year average of $80.8 million and a median of $80.1 million in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses gained 15.99%; it then decreased 0.22% in 2025.
- A 5-year view of Operating Expenses shows it stood at $78.9 million in 2022, then grew by 5.28% to $83.1 million in 2023, then advanced by 0.39% to $83.4 million in 2024, then grew by 4.15% to $86.9 million in 2025, then dropped by 4.24% to $83.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $83.2 million in Q2 2026, $86.9 million in Q4 2025, and $84.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.98 Bn | 28.54 Bn | 1.05 Bn | 315.61 Mn |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 Mn | 297.54 Mn |
| 3 | Broadstone Net Lease | 4.02 Bn | 4.01 Bn | - | 70.36 Mn |
| 4 | Global Net Lease | 1.92 Bn | 1.76 Bn | - | 80.99 Mn |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | 83.18 Mn |
| 6 | Safehold | 1.09 Bn | -2.60 Bn | 113.88 Mn | 86.39 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | 85.94 Mn |
| 8 | Empire State Realty Trust | 823.55 Mn | 823.55 Mn | - | 335.61 Mn |
| 9 | CTO Realty Growth | 766.43 Mn | 766.43 Mn | 32.71 Mn | 32.69 Mn |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - | 125.52 Mn |
Historic Data
Download 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 |