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
DateValue
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