American Assets Trust (AAT) Operating Income (2010 - 2025)
American Assets Trust (AAT) posted Operating Income of $23.2 million for Q4 2025, down 6.27% on a QoQ basis from $24.8 million in Q3 2025, and down 22.74% year-over-year from $30.0 million in Q4 2024.
American Assets Trust (AAT) Operating Income (2010 - 2025) Analysis & Trends
American Assets Trust's Operating Income history runs 16 years deep, the most recent figure standing at $23.2 million for Q4 2025.
- Quarterly Operating Income fell 22.74% year-over-year to $23.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $145.9 million (up 12.95% YoY) and the FY2025 annual result came in at $145.9 million, up 12.95% from the prior year.
- Operating Income was $23.2 million for Q4 2025 at American Assets Trust, down from $24.8 million in the prior quarter.
- Across five years, Operating Income topped out at $72.0 million in Q1 2025 and bottomed at $20.1 million in Q1 2021.
- A 5-year average of $30.6 million and a median of $28.9 million in 2022 frame the typical range for Operating Income.
- Peak annual rise in Operating Income reached 135.6% in 2025, while the deepest fall reached 34.49% in 2025.
- American Assets Trust's Operating Income stood at $25.7 million in 2021, then grew by 5.28% to $27.1 million in 2022, then advanced by 8.59% to $29.4 million in 2023, then advanced by 2.21% to $30.0 million in 2024, then dropped by 22.74% to $23.2 million in 2025.
- Business Quant data shows AAT's Operating Income at $23.2 million in Q4 2025, $24.8 million in Q3 2025, and $26.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn | 996.08 Mn |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | 179.72 Mn |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | - |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | 23.22 Mn |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | 25.55 Mn |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | 29.46 Mn |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | - |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | 60.92 Mn |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 10.29 Mn |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 23.22 Mn |
| Sep 30, 2025 | 24.77 Mn |
| Jun 30, 2025 | 25.98 Mn |
| Mar 31, 2025 | 71.97 Mn |
| Dec 31, 2024 | 30.05 Mn |
| Sep 30, 2024 | 37.81 Mn |
| Jun 30, 2024 | 30.79 Mn |
| Mar 31, 2024 | 30.55 Mn |
| Dec 31, 2023 | 29.40 Mn |
| Sep 30, 2023 | 31.14 Mn |
| Jun 30, 2023 | 31.49 Mn |
| Mar 31, 2023 | 29.72 Mn |
| Dec 31, 2022 | 27.07 Mn |
| Sep 30, 2022 | 31.00 Mn |
| Jun 30, 2022 | 28.32 Mn |
| Mar 31, 2022 | 28.34 Mn |
| Dec 31, 2021 | 25.72 Mn |
| Sep 30, 2021 | 27.67 Mn |
| Jun 30, 2021 | 26.42 Mn |
| Mar 31, 2021 | 20.06 Mn |