American Assets Trust (AAT) Operating Income (2010 - 2025)
American Assets Trust (AAT) reported Operating Income of $23.2 million for Q4 2025, down 22.74% on a YoY basis from $30.0 million in Q4 2024, and down 6.27% quarter-over-quarter from $24.8 million in Q3 2025.
American Assets Trust (AAT) Operating Income (2010 - 2025) Analysis & Trends
American Assets Trust has reported Operating Income for 16 years, with the latest figure at $23.2 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Income fell 22.74% year-over-year to $23.2 million; the trailing twelve-month figure through Dec 2025 stood at $73.8 million (down 42.88% YoY), and the FY2025 full-year result was $145.9 million, up 12.95% from the prior year.
- Operating Income for Q4 2025 stood at $23.2 million, down from $24.8 million in the prior quarter.
- The five-year high for Operating Income was $37.8 million in Q3 2024, with the low at -$159000.0 in Q1 2025.
- Historically, Operating Income has averaged $24.2 million across 5 years, with a median of $27.7 million in 2022.
- Annual changes were most pronounced in 2021 — Operating Income tumbled 100.59% — and 2023, when it jumped 270245.45%.
- American Assets Trust's Operating Income stood at $25.7 million in 2021, then advanced by 5.28% to $27.1 million in 2022, then rose by 8.59% to $29.4 million in 2023, then rose by 2.21% to $30.0 million in 2024, then decreased by 22.74% to $23.2 million in 2025.
- The last three Operating Income figures came in at $23.2 million (Q4 2025), $24.8 million (Q3 2025), and $26.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.26 Bn | 28.78 Bn | 1.01 Bn | 995.11 Mn |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | - |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | 23.22 Mn |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | 25.55 Mn |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | 29.46 Mn |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | - |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 10.29 Mn |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | - |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | 11.63 Mn |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 Mn | - | 13.48 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 | -159,000.00 |
| 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 | -11,000.00 |
| Dec 31, 2021 | 25.72 Mn |
| Sep 30, 2021 | -119,000.00 |
| Jun 30, 2021 | 26.42 Mn |
| Mar 31, 2021 | 20.06 Mn |