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
DateValue
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