American Assets Trust (NYSE:AAT) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

American Assets Trust (NYSE:AAT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01), FiscalAI reports. American Assets Trust had a return on equity of 1.64% and a net margin of 4.09%.The firm had revenue of $109.48 million for the quarter, compared to analyst estimates of $110.64 million. American Assets Trust updated its FY 2026 guidance to 2.030-2.030 EPS.

American Assets Trust Price Performance

AAT opened at $23.61 on Thursday. American Assets Trust has a fifty-two week low of $17.72 and a fifty-two week high of $25.97. The firm has a 50-day moving average of $24.31 and a 200 day moving average of $21.09. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.04 and a current ratio of 3.04. The firm has a market cap of $1.45 billion, a P/E ratio of 81.40 and a beta of 0.96.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.36 annualized dividend and a dividend yield of 5.8%. American Assets Trust’s dividend payout ratio (DPR) is currently 468.97%.

Trending Headlines about American Assets Trust

Here are the key news stories impacting American Assets Trust this week:

• Positive Sentiment: 2026 FFO guidance reaffirmed: Management maintained its full-year FFO outlook of $1.96 to $2.10 per diluted share, with a $2.03 midpoint. Upcoming office lease commencements could provide upside to results. AAT reaffirms 2026 FFO guidance
• Positive Sentiment: Leasing and balance-sheet support: AAT signed 34 office and retail leases covering approximately 248,700 square feet, along with 575 multifamily leases. Liquidity totaled $609.7 million at June 30, including $500 million available under its credit line. American Assets Trust second-quarter financial results
• Positive Sentiment: Dividend remains attractive: The REIT declared a quarterly dividend of $0.34 per share, equivalent to a 5.6% indicated yield based on the supplied market data. Executive Chairman Ernest Rady also reportedly purchased shares during the past six months, a potential signal of insider confidence.
• Neutral Sentiment: Revenue increased slightly: Second-quarter revenue rose to $109.5 million from $107.9 million a year earlier, while FFO of $0.51 per share was broadly in line with the consensus estimate but declined from $0.52 a year ago. American Assets Trust Q2 FFO and revenue
• Negative Sentiment: Quarterly results missed key estimates: Net income attributable to common stockholders fell to $5.2 million, or $0.09 per diluted share, from $7.1 million a year earlier. EPS missed the $0.10 analyst consensus, and revenue was below the $110.64 million estimate.
• Negative Sentiment: Weak same-store performance: Same-store cash NOI increased only 0.3% year over year for the quarter and declined 0.1% for the first six months, highlighting limited near-term property-level growth.

Institutional Trading of American Assets Trust

Hedge funds have recently made changes to their positions in the company. Magnetar Financial LLC bought a new position in shares of American Assets Trust during the 3rd quarter worth $335,000. Van ECK Associates Corp lifted its holdings in American Assets Trust by 5.3% during the third quarter. Van ECK Associates Corp now owns 14,831 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 745 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in American Assets Trust during the second quarter valued at about $269,000. Creative Planning bought a new position in American Assets Trust during the second quarter worth about $253,000. Finally, LPL Financial LLC bought a new position in American Assets Trust during the fourth quarter worth about $214,000. 90.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Morgan Stanley lifted their price target on shares of American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $21.50.

About American Assets Trust

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.