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American Assets Trust, Inc. director, Executive Chairman and ten percent owner Ernest S. Rady reported open-market purchases of common stock through an affiliated trust. On 2026-08-11, ERT acquired 100,000 shares at $22.52 per share, and on 2026-08-10 it acquired 93,243 shares at $22.45 per share, both reported as indirect ownership "By ERT." Related holdings reported as of 2026-08-10 include 2,267,022 shares held by American Assets, Inc., 1,275,336 by Insurance Company of the West, 1,209,021 by Rady Foundation, 200,000 by Explorer Insurance Company, 107,859 by Evelyn Shirley Rady Trust, and 66,680 shares held directly in Ernest Rady IRA. Footnotes state these entities are controlled by or associated with Rady and that he disclaims beneficial ownership except to the extent of his pecuniary interest.
American Assets Trust Executive Chairman and 10% owner Ernest S. Rady reported open‑market purchases totaling 35,763 common shares. On August 7, 32,763 shares were bought at $22.82 per share through the Ernest Rady Trust, taking that trust to 8,459,288 shares; on August 5, 3,000 shares were bought at $23.04 through the Evelyn Shirley Rady Trust, reaching 107,859 shares. Additional entries reflect substantial indirect holdings across several controlled entities and an IRA, for which Rady disclaims beneficial ownership beyond his pecuniary interests. The Rule 10b5‑1 trading‑plan checkbox was not selected.
American Assets Trust, Inc. and its operating partnership reported relatively stable operating performance for the quarter ended June 30, 2026. Total revenue was $109.5 million versus $107.9 million a year earlier, with six‑month revenue of $220.1 million compared with $216.5 million in 2025. Segment profit across office, retail, multifamily and mixed‑use assets was effectively flat year over year.
GAAP results declined because 2025 included a large one‑time gain on a property sale. For the first six months of 2026, net income was $13.5 million versus $61.2 million in 2025, and net income attributable to common stockholders was $10.3 million, or $0.17 per diluted share, compared with $0.79 per share. Operating cash flow remained strong at $87.5 million, funding $49.7 million of capital expenditures and $52.8 million of dividends and partnership distributions.
At June 30, 2026, the company held $2.89 billion in total assets, including net real estate of $2.61 billion, against total liabilities of $1.84 billion. Secured notes payable were $74.9 million and unsecured notes payable $1.61 billion, with all debt covenants disclosed as in compliance. A new $600 million unsecured credit facility (including a $500 million undrawn revolver and a $100 million term loan maturing in 2030) provides additional liquidity. The company maintained a quarterly dividend of $0.34 per share and has an unused $250 million at‑the‑market equity program.
American Assets Trust, Inc. reported second quarter 2026 results with net income available to common stockholders of $5.2 million, or $0.09 per diluted share, and $10.3 million, or $0.17 per diluted share, for the six months ended June 30, 2026. Funds From Operations (FFO) were $0.51 and $1.02 per diluted share and unit for the three and six months, respectively, compared with $0.52 and $1.04 in 2025. Six‑month net income attributable to common stockholders decreased $47.7 million versus 2025, mainly due to the 2025 gain on sale of Del Monte Center, higher interest expense after La Jolla Commons III was placed into service, lower occupancy at First & Main and 14Acres, and higher rental expenses.
Same‑store cash NOI rose 0.3% for the quarter and declined 0.1% for the six months year over year. The company reported record average rental rates across office, retail and multifamily segments and signed 34 office and retail leases totaling about 248,700 square feet plus 575 multifamily leases in the quarter. Cash leasing spreads on comparable space were 9.1% for office and 3.0% for retail. As of June 30, 2026, leased levels were 84.4% for office, 97.9% for retail, 88.4% for multifamily and 91.2% for the hotel.
On April 1, 2026, the credit facility was amended and restated, increasing total capacity to $600 million (a $500 million revolving line and a $100 million term loan) and extending the maturity to April 1, 2030. At June 30, 2026, only the $100 million term loan was outstanding. The company reported gross real estate assets of $3.8 billion and liquidity of $609.7 million, including $109.7 million of cash and $500.0 million of revolver availability, with only one of 31 assets encumbered by a mortgage. Dividends of $0.34 per common share were paid for the second quarter and declared for the third quarter of 2026, and full‑year 2026 FFO guidance of $1.96–$2.10 per diluted share (midpoint $2.03) was affirmed.
AAT submitted a Form 144 notice indicating proposed sales of Common Stock by the issuer under equity compensation awards. The notice lists restricted stock unit grants dated 06/08/2021 (1,296 shares), 06/07/2022 (1,518 shares), 06/05/2023 (2,587 shares), 06/03/2024 (2,295 shares), and 06/02/2025 (4,453 shares).
The form records brokerage details referencing Charles Schwab & Co., Inc. and shows an execution date field of 06/24/2026. The filing is a routine insider resale notice for RSU-derived shares; cash-flow treatment and final sale amounts are not detailed here.
American Assets Trust, Inc. insider activity shows a trust associated with Executive Chairman Ernest Rady buying additional shares. On June 15, 2026, Ernest Rady Trust U/D/T March 10, 1983 purchased 10,000 shares of common stock in an open-market transaction at $24.21 per share, bringing that trust’s holdings to 8,426,525 shares. Rady serves as trustee and disclaims beneficial ownership beyond his pecuniary interest.
The disclosure also details other positions linked to Rady, including 66,680 shares held directly (including an IRA) and indirect holdings through entities such as American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, and Evelyn Shirley Rady Trust. Together, these entries illustrate a large overall stake in American Assets Trust held across multiple entities related to Rady.
American Assets Trust, Inc. Executive Chairman and 10% owner Ernest S. Rady, through related entities, reported open-market purchases totaling 30,000 shares of common stock. Entities associated with him bought 10,000 shares at $24.64 on June 10, 8,000 and 2,000 shares at $24.62 on June 11, and 10,000 shares at $24.63 on June 12, 2026.
After these trades, Ernest Rady Trust U/D/T March 10, 1983 held 8,416,525 shares and Evelyn Shirley Rady Trust U/D/T March 10, 1983 held 104,859 shares. As of June 10, 2026, additional indirect holdings included 2,267,022 shares by American Assets, Inc., 1,275,336 by Insurance Company of the West, 1,209,021 by Rady Foundation, and 200,000 by Explorer Insurance Company, plus 66,680 shares held directly in an IRA. The reporting person disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.
American Assets Trust, Inc. insider reporting shows an indirect open-market purchase of the company’s common stock tied to Executive Chairman and 10% owner Ernest S. Rady. A trust for which he serves as trustee, Ernest Rady Trust U/D/T March 10, 1983, bought 10,000 shares at $23.40 per share.
Following this transaction, that trust held 8,388,525 shares of common stock. The filing also lists additional direct and indirect holdings across entities Rady controls or is associated with, including American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, and Evelyn Shirley Rady Trust, with Rady disclaiming beneficial ownership except for his pecuniary interest.
American Assets Trust, Inc. is providing an update under Regulation FD about investor outreach activity. Members of senior management are meeting with certain investors and analysts on June 3, 2026 in connection with the NAREIT REITweek Conference. The company has made the presentation materials available on the Investors "Presentations & Events" page of its website. The information is furnished, not filed, under securities laws and is not incorporated by reference into other company filings.
SULLIVAN ROBERT S reported acquisition or exercise transactions in this Form 4 filing.
American Assets Trust, Inc. director Robert S. Sullivan received a grant of 3,843 shares of restricted common stock on 2026-06-01. The award was issued at no cash cost to him under the company’s Amended and Restated 2011 Equity Incentive Award Plan. Following this compensation grant, he directly holds 30,350 shares of common stock.