Welcome to our dedicated page for American Assets Tr SEC filings (Ticker: AAT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
American Assets Trust, Inc. filings document regulatory disclosures for a Maryland REIT and its operating partnership. Form 8-K reports furnish quarterly and annual results, supplemental operating information, Regulation FD materials and material financing events tied to the company’s office, retail, multifamily and mixed-use property portfolio.
The filing record also includes definitive proxy materials covering governance, executive compensation and equity-award disclosures. Debt-related filings describe unsecured revolving credit and term-loan arrangements, borrowing capacity, interest-rate mechanics and obligations of American Assets Trust, L.P. within the company’s REIT operating structure.
American Assets Trust, Inc. director and executive chairman Ernest S. Rady reported an indirect open-market purchase of 10,000 shares of common stock at $22.67 per share through the Ernest Rady Trust U/D/T March 10, 1983. Following this transaction, that trust holds 8,272,188 shares. Rady also reports additional direct and indirect holdings through his IRA and several controlled or trustee-managed entities, with beneficial ownership disclaimed except to the extent of his pecuniary interest.
American Assets Trust, Inc. Executive Chairman and 10% owner Ernest S. Rady reported indirect open-market purchases of company common stock through Ernest Rady Trust U/D/T March 10, 1983. The trust bought a total of 78,855 shares at prices between $21.15 and $21.70 per share. Following the largest recorded purchase, the trust held 8,262,188 shares. The filing also updates Rady’s direct and other indirect holdings through related entities and trusts.
American Assets Trust Executive Chairman Ernest S. Rady reported indirect open-market purchases of common stock through several related entities. On May 18, entities ESRT and ERT bought 2,400 and 68,768 shares, respectively, at $21.00 per share. On May 15, Rady Foundation purchased 29,360 shares at $20.79 per share.
After these trades, reported indirect holdings include 102,859 shares by ESRT, 8,183,333 shares by ERT and 1,209,021 shares by Rady Foundation. Additional positions shown are 66,680 shares held directly, 200,000 shares by EIC, 1,275,336 shares by ICW and 2,267,022 shares by AAI. The filing notes that Rady disclaims beneficial ownership of entity-held shares except to the extent of his pecuniary interest.
American Assets Trust, Inc. insider reporting shows entities associated with Executive Chairman Ernest S. Rady increasing their stake through open-market purchases of common stock. Rady Foundation, which is directly controlled by him, bought a total of 170,640 shares across three days at prices around $21 per share, bringing its reported holding to 1,179,661 shares. The filing also lists substantial additional direct and indirect holdings through trusts, corporate entities, and an IRA, with Rady disclaiming beneficial ownership of several of these positions except for his pecuniary interest.
American Assets Trust, Inc. entered into a Voting Support Agreement with the Rady-related stockholders and revised its charter-based ownership limits. The board raised the Rady Trust Group’s excepted holder limit from 19.9% to 21.9% of outstanding common stock and reduced the general Aggregate and Common Stock Ownership Limits to 6.775%.
As a condition to the higher limit, any shares that take the Rady Trust Group above 19.9% (the Subject Shares) are subject to voting restrictions. For uncontested meetings, those Subject Shares must either abstain or be voted in proportion to other stockholders’ instructions. In contested meetings, they must follow board recommendations or abstain where the board has no view.
The Stockholder granted the Company an irrevocable proxy, with power of substitution, to vote the Subject Shares in line with these rules. The Company will also file a Certificate of Notice in Maryland to reflect the reduced general ownership limits.
American Assets Trust reported steady operating performance for the quarter ended March 31, 2026, but sharply lower net income due to one-time items. Total revenue was $110.6 million, up slightly from $108.6 million a year earlier, with rental income of $104.4 million. Net income fell to $6.7 million from $54.1 million, mainly because last year included a $44.5 million gain on a real estate sale. Diluted earnings per share were $0.08 versus $0.70, while the company maintained a quarterly dividend of $0.34 per share.
Segment profit across office, retail, multifamily and mixed-use assets was $66.9 million, essentially flat year over year. Operating cash flow increased to $38.6 million from $36.9 million, supporting capital expenditures of $23.2 million and distributions of $26.4 million. Net real estate assets totaled $2.61 billion, funded by $1.83 billion of liabilities and $1.07 billion of equity. After quarter-end, the company expanded and extended its unsecured credit facility to provide up to $600 million in borrowing capacity through 2030.
American Assets Trust, Inc. reported first quarter 2026 results showing largely stable operating performance but sharply lower GAAP earnings due to prior‑year one‑time gains. Net income attributable to common stockholders was $5.1 million, or $0.08 per diluted share, versus $42.5 million, or $0.70 per share, a year earlier, mainly because 2025 included a gain on the sale of Del Monte Center and interest expense increased.
Funds From Operations (FFO), the REIT’s key performance metric, was $38.8 million, or $0.51 per diluted share and unit, slightly below $39.9 million, or $0.52, in 2025. Revenue rose to $110.6 million from $108.6 million, and same‑store cash NOI was essentially flat at $66.4 million.
Leasing metrics were generally healthy. The company leased about 237,000 square feet of office space with average cash rent spreads of 4.8% and straight‑line spreads of 10.6%, and 39,000 square feet of retail space with a modest cash rent decline but positive straight‑line spreads. Portfolio occupancy remained high across office, retail, multifamily and mixed‑use assets.
Balance sheet liquidity remained solid. As of March 31, 2026, the company reported $3.8 billion of gross real estate assets and $518.3 million of liquidity, including $118.3 million of cash and $400.0 million of availability on its line of credit. Only one of 31 assets was encumbered by a mortgage.
The company strengthened financing flexibility on April 1, 2026 by amending and restating its credit facility, increasing total borrowing capacity to $600 million—a $500 million revolver and a $100 million term loan—and extending maturities to 2030. This extends its debt ladder and supports ongoing development and leasing activity.
Common stock dividends were steady. The company paid a $0.340 per share dividend for the first quarter of 2026 and has declared the same amount for the second quarter, payable June 18, 2026 to holders of record on June 4, 2026.
Looking ahead, management affirmed 2026 FFO guidance in a range of $1.96 to $2.10 per diluted share, with a midpoint of $2.03. Guidance assumptions reflect current expectations for leasing, occupancy, interest rates and development timing and exclude potential future acquisitions, dispositions, equity raises or additional debt transactions.
American Assets Trust Inc ownership filing reports that Vanguard Portfolio Management beneficially owns 5,416,967 shares of Common Stock, representing 8.82% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 5,416,967 shares and sole voting power over 20,007 shares. The disclosure explains these holdings include securities held for Vanguard funds and managed accounts and are reported on behalf of those clients.
American Assets Trust, Inc. has issued its definitive proxy for the 2026 Annual Meeting of Stockholders, to be held on June 1, 2026 in San Diego. Stockholders of record as of March 27, 2026 will vote on electing five directors, ratifying Ernst & Young LLP as auditor, and approving an advisory “say‑on‑pay” resolution on executive compensation.
The proxy highlights a refreshed Board with four of five nominees deemed independent, strong governance practices, and active oversight of risk, cybersecurity and ESG initiatives. It also notes 2025 net income of $71.37 million, funds from operations of $153.45 million (or $2.00 per diluted share/unit), and a record annual dividend of $1.36 per share.