American Assets Tr Inc SEC Filings

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.

American Assets Trust, Inc. and its operating partnership entered into a Fourth Amended and Restated Credit Agreement providing up to $600 million in unsecured borrowings. The facility includes a $500 million revolving line of credit and a $100 million term loan, both bearing interest at floating rates tied to SOFR or a base rate with leverage- or ratings-based spreads.

The revolving line of credit and the $100 million term loan each initially mature on April 1, 2030, with extension options available to the operating partnership if certain conditions are satisfied. The agreement replaces a prior 2022 facility and includes customary covenants, financial reporting requirements and events of default.

American Assets Trust Inc ownership disclosure: The Vanguard Group filed an amended Schedule 13G reporting 0 shares beneficially owned and 0% of Common Stock as of the filing. The amendment explains an internal realignment effective January 12, 2026, under SEC Release No. 34-39538 that caused certain Vanguard subsidiaries or divisions to report separately.

American Assets Trust, Inc. Executive Chairman Ernest S. Rady reported open‑market purchases of a total of 10,748 shares of common stock at prices of $20.06 and $19.52 per share. The shares were bought indirectly by the Ernest Rady Trust, for which he serves as trustee, and he disclaims beneficial ownership except for his pecuniary interest.

American Assets Trust, Inc. insider entities associated with Executive Chairman Ernest S. Rady reported open‑market purchases of a total of 79,386 shares of common stock between February 20 and 24, 2026 at prices around $19 per share, all reported as indirect ownership.

The largest block, 25,858 shares, was acquired by Ernest Rady Trust U/D/T March 10, 1983 (ERT), for which Rady is trustee, and this Form 4/A amends a prior report to correct that 2/24/26 purchase from 28,858 to 25,858 shares. Additional holdings are reported through entities such as American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, the Evelyn Shirley Rady Trust, and an IRA, with beneficial ownership disclaimed except to the extent of pecuniary interest.

Entities associated with American Assets Trust, Inc. Executive Chairman Ernest S. Rady reported open-market purchases of 82,386 shares of common stock at prices between $19.28 and $19.50. These buys were made indirectly through Ernest Rady Trust U/D/T March 10, 1983, where he serves as trustee and disclaims beneficial ownership except for any pecuniary interest.

The filing also updates indirect holdings in entities he directly controls or is affiliated with, including American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, and an IRA and family trust structures. These entries reflect updated ownership totals rather than new reported purchases.

American Assets Trust, Inc. insider-related entities reported open-market purchases of the company’s common stock over several days. On February 18 and 19, 2026, Ernest Rady Trust U/D/T March 10, 1983 ("ERT") bought a total of 157,898 shares at prices around $18.81–$18.83 per share, following an earlier purchase of 1,968 shares at $18.53 per share on February 17, 2026.

These transactions are reported by Executive Chairman and significant owner Ernest S. Rady as indirect ownership "By ERT," and he disclaims beneficial ownership except for his pecuniary interest. Additional indirect holdings are listed for entities he directly controls or serves as trustee, including American Assets, Inc., Insurance Company of the West, Rady Foundation, Explorer Insurance Company, and Evelyn Shirley Rady Trust, as well as directly held shares in an Ernest Rady IRA.

American Assets Trust is a vertically integrated REIT that owns, operates, acquires and develops office, retail, multifamily and mixed-use properties in high‑barrier coastal markets in California, Washington, Oregon, Texas and Hawaii. As of December 31, 2025, the portfolio included twelve office properties, eleven retail centers, a mixed‑use hotel/retail asset and seven multifamily communities, plus development land.

American Assets Trust, Inc. is the sole general partner of American Assets Trust, L.P. and owned about 78.95% of the Operating Partnership at year‑end 2025. About 52% of 2025 net operating income came from office assets, with key tenants Google, LPL Holdings and Autodesk together providing roughly 31% of office annualized base rent. The company highlights risks from geographic concentration on the West Coast and Hawaii, elevated leverage with about $1.70 billion of debt outstanding as of February 6, 2026, evolving office demand from work‑from‑home trends, retail co‑tenancy and e‑commerce pressures, hospitality cyclicality in Hawaii, and development, refinancing, environmental, regulatory and REIT‑qualification risks.

American Assets Trust, Inc. reported that it has released its financial results for the quarter and fiscal year ended December 31, 2025. On February 3, 2026, the company issued a press release and posted supplemental financial and operating information on the Investors section of its website.

The press release and supplemental package are furnished as Exhibits 99.1 and 99.2 to this report, rather than being filed, meaning they are not subject to certain Exchange Act liability provisions and are not automatically incorporated into other SEC filings.