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. 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.
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.