American Assets Trust, Inc.

American Assets Trust, Inc. (NYSE: AAT) operates as a full-service, vertically integrated, and self-administered real estate investment trust that owns, operates, acquires, and develops high-quality office, retail, multifamily, and mixed-use properties across attractive, high-barrier-to-entry markets. The company's website is www.americanassetstrust.com.

As of December 31, 2025, American Assets Trust's portfolio comprises twelve office properties, eleven retail shopping centers, one mixed-use property consisting of a 369-room all-suite hotel and retail shopping center, and seven multifamily properties. The company also owns land at two properties classified as held for development and construction in progress. Office properties generated approximately 52 percent of net operating income in 2025, with the remaining revenue distributed across retail, multifamily, and mixed-use segments.

The company's core markets include San Diego, California; the San Francisco Bay Area, California; Bellevue, Washington; Portland, Oregon; San Antonio, Texas; and Oahu, Hawaii. Many of the company's properties are located in infill locations where developable land is scarce or where zoning, environmental, and entitlement regulations significantly restrict new development.

American Assets Trust maintains a portfolio of high-quality properties in affluent neighborhoods and sought-after business centers. The company's largest office tenants include Google LLC, LPL Holdings, Inc., and Autodesk, Inc., which collectively represent approximately 31 percent of annualized base rent in the office portfolio. In the retail segment, anchor tenants include Lowe's, Sprouts Farmers Market, and Marshalls.

The company employs 232 people and operates through American Assets Trust, L.P., its operating partnership, of which it serves as sole general partner and owned approximately 78.95 percent as of December 31, 2025. American Assets Trust, Inc. qualifies as a real estate investment trust for federal income tax purposes and is required to distribute at least 90 percent of net taxable income annually to stockholders.

The company pursues growth through strategic acquisitions in high-barrier-to-entry markets, selective repositioning and redevelopment of existing properties, disciplined capital recycling strategies, and proactive asset and property management focused on increasing occupancy rates and reducing operating expenses.