American Assets Financial Statements
NYSE: AATReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Assets revenue and earnings
In fiscal 2025, American Assets generated $436.2 million in revenue, down 4.7% from fiscal 2024, its first annual decline since 2020. Net income was $71.4 million (-2.0% year over year), for a net margin of 16.4% versus a median of 13.2% in the prior 5 years. Gross margin was 61.1% (down from 63.4%) and operating margin 33.5%.
Diluted earnings per share came in at $0.92, down from $0.94. Over the last 5 fiscal years, AAT's revenue has grown at a 4.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
American Assets income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 436.20M | 457.86M | 441.16M | 422.65M | 375.83M | 344.57M | 366.74M | 330.87M | 314.98M | 295.09M |
| Revenue growth (YoY) | -4.73% | +3.78% | +4.38% | +12.46% | +9.07% | -6.04% | +10.84% | +5.04% | +6.74% | +7.06% |
| Gross Profit | 266.61M | 290.13M | 277.21M | 270.21M | 246.05M | 223.45M | 234.76M | 209.41M | 198.31M | 187.16M |
| Operating Expenses | 120.68M | 160.93M | 155.46M | 155.48M | 275.96M | 255.99M | 253.06M | 251.33M | 221.34M | 197.15M |
| Operating Income | 145.93M | 129.20M | 121.75M | 114.73M | 99.87M | 88.58M | 113.69M | 79.53M | 93.65M | 97.94M |
| Interest Expense | — | — | — | — | 58.59M | 53.44M | 54.01M | 52.25M | 53.85M | 51.94M |
| Other Income (Expense) | 3.56M | 18.15M | 7.65M | -625.00K | -418.00K | 447.00K | -122.00K | -85.00K | 334.00K | -368.00K |
| Income Tax | 770.00K | 886.00K | 1.04M | 850.00K | 738.00K | -9.00K | 819.00K | 327.00K | 214.00K | 566.00K |
| Net Income | 71.37M | 72.82M | 64.69M | 55.88M | 36.59M | 27.66M | 45.72M | 19.69M | 29.08M | 32.59M |
| Net Income growth (YoY) | -1.99% | +12.57% | +15.77% | +52.70% | +32.30% | -39.50% | +132.24% | -32.30% | -10.77% | -15.38% |
| EPS (Basic) | 0.92 | 0.94 | 0.84 | 0.72 | 0.47 | 0.46 | 0.84 | 0.42 | 0.62 | 0.72 |
| EPS (Diluted) | 0.92 | 0.94 | 0.84 | 0.72 | 0.47 | 0.46 | 0.84 | 0.42 | 0.62 | 0.72 |
| Shares Outstanding (Basic) | 60.56M | 60.33M | 60.16M | 60.05M | 59.99M | 59.81M | 54.11M | 46.95M | 46.72M | 45.33M |
| Shares Outstanding (Diluted) | 76.74M | 76.51M | 76.34M | 76.23M | 76.17M | 76.12M | 70.79M | 64.14M | 64.09M | 63.23M |
| EBITDA | 273.24M | 254.66M | 241.25M | 238.07M | 216.18M | 196.87M | 209.89M | 186.63M | 176.92M | 169.26M |
| Gross Margin | 61.12% | 63.37% | 62.84% | 63.93% | 65.47% | 64.85% | 64.01% | 63.29% | 62.96% | 63.42% |
| Operating Margin | 33.45% | 28.22% | 27.60% | 27.15% | 26.57% | 25.71% | 31.00% | 24.04% | 29.73% | 33.19% |
| Net Margin | 16.36% | 15.90% | 14.66% | 13.22% | 9.74% | 8.03% | 12.47% | 5.95% | 9.23% | 11.04% |
This table shows 10 annual periods of American Assets's income statement, from FY 2025 back to FY 2016, across 16 line items including revenue, gross profit, operating expenses. Values in USD; B = billions, M = millions. Fiscal periods follow AAT's reporting calendar. What is a income statement?