---
schema_version: "secwatch.filing_event.v1"
accession: "0001500217-25-000003"
form_type: "8-K"
ticker: "AAT"
cik: "0001500217"
company_name: "American Assets Trust, Inc."
filed_at: "2025-02-04T23:59:59+00:00"
generated_at: "2026-05-27T03:25:18.889418+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# American Assets Trust Q4 FFO $0.55, down 4% YoY; 2025 FFO guidance midpoint $1.94 vs $2.58

## Summary
- Net income FY2024 $56.8M ($0.94 EPS); FFO per diluted share $2.58 (up 8% YoY). Q4 FFO $0.55 (down 4% YoY).
- Same-store cash NOI up 2.6% Q4 and 1.4% FY; office 85% leased, retail 94.5%, multifamily 91.8%.
- 2025 FFO guidance introduced: $1.87–$2.01 per diluted share, midpoint $1.94, below 2024 actual of $2.58.
- Repaid $225M term loans on Jan 2, 2025 and $100M Series C notes on Feb 3, 2025; liquidity $825.7M.

## SEC filing metadata
- accession: 0001500217-25-000003
- form_type: 8-K
- ticker: AAT
- cik: 0001500217
- company_name: American Assets Trust, Inc.
- filed_at: 2025-02-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500217/000150021725000003/0001500217-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500217/000150021725000003/aat-20250204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500217-25-000003
- JSON: https://secwatch.observer/filing/0001500217-25-000003.json
- Plain text: https://secwatch.observer/filing/0001500217-25-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.