---
schema_version: "secwatch.filing_event.v1"
accession: "0001500217-25-000054"
form_type: "8-K"
ticker: "AAT"
cik: "0001500217"
company_name: "American Assets Trust, Inc."
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:38:56.295924+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AAT Q2 FFO $0.51 vs $0.60 YoY; Raises 2025 FFO guidance to $1.89-$2.01

## Summary
- Net income $5.5M ($0.09/diluted share); FFO ex-items $0.51/diluted share vs $0.60 in Q2 2024.
- Same-store cash NOI decreased 0.3% in Q2; office occupancy fell to 82.0% from 86.6% YoY.
- Raised 2025 FFO guidance midpoint to $1.95 (+1% from prior); retail leasing spreads +7.4% cash basis.
- Q3 dividend $0.340/share payable Sept 18, 2025; liquidity $543.7M at June 30.
- Net interest expense up $3.5M due to $525M 6.15% senior notes; sold Del Monte Center for $44.5M gain.

## SEC filing metadata
- accession: 0001500217-25-000054
- form_type: 8-K
- ticker: AAT
- cik: 0001500217
- company_name: American Assets Trust, Inc.
- filed_at: 2025-07-29T23:59:59+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/1500217/000150021725000054/0001500217-25-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500217/000150021725000054/aat-20250729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500217-25-000054
- JSON: https://secwatch.observer/filing/0001500217-25-000054.json
- Plain text: https://secwatch.observer/filing/0001500217-25-000054.txt

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