secwatch.observer — SEC 8-K summary
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Issuer:     American Assets Trust, Inc. (AAT)
CIK:        0001500217
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001500217-25-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500217/000150021725000054/0001500217-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500217/000150021725000054/aat-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001500217-25-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer