---
schema_version: "secwatch.filing_event.v1"
accession: "0001500217-25-000062"
form_type: "8-K"
ticker: "AAT"
cik: "0001500217"
company_name: "American Assets Trust, Inc."
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:55:22.505368+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Assets Trust Q3 FFO $0.49 (down from $0.71); raises 2025 FFO guidance midpoint to $1.97

## Summary
- Net income available to common stockholders $4.5M ($0.07 diluted) vs $16.7M ($0.28) in Q3 2024; FFO $0.49 per diluted share vs $0.71.
- Same-store cash NOI decreased 0.8% in Q3, increased 0.6% YTD; office leasing spreads cash basis +9.3%, retail +4.4%.
- Increased 2025 FFO per diluted share guidance to $1.93-$2.01 (midpoint $1.97), up $0.02 from prior midpoint.
- Declared Q4 2025 dividend of $0.34 per share, payable Dec 18 to holders of record Dec 4.
- Liquidity $538.7M (cash $138.7M + $400M line) at Sep 30; gross real estate $3.7B.

## SEC filing metadata
- accession: 0001500217-25-000062
- form_type: 8-K
- ticker: AAT
- cik: 0001500217
- company_name: American Assets Trust, Inc.
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500217/000150021725000062/0001500217-25-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500217/000150021725000062/aat-20251028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500217-25-000062
- JSON: https://secwatch.observer/filing/0001500217-25-000062.json
- Plain text: https://secwatch.observer/filing/0001500217-25-000062.txt

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