OverviewSuggest Edit

American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The Company operates through four business segments: retail, which includes the rental of retail space and other tenant services; office, which includes the rental of office space and other tenant services; multifamily, which includes the rental of apartments and other tenant services, and mixed-use, which includes the rental of retail space and other tenant services. The Company’s core markets include San Diego, the San Francisco Bay Area, Portland, Oregon, Bellevue, Washington and Oahu, Hawaii.
TypePublic
HQSan Diego, US
Websiteamericanassetstrust.com

Latest Updates

Employees (est.) (Dec 2018)189(-2%)
Revenue (FY, 2018)$330.9 M(+6%)
Share Price (Dec 2019)$46.4 (-2%)

Key People/Management at American Assets Trust

Ernest Rady

Ernest Rady

Chairman, President and Chief Executive Officer
Robert Barton

Robert Barton

Executive Vice President and Chief Financial Officer
Adam Wyll

Adam Wyll

Senior Vice President, General Counsel and Secretary
Jerry Gammieri

Jerry Gammieri

Vice President of Construction and Development
Chris Sullivan

Chris Sullivan

Vice President of Retail Properties
Wade Lange

Wade Lange

Vice President, Regional Manager, Portland
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American Assets Trust Office Locations

American Assets Trust has offices in San Diego, Bellevue, Portland and San Francisco
San Diego, US (HQ)
11455 El Camino Real #200
Bellevue, US
500 108th Ave NE
Portland, US
100 SW Main St
Portland, US
NE Oregon St
San Francisco, US
One Bush Plaza, 1 Market St, San Francisco
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American Assets Trust Financials and Metrics

American Assets Trust Revenue

American Assets Trust's revenue was reported to be $330.87 m in FY, 2018
USD

Revenue (Q3, 2019)

98.4m

Net income (Q3, 2019)

12.9m

EBIT (Q3, 2019)

30.4m

Market capitalization (11-Dec-2019)

2.8b

Closing stock price (11-Dec-2019)

46.4

Cash (30-Sept-2019)

115.6m
American Assets Trust's current market capitalization is $2.8 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

209.8m235.5m255.1m260.0m275.6m295.1m315.0m330.9m

Revenue growth, %

2%6%7%

Sales and marketing expense

1.3m

General and administrative expense

13.9m15.6m17.2m18.5m20.1m17.9m21.4m22.8m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

52.3m56.3m57.0m57.8m62.8m62.2m62.9m65.3m64.0m62.2m67.3m66.0m66.8m71.3m70.7m71.8m76.0m73.8m77.1m82.3m80.7m85.0m82.5m85.3m84.1m98.4m

Sales and marketing expense

264.0k263.0k352.0k344.0k390.0k392.0k355.0k385.0k

General and administrative expense

3.8m3.7m3.8m4.0m4.0m4.2m4.4m4.0m4.6m4.6m4.7m5.0m4.8m6.4m4.5m4.4m4.5m5.1m5.1m5.0m5.6m5.4m5.2m6.1m5.9m6.5m

Operating expense total

3.8m3.7m3.8m4.3m4.2m4.6m4.8m4.0m21.0m22.8m21.0m20.1m4.8m6.4m4.5m4.4m4.5m5.1m5.1m5.0m5.6m5.4m5.2m6.1m5.9m6.5m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

112.7m42.5m49.0m59.4m39.9m44.8m82.6m48.0m

Accounts Receivable

6.8m6.4m7.3m6.7m7.5m9.3m9.9m9.3m

Prepaid Expenses

76.3m73.7m57.7m53.4m46.1m42.4m52.0m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

92.5m123.2m100.7m98.6m34.9m44.0m63.3m65.7m79.5m78.9m95.1m54.6m34.9m40.2m44.0m43.9m62.0m190.1m31.4m94.2m55.3m51.3m56.2m54.5m44.8m115.6m

Accounts Receivable

4.9m6.5m5.3m5.0m6.1m7.5m7.3m7.6m6.3m4.9m7.6m5.8m5.7m8.2m7.6m6.7m8.6m7.6m6.5m8.6m8.8m7.1m8.3m9.1m10.1m9.6m

Prepaid Expenses

69.9m77.1m2.6m

Total Assets

1.7b1.7b1.7b1.7b1.9b1.8b1.8b1.8b1.9b1.9b1.9b2.0b2.0b2.0b2.0b2.0b2.0b2.1b2.2b2.3b2.2b2.2b2.2b2.2b2.7b2.8b
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

2.9m34.9m22.6m31.1m53.9m45.6m40.1m27.2m

Depreciation and Amortization

57.6m61.9m66.8m66.6m63.4m71.3m83.3m107.1m

Accounts Payable

2.5m(1.8m)1.2m1.4m(1.1m)1.4m7.6m(3.3m)

Cash From Operating Activities

65.4m75.9m92.7m105.6m110.7m122.7m145.9m136.5m
USDY, 2019

Financial Leverage

2.1 x
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American Assets Trust Online and Social Media Presence

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American Assets Trust News and Updates

American Assets Trust, Inc. Reports Third Quarter 2019 Financial Results

Net income available to common stockholders of $12.9 million and $32.9 million for the three and nine months ended September 30, 2019, respectively, or $0.22 and $0.63 per diluted share, respectively

American Assets Trust, Inc. Announces Second Quarter 2019 Earnings Release Date and Conference Call Information

SAN DIEGO, July 01, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) will announce its second quarter 2019 earnings in a press release to be issued after the market closes on Tuesday, July 30, 2019.

American Assets Trust, Inc. Acquires La Jolla Commons in San Diego, California

SAN DIEGO, June 20, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) has successfully closed on the acquisition of La Jolla Commons, consisting of two trophy office towers, an entitled development parcel and two parking structures, located in the preeminent Universi…

American Assets Trust, Inc. Announces Pricing of Public Offering of Common Stock

SAN DIEGO, June 11, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) announced today the pricing of a previously announced underwritten public offering of 9,500,000 shares of its common stock at a price to the public of $44.75 per share. The gross proceeds from this…

American Assets Trust, Inc. Enters into Agreement to Acquire La Jolla Commons in San Diego, California

SAN DIEGO, June 10, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) has entered into an agreement to acquire La Jolla Commons, consisting of two trophy office towers, an entitled development parcel and two parking structures, located in the preeminent University To…

American Assets Trust, Inc. Reports First Quarter 2019 Financial Results

Net income available to common stockholders of $11.1 million for the first quarter, or $0.24 per diluted share
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American Assets Trust Blogs

American Assets Trust, Inc. Announces Third Quarter 2019 Earnings Release Date and Conference Call Information

American Assets Trust, Inc. Announces Third Quarter 2019 Earnings Release Date and Conference Call Information Content Import Fri, 09/27/2019 - 12:59 American Assets Trust, Inc. Announces Third Quarter 2019 Earnings Release Date and Conference Call Information 09/27/19 …

American Assets Trust, Inc. Announces Issuance of $150 Million of 3.91% Senior Guaranteed Notes, Series G, Due July 30, 2030

SAN DIEGO , July 30, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) and American Assets Trust, L.P. (the “Operating Partnership”) announced today the closing of a privately placed debt offering of $150,000,000 of eleven-year senior guaranteed notes (the “Series G

American Assets Trust, Inc. Reports Second Quarter 2019 Financial Results

Net income available to common stockholders of $8.9 million and $20.0 million for the three and six months ended June 30, 2019 , respectively, or $0.18 and $0.41 per diluted share, respectively Acquisition of La Jolla Commons in San Diego, California for $525.0 million , less a seller credit of

American Assets Trust, Inc. Announces Proposed Public Offering of Common Stock

American Assets Trust, Inc. Announces Proposed Public Offering of Common Stock Content Import Mon, 06/10/2019 - 16:02 American Assets Trust, Inc. Announces Proposed Public Offering of Common Stock 06/10/19 This release is a backfill from a News Wire …

American Asset Trust, Inc.’s Hassalo on Eighth Development is First in the World to Receive Neighborhood LEED Green Building Certification

American Asset Trust, Inc.’s Hassalo on Eighth Development is First in the World to Receive Neighborhood LEED Green Building Certification Michael.Fuccio… Thu, 05/30/2019 - 13:34 American Asset Trust, Inc.’s Hassalo on Eighth Development is First in the World to Receive Neighborhood LEED…

American Assets Trust, Inc. Celebrates Grand Opening of Genetech’s New Patient Support Center at Lloyd Center Tower in Portland, Oregon

American Assets Trust, Inc. Celebrates Grand Opening of Genetech’s New Patient Support Center at Lloyd Center Tower in Portland, Oregon Michael.Fuccio… Wed, 05/15/2019 - 13:03 American Assets Trust, Inc. Celebrates Grand Opening of Genetech’s New Patient Support Center at Lloyd Center Towe…
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American Assets Trust Frequently Asked Questions

  • Who are American Assets Trust key executives?

    American Assets Trust's key executives are Ernest Rady, Robert Barton and Adam Wyll.

  • How many employees does American Assets Trust have?

    American Assets Trust has 189 employees.

  • What is American Assets Trust revenue?

    Latest American Assets Trust annual revenue is $330.9 m.

  • What is American Assets Trust revenue per employee?

    Latest American Assets Trust revenue per employee is $1.8 m.

  • Who are American Assets Trust competitors?

    Competitors of American Assets Trust include Lar Espana, Arnold Development Group and Swiss Prime Site.

  • Where is American Assets Trust headquarters?

    American Assets Trust headquarters is located at 11455 El Camino Real #200, San Diego.

  • Where are American Assets Trust offices?

    American Assets Trust has offices in San Diego, Bellevue, Portland and San Francisco.

  • How many offices does American Assets Trust have?

    American Assets Trust has 5 offices.