American Assets Trust stock after REIT raises 2026 FFO outlook

Published on 11/01/2026 at 00:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

American Assets Trust stock gets a stronger update after the REIT lifted its 2026 FFO midpoint. Office leasing improved, but refinancing costs remain a key risk for 2027.

Quarterly results and outlook

American Assets Trust lifted the midpoint of its 2026 FFO guidance after stronger third-quarter operating performance.
Office, retail and multifamily leasing improved, while higher future borrowing costs remain a central risk.

AAT, US0240131047, Illustration mit AI erstellt.

American Assets Trust reported third-quarter 2026 results on October 27, with funds from operations of 0.56 US dollars per diluted share and an increase in full-year FFO guidance. In its GlobeNewswire release, the company said same-store cash net operating income rose 8.3 percent year over year.

Guidance moves higher

Management raised the 2026 FFO range to 2.04 to 2.10 US dollars per diluted share, lifting the midpoint by 0.04 US dollars from the previous outlook. Net income attributable to common stockholders reached 7.7 million US dollars for the quarter, while revenue was 114.3 million US dollars.

The operating update was mixed by property type. Office occupancy improved as the portfolio reached 85.8 percent leased at September 30, compared with 81.9 percent a year earlier. Retail leasing stood at 98.3 percent and multifamily leasing at 94.2 percent.

Leasing progress meets funding risk

American Assets Trust leased 124,000 square feet of office space during the quarter and reported 2.1 percent average cash rent growth on comparable office leases. The company also said 108,000 square feet of retail space was leased, with a 7.4 percent average cash rent increase on comparable leases.

Higher interest costs remain a constraint for the outlook. The company reported 1.8 billion US dollars of total liabilities at September 30 and said its guidance depends on assumptions for leasing, occupancy, interest rates and credit spreads. The 0.34 US dollar-per-share fourth-quarter dividend is scheduled for payment on December 17, 2026, to shareholders of record on December 10.

The latest quote was 21.86 US dollars at 22:00 CEST on Friday, October 30, 2026.

American Assets Trust's property platform

American Assets Trust is a vertically integrated real estate investment trust headquartered in San Diego, California. It acquires, develops and manages office, retail and residential properties, with additional exposure to mixed-use real estate and hotels. Its portfolio is concentrated in high-barrier-to-entry markets across Southern California, Northern California, Washington, Oregon, Texas and Hawaii.