American Assets Trust Q2 FY26 net income drops 4.1% to 6,790; revenue rises 1.44% to 109.48 million

Leasing included 110,000 office square feet with comparable cash rent spreads of 9.1%, while 139,000 retail square feet delivered comparable cash rent spreads of 3%.

Full-year 2026 FFO per diluted share guidance was reaffirmed at USD 1.96 to USD 2.10; the quarterly dividend stayed at USD 0.34 per share.

American Assets Trust posted Q2 net income of USD 6.79 million, down 4.65% from a year earlier, while FFO per diluted share edged down to USD 0.51.

Net income attributable to stockholders slipped 5.15% to USD 5.18 million, with same-store cash NOI up 0.3% to USD 66.5 million.

Office occupancy held at 84.4%, retail occupancy rose 0.2 percentage points to 97.9%, while multifamily occupancy fell 6.3 percentage points to 88.4%.