American Assets Trust Inc
NYSE:AAT
Income Statement
Earnings Waterfall
American Assets Trust Inc
Income Statement
American Assets Trust Inc
| Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
44
|
43
|
48
|
52
|
53
|
55
|
55
|
55
|
56
|
57
|
58
|
59
|
59
|
58
|
57
|
56
|
54
|
53
|
51
|
49
|
47
|
47
|
48
|
50
|
52
|
52
|
52
|
52
|
53
|
54
|
54
|
54
|
53
|
52
|
52
|
52
|
53
|
54
|
54
|
54
|
54
|
53
|
54
|
56
|
57
|
59
|
59
|
59
|
59
|
58
|
59
|
61
|
63
|
65
|
65
|
65
|
67
|
75
|
77
|
81
|
82
|
78
|
|
| Revenue |
121
N/A
|
118
-2%
|
143
+21%
|
167
+17%
|
183
+10%
|
203
+11%
|
211
+4%
|
216
+2%
|
226
+5%
|
236
+4%
|
242
+3%
|
249
+3%
|
254
+2%
|
255
+1%
|
257
+1%
|
256
0%
|
258
+1%
|
260
+1%
|
262
+1%
|
267
+2%
|
271
+2%
|
276
+2%
|
280
+2%
|
285
+2%
|
290
+2%
|
295
+2%
|
298
+1%
|
304
+2%
|
310
+2%
|
315
+2%
|
322
+2%
|
330
+2%
|
330
+0%
|
331
+0%
|
335
+1%
|
335
0%
|
350
+5%
|
367
+5%
|
378
+3%
|
376
-1%
|
362
-4%
|
345
-5%
|
332
-4%
|
342
+3%
|
355
+4%
|
376
+6%
|
393
+5%
|
406
+3%
|
418
+3%
|
423
+1%
|
429
+2%
|
435
+1%
|
435
+0%
|
441
+1%
|
444
+1%
|
445
+0%
|
457
+3%
|
458
+0%
|
456
0%
|
453
-1%
|
440
-3%
|
436
-1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(33)
|
(32)
|
(43)
|
(56)
|
(66)
|
(77)
|
(81)
|
(82)
|
(85)
|
(86)
|
(87)
|
(88)
|
(89)
|
(90)
|
(92)
|
(91)
|
(91)
|
(91)
|
(91)
|
(93)
|
(95)
|
(98)
|
(101)
|
(103)
|
(106)
|
(108)
|
(110)
|
(112)
|
(114)
|
(117)
|
(118)
|
(120)
|
(121)
|
(122)
|
(122)
|
(124)
|
(129)
|
(132)
|
(136)
|
(131)
|
(126)
|
(121)
|
(117)
|
(122)
|
(124)
|
(130)
|
(136)
|
(142)
|
(149)
|
(152)
|
(156)
|
(159)
|
(160)
|
(164)
|
(166)
|
(166)
|
(168)
|
(168)
|
(168)
|
(168)
|
(169)
|
(170)
|
|
| Gross Profit |
88
N/A
|
86
-2%
|
100
+16%
|
111
+11%
|
117
+5%
|
126
+8%
|
131
+4%
|
134
+3%
|
141
+5%
|
149
+6%
|
155
+4%
|
161
+4%
|
165
+2%
|
165
+0%
|
165
+0%
|
165
0%
|
167
+1%
|
169
+1%
|
171
+1%
|
174
+2%
|
175
+1%
|
178
+1%
|
180
+1%
|
182
+1%
|
184
+1%
|
187
+2%
|
188
+0%
|
192
+2%
|
196
+2%
|
198
+1%
|
204
+3%
|
210
+3%
|
210
0%
|
209
0%
|
213
+2%
|
211
-1%
|
222
+5%
|
235
+6%
|
242
+3%
|
246
+1%
|
236
-4%
|
224
-5%
|
215
-4%
|
220
+2%
|
231
+5%
|
246
+6%
|
258
+5%
|
264
+2%
|
270
+2%
|
270
+0%
|
273
+1%
|
276
+1%
|
275
0%
|
277
+1%
|
278
+0%
|
279
+0%
|
289
+4%
|
290
+0%
|
288
-1%
|
285
-1%
|
271
-5%
|
267
-2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(41)
|
(43)
|
(52)
|
(61)
|
(65)
|
(70)
|
(73)
|
(73)
|
(75)
|
(77)
|
(80)
|
(83)
|
(84)
|
(84)
|
(84)
|
(85)
|
(86)
|
(85)
|
(84)
|
(82)
|
(83)
|
(84)
|
(85)
|
(87)
|
(88)
|
(89)
|
(90)
|
(98)
|
(101)
|
(105)
|
(121)
|
(130)
|
(128)
|
(130)
|
(118)
|
(108)
|
(116)
|
(121)
|
(129)
|
(134)
|
(134)
|
(135)
|
(135)
|
(136)
|
(140)
|
(146)
|
(149)
|
(154)
|
(156)
|
(156)
|
(157)
|
(157)
|
(155)
|
(155)
|
(156)
|
(157)
|
(161)
|
(161)
|
(162)
|
(164)
|
(162)
|
(165)
|
|
| Selling, General & Administrative |
(7)
|
(9)
|
(10)
|
(13)
|
(15)
|
(14)
|
(14)
|
(14)
|
(15)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(21)
|
(20)
|
(20)
|
(19)
|
(17)
|
(18)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(22)
|
(23)
|
(23)
|
(24)
|
(25)
|
(25)
|
(26)
|
(26)
|
(26)
|
(27)
|
(27)
|
(27)
|
(27)
|
(30)
|
(30)
|
(31)
|
(32)
|
(32)
|
(34)
|
(35)
|
(36)
|
(36)
|
(36)
|
(36)
|
(36)
|
(35)
|
(36)
|
(36)
|
(36)
|
(38)
|
|
| Depreciation & Amortization |
(34)
|
(34)
|
(41)
|
(48)
|
(50)
|
(56)
|
(59)
|
(59)
|
(61)
|
(62)
|
(64)
|
(67)
|
(67)
|
(67)
|
(66)
|
(67)
|
(67)
|
(67)
|
(65)
|
(63)
|
(62)
|
(63)
|
(66)
|
(68)
|
(70)
|
(71)
|
(72)
|
(78)
|
(82)
|
(83)
|
(99)
|
(107)
|
(106)
|
(107)
|
(95)
|
(84)
|
(91)
|
(96)
|
(103)
|
(107)
|
(107)
|
(108)
|
(108)
|
(109)
|
(113)
|
(116)
|
(119)
|
(123)
|
(124)
|
(123)
|
(123)
|
(122)
|
(120)
|
(120)
|
(120)
|
(121)
|
(125)
|
(125)
|
(126)
|
(128)
|
(126)
|
(127)
|
|
| Operating Income |
46
N/A
|
42
-8%
|
48
+13%
|
50
+5%
|
52
+4%
|
56
+8%
|
58
+3%
|
61
+6%
|
66
+8%
|
72
+9%
|
75
+4%
|
78
+4%
|
81
+4%
|
81
+0%
|
82
+1%
|
80
-2%
|
82
+2%
|
84
+3%
|
86
+3%
|
92
+7%
|
93
+1%
|
94
+2%
|
95
+0%
|
95
+0%
|
97
+2%
|
98
+1%
|
98
0%
|
94
-4%
|
95
+1%
|
94
-1%
|
83
-11%
|
80
-3%
|
81
+1%
|
80
-2%
|
95
+20%
|
103
+8%
|
106
+3%
|
114
+7%
|
114
N/A
|
112
-1%
|
102
-9%
|
89
-13%
|
80
-10%
|
83
+4%
|
91
+9%
|
100
+10%
|
108
+8%
|
110
+2%
|
113
+3%
|
115
+1%
|
116
+1%
|
119
+3%
|
119
+0%
|
122
+2%
|
123
+1%
|
122
-1%
|
129
+6%
|
129
+1%
|
126
-2%
|
121
-4%
|
108
-11%
|
101
-6%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(45)
|
(48)
|
(47)
|
(52)
|
(53)
|
(53)
|
(55)
|
(56)
|
(56)
|
(57)
|
(58)
|
(59)
|
(59)
|
(58)
|
(57)
|
(55)
|
(54)
|
(53)
|
(51)
|
(49)
|
(47)
|
(47)
|
(48)
|
(50)
|
(52)
|
(52)
|
(52)
|
(52)
|
(52)
|
(53)
|
(54)
|
(54)
|
(53)
|
(52)
|
(52)
|
(52)
|
(53)
|
(53)
|
(53)
|
(54)
|
(53)
|
(53)
|
(54)
|
(55)
|
(57)
|
(58)
|
(59)
|
(59)
|
(58)
|
(58)
|
(59)
|
(60)
|
(61)
|
(63)
|
(63)
|
(62)
|
(63)
|
(65)
|
(67)
|
(71)
|
(73)
|
(74)
|
|
| Non-Reccuring Items |
4
|
4
|
25
|
20
|
21
|
20
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
44
|
44
|
44
|
44
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(1)
|
3
|
(11)
|
(10)
|
(10)
|
(10)
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
0
|
0
|
0
|
(1)
|
(1)
|
(0)
|
7
|
7
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
6
|
6
|
6
|
5
|
9
|
9
|
9
|
9
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
5
N/A
|
2
-67%
|
15
+819%
|
9
-39%
|
10
+12%
|
14
+36%
|
3
-76%
|
6
+73%
|
10
+72%
|
14
+42%
|
16
+16%
|
18
+14%
|
21
+13%
|
23
+10%
|
25
+8%
|
25
+3%
|
28
+11%
|
31
+11%
|
36
+15%
|
43
+19%
|
53
+23%
|
54
+2%
|
53
-1%
|
52
-3%
|
45
-14%
|
46
+2%
|
45
-1%
|
42
-7%
|
43
+1%
|
40
-6%
|
29
-27%
|
26
-11%
|
28
+7%
|
27
-2%
|
43
+58%
|
51
+17%
|
53
+4%
|
60
+14%
|
60
+0%
|
58
-3%
|
48
-17%
|
36
-26%
|
22
-39%
|
24
+8%
|
30
+27%
|
37
+22%
|
48
+32%
|
51
+4%
|
54
+7%
|
56
+4%
|
63
+13%
|
65
+3%
|
64
-2%
|
65
+2%
|
69
+6%
|
69
0%
|
75
+9%
|
73
-3%
|
102
+40%
|
94
-8%
|
79
-16%
|
71
-9%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
5
|
2
|
15
|
9
|
10
|
14
|
3
|
6
|
10
|
14
|
16
|
18
|
21
|
23
|
25
|
25
|
28
|
31
|
36
|
43
|
53
|
54
|
53
|
52
|
45
|
46
|
45
|
42
|
43
|
40
|
29
|
26
|
28
|
27
|
43
|
51
|
53
|
60
|
60
|
58
|
48
|
36
|
22
|
24
|
30
|
37
|
48
|
51
|
54
|
56
|
63
|
65
|
64
|
65
|
69
|
69
|
75
|
73
|
102
|
94
|
79
|
71
|
|
| Income to Minority Interest |
2
|
2
|
4
|
4
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(7)
|
(11)
|
(14)
|
(13)
|
(13)
|
(10)
|
(8)
|
(5)
|
(5)
|
(6)
|
(8)
|
(10)
|
(11)
|
(11)
|
(12)
|
(13)
|
(14)
|
(13)
|
(14)
|
(14)
|
(14)
|
(16)
|
(15)
|
(21)
|
(20)
|
(16)
|
(15)
|
|
| Net Income (Common) |
0
N/A
|
0
N/A
|
(1)
N/A
|
(0)
+57%
|
3
N/A
|
3
+12%
|
6
+90%
|
7
+27%
|
7
-4%
|
35
+421%
|
36
+4%
|
38
+4%
|
39
+4%
|
15
-61%
|
17
+9%
|
17
+4%
|
19
+13%
|
22
+12%
|
25
+15%
|
30
+20%
|
37
+24%
|
39
+3%
|
38
-1%
|
37
-3%
|
32
-14%
|
33
+2%
|
32
-1%
|
30
-6%
|
31
+2%
|
29
-6%
|
21
-27%
|
19
-11%
|
20
+7%
|
20
-2%
|
31
+59%
|
37
+19%
|
40
+7%
|
46
+15%
|
47
+2%
|
46
-3%
|
38
-17%
|
28
-26%
|
17
-39%
|
18
+7%
|
23
+28%
|
28
+23%
|
38
+32%
|
39
+5%
|
42
+7%
|
44
+4%
|
49
+13%
|
51
+3%
|
50
-2%
|
50
+2%
|
54
+6%
|
53
0%
|
58
+9%
|
57
-3%
|
80
+41%
|
74
-8%
|
61
-16%
|
56
-9%
|
|
| EPS (Diluted) |
0
N/A
|
-0.01
N/A
|
-0.04
-300%
|
0
N/A
|
0.06
N/A
|
0.07
+17%
|
0.09
+29%
|
0.12
+33%
|
0.13
+8%
|
0.9
+592%
|
0.63
-30%
|
0.65
+3%
|
0.67
+3%
|
0.26
-61%
|
0.28
+8%
|
0.28
N/A
|
0.32
+14%
|
0.36
+12%
|
0.4
+11%
|
0.48
+20%
|
0.59
+23%
|
0.61
+3%
|
0.6
-2%
|
0.58
-3%
|
0.5
-14%
|
0.51
+2%
|
0.5
-2%
|
0.47
-6%
|
0.48
+2%
|
0.45
-6%
|
0.45
N/A
|
0.29
-36%
|
0.31
+7%
|
0.3
-3%
|
0.48
+60%
|
0.55
+15%
|
0.52
-5%
|
0.64
+23%
|
0.61
-5%
|
0.59
-3%
|
0.49
-17%
|
0.36
-27%
|
0.22
-39%
|
0.23
+5%
|
0.3
+30%
|
0.37
+23%
|
0.49
+32%
|
0.51
+4%
|
0.55
+8%
|
0.57
+4%
|
0.64
+12%
|
0.66
+3%
|
0.64
-3%
|
0.65
+2%
|
0.69
+6%
|
0.69
N/A
|
0.96
+39%
|
0.74
-23%
|
1.04
+41%
|
0.95
-9%
|
0.8
-16%
|
0.72
-10%
|
|