American Assets Trust Reports Q3 2026 Earnings Growth and Raises Full-Year FFO Guidance
American Assets Trust (AAT) reported strong third-quarter 2026 results, highlighted by a Funds From Operations (FFO) of $0.56 per diluted share, a $0.05 increase over the previous quarter. The company's Same-Store Cash NOI rose 8.3% year-over-year, bolstered by property tax refunds and the collection of previously reserved receivables. Consequently, management raised its full-year FFO guidance to a range of $2.04 to $2.10 per diluted share. Operational metrics showed improvement across key sectors: office occupancy rose to 85.8%, retail remained high at 98.3%, and multifamily occupancy reached 94.2% with record rental rates. Despite these gains, the company faces upcoming headwinds including rising borrowing costs as debt matures and a significant vacancy expected in its Portland portfolio following the departure of Genentech.
Tickers: $AAT
Topics: FFO Guidance Leasing Activity Occupancy Rates Same-Store Cash NOI