American Assets Trust, Inc.

Real estate trust owning West Coast offices, shops, apartments and a hotel

What American Assets Trust does

American Assets Trust owns and manages office buildings, shopping centers, apartment communities and a mixed-use property with a hotel. Its properties are mostly in Southern and Northern California, Washington, Oregon, Texas and Hawaii, in markets where new building is hard. It buys, improves, develops and runs these properties itself.

How American Assets Trust makes money

It earns most of its revenue from rent paid by office, retail and apartment tenants, plus room and related income from its all-suite hotel. As a REIT, it pays out most of its taxable income to shareholders as dividends.

Products & services

• Office properties (~4.3M rentable sq ft)
• Retail shopping centers (~2.4M rentable sq ft)
• Multifamily apartments (2,302 units)
• Mixed-use property with 369-room all-suite hotel
• Property acquisition, development and management