AAT: the balance sheet

MyFinsight

For the year ending 2025-12-31, AAT has $2,921,276K in assets. $1,830,071K in debts. $129,362K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Operating real estate	3,694,203
Construction in progress	68,937
Held for development	487
Total real estate, at cost	3,763,627
Accumulated depreciation	1,144,259
Net real estate	2,619,368
Cash and cash equivalents	129,362
Accounts receivable, net	7,407
Deferred rent receivables, net	84,642
Other assets, net	80,497
Real estate assets held for sale	0
Total assets	2,921,276

Secured notes payable, net	74,849
Unsecured notes payable, net	1,612,761
Accounts payable and accrued expenses	71,094
Security deposits payable	10,063
Acquired below market leases, net	10,923
Prepaid rent and deferred revenue	20,670
Straight-line rent liability	6,880
Deferred compensation	3,380
Deferred tax liability	638
Lease liability	18,774
Other liabilities	39
Other liabilities and deferred credits	61,304
Liabilities related to real estate assets held for sale	0
Total liabilities	1,830,071
Common stock, 0.01 par value, 490,000,000 shares authorized, 61,390,936 and 61,138,238 shares issued and outstanding at december31, 2025 and december31, 2024, respectively	614
Additional paid-in capital	1,479,870
Accumulated dividends in excess of net income	-331,086
Accumulated other comprehensive income	1,419
Total american assets trust, inc. stockholders' equity	1,150,817
Noncontrolling interests	-59,612
Total equity	1,091,205
Total liabilities and equity	2,921,276

Unit: Thousand (K) dollars