American Assets Trust Kicks Off 2026 with Strong Leasing, Upsized Credit Line

American Assets Trust starts 2026 strong with impressive leasing and balance sheet improvements. Their portfolio shows solid leasing, with office spaces at 84.5% and retail at 98% leased. Multifamily occupancy reached 96%. They boosted their balance sheet by upsizing their revolving credit line to $500 million and extending maturities. Tenants are holding up well, and office leasing saw a cash spread of 4.8%. The board approved a quarterly dividend of $0.34 per share, with full-year FFO guidance at $1.96 to $2.10 per share. The pipeline is buzzing with signed deals and proposals, setting them up for cash flow growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/99e4362266366455