American Assets Trust (American Assets Trust) Interest Expense : $-65.2 Mil (TTM As of Dec. 2023)

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What is American Assets Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Assets Trust's interest expense for the three months ended in Dec. 2023 was $ -16.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-65.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. American Assets Trust's Operating Income for the three months ended in Dec. 2023 was $ 29.4 Mil. American Assets Trust's Interest Expense for the three months ended in Dec. 2023 was $ -16.3 Mil. American Assets Trust's Interest Coverage for the quarter that ended in Dec. 2023 was 1.81. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

American Assets Trust Interest Expense Historical Data

The historical data trend for American Assets Trust's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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American Assets Trust Interest Expense Chart

American Assets Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-54.01

-53.44

-58.59

-58.23

-64.71

American Assets Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-15.73	-16.37	-16.33	-16.28	-16.26

American Assets Trust Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-65.2 Mil.

American Assets Trust (NYSE:AAT) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

American Assets Trust's Interest Expense for the three months ended in Dec. 2023 was $-16.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $29.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,712.9 Mil.

American Assets Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	29.399	/	-16.284
	=	1.81

The higher the ratio, the stronger the company's financial strength is.

American Assets Trust (American Assets Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Assets Trust Inc (NYSE:AAT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3420 Carmel Mountain Road, Suite 100, San Diego, CA, USA, 92121

Website

https://www.americanassetstrust.com

American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are primarily located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.

Executives

Ernest S Rady	director, 10 percent owner, officer: Executive Chairman	23 PASTEUR ROAD, C/O WESTCORP, IRVINE CA 92618
Nina A Tran	director	C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Adam Wyll	officer: Senior VP, Gen Counsel and Sec	11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Robert F. Barton	officer: Executive Vice President & CFO	11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Joy L. Schaefer	director	30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Duane Nelles	director	23 PASTEUR ROAD, IRVINE CA 92618
Jerry Gammieri	officer: V. P. Construction and Devlp	11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Patrick Kinney	officer: Senior VP of Real Estate Ops	11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
John W. Chamberlain	director, officer: CEO and President	11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
American Assets Inc	10 percent owner	3430 CARMEL MOUNTAIN ROAD, SUITE 150, SAN DIEGO CA 92121
Alan D Gold	director	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Larry E Finger	director	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Thomas S Olinger	director	C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Robert S Sullivan	director	P O BOX 1637, HOUSTON TX 77251
Lange Edward F Jr	director	405 PARK AVENUE, NEW YORK NY 10022