American Assets Trust, Inc. (AAT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the American Assets Trust, Inc. Second Quarter twenty twenty six Earnings Call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. I would now like to turn the call over to Meliana Leverton, Associate General Counsel of American Assets Trust. Please go ahead. Thank you, and good morning. The statements made on this earnings call include forward looking statements based on current expectations, which statements are subject to risks and uncertainties discussed in the company's filings with the SEC. You are cautioned not to place undue reliance on these forward looking statements as actual events could cause the company's results to differ materially from these forward looking statements. Yesterday afternoon, American Assets Trust earnings release and supplemental furnished to the SEC on Form eight ks. Both are now available on the Investors section of its website, americanassetstrust.com. It is now my pleasure to turn the call over to Adam Weil, President and CEO of American Assets Trust. Good morning, everyone, and thank you for joining us today. At American Assets Trust, we manage our business with patience, discipline and a long term focus regardless of where we are in the economic cycle, letting the quality of our assets and our platform do the heavy lifting. That consistency has served us well through the first half of twenty twenty six, even as economic conditions and capital markets are still uneven. For the second quarter, we generated $0.51 of FFO per diluted share, ahead of our internal expectations. Portfolio wide same store cash NOI increased 0.3% or 1.3% excluding a one time reserve for an office tenant receivable. At mid yea...