It was in July 2010 that the company got incorporated and its history goes back to more than 40 years ago with the creation of American Assets, Inc. It conducts its trade in some of the most dynamic, high-barrier-to-entry markets in the country. It focuses on the markets of Oregon, Northern and Southern California, Hawaii and in Washington. Its portfolio is comprised of a combination of residential, office and retail properties. Its operations are divided into four reporting segments, which represent the type of properties it operates: office, retail, multi-family and mixed use.
The retail segment of the business is comprised of storage space rental, tenant reimbursements and parking space rental. This segment generates 37% of the entire revenue of the business. This segment also includes retail shopping centers. The office properties of the business include establishments like Solana Beach Corporate Center, Torrey Reserve Campus and City Center Bellevue. There are seven office properties that are owned and operated by American Assets Trust, Inc. The multi-family segment of the company is the smallest of its operations in terms of revenue. It generates 6.5% of the total sales of business and is comprised of three apartment properties. About 20.9% of the company’s revenue is coming from its mixed-use property, which is represented by a 369-room-all-suite hotel and a retail shopping center.
American Assets Trust, Inc. is listed as one of the components of the Wilshire 5000 Index. It markets its common shares publicly on the New York Stock Exchange. Common stocks are traded using the ticker symbol AAT.