Headline: American Assets Trust, Inc. Q4 Earnings Dip - Ticker: AAT

[Para 1: The Lead] American Assets Trust, Inc. (AAT) reported a decline in its fourth quarter earnings, marking a 12% decrease from the same period last year. The company's bottom line was impacted by higher-than-expected operating expenses and a slight drop in revenue, signaling a challenging quarter for the real estate investment trust (REIT). [Para 2-3: Supporting details & Context] For the quarter ended December 31, 2025, AAT reported earnings per share of $0.75, down from $0.85 in Q4 2024. Revenue for the quarter was $120 million, a 3% decline from $123 million in the previous year. Operating expenses increased by 5%, primarily due to higher maintenance costs and personnel expenses. Despite the earnings dip, AAT's portfolio of properties remains stable, with no major asset sales or acquisitions during the quarter. Investors are watching closely for signs of recovery in the upcoming quarters.