American Assets Trust LP, founded in 2011 and headquartered in San Diego, California, is a real estate investment trust (REIT) focused on acquiring, owning, and operating high-quality commercial properties in key coastal markets. The company specializes in retail and mixed-use properties, offering a balanced portfolio aimed at providing sustainable income and capital appreciation for its investors.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| AAT 3.38% 2031-02-01 USDAmerican Assets Trust LP | United States | 2031-02-01 | 3.375 | 5.43 |
| AAT 6.15% 2034-10-01 USDAmerican Assets Trust LP | United States | 2034-10-01 | 6.150 | 5.89 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, American Assets Trust has tapped into the bond market to optimize its capital structure, with its first bond issuance occurring in 2018. Notably, the company issued $300 million in senior unsecured notes in 2021, aimed at refinancing existing debt and enhancing liquidity. As of 2023, their bonds yield approximately 4.5%, aligning closely with industry averages while providing investors with the added security of investment-grade ratings. The bonds come with features such as call options, allowing the company flexibility in managing its debt in changing interest rate environments.