SCHEDULE 13G: Senvest Management Discloses 5.1% Stake in American Assets Trust

Senvest Management, LLC and Richard Mashaal have reported a 5.1% beneficial ownership stake in American Assets Trust, Inc., totaling 3,088,587 shares.

Summary

• Senvest Management, LLC and Richard Mashaal are the reporting persons.
• The filing concerns American Assets Trust, Inc.'s Common Stock, par value $0.01 per share, with CUSIP 024013104.
• A total of 3,088,587 shares are beneficially owned by the reporting persons.
• This represents 5.1% of the class of American Assets Trust, Inc.'s Common Stock outstanding.
• The shares are held in the account of Senvest Master Fund, LP.
• Senvest Management, LLC acts as the investment manager of the Investment Vehicle, and Richard Mashaal is the managing member of Senvest Management, LLC.
• Both reporting persons have shared voting power and shared dispositive power over the 3,088,587 shares.
• The percentage of class is calculated based on 61,152,542 shares outstanding as of October 31, 2025, as reported in the Company's Form 10-Q.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance metrics, strategic updates, or forward-looking statements about the issuer's operations.

Positives

• Disclosure of a significant 5.1% stake by Senvest Management, LLC, a notable investment firm, in American Assets Trust, Inc.

Future Outlook

NA

Management Comments

• Securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of American Assets Trust, Inc., and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing represents a standard disclosure of a significant passive investment by an institutional asset manager in a publicly traded real estate investment trust (REIT). Such disclosures are common and indicate institutional interest in the issuer's sector and specific assets.

Stakeholder Impact

• Shareholders of American Assets Trust, Inc. are informed of a significant institutional investment by Senvest Management, LLC and Richard Mashaal, holding 5.1% of the common stock.

Next Steps

• Subsequent amendments to this Schedule 13G will be filed on behalf of each undersigned reporting person.

Key Dates

Keywords

American Assets Trust, AAT, Senvest Management, Richard Mashaal, Schedule 13G, beneficial ownership, common stock, investment, real estate