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[BUSINESS] · Canada, United States · 3 sources

Aecon Group and American Assets Trust Report Q2 2026 Earnings

Aecon Group Inc. announced that second‑quarter 2026 revenue rose 25% year‑over‑year to C$1.631 billion, with operating profit increasing to C$36.4 million and adjusted EBITDA reaching C$82.4 million. The company highlighted a backlog of about C$10.5 billion and noted recent contract awards, including a development partnership with Metrolinx for the Hamilton Light Rail Transit project and the completion of the Gordie Howe International Bridge linking Windsor, Ontario and Detroit, Michigan.

American Assets Trust, Inc. reported net income of $5.2 million for the quarter and funds‑from‑operations of $0.51 per diluted share. The REIT achieved record average rental rates across office, retail and multifamily assets, leasing 110,000 sq ft of office space and 139,000 sq ft of retail space. In April 2026 the company amended its credit facility, raising total borrowing capacity to $600 million, comprising a $500 million revolving line of credit and a $100 million term loan.

Entities: Aecon Group Inc. · American Assets Trust, Inc. · Gordie Howe International Bridge · Jean‑Louis Servranckx · Metrolinx

Sources

7 days ago