American Assets Trust, Inc.

American Assets Trust, Inc.

AAT
American Assets Trust, Inc.US flagNew York Stock Exchange
24.30
USD
+0.06
- -
1.49BMarket Cap
American Assets Trust, Inc.
AAT
(New York Stock Exchange)

Recent

price

24.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.36
5.52
6.08
6.45
6.18
6.2
6.51
6.74
7.05
6.78
5.76
6.26
7.04
7.33
7.59
7.2
7.23
Revenue per Share
- -
0.13
1.33
0.57
0.74
1.21
1.01
0.86
0.58
1.11
0.6
0.61
0.93
1.08
1.21
1.18
0.4
Basic EPS, GAAP
0.44
-4.52
1.96
2.35
2.51
2.49
2.66
3.12
2.91
2.84
2.12
2.81
2.98
3.14
3.43
2.76
2.79
Free Cash Flow per Basic Share
- -
1.26
1.25
1.25
1.29
1.34
1.41
1.45
1.5
1.49
1.28
1.48
1.64
1.69
1.71
1.74
1.74
Dividend per Share
- -
-0.75
-0.65
-1.1
-1.42
-1.43
-1.7
-2.07
-2.73
-2.66
-2.94
-3.62
-4.17
-4.65
-5.03
-5.46
-5.71
Book Value per Share
4.43
18.5
16.5
16.54
17.66
18.24
18.23
17.86
16.88
23.27
20.47
19.64
19.31
18.84
18.38
17.83
17.53
Tangible Book Value per Share
35
37
39
40
42
44
45
47
47
54
60
60
60
60
60
61
61
Basic Weighted Avg Shares
118
203
235
255
260
276
295
315
331
367
345
376
423
441
458
436
438
Sales/Revenue/Turnover
36.03
27.78
30.54
31.8
32.18
34.16
33.19
29.73
24.04
31
25.71
26.57
27.15
27.6
28.22
23.26
22.77
Operating Margin (%)
34
56
62
67
67
63
71
83
107
96
108
116
123
120
125
127
129
Depreciation Expense
- -
5
52
23
31
54
46
40
27
60
36
37
56
65
73
71
24
Net Income, GAAP
- -
5.73
6.79
2.78
1.46
0.54
1.23
0.53
1.19
1.34
- -
1.98
1.5
1.58
1.2
1.07
1.86
Effective Tax Rate (%)
- -
2.36
21.91
8.86
11.98
19.56
15.47
12.74
8.22
16.41
10.33
9.74
13.22
14.66
15.9
16.36
5.48
Profit Margin (%)
75
61
19
-75
15
-15
1
50
-64
76
30
136
14
153
497
113
102
Working Capital
872
912
1,045
952
1,063
1,026
1,042
1,325
1,228
1,363
1,338
1,677
1,640
1,713
2,031
1,706
1,706
LT Debt
155
680
686
687
767
829
839
844
802
1,294
1,253
1,210
1,186
1,154
1,124
1,091
1,073
Total Equity
4.37
4.06
4.03
4.55
4.63
5.04
5.11
4.58
3.69
4.72
- -
3.52
3.94
4.19
4.24
3.37
3.47
Return on Invested Capital (%)
4.87
4.52
10.48
7.5
7.13
8.32
8.24
7.34
5.94
8.39
- -
7.03
8.04
9.25
9.56
9.94
7.6
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
1,687
1,688
1,688
LT Finance Leases
19
19
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
61
61
61
Market Capitalization
1,229
1,146
1,116

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
232
221
209
Cash, Cash Equivalents & STI
139
129
118
Accounts Receivable, Net
8
7
7
Inventories
- -
- -
- -
Total Current Liabilities
106
109
107
Payables & Accruals
79
81
79
ST Debt
- -
- -
- -
Deferred Revenue
27
28
28

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.13%
-2.73%
-2.95%
Free Cash Flow
5.37%
6.95%
-19.31%
Net Income, GAAP
10.26%
16.37%
-1.99%
Sales/Revenue/Turnover
4.86%
4.99%
-4.73%
Total Cash Common Dividend
6.06%
6.74%
1.82%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
111
111
123
113
458
2025
109
108
110
110
436
2026
111
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.41
0.25
0.35
0.19
1.21
2025
0.89
0.12
0.1
0.07
1.18
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.43
0.43
0.43
0.43
1.71
2025
0.43
0.43
0.43
0.44
1.74
2026
0.43
- -
- -
- -
- -
Business
American Assets Trust, Inc. is a full-service, vertically integrated, and self-administered real estate investment trust (REIT) headquartered in San Diego, California. Founded in 1967, the company owns, acquires, develops, and manages office, retail, multifamily, and mixed-use properties primarily in Southern California, Northern California, Washington, Oregon, Texas, and Hawaii. Its portfolio includes approximately 4.1 million rentable square feet of office space, 3.1 million rentable square feet of retail space, a mixed-use property featuring roughly 94,000 rentable square feet of retail space along with a 369-room all-suite hotel, and 2,110 multifamily residential units. American Assets Trust operates through four main business segments: retail, office, multifamily, and mixed-use properties, targeting high-barrier-to-entry markets in dynamic urban and suburban submarkets across the United States. The company’s core product offerings encompass leasing and management services for its diversified property portfolio, with strategic focus on enhancing asset value through redevelopment, re-tenanting, and operational efficiencies. Recent major company developments include the divestiture of Del Monte Center as part of a strategy to concentrate on markets with better operational efficiencies and the acquisition of a multifamily property aimed at capturing upside potential from below-market rents. In 2024, the company achieved record overall revenue and reported its highest funds from operations (FFO) per share since its IPO, reflecting strong leasing performance with retail properties reaching a 95% occupancy rate and office properties maintaining a healthy leasing pipeline despite limited large tenant activity. Additionally, American Assets Trust completed a $525 million offering of senior unsecured notes to refinance existing debt and support general corporate purposes, thereby improving liquidity and financial flexibility. The company also reported increased leasing activity in its retail and multifamily segments, contributing to growth in same-store net operating income and rental rates. American Assets Trust’s strategic emphasis is on maintaining a robust, high-quality portfolio in resilient growth markets with a balanced mix of property types, leveraging its over 55 years of experience in the real estate sector to create long-term value for shareholders. The company continues to focus on disciplined acquisitions, property developments, and lease renewals to drive growth and strengthen its market position across multiple regions in the United States. Its operational strategy includes active asset management, selective divestitures, and targeted investments in multifamily and mixed-use developments to optimize portfolio performance and capitalize on emerging market opportunities. American Assets Trust remains committed to sustainable growth and operational excellence within the REIT industry.

Company News

APIChatGPT
  • Are Finance Stocks Lagging American Assets Trust (AAT) This Year?

  • Bessemer Group Inc. Purchases 88,533 Shares of American Assets Trust, Inc. $AAT

  • 3 Retail REITs Poised to Benefit From Leasing Strength and Low Supply

  • American Assets Trust, Inc. Announces Second Quarter 2026 Earnings Release Date and Conference Call Information

  • American Assets Trust, Inc. Announces Second Quarter 2026 Earnings Release Date and Conference Call Information

  • American Assets Trust's Executive Chairman Bought 10,000 Company Shares. Here's What That Means for Investors.

  • 4 High Yield Stocks Getting Snapped Up By Their Own Execs

  • American Assets Trust: High Yield Isn't Enough To Justify The Valuation

  • Executive Chairman Buys 10,000 Shares of American Assets Trust Near 18-Month High Price

  • Is American Assets Trust a Buy After the Executive Chairman Purchased 10,000 Shares?

  • A Look at American Assets Trust Inc (AAT) After 3.7% Gain -- GF Value $20.60 vs Price $23.37

  • American Assets Trust, Inc. (AAT) Q1 2026 Earnings Call Transcript

  • American Assets Trust (AAT) Reports Q1 Earnings: What Key Metrics Have to Say

  • American Assets Trust (AAT) Matches Q1 FFO Estimates

  • American Assets Trust, Inc. Reports First Quarter 2026 Financial Results

  • Brixmor Property (BRX) Surpasses Q1 FFO and Revenue Estimates

  • American Assets Trust (NYSE:AAT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

  • When No One Shows Up, Opportunity Does: The Office REIT Reset

  • Is American Assets Trust (AAT) Stock Outpacing Its Finance Peers This Year?

  • Payrolls Pacify Stagflation Scare