VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesMarketEarningsCompareWatchlistInsider
AATAmerican Assets Trust, Inc.
$24.05$1.5B
Research
Overview
Valuation
ValuationTargetsPrice
Financials
RevenueEarningsP/ERatiosDividend
Ownership
Holders
Tools
Total ReturnDCA Calculator
← Back to Screener
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Data updated daily

Product

  • Screener
  • Themes
  • Valuation
  • Total Return
  • DCA Calculator
  • News
  • Earnings

Resources

  • Market Valuation
  • Compare
  • Insider Activity
  • Methodology
  • How It Works
  • Glossary
  • Learn

Get Ideas

Get weekly stock ideas — free

Follow VCP Scanner on XFollow VCP Scanner on LinkedIn
© 2026 VCP Scanner
AboutPrivacyTerms
Not financial advice. Do your own research.
ScreenerNewsCompareWatchlist

AAT logoAmerican Assets Trust, Inc.(AAT)Earnings, Financials & Key Ratios

AAT•NYSE•REIT / Real Estate
26.1× P/E·Price updated Jun 19, 2026
SectorReal EstateIndustryDiversified REITsSub-IndustryDiversified Multi-Property Equity REITs
AboutAmerican Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The company's office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet. In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.Show more
  • Revenue$436M-4.7%
  • FFO$199M+0.2%
  • FFO/Share2.59
  • FFO Payout52.98%+1.6%
  • FFO per Share2.59
  • NOI Margin61.12%-3.5%
  • FFO Margin45.55%+5.2%
  • ROE6.44%+0.8%
  • ROA2.3%-1.0%

AAT Key Insights

American Assets Trust, Inc. (AAT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Sustainable FFO payout ratio of 53.0%
  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓High NOI margin of 61.1%
  • ✓Healthy dividend yield of 5.7%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Get notified when AAT posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

Free. Unsubscribe any time.

AAT Price & Volume

American Assets Trust, Inc. (AAT) stock price & volume — 10-year historical chart

Loading chart...

AAT Growth Metrics

American Assets Trust, Inc. (AAT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.7%
5 Years4.83%
3 Years1.06%
TTM-4.73%

Profit CAGR

10 Years2.84%
5 Years14.93%
3 Years8.5%
TTM-1.99%

EPS CAGR

10 Years0.68%
5 Years14.87%
3 Years8.51%
TTM-4.01%

Return on Capital

10 Years4.24%
5 Years4.2%
3 Years4.46%
Last Year4.88%

AAT Recent Earnings

American Assets Trust, Inc. (AAT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 28, 2026
Metric
Actual
Est
EPS
$0.51+0.0%
$0.51
Rev
$111M+0.7%
$110M
Q1 2026
Feb 3, 2026
Metric
Actual
Est
EPS
$0.47-2.1%
$0.48
Rev
$110M+1.3%
$109M
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$0.49+0.0%
$0.49
Rev
$110M+2.5%
$107M
Q3 2025
Jul 29, 2025
Metric
Actual
Est
EPS
$0.52+6.1%
$0.49
Rev
$108M-1.4%
$109M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$0.51vs $0.51+0.0%
$111Mvs $110M+0.7%
Q1 2026Feb 3, 2026
$0.47vs $0.48-2.1%
$110Mvs $109M+1.3%
Q4 2025Oct 28, 2025
$0.49vs $0.49+0.0%
$110Mvs $107M+2.5%
Q3 2025Jul 29, 2025
$0.52vs $0.49+6.1%
$108Mvs $109M-1.4%
Based on last 12 quarters of dataView full earnings history →

AAT Peer Comparison

American Assets Trust, Inc. (AAT) competitors in Diversified Multi-Property Equity REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ESRT logoESRTEmpire State Realty Trust, Inc.Direct Competitor891.25M5.2429.110.67%6.2%2.65%1.34
UE logoUEUrban Edge PropertiesDirect Competitor2.81B22.2730.096.06%22.2%7.8%1.21
PECO logoPECOPhillips Edison & Company, Inc.Direct Competitor5.13B40.6945.7210.72%15.61%4.46%0.96
WHLR logoWHLRWheeler Real Estate Investment Trust, Inc.Direct Competitor1.26M3.47-0.00-4.9%5.9%6.31%5.11
NXRT logoNXRTNexPoint Residential Trust, Inc.Direct Competitor684.45M26.97-21.40-3.24%-12.67%-10.13%5.18
REG logoREGRegency Centers CorporationProduct Competitor14.08B76.8827.263.39%37.4%9%0.83
KIM logoKIMKimco Realty CorporationProduct Competitor16.44B24.3829.375.06%28.51%5.81%0.82
BXP logoBXPBXP, Inc.Product Competitor10.27B64.7037.182.19%7.95%3.58%2.26

Compare AAT vs Peers

American Assets Trust, Inc. (AAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ESRT

Most directly comparable listed peer for AAT.

Scale Benchmark

vs O

Larger-name benchmark to compare AAT against a more recognizable public peer.

Peer Set

Compare Top 5

vs ESRT, UE, PECO, WHLR

AAT Income Statement

American Assets Trust, Inc. (AAT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue
314.98M330.87M366.74M344.57M375.83M422.65M441.16M457.85M436.2M
Revenue Growth %
6.74%5.04%10.84%-6.04%9.07%12.46%4.38%3.78%-4.73%
Property Operating Expenses
116.68M121.45M131.98M121.12M129.77M152.43M163.96M167.73M169.59M
Net Operating Income (NOI)
198.31M▲ 0%
209.41M▲ 5.6%
234.76M▲ 12.1%
223.45M▼ 4.8%
246.05M▲ 10.1%
270.21M▲ 9.8%
277.21M▲ 2.6%
290.13M▲ 4.7%
266.61M▼ 8.1%
NOI Margin %
62.96%63.29%64.01%64.85%65.47%63.93%62.84%63.37%61.12%
Operating Expenses
104.66M129.88M121.08M134.87M146.19M155.48M155.46M160.93M120.68M
G&A Expenses
23.43M24.89M24.87M26.58M29.88M32.14M35.96M35.47M37.84M
EBITDA
398.99M417.35M209.89M196.87M216.18M238.07M241.25M254.66M273.24M
EBITDA Margin %
126.67%126.14%57.23%57.14%57.52%56.33%54.68%55.62%62.64%
Depreciation & Amortization
305.34M337.81M96.2M108.29M116.31M123.34M119.5M125.46M127.31M
D&A / Revenue %
96.94%102.1%26.23%31.43%30.95%29.18%27.09%27.4%29.19%
Operating Income
93.65M▲ 0%
79.53M▼ 15.1%
113.69M▲ 42.9%
88.58M▼ 22.1%
99.87M▲ 12.7%
114.73M▲ 14.9%
121.75M▲ 6.1%
129.2M▲ 6.1%
145.93M▲ 13.0%
Operating Margin %
29.73%24.04%31%25.71%26.57%27.15%27.6%28.22%33.45%
Interest Expense
53.85M52.25M54.01M53.44M58.59M58.23M64.71M74.53M78.12M
Interest Coverage
1.75x1.53x2.13x1.67x1.64x1.97x2.02x1.99x1.92x
Non-Operating Income
-548K-242K-1.33M-438K3.95M-225K-8.69M-19.03M-4.33M
Pretax Income
40.13M▲ 0%
27.2M▼ 32.2%
61.01M▲ 124.3%
35.58M▼ 41.7%
37.33M▲ 4.9%
56.73M▲ 52.0%
65.73M▲ 15.9%
73.7M▲ 12.1%
72.14M▼ 2.1%
Pretax Margin %
12.74%8.22%16.63%10.33%9.93%13.42%14.9%16.1%16.54%
Income Tax
214K327K819K-9K738K850K1.04M886K770K
Effective Tax Rate %
0.53%1.2%1.34%-0.03%1.98%1.5%1.58%1.2%1.07%
Net Income
40.13M▲ 0%
27.2M▼ 32.2%
60.19M▲ 121.3%
35.59M▼ 40.9%
36.59M▲ 2.8%
55.88M▲ 52.7%
64.69M▲ 15.8%
72.82M▲ 12.6%
71.37M▼ 2.0%
Net Margin %
12.74%8.22%16.41%10.33%9.74%13.22%14.66%15.9%16.36%
Net Income Growth %
-12.06%-32.22%121.26%-40.87%2.82%52.7%15.77%12.56%-1.99%
Funds From Operations (FFO)
345.48M▲ 0%
365.02M▲ 5.7%
156.39M▼ 57.2%
143.88M▼ 8.0%
152.9M▲ 6.3%
179.22M▲ 17.2%
184.19M▲ 2.8%
198.28M▲ 7.6%
198.68M▲ 0.2%
FFO Margin %
109.68%110.32%42.64%41.76%40.68%42.4%41.75%43.31%45.55%
FFO Growth %
7.18%5.66%-57.15%-8%6.27%17.21%2.78%7.65%0.2%
FFO per Share
5.395.692.061.892.012.352.412.592.59
FFO Payout Ratio %
19.55%19.24%51.54%53.18%58.17%54.82%55.14%52.13%52.98%
EPS (Diluted)
0.63▲ 0%
0.42▼ 33.3%
0.84▲ 100.0%
0.46▼ 45.2%
0.47▲ 2.2%
0.72▲ 53.2%
0.84▲ 16.7%
0.94▲ 11.9%
0.92▼ 2.1%
EPS Growth %
-12.5%-33.33%100%-45.24%2.17%53.19%16.67%11.9%-2.13%
EPS (Basic)
0.860.420.840.460.470.721.060.940.92
Diluted Shares Outstanding
64.09M64.14M75.94M76.12M76.17M76.23M76.34M76.52M76.74M

AAT Balance Sheet

American Assets Trust, Inc. (AAT) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets
2.26B2.2B2.79B2.82B3.02B2.99B2.98B3.27B2.92B
Asset Growth %
13.74%-2.73%26.93%0.97%7.12%-1%-0.11%9.67%-10.76%
Real Estate & Other Assets
2.13B2.09B2.57B2.53B2.72B2.78B2.69B2.64B2.67B
PP&E (Net)
2.08B2.04B4.86M29.35M26.25M23.92M21.5M18.99M17.25M
Investment Securities
-1000K-1000K0000000
Total Current Assets
101.82M66.56M180.86M227.16M238.83M153.89M251.59M598.14M221.41M
Cash & Equivalents
82.61M47.96M99.3M137.33M139.52M49.57M82.89M425.66M129.36M
Receivables
1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets
9.34M9.32M10.15M1.72M0063.77M77.52M0
Intangible Assets
30.41M38.59M34.3M28.89M31.68M25.8M20.47M15.6M11.7M
Total Liabilities
1.42B1.4B1.5B1.56B1.81B1.8B1.83B2.15B1.83B
Total Debt
1.33B1.29B1.36B1.44B1.68B1.67B1.71B2.03B1.71B
Net Debt
1.24B1.24B1.26B1.3B1.54B1.62B1.63B1.61B1.58B
Long-Term Debt
1.33B1.23B1.36B1.31B1.65B1.61B1.69B2.01B1.69B
Short-Term Borrowings
062.34M099.15M034.06M000
Capital Lease Obligations
-6.57M-71.18M5.38M30.06M27.92M25.68M23.25M20.64M18.77M
Total Current Liabilities
44.64M117.8M104.76M197.57M102.97M139.47M99.04M101.04M108.71M
Accounts Payable
38.07M46.62M62.58M59.26M64.53M65.99M60.96M63.69M71.09M
Deferred Revenue
12.86M19.03M33.87M32.57M30.58M30.72M27.4M25.1M27.55M
Other Liabilities
33.08M30.43M-5.35M-4.46M26.75M22.33M18.3M16.07M14.34M
Total Equity
844.14M▲ 0%
802.47M▼ 4.9%
1.29B▲ 61.2%
1.25B▼ 3.1%
1.21B▼ 3.5%
1.19B▼ 2.0%
1.15B▼ 2.7%
1.12B▼ 2.5%
1.09B▼ 2.9%
Equity Growth %
0.67%-4.94%61.21%-3.11%-3.45%-2.03%-2.69%-2.54%-2.95%
Shareholders Equity
833.71M802.98M1.31B1.27B1.24B1.22B1.2B1.18B1.15B
Minority Interest
10.43M-506K-20.25M-18.04M-28.84M-35.74M-44.18M-51.58M-59.61M
Common Stock
473K474K601K605K605K607K609K611K614K
Additional Paid-in Capital
919.07M920.66M1.45B1.45B1.45B1.46B1.47B1.47B1.48B
Retained Earnings
-97.28M-128.78M-144.38M-176.56M-217.78M-251.17M-280.24M-304.34M-331.09M
Preferred Stock
000000000
Return on Assets (ROA)
1.89%1.22%2.41%1.27%1.25%1.86%2.17%2.33%2.3%
Return on Equity (ROE)
4.77%3.3%5.74%2.79%2.97%4.66%5.53%6.39%6.44%
Debt / Assets
58.63%58.72%48.85%51%55.57%56.02%57.39%62.05%58.41%
Debt / Equity
1.57x1.61x1.05x1.15x1.39x1.41x1.48x1.81x1.56x
Net Debt / EBITDA
3.11x2.98x6.02x6.60x7.11x6.82x6.76x6.30x5.77x
Book Value per Share
13.1712.5117.0316.4715.8915.5515.1114.6914.22

AAT Cash Flow Statement

American Assets Trust, Inc. (AAT) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
145.85M136.51M153.82M126.98M168.33M179.07M188.75M207.11M167.12M
Operating CF Growth %
18.91%-6.41%12.68%-17.44%32.56%6.38%5.41%9.72%-19.31%
Operating CF / Revenue %
46.31%41.26%41.94%36.85%44.79%42.37%42.78%45.23%38.31%
Net Income
40.13M27.2M60.19M35.59M36.59M55.88M64.69M72.82M71.37M
Depreciation & Amortization
83.28M107.09M96.2M108.29M116.31M123.34M119.5M125.46M127.31M
Stock-Based Compensation
4.74M3.04M4.48M6.31M8.49M8.69M8.84M7.11M7.4M
Other Non-Cash Items
298K-523K-4.84M-31.79M-12.68M-8.3M-3.29M-1.17M-37.92M
Working Capital Changes
6.74M-304K-2.09M-9.84M19.62M-530K-982K2.89M-1.04M
Cash from Investing
-330.56M-64.35M-599.18M-69.08M-312.28M-166.32M-89.89M-77.41M-30.52M
Acquisitions (Net)
00499.59M000000
Purchase of Investments
-278.14M0-507.78M0-47.76M0000
Sale of Investments
008.19M047.72M0000
Other Investing
-283.07M-9.94M-510.86M-5.59M-207.65M-52.54M-6.91M-7.2M41.74M
Cash from Financing
221.91M-106.84M497.55M-28.31M144.42M-102.7M-65.55M213.07M-432.9M
Dividends Paid
-67.54M-51.49M-80.61M-76.51M-88.94M-77.54M-80.21M-103.37M-105.25M
Common Dividends
-67.54M-70.23M-80.61M-76.51M-88.94M-98.25M-101.57M-103.37M-105.25M
Debt Issuance (Net)
1000K-1000K1000K1000K1000K-1000K1000K1000K-1000K
Share Repurchases
000-672K-865K0-831K-1.45M-2.39M
Other Financing
-3.28M-3.25M-2.44M-125K-5.08M-21.47M-23.5M-5.39M-250K
Net Change in Cash
37.2M▲ 0%
-34.68M▼ 193.2%
52.18M▲ 250.4%
29.6M▼ 43.3%
475K▼ 98.4%
-89.95M▼ 19037.5%
33.32M▲ 137.0%
342.77M▲ 928.8%
-296.3M▼ 186.4%
Exchange Rate Effect
000000000
Cash at Beginning
54.75M91.95M57.27M109.45M139.05M139.52M49.57M82.89M425.66M
Cash at End
91.95M57.27M109.45M139.05M139.52M49.57M82.89M425.66M129.36M
Free Cash Flow
98.36M▲ 0%
82.1M▼ 16.5%
65.49M▼ 20.2%
63.5M▼ 3.0%
63.74M▲ 0.4%
65.29M▲ 2.4%
105.77M▲ 62.0%
136.9M▲ 29.4%
94.86M▼ 30.7%
FCF Growth %
56.05%-16.53%-20.23%-3.04%0.38%2.43%62%29.43%-30.71%
FCF / Revenue %
31.23%24.81%17.86%18.43%16.96%15.45%23.98%29.9%21.75%

AAT Key Ratios

American Assets Trust, Inc. (AAT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
FFO per Share
5.15.395.692.061.892.012.352.412.592.59
FFO Payout Ratio
19.88%19.55%19.24%51.54%53.18%58.17%54.82%55.14%52.13%52.98%
NOI Margin
63.42%62.96%63.29%64.01%64.85%65.47%63.93%62.84%63.37%61.12%
Net Debt / EBITDA
2.71x3.11x2.98x6.02x6.60x7.11x6.82x6.76x6.30x5.77x
Debt / Assets
53.43%58.63%58.72%48.85%51%55.57%56.02%57.39%62.05%58.41%
Interest Coverage
1.89x1.75x1.53x2.13x1.67x1.64x1.97x2.02x1.99x1.92x
Book Value / Share
13.2613.1712.5117.0316.4715.8915.5515.1114.6914.22
Revenue Growth
7.06%6.74%5.04%10.84%-6.04%9.07%12.46%4.38%3.78%-4.73%
Related:AAT Dividend History·AAT Revenue History·AAT Price History·AAT P/E History·AAT Financial Ratios·AAT Institutional Holders

AAT SEC Filings & Documents

American Assets Trust, Inc. (AAT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Apr 1, 2026·SEC

Material company update

Feb 3, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 6, 2026·SEC

FY 2025

Feb 12, 2025·SEC

FY 2024

Feb 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

FY 2025

May 2, 2025·SEC

AAT Frequently Asked Questions

American Assets Trust, Inc. (AAT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

American Assets Trust, Inc. (AAT) reported $436.2M in revenue for fiscal year 2025. This represents a 261% increase from $120.9M in 2008.

American Assets Trust, Inc. (AAT) saw revenue decline by 4.7% over the past year.

Yes, American Assets Trust, Inc. (AAT) is profitable, generating $71.4M in net income for fiscal year 2025 (16.4% net margin).

Dividend & Returns

Yes, American Assets Trust, Inc. (AAT) pays a dividend with a yield of 5.70%. This makes it attractive for income-focused investors.

American Assets Trust, Inc. (AAT) has a return on equity (ROE) of 6.4%. This is below average, suggesting room for improvement.

Industry Metrics

American Assets Trust, Inc. (AAT) generated Funds From Operations (FFO) of $198.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

American Assets Trust, Inc. (AAT) offers a 5.70% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in AAT back in 2008?

Total return calculator · dividends reinvested · 18+ years of data

See returns →

How much would $100/month in AAT be worth today?

Dollar cost averaging calculator · DCA vs lump sum

Calculate →