Symbols / AAT Stock $20.91 +1.01% American Assets Trust, Inc.

Real Estate • REIT - Diversified • United States • NYQ
AAT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Diversified
CEO Mr. Adam Wyll
Exch · Country NYQ · United States
Market Cap 1.28B
Enterprise Value 2.80B
Income 55.65M
Sales 431.87M
FCF (ttm) 163.54M
Book/sh 18.75
Cash/sh 2.14
Employees 232
Insider 10d —
IPO Jan 13, 2011
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 147.83%
P/E 22.73
Forward P/E 29.04
PEG 9.34
P/S 2.97
P/B 1.12
P/C —
EV/EBITDA 12.35
EV/Sales 6.48
Quick Ratio 2.93
Current Ratio 3.07
Debt/Eq 156.38
LT Debt/Eq —
EPS (ttm) 0.92
EPS next Y 0.72
EPS Growth -65.10%
Revenue Growth -2.90%
EPS Gr Q/Q -64.90%
Rev Gr Q/Q —
Earnings (next) 2026-04-28
Earnings (prior) 2026-02-03
ROA 2.05%
ROE 6.44%
ROIC —
Gross Margin 62.32%
Oper. Margin 21.32%
Profit Margin 12.88%
Shs Outstand 61.39M
Shs Float 48.97M
Insider Own 1.79%
Instit Own 130.69%
Short Float 6.31%
Short Ratio 4.52
Short Interest 1.68M
52W High 21.40
vs 52W High -2.29%
52W Low 17.72
vs 52W Low 18.00%
Beta 0.95
Impl. Vol. —
Rel Volume 0.36
Avg Volume 429.86K
Volume 155.18K
Target (mean) $19.00
Tgt Median $19.00
Tgt Low $18.00
Tgt High $20.00
# Analysts 2
Recom Underperform
Prev Close $20.70
Price $20.91
Change 1.01%
About

American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nations most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. Its office portfolio comprises approximately 4.3 million rentable square feet, and its retail portfolio comprises approximately 2.4 million rentable square feet. In addition, the company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,302 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. American Assets Trust, Inc. is headquatered in San Diego, California. American Assets Trust, Inc. was incroporated in 1967 in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$19.00
Mean price target
2. Current target
$20.91
Latest analyst target
3. DCF / Fair value
$47.95
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$20.91
Low
$18.00
High
$20.00
Mean
$19.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-26 main Morgan Stanley Underweight → Underweight $18
2026-01-06 main Morgan Stanley Equal-Weight → Equal-Weight $19
2025-08-20 main Mizuho Neutral → Neutral $21
2025-04-24 main Morgan Stanley Equal-Weight → Equal-Weight $20
2025-02-25 main Mizuho Neutral → Neutral $22
2024-12-10 main Mizuho Neutral → Neutral $28
2024-10-30 main Morgan Stanley Equal-Weight → Equal-Weight $24
2024-08-19 main Mizuho Neutral → Neutral $26
2024-02-23 main Mizuho Neutral → Neutral $22
2024-01-10 main Mizuho Neutral → Neutral $23
2023-12-01 main Mizuho Neutral → Neutral $20
2023-09-18 main Mizuho Neutral → Neutral $21
2023-07-20 main Mizuho Neutral → Neutral $22
2023-05-25 main Mizuho Neutral → Neutral $19
2023-02-10 reit Mizuho — → Neutral $30
2022-08-29 main Morgan Stanley — → Equal-Weight $28
2022-07-27 main Mizuho — → Neutral $30
2022-07-15 main Morgan Stanley — → Equal-Weight $26
2022-07-14 down Keybanc Overweight → Sector Weight —
2022-06-06 main Morgan Stanley — → Equal-Weight $35
News
RSS: Latest AAT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-26 RADY ERNEST S Officer, Director and Beneficial Owner — 10,748 $19.52 $212,582
2026-02-24 RADY ERNEST S Officer, Director and Beneficial Owner — 82,386 $19.28 $1,599,720
2026-02-24 RADY ERNEST S Officer, Director and Beneficial Owner — 79,386 $19.28 $1,541,880
2026-02-19 RADY ERNEST S Officer, Director and Beneficial Owner — 159,866 $18.53 $3,007,686
2025-12-03 BARTON ROBERT F Chief Financial Officer — 99,681 $0.00 $0
2025-12-03 WYLL ADAM Chief Executive Officer — 161,023 $0.00 $0
2025-12-03 GAMMIERI JERRY Officer — 34,505 $0.00 $0
2025-06-02 SULLIVAN ROBERT S Director — 4,453 $0.00 $0
2025-06-02 SCHAEFER JOY L. Director — 4,453 $0.00 $0
2025-06-02 TRAN NINA A Director — 4,453 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
436.20
-4.73%
457.85
+3.78%
441.16
+4.38%
422.65
Operating Revenue
433.61
-4.74%
455.20
+3.81%
438.51
+4.40%
420.03
Cost Of Revenue
169.59
+1.11%
167.73
+2.30%
163.96
+7.56%
152.43
Reconciled Cost Of Revenue
169.59
+1.11%
167.73
+2.30%
163.96
+7.56%
152.43
Gross Profit
266.61
-8.11%
290.13
+4.66%
277.21
+2.59%
270.21
Operating Expense
165.15
+2.62%
160.93
+3.52%
155.46
-0.01%
155.48
Selling General And Administration
37.84
+6.69%
35.47
-1.37%
35.96
+11.88%
32.14
General And Administrative Expense
37.84
+6.69%
35.47
-1.37%
35.96
+11.88%
32.14
Other Gand A
37.84
+6.69%
35.47
-1.37%
35.96
+11.88%
32.14
Total Expenses
334.75
+1.85%
328.66
+2.89%
319.42
+3.74%
307.91
Operating Income
101.46
-21.47%
129.20
+6.12%
121.75
+6.11%
114.73
Total Operating Income As Reported
145.93
+12.95%
129.20
+6.12%
121.75
+6.11%
114.73
EBITDA
277.57
+1.42%
273.69
+9.50%
249.94
+4.88%
238.30
Normalized EBITDA
233.10
-14.83%
273.69
+9.50%
249.94
+4.88%
238.30
Reconciled Depreciation
127.31
+1.48%
125.46
+4.99%
119.50
-3.11%
123.34
EBIT
150.26
+1.37%
148.23
+13.64%
130.44
+13.46%
114.96
Total Unusual Items
44.48
—
0.00
0.00
Total Unusual Items Excluding Goodwill
44.48
—
0.00
0.00
Special Income Charges
—
—
0.00
0.00
Other Special Charges
—
—
—
—
Net Income
71.37
-1.99%
72.82
+12.56%
64.69
+15.77%
55.88
Pretax Income
72.14
-2.12%
73.70
+12.13%
65.73
+15.87%
56.73
Net Non Operating Interest Income Expense
-73.79
-12.67%
-65.50
-4.74%
-62.53
-7.80%
-58.01
Interest Expense Non Operating
78.12
+4.82%
74.53
+15.18%
64.71
+11.12%
58.23
Net Interest Income
-73.79
-12.67%
-65.50
-4.74%
-62.53
-7.80%
-58.01
Interest Expense
78.12
+4.82%
74.53
+15.18%
64.71
+11.12%
58.23
Interest Income Non Operating
4.33
-52.08%
9.03
+315.22%
2.17
+866.67%
0.23
Interest Income
4.33
-52.08%
9.03
+315.22%
2.17
+866.67%
0.23
Other Income Expense
44.48
+344.67%
10.00
+53.52%
6.51
—
Other Non Operating Income Expenses
—
10.00
+53.52%
6.51
—
Gain On Sale Of Security
44.48
—
—
—
Tax Provision
0.77
-13.09%
0.89
-14.89%
1.04
+22.47%
0.85
Tax Rate For Calcs
0.00
-11.21%
0.00
-24.10%
0.00
+5.69%
0.00
Tax Effect Of Unusual Items
0.47
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
71.37
-1.99%
72.82
+12.56%
64.69
+15.77%
55.88
Net Income From Continuing Operation Net Minority Interest
71.37
-1.99%
72.82
+12.56%
64.69
+15.77%
55.88
Net Income From Continuing And Discontinued Operation
71.37
-1.99%
72.82
+12.56%
64.69
+15.77%
55.88
Net Income Continuous Operations
71.37
-1.99%
72.82
+12.56%
64.69
+15.77%
55.88
Normalized Income
27.37
-62.41%
72.82
+12.56%
64.69
+15.77%
55.88
Net Income Common Stockholders
55.65
-2.02%
56.80
+12.74%
50.38
+15.80%
43.51
Otherunder Preferred Stock Dividend
15.72
-1.87%
16.02
+11.94%
14.31
+15.69%
12.37
Diluted EPS
0.92
-2.13%
0.94
+11.90%
0.84
+16.67%
0.72
Basic EPS
0.92
-2.13%
0.94
+11.90%
0.84
+16.67%
0.72
Basic Average Shares
60.56
+0.37%
60.33
+0.29%
60.16
+0.18%
60.05
Diluted Average Shares
76.74
+0.29%
76.51
+0.23%
76.34
+0.14%
76.23
Diluted NI Availto Com Stockholders
70.52
-2.10%
72.03
+12.67%
63.93
+15.75%
55.23
Average Dilution Earnings
14.87
-2.39%
15.23
+12.42%
13.55
+15.59%
11.72
Depreciation Amortization Depletion Income Statement
127.31
+1.48%
125.46
+4.99%
119.50
-3.11%
123.34
Depreciation And Amortization In Income Statement
127.31
+1.48%
125.46
+4.99%
119.50
-3.11%
123.34
Rent Expense Supplemental
3.48
-2.93%
3.58
+1.39%
3.54
+9.98%
3.21
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,921.28
-10.76%
3,273.36
+9.67%
2,984.68
-0.11%
2,987.88
Current Assets
221.41
-62.98%
598.14
+137.74%
251.59
+63.49%
153.89
Cash Cash Equivalents And Short Term Investments
129.36
-69.61%
425.66
+413.54%
82.89
+67.21%
49.57
Cash And Cash Equivalents
129.36
-69.61%
425.66
+413.54%
82.89
+67.21%
49.57
Receivables
92.05
-3.07%
94.96
+0.51%
94.48
-0.59%
95.04
Accounts Receivable
7.41
+7.27%
6.91
+6.46%
6.49
-17.35%
7.85
Gross Accounts Receivable
8.71
-2.22%
8.90
+12.92%
7.89
-20.73%
9.95
Allowance For Doubtful Accounts Receivable
-1.30
+35.00%
-2.00
-42.86%
-1.40
+33.33%
-2.10
Other Receivables
84.64
-3.88%
88.06
+0.07%
88.00
+0.92%
87.19
Prepaid Assets
—
—
10.46
+12.72%
9.28
Assets Held For Sale Current
0.00
-100.00%
77.52
+4.44%
74.22
—
Total Non Current Assets
2,699.86
+0.92%
2,675.22
-2.12%
2,733.09
-3.56%
2,833.99
Net PPE
17.25
-9.20%
18.99
-11.67%
21.50
-10.11%
23.92
Gross PPE
17.25
-9.20%
18.99
-11.67%
21.50
-10.11%
23.92
Other Properties
17.25
-9.20%
18.99
-11.67%
21.50
-10.11%
23.92
Goodwill And Other Intangible Assets
11.70
-25.01%
15.60
-23.78%
20.47
-20.65%
25.80
Other Intangible Assets
11.70
-25.01%
15.60
-23.78%
20.47
-20.65%
25.80
Other Non Current Assets
49.54
+3.37%
47.92
-2.38%
49.09
+23.56%
39.73
Total Liabilities Net Minority Interest
1,830.07
-14.84%
2,149.04
+17.37%
1,831.01
+1.59%
1,802.36
Current Liabilities
108.71
+7.59%
101.04
+2.02%
99.04
-28.98%
139.47
Payables And Accrued Expenses
81.16
+11.80%
72.59
+4.09%
69.74
-6.63%
74.69
Payables
81.16
+11.80%
72.59
+4.09%
69.74
-6.63%
74.69
Accounts Payable
71.09
+11.62%
63.69
+4.49%
60.96
-7.63%
65.99
Other Payable
10.06
+13.12%
8.90
+1.34%
8.78
+0.91%
8.70
Current Debt And Capital Lease Obligation
—
—
—
34.06
Current Debt
—
—
—
34.06
Current Deferred Liabilities
27.55
+9.76%
25.10
-8.40%
27.40
-10.79%
30.72
Current Deferred Revenue
27.55
+9.76%
25.10
-8.40%
27.40
-10.79%
30.72
Other Current Liabilities
—
3.35
+76.05%
1.90
—
Total Non Current Liabilities Net Minority Interest
1,721.36
-15.95%
2,048.00
+18.25%
1,731.96
+4.15%
1,662.89
Long Term Debt And Capital Lease Obligation
1,706.38
-15.99%
2,031.15
+18.58%
1,712.88
+4.46%
1,639.71
Long Term Debt
1,687.61
-16.06%
2,010.52
+18.99%
1,689.63
+4.68%
1,614.03
Long Term Capital Lease Obligation
18.77
-9.03%
20.64
-11.25%
23.25
-9.43%
25.68
Non Current Deferred Liabilities
4.02
+7.18%
3.75
+9.91%
3.41
+4.54%
3.26
Non Current Deferred Taxes Liabilities
0.64
-18.31%
0.78
-0.38%
0.78
-7.98%
0.85
Other Non Current Liabilities
10.96
-16.33%
13.10
-16.40%
15.67
-20.55%
19.73
Stockholders Equity
1,150.82
-2.13%
1,175.90
-1.83%
1,197.86
-1.92%
1,221.27
Common Stock Equity
1,150.82
-2.13%
1,175.90
-1.83%
1,197.86
-1.92%
1,221.27
Capital Stock
0.61
+0.49%
0.61
+0.33%
0.61
+0.33%
0.61
Common Stock
0.61
+0.49%
0.61
+0.33%
0.61
+0.33%
0.61
Share Issued
61.39
+0.41%
61.14
+0.40%
60.90
+0.29%
60.72
Ordinary Shares Number
61.39
+0.41%
61.14
+0.40%
60.90
+0.29%
60.72
Additional Paid In Capital
1,479.87
+0.34%
1,474.87
+0.39%
1,469.21
+0.55%
1,461.20
Retained Earnings
-331.09
-8.79%
-304.34
-8.60%
-280.24
-11.57%
-251.17
Gains Losses Not Affecting Retained Earnings
1.42
-70.19%
4.76
-42.53%
8.28
-22.04%
10.62
Minority Interest
-59.61
-15.57%
-51.58
-16.74%
-44.18
-23.62%
-35.74
Other Equity Adjustments
1.42
-70.19%
4.76
-42.53%
8.28
-22.04%
10.62
Total Equity Gross Minority Interest
1,091.20
-2.95%
1,124.32
-2.54%
1,153.67
-2.69%
1,185.53
Total Capitalization
2,838.43
-10.92%
3,186.42
+10.35%
2,887.49
+1.84%
2,835.30
Working Capital
112.70
-77.33%
497.10
+225.86%
152.55
+957.68%
14.42
Invested Capital
2,838.43
-10.92%
3,186.42
+10.35%
2,887.49
+0.63%
2,869.35
Total Debt
1,706.38
-15.99%
2,031.15
+18.58%
1,712.88
+2.34%
1,673.76
Net Debt
1,558.25
-1.68%
1,584.86
-1.36%
1,606.74
+0.51%
1,598.52
Capital Lease Obligations
18.77
-9.03%
20.64
-11.25%
23.25
-9.43%
25.68
Net Tangible Assets
1,139.12
-1.83%
1,160.30
-1.45%
1,177.39
-1.51%
1,195.47
Tangible Book Value
1,139.12
-1.83%
1,160.30
-1.45%
1,177.39
-1.51%
1,195.47
Derivative Product Liabilities
—
—
0.00
-100.00%
0.20
Financial Assets
2.01
-61.44%
5.21
-34.51%
7.96
-20.26%
9.99
Investment Properties
2,619.37
+1.23%
2,587.49
-1.77%
2,634.06
-3.68%
2,734.56
Line Of Credit
—
—
0.00
-100.00%
34.06
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
167.12
-19.31%
207.11
+9.72%
188.75
+5.41%
179.07
Cash Flow From Continuing Operating Activities
167.12
-19.31%
207.11
+9.72%
188.75
+5.41%
179.07
Net Income From Continuing Operations
71.37
-1.99%
72.82
+12.57%
64.69
+15.77%
55.88
Depreciation Amortization Depletion
127.31
+1.48%
125.46
+4.99%
119.50
-3.11%
123.34
Depreciation And Amortization
127.31
+1.48%
125.46
+4.99%
119.50
-3.11%
123.34
Other Non Cash Items
6.01
+323.53%
-2.69
+43.18%
-4.73
+55.49%
-10.64
Stock Based Compensation
7.40
+4.04%
7.11
-19.55%
8.84
+1.70%
8.69
Provisionand Write Offof Assets
0.54
-64.40%
1.52
+5.42%
1.44
-38.35%
2.33
Operating Gains Losses
-44.48
—
—
—
Gain Loss On Investment Securities
-44.48
—
—
—
Change In Working Capital
-1.04
-136.03%
2.89
+394.20%
-0.98
-85.28%
-0.53
Change In Receivables
0.73
+140.63%
-1.79
-105.40%
-0.87
-115.35%
-0.40
Changes In Account Receivables
0.73
+140.63%
-1.79
-105.40%
-0.87
-115.35%
-0.40
Change In Payables And Accrued Expense
-0.23
-104.01%
5.72
+504.33%
0.95
+262.54%
-0.58
Change In Payable
-0.23
-104.01%
5.72
+504.33%
0.95
+262.54%
-0.58
Change In Account Payable
-1.16
-120.80%
5.58
+629.02%
0.77
+161.84%
-1.24
Change In Other Current Assets
-1.23
+3.24%
-1.27
-10.96%
-1.14
-57.81%
-0.72
Change In Other Current Liabilities
-0.31
-239.11%
0.23
+171.08%
0.08
-92.96%
1.18
Investing Cash Flow
-30.52
+60.58%
-77.41
+13.88%
-89.89
+45.96%
-166.32
Cash Flow From Continuing Investing Activities
-30.52
+60.58%
-77.41
+13.88%
-89.89
+45.96%
-166.32
Capital Expenditure
-72.25
-2.92%
-70.20
+15.40%
-82.98
+27.07%
-113.78
Capital Expenditure Reported
-72.25
-2.92%
-70.20
+15.40%
-82.98
+27.07%
-113.78
Net Investment Purchase And Sale
—
—
0.00
0.00
Purchase Of Investment
—
—
0.00
0.00
Sale Of Investment
—
—
0.00
0.00
Net Other Investing Changes
-8.16
-13.37%
-7.20
-4.27%
-6.91
+6.33%
-7.37
Financing Cash Flow
-432.90
-303.17%
213.07
+425.07%
-65.55
+36.18%
-102.70
Cash Flow From Continuing Financing Activities
-432.90
-303.17%
213.07
+425.07%
-65.55
+36.18%
-102.70
Net Issuance Payments Of Debt
-325.00
-200.53%
323.27
+728.91%
39.00
0.00
Issuance Of Debt
0.00
-100.00%
623.27
+177.01%
225.00
+102.70%
111.00
Repayment Of Debt
-325.00
-8.33%
-300.00
-61.29%
-186.00
-67.57%
-111.00
Long Term Debt Issuance
0.00
-100.00%
623.27
+177.01%
225.00
+102.70%
111.00
Long Term Debt Payments
-325.00
-8.33%
-300.00
-61.29%
-186.00
-67.57%
-111.00
Net Long Term Debt Issuance
-325.00
-200.53%
323.27
+728.91%
39.00
0.00
Short Term Debt Issuance
—
—
0.00
-100.00%
36.00
Short Term Debt Payments
—
—
-36.00
0.00
Net Short Term Debt Issuance
—
—
-36.00
-200.00%
36.00
Net Common Stock Issuance
—
—
—
—
Common Stock Dividend Paid
-105.25
-1.82%
-103.37
-1.77%
-101.57
-3.38%
-98.25
Cash Dividends Paid
-105.25
-1.82%
-103.37
-1.77%
-101.57
-3.38%
-98.25
Net Other Financing Charges
-2.64
+61.32%
-6.83
-129.60%
-2.98
+33.21%
-4.46
Changes In Cash
-296.30
-186.44%
342.77
+928.82%
33.32
+137.04%
-89.95
Beginning Cash Position
425.66
+413.54%
82.89
+67.21%
49.57
-64.47%
139.52
End Cash Position
129.36
-69.61%
425.66
+413.54%
82.89
+67.21%
49.57
Free Cash Flow
94.86
-30.71%
136.90
+29.43%
105.77
+62.00%
65.29
Interest Paid Supplemental Data
79.27
+23.07%
64.41
+3.89%
62.00
+10.60%
56.06
Income Tax Paid Supplemental Data
0.93
-25.10%
1.25
-12.61%
1.43
+64.97%
0.86
Common Stock Issuance
—
—
—
—
Issuance Of Capital Stock
—
—
—
—
Net Investment Properties Purchase And Sale
49.91
0.00
0.00
+100.00%
-45.17
Purchase Of Investment Properties
-67.88
0.00
0.00
+100.00%
-45.17
Sale Of Investment Properties
117.78
0.00
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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