AAT
American Assets Trust, Inc.
Price Chart
Latest Quote
$18.03
Current Price| Previous Close | $18.06 |
| Open | $18.01 |
| Day High | $18.16 |
| Day Low | $17.90 |
| Volume | 393,103 |
Stock Information
| Quarterly Dividend / Yield | $1.36 / 7.53% |
| Shares Outstanding | 61.15M |
| Total Debt | $1.71B |
| Cash Equivalents | $141.34M |
| Revenue | $435.17M |
| Net Income | $61.48M |
| Sector | Real Estate |
| Industry | REIT - Diversified |
| Market Cap | $1.39B |
| P/E Ratio | 17.68 |
| EPS (TTM) | $1.02 |
| Exchange | NYQ |
📊 Custom Metrics & Score
Score: 17/42| Debt to Equity | 1.73 |
| Debt to Earnings | 7.00 |
| Current Ratio | 5.92 |
| Quick Ratio | 5.15 |
| Avg Revenue Growth | 5.46% |
| Profit Margin | 15.90% |
| Return on Equity | 6.19% |
| Avg FCF Growth | 28.69% |
| FCF Yield | 9.82% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $18.03 | 325,668 |
| 2026-01-30 | $18.06 | 599,900 |
| 2026-01-29 | $18.01 | 437,400 |
| 2026-01-28 | $17.76 | 564,900 |
| 2026-01-27 | $18.05 | 399,200 |
| 2026-01-26 | $17.82 | 1,024,300 |
| 2026-01-23 | $17.98 | 840,700 |
| 2026-01-22 | $18.11 | 357,600 |
| 2026-01-21 | $18.29 | 563,500 |
| 2026-01-20 | $18.06 | 486,500 |
| 2026-01-16 | $17.98 | 785,900 |
| 2026-01-15 | $18.69 | 343,700 |
| 2026-01-14 | $18.50 | 435,300 |
| 2026-01-13 | $18.51 | 410,200 |
| 2026-01-12 | $18.99 | 344,800 |
| 2026-01-09 | $18.84 | 356,800 |
| 2026-01-08 | $18.81 | 393,800 |
| 2026-01-07 | $18.45 | 331,900 |
| 2026-01-06 | $18.58 | 469,600 |
| 2026-01-05 | $18.52 | 400,400 |
About American Assets Trust, Inc.
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. 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 nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. The company's 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.
📰 Latest News
Is the Options Market Predicting a Spike in American Assets Trust Stock?
Zacks • 2026-01-22T14:35:00Z
Investors in American Assets Trust (NYSE:AAT) have unfortunately lost 11% over the last five years
Simply Wall St. • 2025-12-29T10:41:14Z
Are Investors Undervaluing American Assets Trust (AAT) Right Now?
Zacks • 2025-12-23T14:40:04Z
American Assets Trust (AAT) Upgraded to Buy: Here's What You Should Know
Zacks • 2025-12-11T17:00:04Z
Is a 33% Slide a Buying Opportunity? Inside One Fund’s New $4.4 Million American Assets Trust Position
Motley Fool • 2025-12-09T10:20:04Z
Is American Assets Trust (AAT) Stock Undervalued Right Now?
Zacks • 2025-12-05T14:40:03Z
Assessing American Assets Trust (AAT) Valuation Following Recent Share Price Decline
Simply Wall St. • 2025-11-18T21:10:33Z
Should Value Investors Buy American Assets Trust (AAT) Stock?
Zacks • 2025-11-18T14:40:05Z
American Assets Trust Inc (AAT) Q3 2025 Earnings Call Highlights: Strong FFO Performance and ...
GuruFocus.com • 2025-10-30T19:56:15Z
American Assets Trust (AAT) Upgraded to Buy: Here's Why
Zacks • 2025-10-30T16:00:03Z
Income Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $167,727,000 | $163,957,000 | $152,433,000 | $129,774,000 |
| Cost Of Revenue | $167,727,000 | $163,957,000 | $152,433,000 | $129,774,000 |
| Total Revenue | $457,854,000 | $441,164,000 | $422,648,000 | $375,828,000 |
| Operating Revenue | $455,202,000 | $438,508,000 | $420,033,000 | $375,828,000 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $74,527,000 | $64,706,000 | $58,232,000 | $58,587,000 |
| Total Expenses | $328,656,000 | $319,417,000 | $307,914,000 | $275,959,000 |
| Rent Expense Supplemental | $3,585,000 | $3,536,000 | $3,215,000 | $86,980,000 |
| Other Income Expense | $10,002,000 | $6,515,000 | - | $-4,275,000 |
| Other Non Operating Income Expenses | $10,002,000 | $6,515,000 | - | $-4,000 |
| Net Non Operating Interest Income Expense | $-65,496,000 | $-62,531,000 | $-58,007,000 | $-58,263,000 |
| Interest Expense Non Operating | $74,527,000 | $64,706,000 | $58,232,000 | $58,587,000 |
| Operating Expense | $160,929,000 | $155,460,000 | $155,481,000 | $146,185,000 |
| General And Administrative Expense | $35,468,000 | $35,960,000 | $32,143,000 | $29,879,000 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $72,818,000 | $64,690,000 | $55,877,000 | $36,593,000 |
| Net Interest Income | $-65,496,000 | $-62,531,000 | $-58,007,000 | $-58,263,000 |
| Interest Income | $9,031,000 | $2,175,000 | $225,000 | $324,000 |
| Normalized Income | $72,818,000 | $64,690,000 | $55,877,000 | $40,779,566 |
| Net Income From Continuing And Discontinued Operation | $72,818,000 | $64,690,000 | $55,877,000 | $36,593,000 |
| Total Operating Income As Reported | $129,199,000 | $121,747,000 | $114,734,000 | $99,869,000 |
| Average Dilution Earnings | $15,234,000 | $13,551,000 | $11,723,000 | $7,653,000 |
| Net Income Common Stockholders | $56,798,000 | $50,378,000 | $43,506,000 | $28,376,000 |
| Net Income | $72,818,000 | $64,690,000 | $55,877,000 | $36,593,000 |
| Net Income Including Noncontrolling Interests | $72,818,000 | $64,690,000 | $55,877,000 | $36,593,000 |
| Net Income Continuous Operations | $72,818,000 | $64,690,000 | $55,877,000 | $36,593,000 |
| Pretax Income | $73,704,000 | $65,731,000 | $56,727,000 | $37,331,000 |
| Interest Income Non Operating | $9,031,000 | $2,175,000 | $225,000 | $324,000 |
| Operating Income | $129,198,000 | $121,747,000 | $114,734,000 | $99,869,000 |
| Depreciation Amortization Depletion Income Statement | $125,461,000 | $119,500,000 | $123,338,000 | $116,306,000 |
| Depreciation And Amortization In Income Statement | $125,461,000 | $119,500,000 | $123,338,000 | $116,306,000 |
| Gross Profit | $290,127,000 | $277,207,000 | $270,215,000 | $246,054,000 |
| Special Income Charges | - | $0 | $0 | $-4,271,000 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $0.94 | $0.84 | $0.72 | $0.47 |
| Basic EPS | $0.94 | $0.84 | $0.72 | $0.47 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $-84,434 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $273,692,000 | $249,937,000 | $238,297,000 | $216,495,000 |
| Reconciled Depreciation | $125,461,000 | $119,500,000 | $123,338,000 | $116,306,000 |
| EBITDA (Bullshit earnings) | $273,692,000 | $249,937,000 | $238,297,000 | $212,224,000 |
| EBIT | $148,231,000 | $130,437,000 | $114,959,000 | $95,918,000 |
| Diluted Average Shares | $76,514,592 | $76,340,513 | $76,230,507 | $76,172,277 |
| Basic Average Shares | $60,333,055 | $60,158,976 | $60,048,970 | $59,990,740 |
| Diluted NI Availto Com Stockholders | $72,032,000 | $63,929,000 | $55,229,000 | $36,029,000 |
| Otherunder Preferred Stock Dividend | $16,021,000 | $14,312,000 | $12,371,000 | $8,217,000 |
| Tax Provision | $886,000 | $1,041,000 | $850,000 | $738,000 |
| Selling General And Administration | $35,468,000 | $35,960,000 | $32,143,000 | $29,879,000 |
| Other Gand A | $35,468,000 | $35,960,000 | $32,143,000 | $29,879,000 |
| Total Unusual Items | - | $0 | $0 | $-4,271,000 |
| Total Unusual Items Excluding Goodwill | - | $0 | $0 | $-4,271,000 |
| Other Special Charges | - | - | - | $4,271,000 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $1,160,297,000 | $1,177,386,000 | $1,195,467,000 | $1,207,285,000 |
| Total Assets | $3,273,365,000 | $2,984,681,000 | $2,987,881,000 | $3,017,927,000 |
| Total Non Current Assets | $2,675,223,000 | $2,733,089,000 | $2,833,993,000 | $2,779,098,000 |
| Other Non Current Assets | $47,925,000 | $49,092,000 | $39,732,000 | $39,184,000 |
| Financial Assets | $5,215,000 | $7,963,000 | $9,986,000 | $0 |
| Goodwill And Other Intangible Assets | $15,604,000 | $20,472,000 | $25,798,000 | $31,679,000 |
| Other Intangible Assets | $15,604,000 | $20,472,000 | $25,798,000 | $31,679,000 |
| Current Assets | $598,142,000 | $251,592,000 | $153,888,000 | $238,829,000 |
| Assets Held For Sale Current | $77,519,000 | $74,223,000 | - | - |
| Receivables | $94,964,000 | $94,481,000 | $95,040,000 | $90,169,000 |
| Other Receivables | $88,059,000 | $87,995,000 | $87,192,000 | $82,724,000 |
| Accounts Receivable | $6,905,000 | $6,486,000 | $7,848,000 | $7,445,000 |
| Allowance For Doubtful Accounts Receivable | $-2,000,000 | $-1,400,000 | $-2,100,000 | $-4,600,000 |
| Gross Accounts Receivable | $8,905,000 | $7,886,000 | $9,948,000 | $12,045,000 |
| Cash Cash Equivalents And Short Term Investments | $425,659,000 | $82,888,000 | $49,571,000 | $139,524,000 |
| Cash And Cash Equivalents | $425,659,000 | $82,888,000 | $49,571,000 | $139,524,000 |
| Prepaid Assets | - | $10,457,000 | $9,277,000 | $9,136,000 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Debt | $1,584,856,000 | $1,606,739,000 | $1,598,517,000 | $1,509,679,000 |
| Total Debt | $2,031,153,000 | $1,712,881,000 | $1,673,764,000 | $1,677,120,000 |
| Long Term Debt And Capital Lease Obligation | $2,031,153,000 | $1,712,881,000 | $1,639,707,000 | $1,677,120,000 |
| Long Term Debt | $2,010,515,000 | $1,689,627,000 | $1,614,031,000 | $1,649,203,000 |
| Current Debt And Capital Lease Obligation | - | - | $34,057,000 | - |
| Current Debt | - | - | $34,057,000 | - |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $2,149,044,000 | $1,831,006,000 | $1,802,356,000 | $1,807,804,000 |
| Total Non Current Liabilities Net Minority Interest | $2,048,003,000 | $1,731,963,000 | $1,662,891,000 | $1,704,835,000 |
| Other Non Current Liabilities | $13,101,000 | $15,671,000 | $19,725,000 | $22,438,000 |
| Non Current Deferred Liabilities | $3,749,000 | $3,411,000 | $3,263,000 | $3,470,000 |
| Non Current Deferred Taxes Liabilities | $781,000 | $784,000 | $852,000 | $967,000 |
| Current Liabilities | $101,041,000 | $99,043,000 | $139,465,000 | $102,969,000 |
| Other Current Liabilities | $3,352,000 | $1,904,000 | - | - |
| Current Deferred Liabilities | $25,100,000 | $27,403,000 | $30,717,000 | $30,583,000 |
| Payables And Accrued Expenses | $72,589,000 | $69,736,000 | $74,691,000 | $72,386,000 |
| Payables | $72,589,000 | $69,736,000 | $74,691,000 | $72,386,000 |
| Other Payable | $8,896,000 | $8,778,000 | $8,699,000 | $7,855,000 |
| Accounts Payable | $63,693,000 | $60,958,000 | $65,992,000 | $64,531,000 |
| Derivative Product Liabilities | - | $0 | $196,000 | $1,807,000 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $1,175,901,000 | $1,197,858,000 | $1,221,265,000 | $1,238,964,000 |
| Total Equity Gross Minority Interest | $1,124,321,000 | $1,153,675,000 | $1,185,525,000 | $1,210,123,000 |
| Stockholders Equity | $1,175,901,000 | $1,197,858,000 | $1,221,265,000 | $1,238,964,000 |
| Gains Losses Not Affecting Retained Earnings | $4,760,000 | $8,282,000 | $10,624,000 | $2,872,000 |
| Other Equity Adjustments | $4,760,000 | $8,282,000 | $10,624,000 | $2,872,000 |
| Retained Earnings | $-304,339,000 | $-280,239,000 | $-251,167,000 | $-217,785,000 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Ordinary Shares Number | $61,138,238 | $60,895,786 | $60,718,653 | $60,525,580 |
| Share Issued | $61,138,238 | $60,895,786 | $60,718,653 | $60,525,580 |
| Tangible Book Value | $1,160,297,000 | $1,177,386,000 | $1,195,467,000 | $1,207,285,000 |
| Invested Capital | $3,186,416,000 | $2,887,485,000 | $2,869,353,000 | $2,888,167,000 |
| Working Capital | $497,101,000 | $152,549,000 | $14,423,000 | $135,860,000 |
| Capital Lease Obligations | $20,638,000 | $23,254,000 | $25,676,000 | $27,917,000 |
| Total Capitalization | $3,186,416,000 | $2,887,485,000 | $2,835,296,000 | $2,888,167,000 |
| Minority Interest | $-51,580,000 | $-44,183,000 | $-35,740,000 | $-28,841,000 |
| Additional Paid In Capital | $1,474,869,000 | $1,469,206,000 | $1,461,201,000 | $1,453,272,000 |
| Capital Stock | $611,000 | $609,000 | $607,000 | $605,000 |
| Common Stock | $611,000 | $609,000 | $607,000 | $605,000 |
| Long Term Capital Lease Obligation | $20,638,000 | $23,254,000 | $25,676,000 | $27,917,000 |
| Current Deferred Revenue | $25,100,000 | $27,403,000 | $30,717,000 | $30,583,000 |
| Investment Properties | $2,587,486,000 | $2,634,059,000 | $2,734,556,000 | $2,681,981,000 |
| Net PPE | $18,993,000 | $21,503,000 | $23,921,000 | $26,254,000 |
| Gross PPE | $18,993,000 | $21,503,000 | $23,921,000 | $26,254,000 |
| Other Properties | $18,993,000 | $21,503,000 | $23,921,000 | $26,254,000 |
| Line Of Credit | - | $0 | $34,057,000 | $0 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $136,901,000 | $105,771,000 | $65,291,000 | $63,741,000 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $207,106,000 | $188,751,000 | $179,072,000 | $168,329,000 |
| Cash Flow From Continuing Operating Activities | $207,106,000 | $188,751,000 | $179,072,000 | $168,329,000 |
| Operating Gains Losses | - | - | - | $4,271,000 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-70,205,000 | $-82,980,000 | $-113,781,000 | $-104,588,000 |
| Investing Cash Flow | $-77,407,000 | $-89,887,000 | $-166,321,000 | $-312,278,000 |
| Cash Flow From Continuing Investing Activities | $-77,407,000 | $-89,887,000 | $-166,321,000 | $-312,278,000 |
| Net Other Investing Changes | $-7,202,000 | $-6,907,000 | $-7,374,000 | $-3,142,000 |
| Capital Expenditure Reported | $-70,205,000 | $-82,980,000 | $-113,781,000 | $-104,588,000 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Financing Cash Flow | $213,072,000 | $-65,547,000 | $-102,704,000 | $144,424,000 |
| Cash Flow From Continuing Financing Activities | $213,072,000 | $-65,547,000 | $-102,704,000 | $144,424,000 |
| Net Other Financing Charges | $-6,833,000 | $-2,976,000 | $-4,456,000 | $-5,940,000 |
| Cash Dividends Paid | $-103,368,000 | $-101,571,000 | $-98,248,000 | $-88,936,000 |
| Common Stock Dividend Paid | $-103,368,000 | $-101,571,000 | $-98,248,000 | $-88,936,000 |
| Issuance Of Capital Stock | - | - | - | $0 |
| Net Common Stock Issuance | - | - | - | $0 |
| Common Stock Issuance | - | - | - | $0 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-300,000,000 | $-186,000,000 | $-111,000,000 | $-255,375,000 |
| Issuance Of Debt | $623,273,000 | $225,000,000 | $111,000,000 | $494,675,000 |
| Interest Paid Supplemental Data | $64,413,000 | $62,003,000 | $56,060,000 | $50,970,000 |
| Income Tax Paid Supplemental Data | $1,247,000 | $1,427,000 | $865,000 | $356,000 |
| End Cash Position | $425,659,000 | $82,888,000 | $49,571,000 | $139,524,000 |
| Beginning Cash Position | $82,888,000 | $49,571,000 | $139,524,000 | $139,049,000 |
| Changes In Cash | $342,771,000 | $33,317,000 | $-89,953,000 | $475,000 |
| Net Issuance Payments Of Debt | $323,273,000 | $39,000,000 | $0 | $239,300,000 |
| Net Long Term Debt Issuance | $323,273,000 | $39,000,000 | $0 | $339,300,000 |
| Long Term Debt Payments | $-300,000,000 | $-186,000,000 | $-111,000,000 | $-155,375,000 |
| Long Term Debt Issuance | $623,273,000 | $225,000,000 | $111,000,000 | $494,675,000 |
| Net Investment Properties Purchase And Sale | $0 | $0 | $-45,166,000 | $-204,511,000 |
| Purchase Of Investment Properties | $0 | $0 | $-45,166,000 | $-204,511,000 |
| Change In Working Capital | $2,889,000 | $-982,000 | $-530,000 | $19,620,000 |
| Change In Other Current Liabilities | $225,000 | $83,000 | $1,179,000 | $1,464,000 |
| Change In Other Current Assets | $-1,266,000 | $-1,141,000 | $-723,000 | $109,000 |
| Change In Payables And Accrued Expense | $5,717,000 | $946,000 | $-582,000 | $15,774,000 |
| Change In Payable | $5,717,000 | $946,000 | $-582,000 | $15,774,000 |
| Change In Account Payable | $5,577,000 | $765,000 | $-1,237,000 | $15,331,000 |
| Change In Receivables | $-1,787,000 | $-870,000 | $-404,000 | $2,273,000 |
| Changes In Account Receivables | $-1,787,000 | $-870,000 | $-404,000 | $2,273,000 |
| Other Non Cash Items | $-2,690,000 | $-4,734,000 | $-10,637,000 | $-14,665,000 |
| Stock Based Compensation | $7,110,000 | $8,838,000 | $8,690,000 | $8,493,000 |
| Provisionand Write Offof Assets | $1,517,000 | $1,439,000 | $2,334,000 | $-2,289,000 |
| Depreciation Amortization Depletion | $125,461,000 | $119,500,000 | $123,338,000 | $116,306,000 |
| Depreciation And Amortization | $125,461,000 | $119,500,000 | $123,338,000 | $116,306,000 |
| Net Income From Continuing Operations | $72,819,000 | $64,690,000 | $55,877,000 | $36,593,000 |
| Net Short Term Debt Issuance | - | $-36,000,000 | $36,000,000 | $-100,000,000 |
| Short Term Debt Payments | - | $-36,000,000 | $0 | $-100,000,000 |
| Short Term Debt Issuance | - | $0 | $36,000,000 | $0 |
| Net Investment Purchase And Sale | - | $0 | $0 | $-37,000 |
| Sale Of Investment | - | $0 | $0 | $47,723,000 |
| Purchase Of Investment | - | $0 | $0 | $-47,760,000 |
| Sale Of Investment Properties | - | - | - | $0 |