AAT

American Assets Trust, Inc.

Fundamental data last updated:September 7, 2026

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company profile

SECTOR

Real Estate

industry

REIT - Diversified

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

American 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.

 


VALUATION

P/E

63.33

Market Cap ($M USD)

$1.43B

Forward P/E

48.69

PEG

1.62

PRICE TO SALES

3.27

PRICE TO BOOK

1.25

EV / EBITDA

13.00

5-Year Average P/E

Free Cash Flow Yield

6.45%

DCF Value

$64.05

Graham Number

$12.47

Price to FCF

15.49

EV to FCF

32.64

Earnings Yield

1.58%

FCF Yield

6.45%

DIVIDEND

Yield

5.82%

Annual Payout

$1.36

Payout Ratio

445.77%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.37

Next Year EPS Growth Estimate

$0.48

Next Year Revenue Growth Estimate

$457.02M

Return on Equity (ROE)

1.93%

FREE CASH FLOW

Operating Margin

22.77%

Debt-to-Equity

1.48

Piotroski F-Score

6

Altman Z-Score

0.60

Return on Invested Capital (ROIC)

3.57%

Current Ratio

1.95

Quick Ratio

1.95

Net Debt to EBITDA

6.83

Interest Coverage

1.26

Gross Profit margin

60.76%

FCF PER SHARE

$1.53

REVENUE PER SHARE

$7.22

Gainseekers Quantitative Analysis

Summary

The market seems to be significantly undervaluing American Assets Trust, Inc. relative to its DCF Value of $69.92 and Graham Number of $12.47. Despite a lofty Forward P/E of 43.83, the stock’s current pricing suggests a disconnect from its intrinsic value. The Earnings Yield of 1.75% and a troubling Altman Z-score of 0.57 raise red flags about financial stability and growth potential. However, the consensus rating of “Buy” indicates institutional optimism, perhaps betting on future earnings growth. The valuation metrics suggest a complex narrative of potential mispricing and inherent risk.

AI Exposure / Tech Reliance

Operating in the Real Estate sector, American Assets Trust, Inc. is less exposed to rapid AI and tech shifts compared to tech-centric industries. However, as a diversified REIT, it can leverage technology to optimize property management and tenant services. Its resilience will depend on adopting smart building technologies and data analytics to enhance operational efficiency.

The Bull Case

For the value or GARP investor, the appeal lies in the company's robust operating margin of 22.77% and a Piotroski F-Score of 6, indicating solid financial health. The ROIC of 3.57% suggests efficient capital allocation, while a TTM yield of 6.46% offers attractive income potential. These metrics hint at strong pricing power and capital efficiency, making it a compelling buy for those seeking stable returns in a volatile market.

The Bear Case

Despite some strengths, the stock faces significant structural risks. The Price/Earnings ratio of 57.02 and Price/Sales of 2.95 indicate a potentially overvalued position. The Altman Z-score of 0.57 signals financial distress, and the Net Debt to EBITDA ratio of 6.83 raises concerns about leverage. Trading near its 52-week high, the stock appears technically overextended, suggesting limited upside without substantial earnings growth.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$18.50

Institutional Ownership %

1-Year Beta

0.97

Insider Buying % (6 Mo)

Distance to 52-Week High

0.21%

Distance to 52-Week Low

24.18%

EARNINGS SURPRISE %

0.00%

50-DAY SMA

$20.27

200-DAY SMA

$19.60

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.