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American Assets Trust(NYSE) AAT

Market Cap$1.48BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2011)+102%
5 Year-15%
1 Year+29%
1 Month-4%
$23.63
-1.99%
-0.48Today
American Assets Trust last closing stock price
MetricPriceDate
Last closeUSD 24.112026-07-28
American Assets Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-4.67%USD 25.292026-07-21
1 month-4.25%USD 25.182026-06-26
3 month+19.64%USD 20.152026-04-29
Year to date+31.5%USD 18.342025-12-31
1 year+29.22%USD 18.662025-07-28
3 year+29.57%USD 18.612023-07-28
5 year-14.79%USD 28.302021-07-29
Since inception+101.98%USD 11.942011-01-13

American Assets Trust Financials at a Glance

Market Cap

$1.48BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$439.74M

Net Income (TTM)

$20.45M

EPS (TTM)

$0.30

P/E Ratio

80.07

Dividend

$1.36

Beta (Volatility)

0.80 (Low)

Price

$23.63

Volume

161,712.744

Open

$23.08

Previous Close

$24.11

Daily Range

$23.08 - $23.90

52-Week Range

$17.72 - $25.97

Estimated Earnings Date

Oct 27, 2026

AAT News

BuyAlert-Purple.png

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

Robert IzquierdoJun 30, 2026
Insider.png

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

Brendan CoffeyJun 17, 2026
BuyAlert-Blue.png

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

Robert IzquierdoJun 6, 2026
BuyAlert-Green.png

Is a 33% Slide a Buying Opportunity? Inside One Fund’s New $4.4 Million American Assets Trust Position

Jonathan PoncianoDec 9, 2025

AAT: Motley Fool Moneyball Superscore

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About American Assets Trust

American Assets Trust owns and manages office buildings, shopping centers, and apartments. Its properties provide workplaces, shopping, and homes for businesses and families. The company helps tenants find space in busy city areas.

Bricks, Clicks, and Living Spaces: What’s on Offer?

  • Office Properties (47.1% revenue): Leases office space to companies needing workplaces in city centers.
  • Retail Properties (23.8% revenue): Provides shopping centers for stores, supermarkets, and service businesses.
  • Multifamily Properties (14.3% revenue): Rents apartments to individuals and families seeking housing in urban areas.
  • Mixed-Use Property (14.8% revenue): Combines hotel rooms and retail shops in one location, serving tourists and shoppers.

Building Up and Branching Out: Growth Moves

  • Acquired Timber Springs in 2022 for $45.5 million, expanding the office segment.
  • Completed major renovations at One Beach Street in 2024; renovations at City Center Bellevue and La Jolla Commons were completed in 2023.
  • Maintained focus on high-demand U.S. markets, with no international expansion to date.

Why This REIT Isn’t Just Another Landlord

The company targets supply-limited, high-demand urban markets, reducing competition from new buildings. Its mix of offices, shops, homes, and hotels spreads risk across different property types. Long-term relationships and local expertise help secure tenants and manage properties efficiently.

Five Things You Need to Know

  • Revenue was $110 million in Q4 2025, down 3.0% from Q4 2024.
  • Net income was $23 million in Q4 2025, down 22.7% year-over-year.
  • Funds from operations reached $198.3 million in 2024, up 7.7% from 2023.
  • Office, retail, multifamily, and mixed-use segments contributed 47.1%, 23.8%, 14.3%, and 14.8% of 2024 revenue, respectively.

Bottom Line

American Assets Trust has grown by diversifying across offices, retail, housing, and hotels. Its focus on busy U.S. markets and multiple property types helps manage risk and adapt to changing trends.

AI Generated • Apr 16, 2026

Industry

Equity Real Estate Investment Trusts (REITs)

Sector

Real Estate

Employees

232

CEO

Adam Brandon Wyll

Website

www.americanassetstrust.com

Headquarters

San Diego, CA 92121, US

AAT Financials

Key Financial Metrics (TTM)

Gross Margin

60.61%

Operating Margin

22.77%

Net Income Margin

4.65%

Return on Equity

1.81%

Return on Capital

5.11%

Return on Assets

0.71%

Earnings Yield

1.25%

Dividend Yield

5.64%

Payout Ratio

4.07%

Stock Overview

Market Cap

$1.48BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

61.39M

Volume

161.71K

Avg. Volume

412.68K

Financials (TTM)

Gross Profit

$266.55M

Operating Income

$100.11M

EBITDA

$231.74M

Operating Cash Flow

$168.84M

Capital Expenditure

-$76.24M

Free Cash Flow

$92.60M

Cash & ST Invst.

$109.70M

Total Debt

$0.00

American Assets Trust Performance Analysis

American Assets Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 422,648,00012.5%
20232023-12-31USD 441,164,0004.4%
20242024-12-31USD 457,854,0003.8%
20252025-12-31USD 480,680,0005.0%
American Assets Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-301.5%
Q42025-12-310.5%
Q12026-03-310.5%
Q22026-06-30-1.0%
American Assets Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.7253.2%
20232023-12-31USD 0.8415.6%
20242024-12-31USD 0.9412.4%
20252025-12-31USD 0.92-2.4%
American Assets Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-22.2%
Q42025-12-31-25.9%
Q12026-03-3154.1%
Q22026-06-3012.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$109.48M

+1.4%

Gross Profit

$67.92M

+0.5%

Gross Margin

62.04%

N/A

Market Cap

$1.48BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$6.22M

N/A

Employees

238

N/A

Net Income

$5.18M

-27.3%

EBITDA

$59.01M

-1.3%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$109.70M

-23.7%

Total Debt

$0.00

-100.0%

Accounts Receivable

$90.03M

-3.0%

Inventory

$0.00

N/A

Long Term Debt

$0.00

-100.0%

Short Term Debt

$0.00

N/A

Return on Assets

0.71%

N/A

Return on Invested Capital

3.46%

N/A

Free Cash Flow

$18.16M

-11.1%

Operating Cash Flow

$38.59M

+4.7%

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Questions About AAT

What is the current price of American Assets Trust?

American Assets Trust is trading at $23.68 per share.

What is the 52-week range for American Assets Trust?

Over the past 52 weeks, American Assets Trust has traded between $17.72 and $25.97.

How much debt does American Assets Trust have?

As of the most recent reporting period, American Assets Trust reported total debt of $1.72B.

How much cash does American Assets Trust have on hand?

American Assets Trust reported $118.34M in cash and cash equivalents in its most recent financial results.

What is American Assets Trust’s dividend yield?

American Assets Trust currently has a dividend yield of 5.64%.

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