American Assets Trust/$AAT
1D1W1MYTD1Y5YMAX
Capital at risk
About American Assets Trust
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are predominantly located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
- Ticker
- $AAT
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 232
- Headquarters
- San Diego, United States
- Website
- www.americanassetstrust.com
AAT Metrics
BasicAdvanced
$1.3B
72.98
$0.30
0.98
$1.36
6.29%
Price and volume
Market cap
$1.3B
Beta
0.98
52-week high
$25.97
52-week low
$17.72
Average daily volume
435K
Dividend rate
$1.36
Financial strength
Current ratio
0.62
Quick ratio
0.586
Long term debt to equity
1.379
Total debt to equity
1.618
Dividend payout ratio (TTM)
464.32%
Interest coverage (TTM)
1.26%
Profitability
EBITDA (TTM)
228.644
Gross margin (TTM)
61.82%
Net profit margin (TTM)
4.13%
Operating margin (TTM)
22.99%
Effective tax rate (TTM)
1.88%
Revenue per employee (TTM)
$1,880,000
Management effectiveness
Return on assets (TTM)
2.14%
Return on equity (TTM)
2.16%
Valuation
Price to earnings (TTM)
72.98
Price to revenue (TTM)
3.011
Price to book
1.18
Price to tangible book (TTM)
1.19
Price to free cash flow (TTM)
14.787
Free cash flow yield (TTM)
6.76%
Free cash flow per share (TTM)
1.462
Dividend yield (TTM)
6.29%
Forward dividend yield
6.29%
Growth
Revenue change (TTM)
-2.88%
Earnings per share change (TTM)
-75.68%
3-year revenue growth (CAGR)
0.40%
10-year revenue growth (CAGR)
4.48%
3-year earnings per share growth (CAGR)
-29.36%
10-year earnings per share growth (CAGR)
-9.63%
3-year dividend per share growth (CAGR)
1.52%
10-year dividend per share growth (CAGR)
3.30%
Bulls say / Bears say
AAT produced strong leasing spreads in Q2 2026, including 9.1% cash rent growth on comparable office leases and 3.0% on comparable retail leases, while achieving record average rental rates across office, retail, and multifamily. (American Assets Trust)
Liquidity improved materially after the April 2026 credit agreement amendment: AAT had $609.7 million of liquidity at June 30, including $500 million of revolver availability, and only one of its 31 assets was encumbered by a mortgage. (American Assets Trust)
Management reaffirmed 2026 FFO-per-share guidance of $1.96-$2.10 and declared a $0.34-per-share third-quarter dividend, providing earnings visibility and a sizable recurring distribution for shareholders. (American Assets Trust)
FFO per diluted share fell to $0.51 in Q2 2026 from $0.52 a year earlier, while first-half same-store cash NOI declined 0.1%, indicating limited near-term operating growth. (American Assets Trust)
Occupancy weakened in several portfolios: multifamily fell to 88.4% from 94.7% in the prior quarter, mixed-use retail declined to 92.2% from 96.2%, and office occupancy remained only 84.4% at June 30, 2026. (American Assets Trust)
Interest expense rose to $39.6 million in the first half of 2026 from $38.6 million a year earlier, while the company carried $1.61 billion of unsecured notes payable; higher financing costs could continue to pressure cash available for growth and dividends. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
Upcoming events
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AAT News
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Funds containing AAT
AllUSDGBPEUR
Fund name | Fund size | $AAT weighting |
|---|---|---|
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.07% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.07% |
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.06% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.06% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.04% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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