American Assets Trust, Inc.

AAT • REIT - Diversified

$22.04

▼ -0.12 (-0.54%)

Current price

EarningsLatest report: Mar 31, 2026

FAVORABLE PROFILEAttractiveConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Strong business quality with supportive growth and cash-flow evidence. Valuation still matters, but the historical ratio profile is favorable.

Market Cap

$1.69B

Growth

4.3%

Cash Flow

5/5

Trend

Stable

Evidence

Stable or improving margins · 16.4%Positive free cash flow · 1.57Consistent free cash flow · 5/5Reasonable earnings multiple · 16.06Healthy liquidity · 2.04

Financial data as of: Mar 31, 2026, 12:00 AM UTCLast earnings update: Apr 28, 2026, 12:00 AM UTCLast profile update: Aug 5, 2026, 2:27 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$22.04

Change-0.54%

Shares Out76.88M

Market Cap$1.69B

Enterprise Value$3.26B

52W Range17.72 - 24.85

Beta1.00

P/E75.65

P/S3.87

P/B1.49

P/FCF18.30

EV/Sales7.45

Price$22.04

Change-0.54%

Shares Out76.88M

Market Cap$1.69B

Enterprise Value$3.26B

52W Range17.72 - 24.85

Beta1.00

P/E75.65

P/S3.87

P/B1.49

P/FCF18.30

EV/Sales7.45

EV/EBITDA14.04

EV/FCF35.25

Earnings Yield1.32%

FCF Yield5.46%

Dividend Yield7.48%

Gross Margin61.12%

Oper. Margin33.45%

Profit Margin16.36%

Debt/Eq1.48

Current Ratio2.04

Quick Ratio2.04

Revenue 5Y4.25%

FCF 5Y9.21%

Target$18.00

Target Upside-18.33%

Target Median$18.00

Target Range18.00 - 18.00

Volume293.66K

Avg Volume433.30K

EPS Surprise0.00

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

88/100

Financial Strength

Debt, cash, stability

63/100

Growth Potential

Revenue and expansion

72/100

Price Attractiveness

Cheap or expensive today

84/100

Why this score▼

Stable or improving margins · 16.4%Positive free cash flow · 1.57Consistent free cash flow · 5/5Reasonable earnings multiple · 16.06Healthy liquidity · 2.04

Analyst view

Analyst sentiment and price target

AAT

Analyst sentiment

Based on 11 analyst votes · 2026-09-05

55/100

Neutral

Bullish

Hold

Bearish

Price Target

2026-06-25

Low

$18.00

Mean

$18.50

Median

$18.50

High

$19.00

Company Overview

IPO: 1/13/2011

Industry: REIT - Diversified

P/B i: 1.49

Debt / Equity i: 1.48

Operating Margin: 33.45%

Net Margin: 16.36%

ROE i: -

ROIC: -

Financial Health

Score13 / 20

Debt / Equity: 1.48

Current Ratio: 2.04

Quick Ratio: 2.04

Status: Good

Insider Transactions

Recent executive and insider activity

RADY ERNEST S

Transaction: 06/15/2026

BUY

Change

+10,000

Price

$24.21

Filing

06/15/2026

Type

BUY

RADY ERNEST S

Transaction: 06/12/2026

BUY

Change

+10,000

Price

$24.63

Filing

06/12/2026

Type

BUY

RADY ERNEST S

Transaction: 06/11/2026

BUY

Change

+2,000

Price

$24.62

Filing

06/12/2026

Type

BUY

Insider	Type	Change	Price	Transaction	Filing
RADY ERNEST S	BUY	+10,000	$24.21	06/15/2026	06/15/2026
RADY ERNEST S	BUY	+10,000	$24.63	06/12/2026	06/12/2026
RADY ERNEST S	BUY	+2,000	$24.62	06/11/2026	06/12/2026
RADY ERNEST S	BUY	+10,000	$24.64	06/10/2026	06/12/2026
Schaefer Joy L.	BUY	+3,843	Not reported	06/01/2026	06/01/2026
TANZ STUART A	BUY	+3,843	Not reported	06/01/2026	06/01/2026
Olinger Thomas S	BUY	+3,843	Not reported	06/01/2026	06/01/2026
SULLIVAN ROBERT S	BUY	+3,843	Not reported	06/01/2026	06/01/2026
RADY ERNEST S	BUY	+10,000	$23.59	05/29/2026	05/29/2026
RADY ERNEST S	BUY	+16,337	$22.96	05/28/2026	05/29/2026
RADY ERNEST S	BUY	+80,000	$22.56	05/27/2026	05/29/2026
RADY ERNEST S	BUY	+10,000	$22.67	05/22/2026	05/22/2026
RADY ERNEST S	BUY	+56,656	$21.70	05/21/2026	05/21/2026
RADY ERNEST S	BUY	+4,880	$21.32	05/20/2026	05/21/2026
RADY ERNEST S	BUY	+17,319	$21.15	05/19/2026	05/21/2026
RADY ERNEST S	BUY	+2,400	$21.00	05/18/2026	05/18/2026
RADY ERNEST S	BUY	+29,360	$20.79	05/15/2026	05/18/2026
RADY ERNEST S	BUY	+78,000	$21.09	05/14/2026	05/14/2026
RADY ERNEST S	BUY	+78,000	$20.99	05/13/2026	05/14/2026
RADY ERNEST S	BUY	+14,640	$21.01	05/12/2026	05/14/2026

About the Company

American Assets Trust, Inc.

American Assets Trust, Inc. (AAT) operates as a fully integrated and internally managed real estate investment trust (REIT), headquartered in San Diego, California. The company boasts an extensive history spanning more than 50 years, specializing in the acquisition, improvement, development, and active management of premium office, retail, and residential properties. AAT strategically targets dynamic, high-barrier-to-entry markets throughout the United States, with a particular concentration in Southern and Northern California, Oregon, Washington, Texas, and Hawaii. Its substantial portfolio features approximately 3.4 million rentable square feet dedicated to office properties and about 3.1 million square feet in its retail holdings. Furthermore, AAT owns a notable mixed-use asset comprising roughly 97,000 rentable square feet of retail space alongside a 369-room all-suite hotel, in addition to 2,112 multifamily residential units. Established in 2011 as the successor to American Assets, Inc., a private entity founded in 1967, the company leverages this long-standing lineage to its advantage, possessing profound experience, robust relationships, and an unparalleled understanding of its primary markets, submarkets, and various asset classes.

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Peers

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Size reflects market cap · color matches the chart line

1Y peer performance

Top performers + selected company

Latest news

American Assets Trust Founder Ernest Rady Buy $3.7 Million Shares in a Resoundingly Bullish Move

Acquisition of ~166,600 shares for a total transaction value of ~$3.7 million across execution dates of August 31, 2026, and September 1, 2026. The purchase size represents 1% of the total equity stake held before the filing.

The Motley Fool

American Assets Trust: This 6% REIT Is A Hold

American Assets Trust, Inc. is rated 'Hold' as shares trade near fair value, with execution risk tied to lease commencements. American Assets Trust's Q2 2026 earnings missed estimates, but management reaffirmed FFO guidance and expects stronger H2 results as signed leases commence. Leverage remains elevated at 6.7x net debt/EBITDA, but liquidity is ample and debt maturities are well-laddered, mitigating near-term financial pressures.

Seeking Alpha

American Assets Trust Executive Chairman Rady Buys 100,000 Shares. Is This a Bullish Signal?

The indirect purchase involved ~100,000 shares at a weighted average price of $22.54 per share, representing an investment of ~$2.3 million. This transaction represents a size equal to 0.71% of the total equity stake held before the filing.

The Motley Fool

American Assets Trust Executive Chairman Rady Buys $1.8 Million Shares. What Is This Telling Investors?

The indirect acquisition of 79,729 shares represents a capital commitment of approximately $1.8 million based on a weighted average price of $22.83. The executive traded shares equal to 0.57% of the indirect stake held before the filing.

The Motley Fool

American Assets Trust Executive Chairman Rady Buys $1. Million Shares.

The purchase of 50,000 shares was executed at $22.75 per share, representing an investment of ~$1.1 million. The transaction increased the total equity position by 0.36% while maintaining a substantial 23% ownership stake in the firm.

The Motley Fool

Earnings Surprises

Period	Estimate	Actual	Surprise
2026-04-28	0.51	0.51	0
2026-02-03	0.48	0.47	-0.01
2025-10-28	0.49	0.49	0
2025-07-29	0.49	0.52	0.03
2025-04-29	0.45	0.52	0.07
2025-02-04	0.14	0.55	0.41
2024-10-29	0.54	0.71	0.17
2024-07-30	0.53	0.6	0.07
2024-04-30	0.67	0.71	0.04
2024-02-06	0.56	0.57	0.01
2023-10-24	0.55	0.59	0.04
2023-07-25	0.54	0.59	0.05