American Assets Trust, Inc.
AAT NYSE· Real Estate Investment Trusts
Last close · Oct 23, 2026
$21.36
KIRA · Stoqly’s AI analyst, in plain words
- American Assets Trust, Inc. had $436M of revenue in fiscal 2025, down 4.7% on the year before. Over five years, revenue changed +4.8% a year on average.
- Its operating margin was 33.5%, up 5.2 pts: of every 100 in sales, about 33 is left after running the business.
- American Assets Trust, Inc. made $71.4M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 2.8% a year.
- American Assets Trust, Inc. returned $105M to shareholders in fiscal 2025. The diluted share count rose 0.3%.
- American Assets Trust, Inc. owes $1.6B more than it holds in cash, about 5.7 years of operating profit.
Market cap
$1.6B
P/E
73.7x
Revenue
$436M
Net income
$71.4M
Free cash flow
—
Operating margin
33.5%
American Assets Trust, Inc. in 30 seconds · fiscal 2025
Are sales growing?
−4.7%
No. Sales fell 4.7% last year.
Does it make a profit?
16.4%
Yes. It keeps 16.4% of every sale as profit.
Is debt under control?
5.7x
Heavy. Repaying its debt would take 5.7 years of operating profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
73.7x
One share costs 73.7 times its yearly profit per share.
What American Assets Trust, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 6, 2026
- Legal name
- American Assets Trust, Inc.
- CIK
- 0001500217
American Assets Trust, Inc. · AAT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $376M | $423M | $441M | $458M | $436M |
| Revenue growth | 9.1% | 12.5% | 4.4% | 3.8% | −4.7% |
| Gross margin | 65.5% | 63.9% | 62.8% | 63.4% | 61.1% |
| Operating margin | 26.6% | 27.1% | 27.6% | 28.2% | 33.5% |
| Net income | $36.6M | $55.9M | $64.7M | $72.8M | $71.4M |
| Net margin | 9.7% | 13.2% | 14.7% | 15.9% | 16.4% |
| Diluted EPS | $0.47 | $0.72 | $0.84 | $0.94 | $0.92 |
| Cash | |||||
| Cash from operations | $168M | $179M | $189M | $207M | $167M |
| Dividends paid | $88.9M | $98.2M | $102M | $103M | $105M |
| Share count change | 0.1% | 0.1% | 0.1% | 0.2% | 0.3% |
| Debt and strength | |||||
| Cash and short-term investments | $140M | $49.6M | $82.9M | $426M | $129M |
| Debt incl. finance leases | $1.7B | $1.6B | $1.7B | $2.0B | $1.7B |
| Shareholders' equity | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Net debt / EBITDA | 7.0x | 6.6x | 6.7x | 6.3x | 5.7x |
| Interest coverage | 1.7x | — | — | — | — |
| Returns and quality | |||||
| Return on capital | 2.9% | 3.2% | 3.4% | 3.7% | 4.2% |
| Return on equity | 2.9% | 4.5% | 5.3% | 6.1% | 6.1% |
| Return on tangible equity | 2.3% | 3.6% | 4.3% | 4.9% | 4.9% |
| Piotroski F-score | 6 | 6 | 5 | 5 | 6 |
Insiders bought, 12 months
$36.1M
1 insider
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
American Assets Trust, Inc. · AAT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $21.36 a share, the company is worth $1.6B: 73.7 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001500217). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.