AMERICAN ASSETS TRUST INC (AAT) Stock Fundamental Analysis
NYSE:AAT • US0240131047
19.68 USD
+0.43 (+2.23%)
At close: Feb 25, 2026
19.68 USD
0 (0%)
After Hours: 2/25/2026, 5:05:00 PM
Taking everything into account, AAT scores 4 out of 10 in our fundamental rating. AAT was compared to 122 industry peers in the Diversified REITs industry. AAT has only an average score on both its financial health and profitability. AAT has a valuation in line with the averages, but it does not seem to be growing. AAT also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year AAT was profitable.
- In the past year AAT had a positive cash flow from operations.
- AAT had positive earnings in each of the past 5 years.
- AAT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a decent Return On Assets value of 1.90%, AAT is doing good in the industry, outperforming 62.30% of the companies in the same industry.
- The Return On Equity of AAT (4.84%) is better than 63.11% of its industry peers.
- AAT has a Return On Invested Capital of 2.84%. This is comparable to the rest of the industry: AAT outperforms 52.46% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for AAT is in line with the industry average of 3.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 4.84% | ||
| ROIC | 2.84% |
ROA(3y)1.78%
ROA(5y)1.54%
ROE(3y)4.62%
ROE(5y)3.95%
ROIC(3y)3.13%
ROIC(5y)3.04%
1.3 Margins
- The Profit Margin of AAT (12.76%) is better than 60.66% of its industry peers.
- In the last couple of years the Profit Margin of AAT has grown nicely.
- AAT's Operating Margin of 23.26% is in line compared to the rest of the industry. AAT outperforms 51.64% of its industry peers.
- AAT's Operating Margin has declined in the last couple of years.
- AAT has a worse Gross Margin (61.12%) than 64.75% of its industry peers.
- In the last couple of years the Gross Margin of AAT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.26% | ||
| PM (TTM) | 12.76% | ||
| GM | 61.12% |
OM growth 3Y-5.02%
OM growth 5Y-1.98%
PM growth 3Y7.42%
PM growth 5Y9.68%
GM growth 3Y-1.49%
GM growth 5Y-1.18%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AAT is destroying value.
- The number of shares outstanding for AAT has been increased compared to 1 year ago.
- AAT has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, AAT has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.53, we must say that AAT is in the distress zone and has some risk of bankruptcy.
- AAT has a Altman-Z score (0.53) which is comparable to the rest of the industry.
- The Debt to FCF ratio of AAT is 62.55, which is on the high side as it means it would take AAT, 62.55 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 62.55, AAT is doing good in the industry, outperforming 68.85% of the companies in the same industry.
- AAT has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
- AAT has a Debt to Equity ratio (1.47) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 62.55 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.46
WACC6.15%
2.3 Liquidity
- A Current Ratio of 1.48 indicates that AAT should not have too much problems paying its short term obligations.
- AAT's Current ratio of 1.48 is fine compared to the rest of the industry. AAT outperforms 76.23% of its industry peers.
- AAT has a Quick Ratio of 1.48. This is a normal value and indicates that AAT is financially healthy and should not expect problems in meeting its short term obligations.
- AAT's Quick ratio of 1.48 is fine compared to the rest of the industry. AAT outperforms 77.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.48 |
3. Growth
3.1 Past
- The earnings per share for AAT have decreased strongly by -81.05% in the last year.
- AAT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.11% yearly.
- Looking at the last year, AAT shows a decrease in Revenue. The Revenue has decreased by -4.73% in the last year.
- AAT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.83% yearly.
EPS 1Y (TTM)-81.05%
EPS 3Y-37.29%
EPS 5Y-17.11%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-4.73%
Revenue growth 3Y1.06%
Revenue growth 5Y4.83%
Sales Q2Q%-2.97%
3.2 Future
- The Earnings Per Share is expected to grow by 51.68% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 1.51% on average over the next years.
EPS Next Y141.28%
EPS Next 2Y51.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.45%
Revenue Next 2Y1.51%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- AAT is valuated quite expensively with a Price/Earnings ratio of 109.33.
- The rest of the industry has a similar Price/Earnings ratio as AAT.
- Compared to an average S&P500 Price/Earnings ratio of 26.98, AAT is valued quite expensively.
- The Price/Forward Earnings ratio is 45.31, which means the current valuation is very expensive for AAT.
- AAT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AAT is cheaper than 65.57% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of AAT to the average of the S&P500 Index (28.01), we can say AAT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 109.33 | ||
| Fwd PE | 45.31 |
4.2 Price Multiples
- AAT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AAT is cheaper than 74.59% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, AAT is valued a bit cheaper than the industry average as 70.49% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.78 | ||
| EV/EBITDA | 11.98 |
4.3 Compensation for Growth
- AAT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- AAT's earnings are expected to grow with 51.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y51.68%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- AAT has a Yearly Dividend Yield of 7.21%, which is a nice return.
- Compared to an average industry Dividend Yield of 6.88, AAT pays a bit more dividend than its industry peers.
- AAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.21% |
5.2 History
- The dividend of AAT is nicely growing with an annual growth rate of 6.25%!
- AAT has been paying a dividend for at least 10 years, so it has a reliable track record.
- AAT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.25%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- AAT pays out 189.14% of its income as dividend. This is not a sustainable payout ratio.
- AAT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP189.14%
EPS Next 2Y51.68%
EPS Next 3YN/A
19.68
+0.43 (+2.23%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-03 2026-02-03/amc
Earnings (Next)04-27 2026-04-27
Inst Owners95.67%
Inst Owner Change-0.37%
Ins Owners1.97%
Ins Owner Change18.81%
Market Cap1.21B
Revenue(TTM)436.20M
Net Income(TTM)55.65M
Analysts46
Price Target18.36 (-6.71%)
Short Float %2.22%
Short Ratio2.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.21% |
Yearly Dividend1.72
Dividend Growth(5Y)6.25%
DP189.14%
Div Incr Years4
Div Non Decr Years4
Ex-Date03-05 2026-03-05 (0.34)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-30.56%
Min EPS beat(2)-38.12%
Max EPS beat(2)-22.99%
EPS beat(4)0
Avg EPS beat(4)-65.17%
Min EPS beat(4)-188.67%
Max EPS beat(4)-10.89%
EPS beat(8)3
Avg EPS beat(8)-11.2%
EPS beat(12)7
Avg EPS beat(12)5.19%
EPS beat(16)9
Avg EPS beat(16)7.44%
Revenue beat(2)0
Avg Revenue beat(2)-2.03%
Min Revenue beat(2)-3.2%
Max Revenue beat(2)-0.87%
Revenue beat(4)0
Avg Revenue beat(4)-2.77%
Min Revenue beat(4)-6.2%
Max Revenue beat(4)-0.82%
Revenue beat(8)3
Avg Revenue beat(8)-0.19%
Revenue beat(12)7
Avg Revenue beat(12)0.91%
Revenue beat(16)10
Avg Revenue beat(16)1.38%
PT rev (1m)-5.26%
PT rev (3m)-12.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.52%
Revenue NQ rev (1m)-3.36%
Revenue NQ rev (3m)-0.95%
Revenue NY rev (1m)-1.24%
Revenue NY rev (3m)-0.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 109.33 | ||
| Fwd PE | 45.31 | ||
| P/S | 2.77 | ||
| P/FCF | 44.78 | ||
| P/OCF | 7.23 | ||
| P/B | 1.05 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 11.98 |
EPS(TTM)0.18
EY0.91%
EPS(NY)0.43
Fwd EY2.21%
FCF(TTM)0.44
FCFY2.23%
OCF(TTM)2.72
OCFY13.83%
SpS7.11
BVpS18.75
TBVpS18.56
PEG (NY)0.77
PEG (5Y)N/A
Graham Number8.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 4.84% | ||
| ROCE | 3.6% | ||
| ROIC | 2.84% | ||
| ROICexc | 2.98% | ||
| ROICexgc | 3.04% | ||
| OM | 23.26% | ||
| PM (TTM) | 12.76% | ||
| GM | 61.12% | ||
| FCFM | 6.19% |
ROA(3y)1.78%
ROA(5y)1.54%
ROE(3y)4.62%
ROE(5y)3.95%
ROIC(3y)3.13%
ROIC(5y)3.04%
ROICexc(3y)3.37%
ROICexc(5y)3.23%
ROICexgc(3y)3.44%
ROICexgc(5y)3.3%
ROCE(3y)3.96%
ROCE(5y)3.85%
ROICexgc growth 3Y-2.55%
ROICexgc growth 5Y1.76%
ROICexc growth 3Y-2.3%
ROICexc growth 5Y1.91%
OM growth 3Y-5.02%
OM growth 5Y-1.98%
PM growth 3Y7.42%
PM growth 5Y9.68%
GM growth 3Y-1.49%
GM growth 5Y-1.18%
F-Score6
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 62.55 | ||
| Debt/EBITDA | 7.38 | ||
| Cap/Depr | 110.07% | ||
| Cap/Sales | 32.13% | ||
| Interest Coverage | 1.28 | ||
| Cash Conversion | 73.05% | ||
| Profit Quality | 48.49% | ||
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.48 | ||
| Altman-Z | 0.53 |
F-Score6
WACC6.15%
ROIC/WACC0.46
Cap/Depr(3y)78.49%
Cap/Depr(5y)126.02%
Cap/Sales(3y)22.09%
Cap/Sales(5y)37.22%
Profit Quality(3y)166.49%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-81.05%
EPS 3Y-37.29%
EPS 5Y-17.11%
EPS Q2Q%-66.67%
EPS Next Y141.28%
EPS Next 2Y51.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.73%
Revenue growth 3Y1.06%
Revenue growth 5Y4.83%
Sales Q2Q%-2.97%
Revenue Next Year3.45%
Revenue Next 2Y1.51%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-21.47%
EBIT growth 3Y-4.01%
EBIT growth 5Y2.75%
EBIT Next Year118.73%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-80.29%
FCF growth 3Y10.13%
FCF growth 5Y-15.73%
OCF growth 1Y-19.31%
OCF growth 3Y-2.28%
OCF growth 5Y5.64%
AMERICAN ASSETS TRUST INC / AAT FAQ
What is the fundamental rating for AAT stock?
ChartMill assigns a fundamental rating of 4 / 10 to AAT.
What is the valuation status of AMERICAN ASSETS TRUST INC (AAT) stock?
ChartMill assigns a valuation rating of 4 / 10 to AMERICAN ASSETS TRUST INC (AAT). This can be considered as Fairly Valued.
What is the profitability of AAT stock?
AMERICAN ASSETS TRUST INC (AAT) has a profitability rating of 5 / 10.
Can you provide the financial health for AAT stock?
The financial health rating of AMERICAN ASSETS TRUST INC (AAT) is 4 / 10.
What is the expected EPS growth for AMERICAN ASSETS TRUST INC (AAT) stock?
The Earnings per Share (EPS) of AMERICAN ASSETS TRUST INC (AAT) is expected to grow by 141.28% in the next year.