AMERICAN ASSETS TRUST INC (AAT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AAT - US0240131047 - REIT
18.535 USD
-0.04 (-0.24%)
Overall AAT gets a fundamental rating of 3 out of 10. We evaluated AAT against 127 industry peers in the Diversified REITs industry. While AAT is still in line with the averages on profitability rating, there are concerns on its financial health. AAT has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
AAT had positive earnings in the past year.
AAT had a positive operating cash flow in the past year.
Each year in the past 5 years AAT has been profitable.
In the past 5 years AAT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AAT (2.09%) is better than 64.57% of its industry peers.
Looking at the Return On Equity, with a value of 5.26%, AAT is in the better half of the industry, outperforming 65.35% of the companies in the same industry.
AAT's Return On Invested Capital of 3.01% is in line compared to the rest of the industry. AAT outperforms 59.06% of its industry peers.
AAT had an Average Return On Invested Capital over the past 3 years of 3.22%. This is in line with the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.09% | ||
| ROE | 5.26% | ||
| ROIC | 3.01% |
ROA(3y)1.63%
ROA(5y)1.36%
ROE(3y)4.2%
ROE(5y)3.41%
ROIC(3y)3.22%
ROIC(5y)2.99%
1.3 Margins
AAT's Profit Margin of 13.99% is fine compared to the rest of the industry. AAT outperforms 60.63% of its industry peers.
In the last couple of years the Profit Margin of AAT has remained more or less at the same level.
AAT has a Operating Margin (24.63%) which is in line with its industry peers.
In the last couple of years the Operating Margin of AAT has declined.
AAT has a Gross Margin of 61.60%. This is in the lower half of the industry: AAT underperforms 64.57% of its industry peers.
AAT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.63% | ||
| PM (TTM) | 13.99% | ||
| GM | 61.6% |
OM growth 3Y2.01%
OM growth 5Y-1.87%
PM growth 3Y17.96%
PM growth 5Y-0.09%
GM growth 3Y-1.09%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AAT is destroying value.
AAT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for AAT has been increased compared to 5 years ago.
Compared to 1 year ago, AAT has a worse debt to assets ratio.
2.2 Solvency
AAT has an Altman-Z score of 0.53. This is a bad value and indicates that AAT is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.53, AAT perfoms like the industry average, outperforming 49.61% of the companies in the same industry.
The Debt to FCF ratio of AAT is 66.24, which is on the high side as it means it would take AAT, 66.24 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AAT (66.24) is better than 66.93% of its industry peers.
AAT has a Debt/Equity ratio of 1.44. This is a high value indicating a heavy dependency on external financing.
AAT's Debt to Equity ratio of 1.44 is in line compared to the rest of the industry. AAT outperforms 44.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 66.24 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.52
WACC5.79%
2.3 Liquidity
A Current Ratio of 1.61 indicates that AAT should not have too much problems paying its short term obligations.
AAT has a better Current ratio (1.61) than 74.80% of its industry peers.
AAT has a Quick Ratio of 1.61. This is a normal value and indicates that AAT is financially healthy and should not expect problems in meeting its short term obligations.
AAT has a better Quick ratio (1.61) than 75.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
The earnings per share for AAT have decreased strongly by -71.13% in the last year.
The Earnings Per Share has been growing slightly by 2.01% on average over the past years.
The Revenue has decreased by -3.79% in the past year.
AAT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.54% yearly.
EPS 1Y (TTM)-71.13%
EPS 3Y31.27%
EPS 5Y2.01%
EPS Q2Q%-75%
Revenue 1Y (TTM)-3.79%
Revenue growth 3Y6.8%
Revenue growth 5Y4.54%
Sales Q2Q%-10.77%
3.2 Future
Based on estimates for the next years, AAT will show a very negative growth in Earnings Per Share. The EPS will decrease by -23.57% on average per year.
AAT is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.06% yearly.
EPS Next Y-56.41%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
EPS Next 5YN/A
Revenue Next Year-3.86%
Revenue Next 2Y0.03%
Revenue Next 3Y-0.06%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 66.20, which means the current valuation is very expensive for AAT.
AAT's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of AAT to the average of the S&P500 Index (27.17), we can say AAT is valued expensively.
The Price/Forward Earnings ratio is 39.89, which means the current valuation is very expensive for AAT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AAT indicates a somewhat cheap valuation: AAT is cheaper than 65.35% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.79, AAT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.2 | ||
| Fwd PE | 39.89 |
4.2 Price Multiples
AAT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AAT is cheaper than 76.38% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AAT indicates a somewhat cheap valuation: AAT is cheaper than 68.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.51 | ||
| EV/EBITDA | 11.46 |
4.3 Compensation for Growth
AAT's earnings are expected to decrease with -23.57% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)32.92
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
5. Dividend
5.1 Amount
AAT has a Yearly Dividend Yield of 7.18%, which is a nice return.
Compared to an average industry Dividend Yield of 6.83, AAT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, AAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.18% |
5.2 History
The dividend of AAT has a limited annual growth rate of 2.45%.
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)2.45%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
170.43% of the earnings are spent on dividend by AAT. This is not a sustainable payout ratio.
AAT's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP170.43%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
NYSE:AAT (1/7/2026, 10:07:15 AM)
18.535
-0.04 (-0.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.67%
Inst Owner Change0%
Ins Owners1.97%
Ins Owner Change18.09%
Market Cap1.13B
Revenue(TTM)439.58M
Net Income(TTM)61.48M
Analysts48
Price Target20.91 (12.81%)
Short Float %2.11%
Short Ratio2.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.18% |
Yearly Dividend1.69
Dividend Growth(5Y)2.45%
DP170.43%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.94%
Min EPS beat(2)-22.99%
Max EPS beat(2)-10.89%
EPS beat(4)1
Avg EPS beat(4)-27.6%
Min EPS beat(4)-188.67%
Max EPS beat(4)112.16%
EPS beat(8)4
Avg EPS beat(8)-5.79%
EPS beat(12)7
Avg EPS beat(12)8.29%
EPS beat(16)10
Avg EPS beat(16)10.8%
Revenue beat(2)0
Avg Revenue beat(2)-0.84%
Min Revenue beat(2)-0.87%
Max Revenue beat(2)-0.82%
Revenue beat(4)1
Avg Revenue beat(4)-1.87%
Min Revenue beat(4)-6.2%
Max Revenue beat(4)0.39%
Revenue beat(8)4
Avg Revenue beat(8)0.57%
Revenue beat(12)7
Avg Revenue beat(12)1.04%
Revenue beat(16)11
Avg Revenue beat(16)2.14%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)1.38%
Revenue NQ rev (3m)1.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.2 | ||
| Fwd PE | 39.89 | ||
| P/S | 2.58 | ||
| P/FCF | 44.51 | ||
| P/OCF | 6.78 | ||
| P/B | 0.97 | ||
| P/tB | 0.98 | ||
| EV/EBITDA | 11.46 |
EPS(TTM)0.28
EY1.51%
EPS(NY)0.46
Fwd EY2.51%
FCF(TTM)0.42
FCFY2.25%
OCF(TTM)2.73
OCFY14.75%
SpS7.19
BVpS19.12
TBVpS18.91
PEG (NY)N/A
PEG (5Y)32.92
Graham Number10.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.09% | ||
| ROE | 5.26% | ||
| ROCE | 3.81% | ||
| ROIC | 3.01% | ||
| ROICexc | 3.16% | ||
| ROICexgc | 3.23% | ||
| OM | 24.63% | ||
| PM (TTM) | 13.99% | ||
| GM | 61.6% | ||
| FCFM | 5.79% |
ROA(3y)1.63%
ROA(5y)1.36%
ROE(3y)4.2%
ROE(5y)3.41%
ROIC(3y)3.22%
ROIC(5y)2.99%
ROICexc(3y)3.44%
ROICexc(5y)3.17%
ROICexgc(3y)3.52%
ROICexgc(5y)3.25%
ROCE(3y)4.08%
ROCE(5y)3.79%
ROICexgc growth 3Y9.09%
ROICexgc growth 5Y1.31%
ROICexc growth 3Y9.26%
ROICexc growth 5Y1.53%
OM growth 3Y2.01%
OM growth 5Y-1.87%
PM growth 3Y17.96%
PM growth 5Y-0.09%
GM growth 3Y-1.09%
GM growth 5Y-0.21%
F-Score6
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 66.24 | ||
| Debt/EBITDA | 7.2 | ||
| Cap/Depr | 112.48% | ||
| Cap/Sales | 32.24% | ||
| Interest Coverage | 1.3 | ||
| Cash Conversion | 71.36% | ||
| Profit Quality | 41.43% | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.61 | ||
| Altman-Z | 0.53 |
F-Score6
WACC5.79%
ROIC/WACC0.52
Cap/Depr(3y)84.76%
Cap/Depr(5y)115.74%
Cap/Sales(3y)23.91%
Cap/Sales(5y)34.48%
Profit Quality(3y)165.81%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-71.13%
EPS 3Y31.27%
EPS 5Y2.01%
EPS Q2Q%-75%
EPS Next Y-56.41%
EPS Next 2Y-30.07%
EPS Next 3Y-23.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.79%
Revenue growth 3Y6.8%
Revenue growth 5Y4.54%
Sales Q2Q%-10.77%
Revenue Next Year-3.86%
Revenue Next 2Y0.03%
Revenue Next 3Y-0.06%
Revenue Next 5YN/A
EBIT growth 1Y-15.76%
EBIT growth 3Y8.95%
EBIT growth 5Y2.59%
EBIT Next Year62.95%
EBIT Next 3Y18.93%
EBIT Next 5YN/A
FCF growth 1Y-74.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.12%
OCF growth 3Y7.16%
OCF growth 5Y6.13%
AMERICAN ASSETS TRUST INC / AAT FAQ
What is the fundamental rating for AAT stock?
ChartMill assigns a fundamental rating of 3 / 10 to AAT.
What is the valuation status of AMERICAN ASSETS TRUST INC (AAT) stock?
ChartMill assigns a valuation rating of 2 / 10 to AMERICAN ASSETS TRUST INC (AAT). This can be considered as Overvalued.
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 3 / 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 decline by -56.41% in the next year.