AMERICAN ASSETS TRUST INC (AAT) Fundamental Analysis & Valuation
NYSE:AAT • US0240131047
Current stock price
19 USD
-0.09 (-0.47%)
Last:
This AAT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. AAT Profitability Analysis
1.1 Basic Checks
- In the past year AAT was profitable.
- AAT had a positive operating cash flow in the past year.
- In the past 5 years AAT has always been profitable.
- Each year in the past 5 years AAT had a positive operating cash flow.
1.2 Ratios
- AAT has a better Return On Assets (1.90%) than 60.98% of its industry peers.
- AAT's Return On Equity of 4.84% is fine compared to the rest of the industry. AAT outperforms 60.16% of its industry peers.
- AAT has a Return On Invested Capital (2.84%) which is in line with its industry peers.
- The Average Return On Invested Capital over the past 3 years for AAT is in line with the industry average of 3.11%.
| 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
- AAT has a Profit Margin of 12.76%. This is in the better half of the industry: AAT outperforms 60.98% of its industry peers.
- AAT's Profit Margin has improved in the last couple of years.
- AAT has a Operating Margin of 23.26%. This is comparable to the rest of the industry: AAT outperforms 52.03% of its industry peers.
- In the last couple of years the Operating Margin of AAT has declined.
- With a Gross Margin value of 61.12%, AAT is not doing good in the industry: 65.04% of the companies in the same industry are doing better.
- 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. AAT Health Analysis
2.1 Basic Checks
- AAT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, AAT has more shares outstanding
- Compared to 5 years ago, AAT has more shares outstanding
- The debt/assets ratio for AAT has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.52, we must say that AAT is in the distress zone and has some risk of bankruptcy.
- AAT has a Altman-Z score (0.52) which is comparable to the rest of the industry.
- AAT has a debt to FCF ratio of 62.55. This is a negative value and a sign of low solvency as AAT would need 62.55 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 62.55, AAT is in the better half of the industry, outperforming 67.48% 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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 62.55 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.46
WACC6.16%
2.3 Liquidity
- A Current Ratio of 1.48 indicates that AAT should not have too much problems paying its short term obligations.
- The Current ratio of AAT (1.48) is better than 79.67% 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 has a better Quick ratio (1.48) than 80.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.48 |
3. AAT Growth Analysis
3.1 Past
- The earnings per share for AAT have decreased strongly by -81.05% in the last year.
- Measured over the past years, AAT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.11% on average per year.
- The Revenue has decreased by -4.73% in the past year.
- Measured over the past years, AAT shows a small growth in Revenue. The Revenue has been growing by 4.83% on average per year.
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
- Based on estimates for the next years, AAT will show a very strong growth in Earnings Per Share. The EPS will grow by 51.68% on average per year.
- Based on estimates for the next years, AAT will show a small growth in Revenue. The Revenue will grow by 1.51% on average per year.
EPS Next Y141.28%
EPS Next 2Y51.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.83%
Revenue Next 2Y1.51%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. AAT Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 105.56 indicates a quite expensive valuation of AAT.
- The rest of the industry has a similar Price/Earnings ratio as AAT.
- AAT is valuated expensively when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
- AAT is valuated quite expensively with a Price/Forward Earnings ratio of 43.75.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of AAT indicates a somewhat cheap valuation: AAT is cheaper than 65.04% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.12, AAT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 105.56 | ||
| Fwd PE | 43.75 |
4.2 Price Multiples
- 71.54% of the companies in the same industry are more expensive than AAT, based on the Enterprise Value to EBITDA ratio.
- 71.54% of the companies in the same industry are more expensive than AAT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.23 | ||
| EV/EBITDA | 11.93 |
4.3 Compensation for Growth
- The 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)0.75
PEG (5Y)N/A
EPS Next 2Y51.68%
EPS Next 3YN/A
5. AAT Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 7.21%, AAT is a good candidate for dividend investing.
- AAT's Dividend Yield is a higher than the industry average which is at 7.30.
- AAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
| 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 paid a dividend for at least 10 years, which is 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
- 189.14% of the earnings are spent on dividend by AAT. 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
AAT Fundamentals: All Metrics, Ratios and Statistics
NYSE:AAT (3/18/2026, 1:36:44 PM)
19
-0.09 (-0.47%)
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 Owners116.85%
Inst Owner Change-0.38%
Ins Owners1.96%
Ins Owner Change18.81%
Market Cap1.17B
Revenue(TTM)436.20M
Net Income(TTM)55.65M
Analysts46
Price Target18.36 (-3.37%)
Short Float %2.57%
Short Ratio3.29
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)0%
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)-4.27%
Revenue NQ rev (3m)-1.89%
Revenue NY rev (1m)-1.83%
Revenue NY rev (3m)-1.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 105.56 | ||
| Fwd PE | 43.75 | ||
| P/S | 2.67 | ||
| P/FCF | 43.23 | ||
| P/OCF | 6.98 | ||
| P/B | 1.01 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 11.93 |
EPS(TTM)0.18
EY0.95%
EPS(NY)0.43
Fwd EY2.29%
FCF(TTM)0.44
FCFY2.31%
OCF(TTM)2.72
OCFY14.33%
SpS7.11
BVpS18.75
TBVpS18.56
PEG (NY)0.75
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 | 0.52 |
F-Score6
WACC6.16%
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 Year2.83%
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 Year120.98%
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 Fundamental Analysis 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.