AMERICAN ASSETS TRUST INC (AAT) Stock Fundamental Analysis
NYSE:AAT • US0240131047
18.85 USD
+0.06 (+0.32%)
Last: Feb 19, 2026, 12:53 PM
Taking everything into account, AAT scores 4 out of 10 in our fundamental rating. AAT was compared to 123 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.
1. Profitability
1.1 Basic Checks
- AAT had positive earnings in the past year.
- In the past year AAT had a positive cash flow from operations.
- AAT had positive earnings in each of the past 5 years.
- Of the past 5 years AAT 4 years had a positive operating cash flow.
1.2 Ratios
- AAT has a better Return On Assets (2.09%) than 64.23% of its industry peers.
- The Return On Equity of AAT (5.26%) is better than 65.85% of its industry peers.
- AAT has a Return On Invested Capital (3.01%) which is in line with its industry peers.
- AAT had an Average Return On Invested Capital over the past 3 years of 3.12%. 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)1.78%
ROA(5y)1.54%
ROE(3y)4.62%
ROE(5y)3.95%
ROIC(3y)3.12%
ROIC(5y)3.04%
1.3 Margins
- AAT's Profit Margin of 13.99% is fine compared to the rest of the industry. AAT outperforms 62.60% of its industry peers.
- AAT's Profit Margin has improved in the last couple of years.
- AAT has a Operating Margin (24.63%) which is comparable to the rest of the industry.
- AAT's Operating Margin has declined in the last couple of years.
- AAT has a worse Gross Margin (61.60%) than 64.23% 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 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.
- AAT has more shares outstanding than it did 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 0.54, we must say that AAT is in the distress zone and has some risk of bankruptcy.
- AAT has a Altman-Z score of 0.54. This is comparable to the rest of the industry: AAT outperforms 52.03% of its industry peers.
- AAT has a debt to FCF ratio of 66.24. This is a negative value and a sign of low solvency as AAT would need 66.24 years to pay back of all of its debts.
- AAT has a better Debt to FCF ratio (66.24) than 67.48% 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 44.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 66.24 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.52
WACC5.76%
2.3 Liquidity
- AAT has a Current 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 Current ratio of 1.61. This is in the better half of the industry: AAT outperforms 78.05% 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.
- Looking at the Quick ratio, with a value of 1.61, AAT is in the better half of the industry, outperforming 78.86% of the companies in the same industry.
| 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 -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.
- AAT shows a decrease in Revenue. In the last year, the revenue decreased by -4.73%.
- 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
- The Earnings Per Share is expected to grow by 51.68% on average over the next years. This is a very strong growth
- Based on estimates for the next years, AAT will show a small growth in Revenue. The Revenue will grow by 1.49% on average per year.
EPS Next Y141.28%
EPS Next 2Y51.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.74%
Revenue Next 2Y1.49%
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.
- 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
- AAT is valuated quite expensively with a Price/Earnings ratio of 104.72.
- 60.16% of the companies in the same industry are cheaper than AAT, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.27, AAT is valued quite expensively.
- With a Price/Forward Earnings ratio of 43.40, AAT can be considered very expensive at the moment.
- 65.04% of the companies in the same industry are more expensive than AAT, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.16, AAT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 104.72 | ||
| Fwd PE | 43.4 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AAT indicates a somewhat cheap valuation: AAT is cheaper than 77.24% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, AAT is valued a bit cheaper than 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.44 | ||
| EV/EBITDA | 11.53 |
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.
- A more expensive valuation may be justified as AAT's earnings are expected to grow with 51.68% in the coming years.
PEG (NY)0.74
PEG (5Y)N/A
EPS Next 2Y51.68%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.45%, AAT is a good candidate for dividend investing.
- AAT's Dividend Yield is a higher than the industry average which is at 6.78.
- AAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.45% |
5.2 History
- The dividend of AAT has a limited annual growth rate of 2.45%.
- 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)2.45%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- AAT pays out 170.43% 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.
DP170.43%
EPS Next 2Y51.68%
EPS Next 3YN/A
NYSE:AAT (2/19/2026, 12:53:16 PM)
18.85
+0.06 (+0.32%)
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-0.62%
Ins Owners1.97%
Ins Owner Change18.09%
Market Cap1.16B
Revenue(TTM)436.20M
Net Income(TTM)61.48M
Analysts46
Price Target18.36 (-2.6%)
Short Float %2.22%
Short Ratio2.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.45% |
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)-12.2%
PT rev (3m)-12.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20%
EPS NY rev (1m)-6.52%
EPS NY rev (3m)-6.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 104.72 | ||
| Fwd PE | 43.4 | ||
| P/S | 2.63 | ||
| P/FCF | 45.44 | ||
| P/OCF | 6.92 | ||
| P/B | 0.99 | ||
| P/tB | 1 | ||
| EV/EBITDA | 11.53 |
EPS(TTM)0.18
EY0.95%
EPS(NY)0.43
Fwd EY2.3%
FCF(TTM)0.41
FCFY2.2%
OCF(TTM)2.72
OCFY14.45%
SpS7.16
BVpS19.04
TBVpS18.84
PEG (NY)0.74
PEG (5Y)N/A
Graham Number8.78
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)1.78%
ROA(5y)1.54%
ROE(3y)4.62%
ROE(5y)3.95%
ROIC(3y)3.12%
ROIC(5y)3.04%
ROICexc(3y)3.36%
ROICexc(5y)3.22%
ROICexgc(3y)3.45%
ROICexgc(5y)3.31%
ROCE(3y)3.95%
ROCE(5y)3.85%
ROICexgc growth 3Y-2.43%
ROICexgc growth 5Y1.84%
ROICexc growth 3Y-2.53%
ROICexc growth 5Y1.77%
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 | 1.44 | ||
| 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 | 0.54 |
F-Score6
WACC5.76%
ROIC/WACC0.52
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
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 Year4.74%
Revenue Next 2Y1.49%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-15.76%
EBIT growth 3Y-4.01%
EBIT growth 5Y2.75%
EBIT Next Year118.73%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-81.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-18.57%
OCF growth 3YN/A
OCF growth 5YN/A
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.