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NYSE · REIT - Diversified · USD

American Assets Trust, Inc. (AAT) Stock Analysis

American Assets Trust, Inc. (AAT) is a REIT - Diversified stock listed on NYSE and quoted in US Dollar.

AAT

$22.04

−$0.12 (−0.54%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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AAT Key Statistics

As of Sep 4, 2026
Trading
Open
$22.02
Previous Close
$22.16
Day's Range
21.95–22.41
52-Week Range
17.72–25.97
Volume
480.20K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.97
Valuation
Market Cap
$1.71B
P/E Ratio
73.47
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
9.34
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.93
EPS (ttm)Profit attributable to each share over the last twelve months.
0.30
Financials (FY)
Revenue (FY)
$436.20M−4.73%
Net Income (FY)
$71.37M−1.99%
Profit marginThe share of revenue left as profit after all costs and taxes.
4.13%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
61.40M
1-Year Return
+12.42%
Dividend and dates
Dividend
$1.36+6.14%
Ex-Dividend Date
September 3, 2026
Earnings Date
October 27, 2026
Avg Volume
427.34K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

AAT Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+20.21%
2025−22.96%
2024+23.32%
2023−9.58%
2022−26.36%
2021+34.03%
2020−35.04%
2019+17.11%
2018+8.14%
2017−8.89%
2016 (partial year)−3.87%

As of September 4, 2026.

AAT Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$436.20M$71.37M16.4%
2024$457.85M$72.82M15.9%
2023$441.16M$64.69M14.7%
2022$422.65M$55.88M13.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$436.20M$266.61M$101.46M$71.37M16.4%
2024$457.85M$290.13M$129.20M$72.82M15.9%
2023$441.16M$277.21M$121.75M$64.69M14.7%
2022$422.65M$270.22M$114.73M$55.88M13.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

AAT Dividend History

$1.36+1.5% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.023—
2025$1.364+1.5%
2024$1.344+1.5%
2023$1.324+3.1%
YearDividends per sharePaymentsChange
2026 (partial year)$1.023—
2025$1.364+1.5%
2024$1.344+1.5%
2023$1.324+3.1%
2022$1.284+10.3%
2021$1.164+16.0%
2020$1.004−12.3%
2019$1.144+4.6%
2018$1.094+3.8%
2017$1.054+105.9%
2016$0.512—

Most recent payment: $0.34 per share, ex-dividend September 3, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

AAT Valuation vs REIT - Diversified Median

Median of 20 stocks
MetricAATREIT - Diversified medianvs median
P/E73.4727.38168% above
P/S ratio3.933.794% above
Profit margin4.13%1.71%2.4 pts above

Medians across 20 REIT - Diversified stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 7 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

American Assets Trust, Inc. (AAT) carries a market capitalisation of $1.71B. The company sits in the Real Estate sector, in the REIT - Diversified industry. The company reports 232 employees.

The most recent close on file for AAT is $22.04, dated September 4, 2026. That is −$0.12 (−0.54%) against the previous close. The 52-week range on file runs from $17.72 to $25.97. The latest close sits 24.38% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $436.20M. Against the prior fiscal year total of $457.85M, that is a change of −4.73%. The same year closed with net income of $71.37M. That is −1.99% against the prior fiscal year. The reported profit margin is 4.13%. That is 2.4 percentage points above the REIT - Diversified median of 1.71%. Earnings per share on a trailing basis come to 0.3.

Across the 4 fiscal years on file, revenue moves from $422.65M in 2022 to $436.20M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 73.47 times earnings. That is 168.33% above the REIT - Diversified median of 27.38. The PEG ratio, which sets the P/E against expected earnings growth, reads 9.34. Measured against sales, the shares trade at 3.93 times revenue. On price-to-sales that is 3.64% above the REIT - Diversified median of 3.79. 20 REIT - Diversified companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +12.42%. Across 10 years the annualized return works out at −2.86%. Beta against the wider market is reported at 0.97. Daily returns over the trailing 10 years annualize to a volatility of 31.2%.

Growth & Income

AAT pays a dividend yielding 6.14%. That is 1 percentage points below the REIT - Diversified median yield of 7.09%. The indicated annual rate is $1.36 a share. The ex-dividend date on file is September 3, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.02 a share. The year before, 2025, totalled $1.36 a share.

2026 is still running; the price is +20.21% year to date. Across the complete calendar years on file, 2021 returned +34.03% and 2020 returned −35.04%. Of the 9 complete calendar years on file, 4 finished higher.

Peer Comparison

American Assets Trust, Inc. (AAT) operates in the REIT - Diversified industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
American Assets Trust, Inc. AAT $1.71B 73.5
VICI Properties Inc. VICI $27.99B 9.8
W. P. Carey Inc. WPC $16.03B 24.1
Broadstone Net Lease, Inc. BNL $4.43B 27.4

The REIT - Diversified industry average P/E ratio is 27.4x. American Assets Trust, Inc. trades at a P/E of 73.5.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About American Assets Trust, Inc.

American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nations most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. Its office portfolio comprises approximately 4.3 million rentable square feet, and its retail portfolio comprises approximately 2.4 million rentable square feet. In addition, the company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,302 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes. American Assets Trust, Inc. is headquartered in San Diego, California. American Assets Trust, Inc. was incorporated in 1967 in Maryland and based in San Diego, California.

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