AMERICAN ASSETS TRUST INC (AAT) Fundamental Analysis & Valuation

NYSE:AAT • US0240131047

Current stock price

19.25 USD
+0.05 (+0.26%)
At close:
19.25 USD
0 (0%)
After Hours:

This AAT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

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.
  • Each year in the past 5 years AAT has been profitable.
  • AAT had a positive operating cash flow in each of the past 5 years.
AAT Yearly Net Income VS EBIT VS OCF VS FCFAAT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M

1.2 Ratios

  • AAT has a Return On Assets of 1.90%. This is in the better half of the industry: AAT outperforms 63.93% of its industry peers.
  • The Return On Equity of AAT (4.84%) is better than 62.30% 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 51.64% of its industry peers.
  • AAT had an Average Return On Invested Capital over the past 3 years of 3.13%. This is in line with the industry average of 3.11%.
Industry RankSector 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%
AAT Yearly ROA, ROE, ROICAAT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

1.3 Margins

  • AAT has a Profit Margin of 12.76%. This is in the better half of the industry: AAT outperforms 63.93% of its industry peers.
  • In the last couple of years the Profit Margin of AAT has grown nicely.
  • With a Operating Margin value of 23.26%, AAT perfoms like the industry average, outperforming 51.64% of the companies in the same industry.
  • AAT's Operating Margin has declined in the last couple of years.
  • AAT has a worse Gross Margin (61.12%) than 65.57% 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 RankSector 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%
AAT Yearly Profit, Operating, Gross MarginsAAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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4

2. AAT Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AAT is destroying value.
  • AAT has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AAT has more shares outstanding
  • Compared to 1 year ago, AAT has an improved debt to assets ratio.
AAT Yearly Shares OutstandingAAT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
AAT Yearly Total Debt VS Total AssetsAAT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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.
  • AAT's Altman-Z score of 0.53 is in line compared to the rest of the industry. AAT outperforms 56.56% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 62.55, AAT is in the better half of the industry, outperforming 68.03% of the companies in the same industry.
  • A Debt/Equity ratio of 1.47 is on the high side and indicates that AAT has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.47, AAT is in line with its industry, outperforming 41.80% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF 62.55
Altman-Z 0.53
ROIC/WACC0.46
WACC6.2%
AAT Yearly LT Debt VS Equity VS FCFAAT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • AAT has a Current 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 Current ratio of 1.48 is fine compared to the rest of the industry. AAT outperforms 73.77% 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 74.59% of its industry peers.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.48
AAT Yearly Current Assets VS Current LiabilitesAAT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. AAT Growth Analysis

3.1 Past

  • The earnings per share for AAT have decreased strongly by -81.05% in the last year.
  • The earnings per share for AAT have been decreasing by -17.11% on average. This is quite bad
  • 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.
  • The Revenue is expected to grow by 1.73% on average over the next years.
EPS Next Y141.28%
EPS Next 2Y51.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.78%
Revenue Next 2Y1.49%
Revenue Next 3Y1.73%
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.
AAT Yearly Revenue VS EstimatesAAT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M
AAT Yearly EPS VS EstimatesAAT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8

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4

4. AAT Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 106.94, which means the current valuation is very expensive for AAT.
  • AAT's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.91. AAT is valued rather expensively when compared to this.
  • AAT is valuated quite expensively with a Price/Forward Earnings ratio of 44.32.
  • Based on the Price/Forward Earnings ratio, AAT is valued a bit cheaper than 65.57% of the companies in the same industry.
  • AAT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.68.
Industry RankSector Rank
PE 106.94
Fwd PE 44.32
AAT Price Earnings VS Forward Price EarningsAAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • 66.39% of the companies in the same industry are more expensive than AAT, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AAT indicates a somewhat cheap valuation: AAT is cheaper than 70.49% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 43.8
EV/EBITDA 11.98
AAT Per share dataAAT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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.
  • A more expensive valuation may be justified as AAT's earnings are expected to grow with 51.68% in the coming years.
PEG (NY)0.76
PEG (5Y)N/A
EPS Next 2Y51.68%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. AAT Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 7.48%, AAT is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 8.03, AAT pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, AAT pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.48%

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.
  • As AAT did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)6.25%
Div Incr Years5
Div Non Decr Years5
AAT Yearly Dividends per shareAAT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • AAT pays out 189.14% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of AAT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP189.14%
EPS Next 2Y51.68%
EPS Next 3YN/A
AAT Yearly Income VS Free CF VS DividendAAT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M -300M -400M
AAT Dividend Payout.AAT Dividend Payout, showing the Payout Ratio.AAT Dividend Payout.PayoutRetained Earnings

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AAT Fundamentals: All Metrics, Ratios and Statistics

AMERICAN ASSETS TRUST INC

NYSE:AAT (4/9/2026, 8:10:35 PM)

After market: 19.25 0 (0%)

19.25

+0.05 (+0.26%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-03
Earnings (Next)04-28
Inst Owners116.85%
Inst Owner Change0%
Ins Owners1.96%
Ins Owner Change18.81%
Market Cap1.18B
Revenue(TTM)436.20M
Net Income(TTM)55.65M
Analysts46
Price Target18.36 (-4.62%)
Short Float %2.94%
Short Ratio3.69
Dividend
Industry RankSector Rank
Dividend Yield 7.48%
Yearly Dividend1.72
Dividend Growth(5Y)6.25%
DP189.14%
Div Incr Years5
Div Non Decr Years5
Ex-Date03-05
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)0%
Revenue NQ rev (3m)-4.27%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-1.63%
Valuation
Industry RankSector Rank
PE 106.94
Fwd PE 44.32
P/S 2.71
P/FCF 43.8
P/OCF 7.07
P/B 1.03
P/tB 1.04
EV/EBITDA 11.98
EPS(TTM)0.18
EY0.94%
EPS(NY)0.43
Fwd EY2.26%
FCF(TTM)0.44
FCFY2.28%
OCF(TTM)2.72
OCFY14.14%
SpS7.11
BVpS18.75
TBVpS18.56
PEG (NY)0.76
PEG (5Y)N/A
Graham Number8.71
Profitability
Industry RankSector 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 RankSector 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
WACC6.2%
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 Year2.78%
Revenue Next 2Y1.49%
Revenue Next 3Y1.73%
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.


Can you provide the profitability details for AMERICAN ASSETS TRUST INC?

AMERICAN ASSETS TRUST INC (AAT) has a profitability rating of 5 / 10.


What is the valuation of AMERICAN ASSETS TRUST INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for AMERICAN ASSETS TRUST INC (AAT) is 106.94 and the Price/Book (PB) ratio is 1.03.


What is the earnings growth outlook for AMERICAN ASSETS TRUST INC?

The Earnings per Share (EPS) of AMERICAN ASSETS TRUST INC (AAT) is expected to grow by 141.28% in the next year.