AMERICAN ASSETS TRUST INC (AAT) Fundamental Analysis & Valuation

NYSE:AAT • US0240131047

Current stock price

20.74 USD
+0.29 (+1.42%)
At close:
20.74 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.
  • In the past 5 years AAT has always been profitable.
  • Each year in the past 5 years AAT had a positive operating cash flow.
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 63.64% of its industry peers.
  • With a decent Return On Equity value of 4.84%, AAT is doing good in the industry, outperforming 61.98% of the companies in the same industry.
  • AAT has a Return On Invested Capital of 2.84%. This is comparable to the rest of the industry: AAT outperforms 52.07% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AAT 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's Profit Margin of 12.76% is fine compared to the rest of the industry. AAT outperforms 63.64% of its industry peers.
  • In the last couple of years the Profit Margin of AAT has grown nicely.
  • The Operating Margin of AAT (23.26%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AAT has declined.
  • Looking at the Gross Margin, with a value of 61.12%, AAT is doing worse than 65.29% of the companies in the same industry.
  • AAT's Gross Margin has been stable in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AAT is destroying value.
  • The number of shares outstanding for AAT has been increased compared to 1 year ago.
  • Compared to 5 years ago, AAT has more shares outstanding
  • AAT has a better debt/assets ratio than last year.
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 0.55. This is a bad value and indicates that AAT is not financially healthy and even has some risk of bankruptcy.
  • AAT has a Altman-Z score (0.55) which is in line with 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.
  • With a decent Debt to FCF ratio value of 62.55, AAT is doing good in the industry, outperforming 66.12% 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 41.32% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF 62.55
Altman-Z 0.55
ROIC/WACC0.44
WACC6.4%
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

  • A Current Ratio of 1.48 indicates that AAT should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.48, AAT is in the better half of the industry, outperforming 73.55% of the companies in the same industry.
  • 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 74.38% 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

4

3. AAT Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 20.00% over the past year.
  • AAT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.11% yearly.
  • Looking at the last year, AAT shows a decrease in Revenue. The Revenue has decreased by -4.73% in the last year.
  • The Revenue has been growing slightly by 4.83% on average over the past years.
EPS 1Y (TTM)20%
EPS 3Y-37.29%
EPS 5Y-17.11%
EPS Q2Q%1800%
Revenue 1Y (TTM)-4.73%
Revenue growth 3Y1.06%
Revenue growth 5Y4.83%
Sales Q2Q%1.83%

3.2 Future

  • AAT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 39.13% yearly.
  • AAT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.73% yearly.
EPS Next Y158.11%
EPS Next 2Y58.9%
EPS Next 3Y39.13%
EPS Next 5YN/A
Revenue Next Year2.78%
Revenue Next 2Y1.49%
Revenue Next 3Y1.73%
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.
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 2028 0.2 0.4 0.6 0.8

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5

4. AAT Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 28.81, which means the current valuation is very expensive for AAT.
  • 62.81% of the companies in the same industry are more expensive than AAT, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of AAT to the average of the S&P500 Index (26.77), we can say AAT is valued inline with the index average.
  • The Price/Forward Earnings ratio is 45.63, 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 61.16% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.75. AAT is valued rather expensively when compared to this.
Industry RankSector Rank
PE 28.81
Fwd PE 45.63
AAT Price Earnings VS Forward Price EarningsAAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 68.59% of the companies listed 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 69.42% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 47.19
EV/EBITDA 12.3
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.
  • AAT's earnings are expected to grow with 39.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y58.9%
EPS Next 3Y39.13%

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7

5. AAT Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.31%, AAT is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 7.44, AAT pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, AAT pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.31%

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 past 5 years, so it has a somewhat stable track record.
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

  • 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 2Y58.9%
EPS Next 3Y39.13%
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 (4/30/2026, 8:04:00 PM)

After market: 20.74 0 (0%)

20.74

+0.29 (+1.42%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Industry Strength41.61
Industry Growth29.81
Earnings (Last)04-28
Earnings (Next)07-27
Inst Owners117.02%
Inst Owner Change-0.37%
Ins Owners1.96%
Ins Owner Change18.81%
Market Cap1.27B
Revenue(TTM)436.20M
Net Income(TTM)55.65M
Analysts46
Price Target19.38 (-6.56%)
Short Float %2.79%
Short Ratio4.39
Dividend
Industry RankSector Rank
Dividend Yield 6.31%
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)2.78%
PT rev (3m)-2.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)6.98%
EPS NY rev (3m)6.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.27%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-1.88%
Valuation
Industry RankSector Rank
PE 28.81
Fwd PE 45.63
P/S 2.92
P/FCF 47.19
P/OCF 7.62
P/B 1.11
P/tB 1.12
EV/EBITDA 12.3
EPS(TTM)0.72
EY3.47%
EPS(NY)0.45
Fwd EY2.19%
FCF(TTM)0.44
FCFY2.12%
OCF(TTM)2.72
OCFY13.13%
SpS7.11
BVpS18.75
TBVpS18.56
PEG (NY)0.18
PEG (5Y)N/A
Graham Number17.4266 (-15.98%)
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 0.55
F-Score6
WACC6.4%
ROIC/WACC0.44
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)20%
EPS 3Y-37.29%
EPS 5Y-17.11%
EPS Q2Q%1800%
EPS Next Y158.11%
EPS Next 2Y58.9%
EPS Next 3Y39.13%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.73%
Revenue growth 3Y1.06%
Revenue growth 5Y4.83%
Sales Q2Q%1.83%
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 Year122.04%
EBIT Next 3Y31.89%
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 5 / 10 to AAT.


What is the valuation status of AMERICAN ASSETS TRUST INC (AAT) stock?

ChartMill assigns a valuation rating of 5 / 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 28.81 and the Price/Book (PB) ratio is 1.11.


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 158.11% in the next year.