AMERICAN ASSETS TRUST INC (AAT) Stock Fundamental Analysis
NYSE:AAT • US0240131047
18.56 USD
+0.31 (+1.7%)
At close: Feb 13, 2026
18.56 USD
0 (0%)
After Hours: 2/13/2026, 8:04:00 PM
AAT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 122 industry peers in the Diversified REITs industry. Both the profitability and the financial health of AAT get a neutral evaluation. Nothing too spectacular is happening here. AAT is valued correctly, but it does not seem to be growing.
1. Profitability
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.
- Of the past 5 years AAT 4 years had a positive operating cash flow.
1.2 Ratios
- AAT's Return On Assets of 2.09% is fine compared to the rest of the industry. AAT outperforms 65.57% of its industry peers.
- With a decent Return On Equity value of 5.26%, AAT is doing good in the industry, outperforming 66.39% of the companies in the same industry.
- AAT has a Return On Invested Capital (3.01%) 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 3.07%.
| 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 61.48% of its industry peers.
- In the last couple of years the Profit Margin of AAT has grown nicely.
- AAT has a Operating Margin (24.63%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of AAT has declined.
- AAT has a Gross Margin of 61.60%. This is in the lower half of the industry: AAT underperforms 63.93% 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
- AAT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
- AAT has a better debt/assets ratio than last year.
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 has a Altman-Z score of 0.53. This is comparable to the rest of the industry: AAT outperforms 50.82% 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's Debt to FCF ratio of 66.24 is fine compared to the rest of the industry. AAT outperforms 68.03% of its industry peers.
- A Debt/Equity ratio of 1.44 is on the high side and indicates that AAT has dependencies on debt financing.
- The Debt to Equity ratio of AAT (1.44) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 66.24 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.52
WACC5.75%
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.
- The Current ratio of AAT (1.61) is better than 76.23% 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.
- AAT has a better Quick ratio (1.61) than 77.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
- AAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -81.05%.
- The earnings per share for AAT have been decreasing by -17.11% on average. This is quite bad
- 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
- AAT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 51.68% yearly.
- 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
- 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. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 103.11 indicates a quite expensive valuation of AAT.
- Based on the Price/Earnings ratio, AAT is valued a bit more expensive than the industry average as 62.30% of the companies are valued more cheaply.
- The average S&P500 Price/Earnings ratio is at 27.97. AAT is valued rather expensively when compared to this.
- Based on the Price/Forward Earnings ratio of 42.74, the valuation of AAT can be described as expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of AAT indicates a somewhat cheap valuation: AAT is cheaper than 65.57% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 27.96. AAT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 103.11 | ||
| Fwd PE | 42.74 |
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 77.05% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, AAT is valued a bit cheaper than 70.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.74 | ||
| EV/EBITDA | 11.39 |
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)0.73
PEG (5Y)N/A
EPS Next 2Y51.68%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- AAT has a Yearly Dividend Yield of 7.45%, which is a nice return.
- AAT's Dividend Yield is a higher than the industry average which is at 6.86.
- AAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.79.
| 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 been paying a dividend for at least 10 years, so it has 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.
- The dividend of AAT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP170.43%
EPS Next 2Y51.68%
EPS Next 3YN/A
18.56
+0.31 (+1.7%)
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-2.08%
Ins Owners1.97%
Ins Owner Change18.09%
Market Cap1.14B
Revenue(TTM)436.20M
Net Income(TTM)61.48M
Analysts46
Price Target18.36 (-1.08%)
Short Float %2.48%
Short Ratio3.26
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)-20%
EPS NQ rev (3m)-20%
EPS NY rev (1m)-7.32%
EPS NY rev (3m)-7.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.38%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 103.11 | ||
| Fwd PE | 42.74 | ||
| P/S | 2.59 | ||
| P/FCF | 44.74 | ||
| P/OCF | 6.82 | ||
| P/B | 0.97 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | 11.39 |
EPS(TTM)0.18
EY0.97%
EPS(NY)0.43
Fwd EY2.34%
FCF(TTM)0.41
FCFY2.24%
OCF(TTM)2.72
OCFY14.67%
SpS7.16
BVpS19.04
TBVpS18.84
PEG (NY)0.73
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 | 0.53 |
F-Score6
WACC5.75%
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.