AMERICAN ASSETS TRUST INC (AAT) Fundamental Analysis & Valuation

NYSE:AAT • US0240131047

Current stock price

20.78 USD
+0.04 (+0.19%)
At close:
20.78 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

  • AAT had positive earnings in the past year.
  • AAT had a positive operating cash flow in the past year.
  • AAT had positive earnings in each of the past 5 years.
  • In the past 5 years AAT always reported a positive cash flow from operatings.
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's Return On Assets of 1.90% is fine compared to the rest of the industry. AAT outperforms 63.64% of its industry peers.
  • AAT's Return On Equity of 4.84% is fine compared to the rest of the industry. AAT outperforms 61.98% 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 52.07% 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's Profit Margin of 12.76% is fine compared to the rest of the industry. AAT outperforms 63.64% of its industry peers.
  • AAT's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 23.26%, AAT is in line with its industry, outperforming 51.24% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AAT has declined.
  • AAT's Gross Margin of 61.12% is on the low side compared to the rest of the industry. AAT is outperformed by 65.29% 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

  • 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.
  • AAT has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for AAT has been reduced compared to a year ago.
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

  • Based on the Altman-Z score of 0.56, we must say that AAT is in the distress zone and has some risk of bankruptcy.
  • AAT has a Altman-Z score (0.56) which is comparable to the rest of the industry.
  • 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.
  • AAT has a Debt to FCF ratio of 62.55. This is in the better half of the industry: AAT outperforms 66.12% of its industry peers.
  • AAT has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.47, AAT perfoms like the industry average, outperforming 41.32% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF 62.55
Altman-Z 0.56
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.
  • AAT's Current ratio of 1.48 is fine compared to the rest of the industry. AAT outperforms 73.55% of its industry peers.
  • A Quick Ratio of 1.48 indicates that AAT should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.48, AAT is doing good in the industry, outperforming 74.38% of the companies in the same industry.
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

  • AAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.00%, which is quite good.
  • 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.
  • 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.
  • Based on estimates for the next years, AAT will show a small growth in Revenue. The Revenue will grow by 1.73% on average per year.
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.
  • 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 2028 0.2 0.4 0.6 0.8

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5

4. AAT Valuation Analysis

4.1 Price/Earnings Ratio

  • AAT is valuated quite expensively with a Price/Earnings ratio of 28.86.
  • 61.16% of the companies in the same industry are more expensive than AAT, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, AAT is valued at the same level.
  • With a Price/Forward Earnings ratio of 45.72, AAT can be considered very expensive at the moment.
  • AAT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AAT is cheaper than 60.33% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, AAT is valued quite expensively.
Industry RankSector Rank
PE 28.86
Fwd PE 45.72
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

  • Based on the Enterprise Value to EBITDA ratio, AAT is valued a bit cheaper than 68.59% of the companies in the same industry.
  • 69.42% of the companies in the same industry are more expensive than AAT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 47.28
EV/EBITDA 12.38
AAT Per share dataAAT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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 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 6.65%, AAT is a good candidate for dividend investing.
  • AAT's Dividend Yield is a higher than the industry average which is at 7.44.
  • AAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 6.65%

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

  • 189.14% of the earnings are spent on dividend by AAT. 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 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 (5/1/2026, 7:05:12 PM)

After market: 20.78 0 (0%)

20.78

+0.04 (+0.19%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Industry Strength41.61
Industry Growth29.19
Earnings (Last)04-28
Earnings (Next)07-27
Inst Owners117.02%
Inst Owner Change-0.37%
Ins Owners1.96%
Ins Owner Change18.81%
Market Cap1.28B
Revenue(TTM)436.20M
Net Income(TTM)55.65M
Analysts46
Price Target19.38 (-6.74%)
Short Float %2.79%
Short Ratio4.39
Dividend
Industry RankSector Rank
Dividend Yield 6.65%
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 28.86
Fwd PE 45.72
P/S 2.92
P/FCF 47.28
P/OCF 7.63
P/B 1.11
P/tB 1.12
EV/EBITDA 12.38
EPS(TTM)0.72
EY3.46%
EPS(NY)0.45
Fwd EY2.19%
FCF(TTM)0.44
FCFY2.12%
OCF(TTM)2.72
OCFY13.1%
SpS7.11
BVpS18.75
TBVpS18.56
PEG (NY)0.18
PEG (5Y)N/A
Graham Number17.4266 (-16.14%)
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 0.56
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 28.86 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.