American Assets Trust, Inc. AAT

Latest FY: 2025 Real Estate REIT - Diversified
Market Price $21.39
Market Cap $1.31B
P/E Ratio 23.25
Quick Peer Compare (Real Estate):
Revenue (FY 2025) ↓-4.7% YoY
$436.20M
3-Yr CAGR: 125.4%
Net Income ↓-2.0% YoY
$71.37M
Net Margin: 16.4%
Free Cash Flow ↓-52.1% YoY
$99.24M
FCF Yield: 7.56%
EPS (Diluted) ↓-2.1% YoY
$0.92
Basic: $0.92
Return on Equity Efficiency
6.2%
ROA: 2.4%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (AAT)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $295.1M $187.2M $32.6M $0.72 $1.01 2.35% $122.7M
FY 2017 $315.0M +6.7% $198.3M $29.1M -10.8% $0.62 -13.9% $1.05 2.76% $145.9M
FY 2018 $40.0M -87.3% $209.4M $19.7M -32.3% $0.42 -32.3% $1.09 2.73% $136.5M
FY 2019 $40.3M +0.6% $234.8M $45.7M +132.2% $0.84 +100.0% $1.14 2.48% $153.8M
FY 2020 $17.2M -57.3% $223.5M $27.7M -39.5% $0.46 -45.2% $1.01 3.48% $127.0M
FY 2021 $24.9M +44.9% $246.1M $36.6M +32.3% $0.47 +2.2% $1.17 3.11% $168.3M
FY 2022 $38.1M +52.9% $270.2M $55.9M +52.7% $0.72 +53.2% $1.29 4.86% $179.1M $133.9M
FY 2023 $441.2M +1,057.5% $277.2M $64.7M +15.8% $0.84 +16.7% $1.33 5.91% $188.8M $188.8M +41.0%
FY 2024 $457.9M +3.8% $290.1M $72.8M +12.6% $0.94 +11.9% $1.35 5.14% $207.1M $207.1M +9.7%
FY 2025 $436.2M -4.7% $266.6M $71.4M -2.0% $0.92 -2.1% $1.37 7.25% $167.1M $99.2M -52.1%
$

Valuation

Market Price $21.39
Market Cap $1.31B
Enterprise Value $2.88B
P/E Ratio 23.25
P/B Ratio 1.14
FCF Yield 7.56%
Dividend Yield 6.41%
Shares Outstanding 61,390,900
%

Profitability & Margins

Gross Margin 61.12%
Operating Margin 33.45%
Net Margin 16.36%
Return on Equity (ROE) 6.20%
Return on Assets (ROA) 2.44%
Asset Turnover 0.15x
Revenue 3-Yr CAGR 125.35%
🛡️

Financial Health & Liquidity

Current Ratio N/A
Cash Ratio N/A
Debt / Equity 1.477
Debt / Assets 0.582
Cash & Equivalents $129.36M
Total Debt $1.70B
Book Value / Share $18.75
💧

Cash Flow Efficiency

Operating Cash Flow $167.12M
Capital Expenditures (CapEx) $67.88M
Free Cash Flow $99.24M
OCF / Revenue 38.31%
FCF / Revenue 22.75%
FCF 3-Yr CAGR -9.51%
🏷️

Per Share Metrics

EPS (Diluted) $0.92
EPS (Basic) $0.92
Dividends / Share $1.37
Book Value / Share $18.75
EPS YoY Growth -2.13%
🏛️

Balance Sheet (FY 2025)

Total Assets $2.92B
Total Liabilities $1.83B
Stockholders' Equity $1.15B
Current Assets N/A
Current Liabilities N/A