AAT Stock Overview
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California.
American Assets Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$30.02|
|52 Week High||US$40.83|
|52 Week Low||US$28.42|
|1 Month Change||-12.12%|
|3 Month Change||-21.97%|
|1 Year Change||-19.21%|
|3 Year Change||-36.61%|
|5 Year Change||-25.12%|
|Change since IPO||41.27%|
Recent News & Updates
American Assets Trust: Offering A Nearly 10-Year High Dividend Yield
AAT is offering a nearly 10-year high dividend yield of 4.3%. AAT is trading at a 10-year low price-to-FFO ratio due to its 22% decline this year, along with the broad market. AAT is resilient to high inflation. Thanks to its strong position in its markets, it raises its rents meaningfully year after year.
|AAT||US REITs||US Market|
Return vs Industry: AAT underperformed the US REITs industry which returned -8.3% over the past year.
Return vs Market: AAT matched the US Market which returned -18.8% over the past year.
|AAT Average Weekly Movement||4.4%|
|REITs Industry Average Movement||4.9%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: AAT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AAT's weekly volatility (4%) has been stable over the past year.
About the Company
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation’s most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The company's office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet.
American Assets Trust Fundamentals Summary
|AAT fundamental statistics|
Is AAT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AAT income statement (TTM)|
|Cost of Revenue||US$131.18m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.62|
|Net Profit Margin||9.64%|
How did AAT perform over the long term?See historical performance and comparison
4.3%Current Dividend Yield
Is AAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AAT?
Other financial metrics that can be useful for relative valuation.
|What is AAT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AAT's PE Ratio compare to its peers?
|AAT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BNL Broadstone Net Lease
EPRT Essential Properties Realty Trust
AHH Armada Hoffler Properties
PSB PS Business Parks
AAT American Assets Trust
Price-To-Earnings vs Peers: AAT is expensive based on its Price-To-Earnings Ratio (48.3x) compared to the peer average (32.6x).
Price to Earnings Ratio vs Industry
How does AAT's PE Ratio compare vs other companies in the US REITs Industry?
Price-To-Earnings vs Industry: AAT is expensive based on its Price-To-Earnings Ratio (48.3x) compared to the US REITs industry average (31.6x)
Price to Earnings Ratio vs Fair Ratio
What is AAT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||48.3x|
|Fair PE Ratio||36.5x|
Price-To-Earnings vs Fair Ratio: AAT is expensive based on its Price-To-Earnings Ratio (48.3x) compared to the estimated Fair Price-To-Earnings Ratio (36.5x).
Share Price vs Fair Value
What is the Fair Price of AAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AAT ($30.02) is trading below our estimate of fair value ($34.38)
Significantly Below Fair Value: AAT is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: AAT is poor value based on its PEG Ratio (4.2x)
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How is American Assets Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AAT's forecast earnings growth (11.5% per year) is above the savings rate (1.9%).
Earnings vs Market: AAT's earnings (11.5% per year) are forecast to grow slower than the US market (13.8% per year).
High Growth Earnings: AAT's earnings are forecast to grow, but not significantly.
Revenue vs Market: AAT's revenue (4.6% per year) is forecast to grow slower than the US market (8.3% per year).
High Growth Revenue: AAT's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AAT's Return on Equity is forecast to be low in 3 years time (5.1%).
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How has American Assets Trust performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AAT has high quality earnings.
Growing Profit Margin: AAT's current net profit margins (9.6%) are higher than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: AAT's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: AAT's earnings growth over the past year (123.4%) exceeds its 5-year average (1.8% per year).
Earnings vs Industry: AAT earnings growth over the past year (123.4%) exceeded the REITs industry 69.5%.
Return on Equity
High ROE: AAT's Return on Equity (4%) is considered low.
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How is American Assets Trust's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AAT's short term assets ($167.0M) exceed its short term liabilities ($68.8M).
Long Term Liabilities: AAT's short term assets ($167.0M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: AAT's net debt to equity ratio (130.6%) is considered high.
Reducing Debt: AAT's debt to equity ratio has increased from 134.8% to 136.7% over the past 5 years.
Debt Coverage: AAT's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: AAT's interest payments on its debt are not well covered by EBIT (1.8x coverage).
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What is American Assets Trust current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AAT's dividend (4.26%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: AAT's dividend (4.26%) is in the top 25% of dividend payers in the US market (4.25%)
Stability and Growth of Payments
Stable Dividend: AAT's dividend payments have been volatile in the past 10 years.
Growing Dividend: AAT's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.9%), AAT's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (154%), AAT's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ernest Rady (84 yo)
Mr. Ernest Sylvan Rady founded American Assets Trust, Inc. in 1967 and has been its Executive Chairman of The Board since January 2011. He serves as Executive Chairman at American Assets Capital Advisers,...
CEO Compensation Analysis
Compensation vs Market: Ernest's total compensation ($USD5.06M) is about average for companies of similar size in the US market ($USD5.48M).
Compensation vs Earnings: Ernest's compensation has been consistent with company performance over the past year.
Experienced Management: AAT's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: AAT's board of directors are seasoned and experienced ( 11.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
American Assets Trust, Inc.'s employee growth, exchange listings and data sources
- Name: American Assets Trust, Inc.
- Ticker: AAT
- Exchange: NYSE
- Founded: 1967
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$2.324b
- Market Cap: US$1.834b
- Shares outstanding: 76.70m
- Website: https://www.americanassetstrust.com
Number of Employees
- American Assets Trust, Inc.
- 3420 Carmel Mountain Road
- Suite 100
- San Diego
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.