American Assets Trust Inc

American Assets Trust Inc

AAT · NYSE · Real Estate / REIT - Diversified

21.70USD+0.20 (+0.93%)

Price History

Full chart

Market Stats

Previous Close21.50
Open21.59
Day Range21.48 – 21.74
52-Week Range16.90 – 25.58
Volume240.20K
Market Cap1.67B
P/E (TTM)71.63
Forward P/E60.61
EPS0.30
Dividend Yield6.33%
Beta0.97
50-Day Avg22.89
200-Day Avg21.11

About

American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nations most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. Its office portfolio comprises approximately 4.3 million rentable square feet, and its retail portfolio comprises approximately 2.4 million rentable square feet. In addition, the company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,302 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes. American Assets Trust, Inc. is headquartered in San Diego, California. American Assets Trust, Inc. was incorporated in 1967 in Maryland and based in San Diego, California.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • CEOMr. Adam Wyll
  • Employees232
  • Headquarters3420 Carmel Mountain Road, San Diego, CA, United States, 92121-1069, USA
  • Websitehttps://www.americanassetstrust.com

Leadership

  • Mr. Ernest Sylvan RadyExecutive Chairman of the Board · b. 1937
  • Mr. Adam WyllCEO, President & Secretary · b. 1975
  • Mr. Robert F. BartonExecutive VP, Treasurer & CFO · b. 1957
  • Mr. Jerry GammieriSenior Vice President of Construction & Development · b. 1965
  • Mr. Christopher E. SullivanSenior Vice President of Retail Properties · b. 1962
  • Mr. Steve CenterSenior Vice President of Office Properties
  • Meleana LeavertonAssociate General Counsel

Financials

Income Statement

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue117.51M120.94M117.04M128.95M209.82M235.47M255.06M260.00M275.62M295.09M314.98M330.87M366.74M344.57M375.83M422.65M441.16M457.85M436.20M
Growth (%)-+2.92%-3.22%+10.17%+62.72%+12.22%+8.32%+1.94%+6.01%+7.06%+6.74%+5.04%+10.84%-6.04%+9.07%+12.46%+4.38%+3.78%-4.73%
Cost of Revenue32.55M32.92M28.64M35.96M59.94M86.11M89.99M91.23M98.01M107.93M116.68M121.45M131.98M121.12M129.77M152.43M163.96M167.73M169.59M
Gross Profit84.96M88.02M88.40M92.99M149.89M149.35M165.07M168.77M177.62M187.16M198.31M209.41M234.76M223.45M246.05M270.21M277.21M290.13M266.61M
Gross Margin72.30%72.78%75.53%72.11%71.43%63.43%64.72%64.91%64.44%63.42%62.96%63.29%64.01%64.85%65.47%63.93%62.84%63.37%61.12%
Operating Expense41.85M39.78M36.92M46.45M91.11M77.45M83.97M85.10M83.47M89.22M104.66M129.88M121.08M134.87M146.19M155.48M155.46M160.93M120.68M
Operating Income43.11M48.24M51.48M46.53M58.78M71.91M81.10M83.67M94.15M97.94M93.65M79.53M113.69M88.58M99.87M114.73M121.75M129.20M145.93M
Operating Margin36.69%39.89%43.99%36.09%28.01%30.54%31.80%32.18%34.16%33.19%29.73%24.04%31.00%25.71%26.57%27.15%27.60%28.22%33.45%
EBITDA72.48M79.70M81.71M79.29M116.42M133.76M147.88M150.24M157.54M169.26M176.92M186.63M211.22M197.31M212.22M238.30M249.94M273.69M277.57M
EBITDA Margin61.68%65.90%69.81%61.49%55.48%56.81%57.98%57.78%57.16%57.36%56.17%56.41%57.59%57.26%56.47%56.38%56.65%59.78%63.63%
Net Income-2.54M-7.02M6.44M4.38M2.92M51.60M22.59M31.14M53.91M45.64M40.13M27.20M60.19M35.59M36.59M55.88M64.69M72.82M71.37M
Net Income Margin-2.16%-5.80%5.51%3.40%1.39%21.91%8.86%11.98%19.56%15.47%12.74%8.22%16.41%10.33%9.74%13.22%14.66%15.90%16.36%
R&D----000000.110.120.180.210.130.10.130.15--
R&D as % of Total Revenue----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense42.90M43.74M43.29M46.81M56.49M57.33M58.02M52.97M47.26M51.94M53.85M52.25M54.01M53.44M58.59M58.23M64.71M74.53M78.12M
Interest Expense % of Total Revenue36.51%36.16%36.99%36.30%26.92%24.35%22.75%20.37%17.15%17.60%17.10%15.79%14.73%15.51%15.59%13.78%14.67%16.28%17.91%

Balance Sheet

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-971.12M938.99M1.12B1.71B1.83B1.83B1.94B1.98B1.99B2.26B2.20B2.79B2.82B3.02B2.99B2.98B3.27B2.92B
Total Liabilities-781.94M768.03M962.24M1.03B1.14B1.15B1.18B1.15B1.15B1.42B1.40B1.50B1.56B1.81B1.80B1.83B2.15B1.83B
Total Equity-148.86M133.17M121.87M679.73M685.73M648.51M766.58M799.56M809.56M844.14M802.98M1.29B1.27B1.21B1.19B1.15B1.18B1.15B
Cash-18.98M24.19M41.95M112.72M42.48M48.99M59.36M39.92M44.80M82.61M47.96M99.30M137.33M139.52M49.57M82.89M425.66M129.36M
Total Debt-755.19M744.45M894.83M948.27M1.05B1.05B1.07B1.06B1.06B1.34B1.29B1.41B1.44B1.65B1.68B1.71B2.03B1.71B
Net Debt-736.21M720.26M852.87M830.76M1.00B996.19M1.00B1.02B1.02B1.24B1.24B1.26B1.30B1.51B1.60B1.63B1.61B1.58B

Cash Flow

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow31.18M47.59M47.50M48.35M65.36M75.94M92.73M105.61M110.72M122.66M145.85M136.51M153.82M126.98M168.33M179.07M188.75M207.11M167.12M
Investing Cash Flow-44.44M2.11M-7.54M-29.50M-231.69M-194.29M-58.25M-152.84M-127.27M-63.51M-330.56M-64.35M-599.18M-69.08M-312.28M-166.32M-89.89M-77.41M-30.52M
Financing Cash Flow18.85M-49.96M-34.75M-1.08M237.09M48.11M-27.97M57.60M-2.89M-54.27M221.91M-106.84M497.55M-28.31M144.42M-102.70M-65.55M213.07M-432.90M
Capital Expenditure20.11M19.92M7.01M37.53M242.51M34.58M55.67M144.67M134.17M59.63M47.50M54.41M88.33M63.49M104.59M113.78M82.98M70.20M72.25M
Free Cash Flow11.07M27.67M40.49M10.82M-177.15M41.36M37.06M-39.06M-23.45M63.03M98.36M82.10M65.49M63.50M63.74M65.29M105.77M136.90M94.86M
Dividends Paid-64.29M23.30M23.34M46.12M48.45M49.50M54.31M42.45M64.08M67.54M51.49M80.61M76.51M88.94M98.25M80.21M103.37M105.25M
FCF to OCF35.50%58.14%85.25%22.38%-271.02%54.46%39.96%-36.99%-21.18%51.38%67.44%60.14%42.58%50.00%37.87%36.46%56.04%66.10%56.76%
Dividend Paid to FCF-232.36%57.55%215.74%-26.04%117.14%133.57%-139.03%-181.03%101.66%68.67%62.73%123.08%120.49%139.53%150.48%75.83%75.51%110.96%

Earnings

Report DateMay 10, 2011Aug 9, 2011Nov 8, 2011Mar 6, 2012May 1, 2012Aug 1, 2012Nov 6, 2012Feb 19, 2013Apr 30, 2013Jul 30, 2013Nov 5, 2013Feb 18, 2014Apr 29, 2014Jul 29, 2014Nov 4, 2014Feb 17, 2015Apr 28, 2015Jul 28, 2015Nov 3, 2015Feb 16, 2016Apr 26, 2016Jul 26, 2016Nov 1, 2016Feb 14, 2017May 2, 2017Aug 1, 2017Oct 31, 2017Feb 13, 2018May 1, 2018Jul 31, 2018Oct 30, 2018Feb 12, 2019Apr 30, 2019Jul 30, 2019Oct 29, 2019Feb 11, 2020Apr 28, 2020Jul 28, 2020Oct 27, 2020Feb 9, 2021Apr 27, 2021Jul 27, 2021Oct 26, 2021Feb 8, 2022Apr 26, 2022Jul 26, 2022Oct 25, 2022Feb 7, 2023Apr 25, 2023Jul 25, 2023Oct 24, 2023Feb 6, 2024Apr 30, 2024Jul 30, 2024Oct 29, 2024Feb 4, 2025Apr 29, 2025Jul 29, 2025Oct 28, 2025Feb 3, 2026Apr 28, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate0.290.270.31-0.05-0.010.030.08-0.060.060.090.060.170.080.110.110.160.180.220.140.160.180.220.210.200.200.140.200.180.03-0.030.070.240.220.260.190.250.010.150.110.030.110.140.050.140.140.140.130.140.140.140.140.270.140.290.110.060.100.090.080.110.510.50
EPS Actual-0.390.010.080.010.050.040.080.090.080.080.110.110.110.090.150.160.180.200.300.180.170.170.190.190.160.120.190.15-0.010.070.220.140.240.120.220.220.200.130.080.050.020.150.170.140.180.180.210.160.270.200.200.170.320.200.280.150.700.090.070.050.080.51-
Surprise-234.48%-96.30%-74.19%120.00%600.00%33.33%0.00%-33.33%33.33%22.22%83.33%-35.29%12.50%36.36%45.45%12.50%11.11%36.36%28.57%6.25%-5.56%-13.64%-9.52%-20.00%-40.00%35.71%-25.00%-105.56%133.33%833.33%100.00%0.00%-45.45%-15.38%15.79%-20.00%1200.00%-46.67%-54.55%-33.33%36.36%21.43%180.00%28.57%28.57%50.00%23.08%92.86%42.86%42.86%21.43%18.52%42.86%-3.45%36.36%1066.67%-10.00%-22.22%-37.50%-27.27%0.00%-
TimingAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.67B
Enterprise Value2.92B
Trailing P/E71.63
Forward P/E60.61
PEG Ratio9.34
Price / Sales3.83
Price / Book1.18
EPS0.30
Book Value18.28
Revenue (TTM)435.37M
Gross Profit (TTM)269.15M
EBITDA227.34M
Profit Margin4.13%
Operating Margin24.26%
Return on Equity2.16%
Return on Assets2.14%
Shares Outstanding61.40M
Shares Float51.05M
Beta0.97
Dividend Yield6.33%
Dividend Rate1.36
Payout Ratio1.92%

Analyst Ratings

Hold
Based on 3 analystsTarget 23.50
  • Hold
    3

Ownership Breakdown

Institutions
118.85%
Insiders
1.80%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    9.45M15.39%
  • American Assets Inc
    7.37M12.01%
  • Vanguard Portfolio Management, LLC
    5.40M8.79%
  • RIMA MANAGEMENT, LLC
    3.58M5.83%
  • State Street Corp
    2.84M4.63%
  • LSV Asset Management
    2.21M3.60%
  • Vanguard Capital Management, LLC
    2.12M3.45%
  • American Assets Investment Management
    1.48M2.41%
  • Geode Capital Management, LLC
    1.34M2.18%
  • JPMorgan Chase & Co
    1.28M2.08%
  • Charles Schwab Investment Management Inc
    1.26M2.05%
  • Arrowstreet Capital Limited Partnership
    960.84K1.56%
  • Ameriprise Financial Inc
    952.58K1.55%
  • Morgan Stanley - Brokerage Accounts
    883.48K1.44%
  • Private Management Group Inc
    806.58K1.31%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    2.89M4.71%
  • Vanguard Real Estate Index Investor
    1.79M2.91%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.47M2.40%
  • iShares Russell 2000 ETF
    1.29M2.10%
  • Vanguard Small Cap Index
    1.06M1.72%

Dividends

20263×
0.34Sep 3, 20260.34Jun 4, 20260.34Mar 5, 2026
20254×
0.34Dec 4, 20250.34Sep 4, 20250.34Jun 5, 20250.34Mar 6, 2025
20244×
0.34Dec 5, 20240.34Sep 5, 20240.34Jun 6, 20240.34Mar 6, 2024
20234×
0.33Dec 6, 20230.33Sep 6, 20230.33Jun 7, 20230.33Mar 8, 2023
20224×
0.32Dec 7, 20220.32Sep 7, 20220.32Jun 8, 20220.32Mar 9, 2022
20214×
0.30Dec 8, 20210.30Sep 8, 20210.28Jun 9, 20210.28Mar 10, 2021
20201×
0.25Dec 9, 2020