American Assets Trust, Inc.

American Assets Trust, Inc.

AATยทNYSE

$23.86

+2.3%
Real EstateREIT - Diversified

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. In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 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.

At a Glance

Live Snapshot
Market Cap$1.46B
EPS0.9200
P/E Ratio25.93
Earnings Date07/28/2026
3Y+3.0%
5Y+27.0%
10Y+48.0%
3Y+28.0%
5Y+101.0%
10Y+56.0%
3Y-7.0%
5Y+32.0%
10Y+36.0%
American Assets Trust, Inc.

American Assets Trust, Inc. Profit Bridge

AAT ยท NYSE
Revenue436.20M
Cost of Goods Sold (169.59M)
Gross Profit266.61M
Operating Expenses (120.68M)
Operating Income145.93M
Interest Expense (78.12M)
Other Income/Expense-73.79M
Pretax Income72.14M
Income Tax (770.00K)
Net Income71.37M
Net Income
71.37M

Profitability Analysis

Gross Margin

61.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

33.5%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

16.4%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

1.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

American Assets Trust, Inc. Income Statement

AAT โ€ข NYSE

American Assets Trust, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007
REVENUE
436.2M
457.9M
441.2M
422.6M
375.8M
344.6M
366.7M
330.9M
315M
295.1M
275.6M
260M
255.1M
235.5M
209.8M
129M
117M
120.9M
117.5M
GROSS PROFIT
(169.6M)
(167.7M)
(164M)
(152.4M)
(129.8M)
(121.1M)
(132M)
(121.5M)
(116.7M)
(107.9M)
(98M)
(91.2M)
(90M)
(86.1M)
(59.9M)
(36M)
(28.6M)
(32.9M)
(32.6M)
266.6M
290.1M
277.2M
270.2M
246.1M
223.5M
234.8M
209.4M
198.3M
187.2M
177.6M
168.8M
165.1M
149.4M
149.9M
93M
88.4M
88M
85M
OPERATING INCOME
(120.7M)
(160.9M)
(155.5M)
(155.5M)
(146.2M)
(134.9M)
(121.1M)
(129.9M)
(104.7M)
(89.2M)
(83.5M)
(85.1M)
(84M)
(77.4M)
(91.1M)
(46.5M)
(36.9M)
(39.8M)
(41.8M)
(37.8M)
(35.5M)
(36M)
(32.1M)
(29.9M)
(26.6M)
(27.4M)
(24.9M)
(23.4M)
(20M)
(22.2M)
(20.2M)
(18.7M)
(16.9M)
(13.9M)
(8.8M)
(7.1M)
(8.7M)
(10.5M)
145.9M
129.2M
121.7M
114.7M
99.9M
88.6M
113.7M
79.5M
93.6M
97.9M
94.2M
83.7M
81.1M
71.9M
58.8M
46.5M
51.5M
48.2M
43.1M
PRE-TAX INCOME
(78.1M)
(74.5M)
(64.7M)
(58.2M)
(58.6M)
(53.4M)
(54M)
(52.2M)
(53.8M)
(51.9M)
(47.3M)
(53M)
(58M)
(57.3M)
(56.5M)
(46.8M)
(43.3M)
(43.7M)
(42.9M)
-73.8M
-65.5M
-62.5M
-58M
-58.3M
-53M
-53.3M
-52M
-53.3M
-51.9M
-47.2M
-52.8M
-57.9M
-57M
-53M
-43.2M
-43.1M
-42.6M
-37.7M
(82.8M)
(125.5M)
(119.5M)
(123.3M)
(116.3M)
(108.3M)
(93.7M)
-85K
(334K)
-368K
-97K
(441K)
-487K
-629K
(77.2M)
(37.6M)
(29.9M)
(31.1M)
(31.4M)
-73.8M
-55.5M
-56M
-58M
-62.5M
-53M
-52.7M
-52M
-53.3M
-51.7M
-39.9M
-52.1M
-57.9M
-56.9M
-44.5M
-38M
-41.4M
-17.7M
-44.9M
72.1M
73.7M
65.7M
56.7M
37.3M
35.6M
60.2M
27.2M
40.1M
45.6M
53.9M
31.1M
22.6M
13.9M
14.2M
4.4M
48.4M
30.5M
-1.8M
NET INCOME
(770K)
(886K)
(1M)
(850K)
(738K)
-9K
(819K)
(327K)
(214K)
(566K)
(295K)
(460K)
(645K)
(1M)
(67.8M)
(42M)
(45M)
(55.3M)
(0.0)
71.4M
72.8M
64.7M
55.9M
36.6M
35.6M
60.2M
27.2M
40.1M
45.6M
53.9M
31.1M
22.6M
51.6M
2.9M
4.4M
6.4M
-7M
-2.5M

SEC Filings

AAT - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 03, 2026
June 03, 2026
2026
8-K

8-K 2026

N/A

June 01, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

May 11, 2026
May 11, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 01, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 28, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 10, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

April 01, 2026
April 01, 2026
2026
10-K

10-K 2025 FY

FY

February 06, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 03, 2026
February 03, 2026
2026
8-K

8-K 2025

N/A

November 14, 2025
November 13, 2025
2025
Showing 1 to 10 of 271 filings