American Assets Trust, Inc.

American Assets Trust, Inc.

AATยทNYSE

$23.86

+2.2%
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-7.0%
5Y+32.0%
10Y+36.0%
3Y-82.0%
5Y-56.0%
10Y-52.0%
3Y+321.0%
5Y+1429.0%
10Y+698.0%
AAT

American Assets Trust, Inc. Cash Conversion Engine

AAT ยท NYSE
Net Income71.37M
Depreciation & Amortization127.31M
Stock-Based Compensation7.40M
Change in Working Capital-1.04M
Others-37.92M
Capital Expenditures-72.25M
Free Cash Flow94.86M

Cash Flow Quality Analysis

FCF Conversion Rate

132.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

43.2%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-30.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$1.04M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

American Assets Trust, Inc. Cash Flow Statement

AAT โ€ข NYSE

American Assets Trust, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007
OPERATING ACTIVITIES
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
13.9M
14.2M
2.2M
5.2M
-12.1M
-7.5M
127.3M
125.5M
119.5M
123.3M
116.3M
108.3M
96.2M
107.1M
83.3M
71.3M
63.4M
66.6M
66.8M
61.9M
57.6M
38M
30.2M
31.5M
31.4M
0.0
0.0
0.0
0.0
0.0
18.4M
-120K
0.0
10.7M
0.0
-7.1M
1.6M
-160K
382K
-14.6M
0.0
0.0
0.0
0.0
7.4M
7.1M
8.8M
8.7M
8.5M
6.3M
4.5M
3M
4.7M
2.4M
2.9M
3.7M
2.8M
2.9M
2.6M
0.0
0.0
0.0
0.0
-37.9M
-1.2M
-3.3M
-8.3M
-12.7M
-31.8M
-4.8M
-523K
298K
836K
-726K
-682K
-57K
-634K
9.1M
9.8M
13.5M
25.7M
13.1M
(934K)
(1.2M)
(1.4M)
(865K)
(356K)
(844K)
(971K)
(462K)
(461K)
(641K)
(633K)
(0.0)
(0.0)
(1.2M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1M
2.9M
-982K
-530K
19.6M
-9.8M
-2.1M
-304K
6.7M
2.5M
-1.6M
3.3M
737K
-2.5M
-3.6M
-1.6M
-1.5M
2.5M
-5.8M
167.1M
207.1M
188.8M
179.1M
168.3M
127M
153.8M
136.5M
145.9M
122.7M
110.7M
105.6M
92.7M
75.9M
65.4M
48.3M
47.5M
47.6M
31.2M
INVESTING ACTIVITIES
-72.3M
-70.2M
-83M
-113.8M
-104.6M
-63.5M
-88.3M
-54.4M
-47.5M
-59.6M
-134.2M
-144.7M
-55.7M
-34.6M
-242.5M
-37.5M
-7M
-19.9M
-20.1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(499.6M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-274M
(15.2M)
(0.0)
(0.0)
(0.0)
-47.7M
(0.0)
(0.0)
(0.0)
(0.0)
-47.8M
(0.0)
-507.8M
(0.0)
-278.1M
-309K
(0.0)
(0.0)
(0.0)
(87.6M)
-33.1M
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
0.0
47.7M
0.0
8.2M
0.0
0.0
0.0
12.3M
0.0
0.0
27.6M
5M
0.0
0.0
0.0
0.0
41.7M
-7.2M
-6.9M
-52.5M
-207.7M
-5.6M
-510.9M
-9.9M
-283.1M
-3.9M
6.9M
-8.2M
-2.6M
-899K
23.7M
8M
-536K
22M
23.4M
-30.5M
-77.4M
-89.9M
-166.3M
-312.3M
-69.1M
-599.2M
-64.3M
-330.6M
-63.5M
-127.3M
-152.8M
-58.3M
-194.3M
-231.7M
-29.5M
-7.5M
(2.1M)
-44.4M
FINANCING ACTIVITIES
-2.4M
-1.4M
-831K
0.0
-865K
-672K
515.4M
-236K
29.9M
9.6M
72.8M
104.1M
25.3M
0.0
602M
0.0
0.0
0.0
0.0
-325M
323.3M
39M
-3.7M
239.3M
49M
65.2M
-33.1M
262.9M
3M
-6M
14.7M
-2.4M
98.3M
-261.4M
17.4M
-11.3M
26M
20.6M
-105.3M
-103.4M
-80.2M
-77.5M
-88.9M
-76.5M
-80.6M
-51.5M
-67.5M
-64.1M
-42.5M
-54.3M
-49.5M
-48.5M
-46.1M
(0.0)
(0.0)
(0.0)
(0.0)
-2.4M
-1.4M
-831K
(0.0)
-865K
-672K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-250K
-5.4M
-23.5M
-21.5M
-5.1M
-125K
-2.4M
-3.3M
-3.3M
-2.9M
-10.3M
-6.9M
-1.4M
-1.7M
-57.3M
-18.5M
-147K
-11.7M
-1.7M
-432.9M
213.1M
-65.5M
-102.7M
144.4M
-28.3M
497.5M
-106.8M
221.9M
-54.3M
-2.9M
57.6M
-28M
48.1M
237.1M
-1.1M
-34.7M
-50M
18.9M
CASH FLOW SUMMARY
-296.3M
342.8M
33.3M
-90M
475K
29.6M
52.2M
-34.7M
37.2M
4.9M
-19.4M
10.4M
6.5M
-70.2M
70.8M
17.8M
5.2M
-254K
5.6M
425.7M
82.9M
49.6M
139.5M
139M
109.5M
57.3M
92M
54.8M
39.9M
59.4M
49M
42.5M
112.7M
42M
24.2M
19M
19.2M
13.6M
129.4M
425.7M
82.9M
49.6M
139.5M
139M
109.5M
57.3M
92M
44.8M
39.9M
59.4M
49M
42.5M
112.7M
42M
24.2M
19M
19.2M
94.9M
136.9M
105.8M
65.3M
63.7M
63.5M
65.5M
82.1M
98.4M
63M
-23.5M
-39.1M
37.1M
41.4M
-177.2M
10.8M
40.5M
27.7M
11.1M

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