American Assets Trust (AAT) Stock Insights

AAT price $22.09 +0.46 +2.13%

Ticker
AAT
Price
$22.09
Change
+0.46 +2.13%
Market cap ?
$1.36B
P/E ?
73.15
Forward P/E ?
63.11
Dividend yield ?
6.37%
Beta ?
0.98
Sector
Real Estate
Industry
REIT - Diversified
Stocklytics score
45
Value
50
Quality
64
Growth
22

Stocklytics score rationale: value 50, quality 64, growth 22.

Financials

2016201720182019202020212022202320242025
295088000314983000330867000366741000344573000375828000422648000441164000457854000436204000

American Assets Trust, Inc. (AAT) operates as a fully integrated and internally managed real estate investment trust (REIT), headquartered in San Diego, California. The company boasts an extensive history spanning more than 50 years, specializing in the acquisition, improvement, development, and active management of premium office, retail, and residential properties. AAT strategically targets dynamic…

Fair value

AAT fair value $5.09. Price $22.09. Price is 334% above fair value.

Above fair value, and more expensive than usual. A larger premium than on 96% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Average free cash flow, last three years 112.51M. Growth 1.47%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.67% (beta 1.0). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 61.40M. Net debt 1.58B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Model uncertainty high for this stock

Compare AAT

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-02—0.09—114.77M
2026-10-270.130.09114.28M111.87M
2026-07-280.090.10109.48M110.64M
2026-04-280.080.51110.59M109.78M
2026-02-030.050.48110.09M108.70M
2025-10-280.070.49109.58M105.71M
2025-07-290.090.49107.93M108.23M
2025-04-290.700.45108.61M112.05M
2025-02-040.150.14113.46M110.54M
2024-10-290.280.14122.81M111.36M
2024-07-300.200.14110.89M107.00M
2024-05-010.320.26105.02M108.86M
2024-02-060.170.16107.27M106.30M
2023-10-250.200.16105.49M106.87M
2023-07-260.200.15103.90M105.54M
2023-04-260.270.14102.71M101.82M
2023-02-070.560.55106.00M106.71M
2022-10-250.210.16111.02M102.39M
2022-07-260.180.14104.16M96.26M
2022-04-260.180.18101.47M99.50M
2022-02-080.540.47101.75M91.38M
2021-10-260.570.5098.29M91.60M
2021-07-270.510.4391.81M91.60M
2021-04-270.380.0383.99M82.50M
2021-02-090.060.1481.35M84.35M
2020-10-270.110.1684.37M168.75M
2020-07-280.160.1182.11M69.48M
2020-04-280.560.3196.74M149.95M
2020-02-110.560.2598.95M112.44M
2019-10-290.570.2898.36M120.72M
2019-07-300.510.2084.11M93.46M
2019-04-300.560.2385.32M81.76M
2019-02-120.470.4782.61M17.70M
2018-10-300.530.5082.51M15.00M
2018-07-310.090.1785.02M157.90M
2018-05-01-0.010.5080.73M1.37B
2018-02-130.460.2581.75M108.99M
2017-10-310.520.1682.34M69.34M
2017-08-010.160.2277.11M109.23M
2017-05-020.440.2273.79M87.63M

Dividends

Yield 6.16%. Payout ratio 3.91%. Frequency Quarterly.

Safety score 76/100 · Safe. Payout ratio is 4% of earnings. Dividends use most of free cash flow. Dividends were paid in 16 separate years. Yield is 6.2%, which is on the high side.

Ex-dateDividendRecordPaymentFrequency
2026-12-10$0.342026-12-102026-12-17Quarterly
2026-09-03$0.342026-09-032026-09-17Quarterly
2026-06-04$0.342026-06-042026-06-18Quarterly
2026-03-05$0.342026-03-052026-03-19Quarterly
2025-12-04$0.342025-12-042025-12-18Quarterly
2025-09-04$0.342025-09-042025-09-18Quarterly
2025-06-05$0.342025-06-052025-06-19Quarterly
2025-03-06$0.342025-03-062025-03-20Quarterly
2024-12-05$0.342024-12-052024-12-19Quarterly
2024-09-05$0.342024-09-052024-09-19Quarterly
2024-06-06$0.342024-06-062024-06-20Quarterly
2024-03-06$0.342024-03-072024-03-21Quarterly
2023-12-06$0.332023-12-072023-12-21Quarterly
2023-09-06$0.332023-09-072023-09-21Quarterly
2023-06-07$0.332023-06-082023-06-22Quarterly
2023-03-08$0.332023-03-092023-03-23Quarterly
2022-12-07$0.322022-12-082022-12-22Quarterly
2022-09-07$0.322022-09-082022-09-22Quarterly
2022-06-08$0.322022-06-092022-06-23Quarterly
2022-03-09$0.322022-03-102022-03-24Quarterly
2021-12-08$0.302021-12-092021-12-23Quarterly
2021-09-08$0.302021-09-092021-09-23Quarterly
2021-06-09$0.282021-06-102021-06-24Quarterly
2021-03-10$0.282021-03-112021-03-25Quarterly
2020-12-09$0.252020-12-102020-12-24Quarterly
2020-09-09$0.252020-09-102020-09-24Quarterly
2020-06-10$0.202020-06-112020-06-25Quarterly
2020-03-11$0.302020-03-122020-03-26Quarterly
2019-12-11$0.302019-12-122019-12-26Quarterly
2019-09-11$0.282019-09-122019-09-26Quarterly
2019-06-12$0.282019-06-132019-06-27Quarterly
2019-03-13$0.282019-03-142019-03-28Quarterly
2018-12-12$0.282018-12-132018-12-27Quarterly
2018-09-12$0.272018-09-132018-09-27Quarterly
2018-06-13$0.272018-06-142018-06-28Quarterly
2018-03-14$0.272018-03-152018-03-29Quarterly
2017-12-06$0.272017-12-072017-12-21Quarterly
2017-09-13$0.262017-09-142017-09-28Quarterly
2017-06-13$0.262017-06-152017-06-29Quarterly
2017-03-14$0.262017-03-162017-03-30Quarterly
2016-12-06$0.262016-12-082016-12-22Quarterly
2016-09-13$0.252016-09-152016-09-29Quarterly
2016-06-08$0.252016-06-102016-06-24Quarterly
2016-03-09$0.252016-03-112016-03-25Quarterly
2015-12-07$0.252015-12-092015-12-23Quarterly
2015-09-09$0.232015-09-112015-09-25Quarterly
2015-06-10$0.232015-06-122015-06-26Quarterly
2015-03-11$0.232015-03-132015-03-27Quarterly
2014-12-10$0.232014-12-122014-12-26Quarterly
2014-09-10$0.222014-09-122014-09-26Quarterly
2014-06-11$0.222014-06-132014-06-27Quarterly
2014-03-12$0.222014-03-142014-03-28Quarterly
2013-12-11$0.222013-12-132013-12-27Quarterly
2013-09-11$0.212013-09-132013-09-27Quarterly
2013-06-12$0.212013-06-142013-06-28Quarterly
2013-03-13$0.212013-03-152013-03-29Quarterly
2012-12-12$0.212012-12-142012-12-28Quarterly
2012-09-12$0.212012-09-142012-09-28Quarterly
2012-06-13$0.212012-06-152012-06-29Quarterly
2012-03-13$0.212012-03-152012-03-30Quarterly
2011-12-13$0.212011-12-152011-12-29Quarterly
2011-09-13$0.212011-09-152011-09-30Quarterly
2011-06-13$0.212011-06-152011-06-30Quarterly
2011-03-11$0.172011-03-152011-03-31Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-09-14RADY ERNEST SBuy50.00K$21.651.08M
2026-09-02RADY ERNEST SBuy96.64K$22.502.17M
2026-09-01RADY ERNEST SBuy50.00K$22.401.12M
2026-08-31RADY ERNEST SBuy20.00K$22.33446.60K
2026-08-28RADY ERNEST SBuy50.00K$22.521.13M
2026-08-27RADY ERNEST SBuy50.00K$22.561.13M
2026-08-26RADY ERNEST SBuy50.00K$22.891.14M
2026-08-24RADY ERNEST SBuy29.73K$22.74676.04K
2026-08-21RADY ERNEST SBuy50.00K$22.751.14M
2026-08-19RADY ERNEST SBuy10.00K$22.77227.70K
2026-08-18RADY ERNEST SBuy3.59K$22.6981.37K
2026-08-17RADY ERNEST SBuy50.00K$22.551.13M
2026-08-14RADY ERNEST SBuy50.00K$22.791.14M
2026-08-13RADY ERNEST SBuy100.00K$22.862.29M
2026-08-11RADY ERNEST SBuy100.00K$22.522.25M
2026-08-10RADY ERNEST SBuy93.24K$22.452.09M
2026-08-07RADY ERNEST SBuy32.76K$22.82747.65K
2026-08-05RADY ERNEST SBuy3.00K$23.0469.12K
2026-06-15RADY ERNEST SBuy10.00K$24.21242.10K
2026-06-12RADY ERNEST SBuy10.00K$24.63246.30K
2026-06-11RADY ERNEST SBuy8.00K$24.62196.96K
2026-06-11RADY ERNEST SBuy2.00K$24.6249.24K
2026-06-10RADY ERNEST SBuy10.00K$24.64246.40K
2026-06-01SULLIVAN ROBERT SBuy3.84K——
2026-06-01Olinger Thomas SBuy3.84K——
2026-06-01TANZ STUART ABuy3.84K——
2026-06-01Schaefer Joy L.Buy3.84K——
2026-05-29RADY ERNEST SBuy10.00K$23.59235.90K
2026-05-28RADY ERNEST SBuy16.34K$22.96375.10K
2026-05-27RADY ERNEST SBuy80.00K$22.561.80M
2026-05-22RADY ERNEST SBuy10.00K$22.67226.70K
2026-05-21RADY ERNEST SBuy56.66K$21.701.23M
2026-05-20RADY ERNEST SBuy4.88K$21.32104.04K
2026-05-19RADY ERNEST SBuy17.32K$21.15366.30K
2026-05-18RADY ERNEST SBuy68.77K$21.001.44M
2026-05-18RADY ERNEST SBuy2.40K$21.0050.40K
2026-05-15RADY ERNEST SBuy29.36K$20.79610.39K
2026-05-14RADY ERNEST SBuy78.00K$21.091.65M
2026-05-13RADY ERNEST SBuy78.00K$20.991.64M
2026-05-12RADY ERNEST SBuy14.64K$21.01307.59K
2026-02-26RADY ERNEST SBuy5.15K$20.06103.33K
2026-02-25RADY ERNEST SBuy5.60K$19.52109.25K
2026-02-24RADY ERNEST SBuy25.86K$19.28498.54K
2026-02-24RADY ERNEST SBuy28.86K$19.28556.38K
2026-02-23RADY ERNEST SBuy50.00K$19.50975.00K
2026-02-20RADY ERNEST SBuy3.53K$19.3768.34K
2026-02-19RADY ERNEST SBuy57.90K$18.831.09M
2026-02-18RADY ERNEST SBuy100.00K$18.811.88M
2026-02-17RADY ERNEST SBuy1.97K$18.5336.47K
2025-12-04Wyll AdamSell10.48K$19.50204.32K
2025-12-03Gammieri JerryBuy34.51K——
2025-12-03Barton Robert F.Buy99.68K——
2025-12-03Wyll AdamBuy161.02K——
2025-12-02Gammieri JerrySell12.70K$19.50247.67K
2025-12-02Gammieri JerrySell2.22K——
2025-12-02Barton Robert F.Sell33.27K$19.50648.71K
2025-12-02Barton Robert F.Sell5.76K——
2025-12-02Wyll AdamSell37.05K$19.50722.46K
2025-12-02Wyll AdamSell6.92K——
2025-12-02RADY ERNEST SSell2.78K——
2025-06-02Tran Nina ABuy4.45K——
2025-06-02Schaefer Joy L.Buy4.45K——
2025-06-02SULLIVAN ROBERT SBuy4.45K——
2025-06-02Olinger Thomas SBuy4.45K——
2024-12-04Wyll AdamBuy146.04K——
2024-12-04Gammieri JerryBuy23.00K——
2024-12-04Barton Robert F.Buy60.24K——
2024-12-03Wyll AdamSell1.17K——
2024-12-03Wyll AdamSell30.24K$28.22853.32K
2024-12-03Gammieri JerrySell12.38K$28.44352.03K
2024-12-03Gammieri JerrySell494——
2024-12-03Barton Robert F.Sell8.17K$28.44232.47K
2024-12-03Barton Robert F.Sell1.23K——
2024-12-03RADY ERNEST SSell2.78K——
2024-06-03Tran Nina ABuy2.29K——
2024-06-03Schaefer Joy L.Buy2.29K——
2024-06-03SULLIVAN ROBERT SBuy2.29K——
2024-06-03Olinger Thomas SBuy2.29K——
2023-12-07Gammieri JerryBuy31.71K——
2023-12-07Wyll AdamBuy83.24K——
2023-12-07Barton Robert F.Buy83.24K——
2023-12-06Gammieri JerrySell7.60K$20.14153.02K
2023-12-06Gammieri JerrySell6.09K——
2023-12-06Wyll AdamSell17.41K$20.14350.72K
2023-12-06Wyll AdamSell12.45K——
2023-12-06Barton Robert F.Sell15.22K——
2023-12-06RADY ERNEST SSell30.98K——
2023-06-05Schaefer Joy L.Buy2.59K——
2023-06-05SULLIVAN ROBERT SBuy2.59K——
2023-06-05Tran Nina ABuy2.59K——
2023-06-05Olinger Thomas SBuy2.59K——
2023-05-12RADY ERNEST SBuy100.00K$18.761.88M
2023-05-11RADY ERNEST SBuy47.54K$18.84895.65K
2023-05-10RADY ERNEST SBuy42.14K$18.84793.92K
2023-05-09RADY ERNEST SBuy100.00K$18.861.89M
2023-05-08RADY ERNEST SBuy100.00K$18.931.89M
2023-05-05RADY ERNEST SBuy100.00K$18.891.89M
2023-05-04RADY ERNEST SBuy80.00K$18.601.49M
2023-05-03RADY ERNEST SBuy100.00K$17.661.77M
2023-05-02RADY ERNEST SBuy100.00K$17.661.77M

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 246, holders +10 vs prior quarter. Ownership 96.58%.

HolderSharesChangeChange %Value
BLACKROCK, INC.9.16M-290.04K-3.07%226.22M
AMERICAN ASSETS INC7.37M00.00%182.08M
VANGUARD PORTFOLIO MANAGEMENT LLC5.47M75.38K+1.40%135.11M
STATE STREET CORP2.80M-46.41K-1.63%69.08M
SENVEST MANAGEMENT, LLC2.65M-925.70K-25.88%65.46M
LSV ASSET MANAGEMENT2.21M235.57K+11.92%54.62M
VANGUARD CAPITAL MANAGEMENT LLC2.05M-65.97K-3.11%50.68M
AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC1.48M00.00%36.48M
GEODE CAPITAL MANAGEMENT, LLC1.39M57.65K+4.31%34.43M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.1.28M1.28MNew31.60M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC1.28M18.60K+1.47%31.60M
AMERIPRISE FINANCIAL INC1.05M96.64K+10.15%25.72M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1.03M71.33K+7.42%25.48M
FULLER & THALER ASSET MANAGEMENT, INC.1.02M424.03K+71.17%25.18M
MORGAN STANLEY953.78K70.30K+7.96%23.55M
PRIVATE MANAGEMENT GROUP INC800.02K-6.57K-0.81%19.75M
INVESCO LTD.709.15K-96.48K-11.98%17.51M
NORTHERN TRUST CORP665.61K-108.92K-14.06%16.43M
DIMENSIONAL FUND ADVISORS LP663.09K46.21K+7.49%16.37M
TWO SIGMA INVESTMENTS, LP618.31K75.58K+13.93%15.27M
ALGERT GLOBAL LLC589.23K-223.67K-27.51%14.55M
JPMORGAN CHASE & CO516.65K-762.88K-59.62%12.89M
BANK OF NEW YORK MELLON CORP452.08K-7.42K-1.61%11.16M
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC435.68K-30.18K-6.48%10.76M
UBS GROUP AG418.65K-6.68K-1.57%10.34M

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American Assets Trust (AAT) Stock Insights

AAT$22.09+0.46 +2.13%

$1.36B

Market Cap

73.15

P/E

63.11

Forward P/E

45

Score

Price History