# American Assets Trust share price today (American Assets Trust, Inc., AAT)

> American Assets Trust, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. AAT · Real Estate · REIT - Diversified · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/aat

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $21.73 (+13.7% in a year)
- P/E: 62.3×, over 4.6 years
- Revenue (Jun 2026): $108 M (+1.4% on a year ago)
- Profit (Jun 2026): $5.2 M (−5.2% on a year ago)
- Operating margin: 24.3% (flat on a year ago)
- ROE: 5%, FY25
- ROIC: 3.7%, against a 7.1% cost of capital: −3.4 points

Biggest thing to watch: the price has already been rising for 2 weeks, so timing is the risk more than the business. ## What is the American Assets Trust share price today? American Assets Trust, Inc.'s share price was $21.73 at the close on 3 November 2026. It has been rising for 2 weeks. That is 1.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between $18 and $26, and at that close it sat 50% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 12 weeks running. Over the last 10 years the share price moved −50% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does American Assets Trust pay? American Assets Trust, Inc. paid $1.36 per share over the last four reported quarters. The most recent declaration was $0.34 for Jun 2026. At today's price of $21.73 that is a yield of 6.26%, based on dividends already paid, not a forecast. ## Which stock lists is American Assets Trust on? American Assets Trust is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is American Assets Trust profitable? American Assets Trust, Inc. earned $5.2 M of net profit in the Jun 2026 quarter, −5.2% on the same quarter a year earlier. Full-year FY25 profit was $55.6 M. Over 4 years profit has grown 18.3% a year on average. That is 4.8% of the quarter's revenue. The same quarter a year earlier earned $5.5 M. For the full year, FY25 profit was $55.6 M (−2.0% on the year before). Why profit moved: revenue changed +1.4% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −57.7% and revenue −2.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does American Assets Trust make, and is it growing? American Assets Trust, Inc. reported $108 M of revenue in the Jun 2026 quarter, +1.4% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 4 years it has grown 3.7% a year on average. The last full year, FY25, came in at $432 M. The last four reported quarters add to $435 M. FY25 revenue was $432 M, −4.7% on the year before. Recent pace: the last four quarters grew −2.6% on average, against 3.7% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −2.9%, against −0.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −75.6%, against −42.0% a year (rolling over). ## How much of every $100 of sales does American Assets Trust keep? American Assets Trust, Inc.'s operating margin was 24.3% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 5 years it has been between 23.5% and 28.5%. The latest quarter is within that range. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is American Assets Trust's profit turning into cash? Over the last 3 years, 346% of American Assets Trust, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $167 M of operating cash against $55.6 M of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does American Assets Trust's cash go? American Assets Trust, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is American Assets Trust's P/E ratio, and how does it compare with its own history? American Assets Trust, Inc.'s P/E is 62.3×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −2.4% while the price moved +13.7%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +2.9% a year; about −28.9% a year came from earnings growth and about +31.8 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the American Assets Trust business getting better or worse? American Assets Trust, Inc.'s business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −2.9% in the latest quarter, against +5.1% at its best in 12 quarters, with ROCE steady at 3.4%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does American Assets Trust earn on its capital? American Assets Trust, Inc. earned a ROE of 5% in FY25. That is up from a low of 2% in FY21. Its return on capital used (ROIC) is 3.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 12.9% net margin and 0.15× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 12.9% net margin × 0.15× asset turnover × 2.68× leverage (assets divided by equity) ≈ 5.2% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 3.7% − 7.1% = −3.4 percentage points. The 7.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does American Assets Trust have too much debt? American Assets Trust, Inc. has total debt of $1.7 B against shareholder equity of $1.1 B as of Jun 2026, so its debt is 1.62× its equity. Year by year, that ratio went from 1.39 in FY21 to 1.56 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the American Assets Trust shareholding pattern? 3.4% of American Assets Trust, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is American Assets Trust from balance-sheet trouble? For American Assets Trust, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does American Assets Trust rank in its industry? 40.4 out of 100, rank 8 of 13 in REIT - Diversified, with 80% of the evidence available. American Assets Trust, Inc. scores 40.4 out of 100 against the 13 companies it is compared with in REIT - Diversified, ranking 8. Relative strength against the index is -1.2%, and revenue and profit growth are weak. The four parts add up to the total exactly: 6.2 + 13.3 + 4.6 + 16.3 = 40.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is American Assets Trust compared with? American Assets Trust ranks 8 of 13 REIT - Diversified companies on the 4-Factor Sector Score, with 40.4 out of 100. 1. [W. P. Carey Inc.](https://www.sectoralpha.in/us/stocks/wpc) WPC · basing · Evidence leans up · 80% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.9/35 · Income 11.3% · Profit 93.5% · 81% evidence Capital efficiency 18.0/25 · ROA 3.4% · ROE 8.6% · GNPA n/a · 68% evidence Valuation 8.8/20 · P/BV 1.83× · P/BV÷ROE 0.21 · 70% evidence Relative strength 8.1/20 · Lead over its industry -1.2% · Lead over S&P 500 -12.1% · 1 year -4.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.9 + 18 + 8.8 + 8.1 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [VICI Properties Inc.](https://www.sectoralpha.in/us/stocks/vici) VICI · basing · Evidence leans up · 80% evidence 61.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Income 4.4% · Profit 0.3% · 81% evidence Capital efficiency 19.4/25 · ROA 5.8% · ROE 12.5% · GNPA n/a · 68% evidence Valuation 16.2/20 · P/BV 0.98× · P/BV÷ROE 0.08 · 70% evidence Relative strength 7.6/20 · Lead over its industry -4% · Lead over S&P 500 -14.8% · 1 year -19.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.7 + 19.4 + 16.2 + 7.6 = 61.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [One Liberty Properties, Inc.](https://www.sectoralpha.in/us/stocks/olp) OLP · basing · Evidence leans up · 80% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Income 9.6% · Profit 22.2% · 81% evidence Capital efficiency 16.2/25 · ROA 2.7% · ROE 8.4% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV 1.75× · P/BV÷ROE 0.21 · 70% evidence Relative strength 11.3/20 · Lead over its industry 3.2% · Lead over S&P 500 -8.1% · 1 year 6.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.2 + 16.2 + 9.8 + 11.3 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [CTO Realty Growth, Inc.](https://www.sectoralpha.in/us/stocks/cto) CTO · quiet · Evidence leans up · 69% evidence 52.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Income 13.4% · Profit n/a · 52% evidence Capital efficiency 11.9/25 · ROA 2% · ROE 4.3% · GNPA n/a · 68% evidence Valuation 6.8/20 · P/BV 1.1× · P/BV÷ROE 0.26 · 70% evidence Relative strength 11.2/20 · Lead over its industry 7.7% · Lead over S&P 500 -3.8% · 1 year 15% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23 + 11.9 + 6.8 + 11.2 = 52.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Broadstone Net Lease, Inc.](https://www.sectoralpha.in/us/stocks/bnl) BNL · basing · Evidence leans up · 80% evidence 52.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Income 7.5% · Profit 48.5% · 81% evidence Capital efficiency 15.1/25 · ROA 2.7% · ROE 6.1% · GNPA n/a · 68% evidence Valuation 8.5/20 · P/BV 1.32× · P/BV÷ROE 0.22 · 70% evidence Relative strength 6.5/20 · Lead over its industry -1% · Lead over S&P 500 -11.9% · 1 year -0.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.1 + 15.1 + 8.5 + 6.5 = 52.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Gladstone Commercial Corporation](https://www.sectoralpha.in/us/stocks/good) GOOD · quiet · Evidence leans up · 80% evidence 50.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Income 10.4% · Profit -20% · 81% evidence Capital efficiency 15.8/25 · ROA 3.4% · ROE 8.3% · GNPA n/a · 68% evidence Valuation 7.7/20 · P/BV 1.82× · P/BV÷ROE 0.22 · 70% evidence Relative strength 9.5/20 · Lead over its industry 1.7% · Lead over S&P 500 -9.2% · 1 year 5.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.4 + 15.8 + 7.7 + 9.5 = 50.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [FrontView REIT, Inc.](https://www.sectoralpha.in/us/stocks/fvr) FVR · quiet · Evidence leans down · 69% evidence 44.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Income 6.2% · Profit n/a · 52% evidence Capital efficiency 8.0/25 · ROA 1.3% · ROE 0.3% · GNPA n/a · 68% evidence Valuation 3.8/20 · P/BV 0.87× · P/BV÷ROE 2.89 · 70% evidence Relative strength 15.2/20 · Lead over its industry 14.9% · Lead over S&P 500 2.6% · 1 year 43.7% · 100% evidence · 2 of 12 weeks ahead Exact sum: 17 + 8 + 3.8 + 15.2 = 44 · What this means: Relative strength against the index is 2.6%, and revenue and profit growth are weak. 8. American Assets Trust, Inc. this page AAT · quiet · Evidence leans down · 80% evidence 40.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.2/35 · Income -2.9% · Profit -75.7% · 81% evidence Capital efficiency 13.3/25 · ROA 2.2% · ROE 2.5% · GNPA n/a · 68% evidence Valuation 4.6/20 · P/BV 1.44× · P/BV÷ROE 0.57 · 70% evidence Relative strength 16.3/20 · Lead over its industry 10.7% · Lead over S&P 500 -1.2% · 1 year 12.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 6.2 + 13.3 + 4.6 + 16.3 = 40.4 · What this means: Relative strength against the index is -1.2%, and revenue and profit growth are weak. 9. [Safehold Inc.](https://www.sectoralpha.in/us/stocks/safe) SAFE · basing · Evidence leans down · 80% evidence 40.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Income 10.9% · Profit 13.7% · 81% evidence Capital efficiency 15.0/25 · ROA 2.8% · ROE 4.7% · GNPA n/a · 68% evidence Valuation 8.6/20 · P/BV 0.43× · P/BV÷ROE 0.09 · 70% evidence Relative strength 0.5/20 · Lead over its industry -16.7% · Lead over S&P 500 -26.1% · 1 year -15.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.1 + 15 + 8.6 + 0.5 = 40.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [JBG SMITH Properties](https://www.sectoralpha.in/us/stocks/jbgs) JBGS · basing · Too little evidence to rank firmly · 57% evidence 37.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Income -1.4% · Profit n/a · 52% evidence Capital efficiency 4.0/25 · ROA 0.1% · ROE -5.6% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV 0.54× · P/BV÷ROE n/a · 10% evidence Relative strength 7.2/20 · Lead over its industry -14.1% · Lead over S&P 500 -24% · 1 year -37.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.9 + 4 + 9.8 + 7.2 = 37.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [Global Net Lease, Inc.](https://www.sectoralpha.in/us/stocks/gnl) GNL · quiet · Too little evidence to rank firmly · 57% evidence 37.4 out of 100 Growth Capital Valuation Relative
12. [Empire State Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/esrt) ESRT · turning · Most evidence points down · 80% evidence 32.8 out of 100 Growth Capital Valuation Relative
13. [AH REALTY TRUST INC](https://www.sectoralpha.in/us/stocks/ahrt) AHRT · basing · Too little evidence to rank firmly · 47% evidence 53.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Diversified](https://www.sectoralpha.in/us/sectors/reit-diversified), all 13 compared on one page. ## Which companies are close to American Assets Trust in size? American Assets Trust is the 4th largest of 13 REIT - Diversified companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: VICI Properties Inc., W. P. Carey Inc. and Broadstone Net Lease, Inc. Just below it: Global Net Lease, Inc., Empire State Realty Trust, Inc. and JBG SMITH Properties. ### REIT - Diversified companies close in size

1. [VICI Properties Inc.](https://www.sectoralpha.in/us/stocks/vici) $26.9 billion
2. [W. P. Carey Inc.](https://www.sectoralpha.in/us/stocks/wpc) $14.9 billion
3. [Broadstone Net Lease, Inc.](https://www.sectoralpha.in/us/stocks/bnl) $3.6 billion
4. American Assets Trust, Inc. $1.7 billion
5. [Global Net Lease, Inc.](https://www.sectoralpha.in/us/stocks/gnl) $1.6 billion
6. [Empire State Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/esrt) $1.4 billion
7. [JBG SMITH Properties](https://www.sectoralpha.in/us/stocks/jbgs) $839 million

[All 13 REIT - Diversified companies, largest first](https://www.sectoralpha.in/us/sectors/reit-diversified#all-companies)

### Companies close in size in other industries

1. [A10 Networks, Inc.](https://www.sectoralpha.in/us/stocks/aten) $1.7 billion · Software - Infrastructure
2. [Hope Bancorp, Inc.](https://www.sectoralpha.in/us/stocks/hope) $1.7 billion · Banks - Regional
3. American Assets Trust, Inc. $1.7 billion
4. [Generate Biomedicines, Inc.](https://www.sectoralpha.in/us/stocks/genb) $1.7 billion · Biotechnology
5. [SFL Corporation Ltd.](https://www.sectoralpha.in/us/stocks/sfl) $1.7 billion · Marine Shipping

## What else do people ask about American Assets Trust? ### What were American Assets Trust's latest quarterly results? American Assets Trust, Inc. reported revenue of $108 M and net profit of $5.2 M for the Jun 2026 quarter. Revenue rose 1.4% and profit fell 5.2% compared with a year earlier. Earnings per share were $0.09. The operating margin was 24.3%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is American Assets Trust's market cap? American Assets Trust, Inc.'s market capitalisation is $1.7 B at a stock price of $21.73. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is American Assets Trust performing? American Assets Trust, Inc.'s share price has been rising for 2 weeks. In its latest quarter, revenue rose 1.4% and profit fell 5.2% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 12 weeks running (as of 3 November 2026). ### Will American Assets Trust's stock price go up? This page does not forecast American Assets Trust, Inc.'s stock price. What it shows instead: the stock price is $21.73, and it has been rising for 2 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does American Assets Trust have too much debt? Yes, American Assets Trust, Inc. has a lot of debt: its debt is 1.64× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Is American Assets Trust's profit real cash? Yes, over the last 3 years, 346% of American Assets Trust, Inc.'s reported profit came in as cash from operations. The latest year was lower at 300%, so the trend is worth watching. In FY25, operating cash was $167 M against reported profit of $55.6 M. Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 3 November 2026). ### Where is American Assets Trust in its business cycle? American Assets Trust, Inc.'s FY25 operating margin was 23.5%, against a 5-year range of 23.5% to 28.5%: the low end of its own range, which is often where recoveries start. The latest quarter was 24.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the American Assets Trust story? Biggest thing to watch: the price has already been rising for 2 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is American Assets Trust a stock worth studying right now? What the numbers show: American Assets Trust, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.