AMERICAN ASSETS TRUST REIT INC (AAT)
Real Estate · NYSE
American Assets Trust is a vertically integrated, self-administered REIT that owns, operates, acquires and develops office, retail, multifamily and mixed-use properties across high-barrier-to-entry markets in Southern…
What AMERICAN ASSETS TRUST REIT INC does
American Assets Trust is a vertically integrated, self-administered REIT that owns, operates, acquires and develops office, retail, multifamily and mixed-use properties across high-barrier-to-entry markets in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. As of December 31, 2025, the company's portfolio comprises twelve office properties, eleven retail shopping centers, one mixed-use property with a 369-room hotel and retail center, and seven multifamily properties, with a focus on in-fill locations in core markets including San Diego, San Francisco Bay Area, Bellevue, Portland and Oahu.
Themes: ["West Coast real estate","Office properties / commercial real estate","Retail shopping centers","Multifamily / residential","Mixed-use development","High-barrier-to-entry markets"]
Fundamentals
- Price$25.07 as of 2026-07-09 close
- Market cap$1.5B as of 2026-07-10
- 1-year return+23.1% as of 2026-07-09 close
- P/E80.88 as of 2026-07-10
- Net margin+4.4% as of 2026-07-10
- Gross margin+60.8% as of 2026-07-10
- ROE+1.7% as of 2026-07-10
- Debt / equity1.49 as of 2026-07-10
- Revenue growth (YoY)-3.9% as of 2026-07-10
- Revenue CAGR (3y)+1.1% SEC XBRL
- Beta0.99 as of 2026-07-10
Dividend: yield +5.4%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Exposure to West Coast commercial real estate markets, which face headwinds from office vacancy trends and changing workplace dynamics","Interest rate sensitivity through significant unsecured debt ($1.6 billion as of March 31, 2026) affecting financing costs and refinancing risk","Revenue decline of 3.86% YoY and negative accumulated dividends in excess of net income (-$346.6 million), indicating distributable cash flow pressure relative to dividend obligations"]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.