AAT · American Assets Trust, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $110.59M | - | $109.58M | $107.93M | $108.61M | - | $122.81M | $110.89M | $110.69M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $66.93M | - | $66.28M | $67.61M | $67.30M | - | $80.41M | $70.54M | $69.61M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $8.78M | - | $9.50M | $8.85M | $9.31M | - | $9.07M | $8.74M | $8.84M | - |
| Total Operating Expenses | $84.76M | - | $84.81M | $81.95M | $81.11M | - | $85.00M | $80.10M | $80.15M | - |
| D&A | $32.31M | - | $32.01M | $32.78M | $30.49M | - | $33.53M | $31.01M | $30.22M | - |
| Operating Income | $25.83M | - | $24.77M | $25.98M | $71.97M | - | $37.81M | $30.79M | $30.55M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $101.0K | - | $156.0K | $118.0K | $417.0K | - | $235.0K | $201.0K | $260.0K | - |
| Net Income | $5.13M | - | $4.51M | $5.46M | $42.53M | - | $16.66M | $11.90M | $19.26M | - |
| EPS - Basic | $0.08 | - | $0.07 | $0.09 | $0.70 | - | $0.28 | $0.20 | $0.32 | - |
| EPS - Diluted | $0.08 | - | $0.07 | $0.09 | $0.70 | - | $0.28 | $0.20 | $0.32 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $118.34M | $129.36M | $138.71M | $143.74M | $143.91M | $425.66M | $533.00M | $114.88M | $98.55M | $82.89M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.90B | $2.92B | $2.94B | $2.96B | $2.97B | $3.27B | $3.40B | $2.99B | $2.99B | $2.98B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | $1.70B | - | - | - | $2.02B | - | - | - | $1.70B |
| Total Liabilities | $1.83B | $1.83B | $1.83B | $1.82B | $1.82B | $2.15B | $2.26B | $1.85B | $1.83B | $1.83B |
| Stockholders' Equity | $1.14B | $1.15B | $1.17B | $1.18B | $1.20B | $1.18B | $1.19B | $1.19B | $1.20B | $1.20B |
| Retained Earnings | ($346.59M) | ($331.09M) | ($313.59M) | ($297.52M) | ($282.39M) | ($304.34M) | ($293.04M) | ($289.49M) | ($281.18M) | ($280.24M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $38.59M | - | - | - | $36.87M | - | - | - | $54.78M | - |
| Investing Cash Flow | ($23.24M) | - | - | - | $32.67M | - | - | - | ($13.29M) | - |
| Financing Cash Flow | ($26.38M) | - | - | - | ($351.29M) | - | - | - | ($25.82M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 60.5% | - | 60.5% | 62.6% | 62.0% | - | 65.5% | 63.6% | 62.9% | - |
| Operating margin | 23.4% | - | 22.6% | 24.1% | 66.3% | - | 30.8% | 27.8% | 27.6% | - |
| EBITDA margin | 52.6% | - | 51.8% | 54.4% | 94.3% | - | 58.1% | 55.7% | 54.9% | - |
| Net margin | 4.6% | - | 4.1% | 5.1% | 39.2% | - | 13.6% | 10.7% | 17.4% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.9% | - | 8.7% | 8.2% | 8.6% | - | 7.4% | 7.9% | 8.0% | - |
| Effective tax rate | 1.9% | - | 3.3% | 2.1% | 1.0% | - | 1.4% | 1.7% | 1.3% | - |
| Return on assets | 0.2% | - | 0.2% | 0.2% | 1.4% | - | 0.5% | 0.4% | 0.6% | - |
| Return on equity | 0.5% | - | 0.4% | 0.5% | 3.5% | - | 1.4% | 1.0% | 1.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | 1.48 | - | - | - | 1.72 | - | - | - | 1.42 |
| Debt / Assets | - | 0.58 | - | - | - | 0.62 | - | - | - | 0.57 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.55 | 2.54 | 2.52 | 2.50 | 2.48 | 2.78 | 2.86 | 2.51 | 2.49 | 2.49 |
| Liabilities / Assets | 0.63 | 0.63 | 0.62 | 0.62 | 0.61 | 0.66 | 0.66 | 0.62 | 0.61 | 0.61 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.04 | 0.04 | 0.04 | - | 0.04 | 0.04 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 230.1x | - | 290.3x | 219.4x | 28.8x | - | 95.4x | 111.9x | 68.5x | - |
| P / B | 1.2x | - | 1.3x | 1.3x | 1.3x | - | 1.7x | 1.4x | 1.4x | - |
| P / S | 12.8x | - | 14.2x | 14.0x | 14.2x | - | 16.6x | 15.4x | 15.1x | - |
| EV / EBITDA | 22.3x | - | 25.0x | 23.3x | 13.7x | - | 21.2x | 25.8x | 26.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.8% | - | -10.8% | -2.7% | -1.9% | - | 10.4% | 1.1% | 2.7% | - |
| Revenue CAGR (3y) | 0.9% | - | -0.4% | 1.2% | 2.3% | - | 7.7% | 6.5% | 9.6% | - |
| Revenue CAGR (5y) | 5.7% | - | 5.4% | 5.6% | 2.3% | - | 4.5% | 5.7% | 5.3% | - |
| Gross profit growth (YoY) | -0.6% | - | -17.6% | -4.2% | -3.3% | - | 15.1% | 0.9% | 1.4% | - |
| Operating income growth (YoY) | -64.1% | - | -34.5% | -15.6% | 135.6% | - | 21.4% | -2.2% | 2.8% | - |
| Net income growth (YoY) | -87.9% | - | -72.9% | -54.2% | 120.8% | - | 41.4% | -0.7% | 19.4% | - |
| EPS growth (YoY) | -88.6% | - | -75.0% | -55.0% | 118.7% | - | 40.0% | 0.0% | 18.5% | - |
| EPS CAGR (3y) | -33.3% | - | -30.7% | -20.6% | 57.3% | - | 18.1% | 10.1% | 152.0% | - |
| EPS CAGR (5y) | 32.0% | - | -2.6% | -7.1% | 28.5% | - | 4.9% | 2.1% | 5.9% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -5.2% | -2.1% | -1.5% | -0.7% | -0.1% | -1.8% | -1.9% | -1.9% | -1.4% | -1.9% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing American Assets Trust against the 5 most active filers in the same SIC group.
Dividends
$1.02/share trailing 12 months · -39.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 5, 2026 | $0.3400 |
| Dec 4, 2025 | $0.3400 |
| Sep 4, 2025 | $0.3400 |
| Jun 5, 2025 | $0.3400 |
| Mar 6, 2025 | $0.3400 |
| Dec 5, 2024 | $0.3350 |
| Sep 5, 2024 | $0.3350 |
| Jun 6, 2024 | $0.3350 |
| Mar 6, 2024 | $0.3350 |
| Dec 6, 2023 | $0.3300 |
| Sep 6, 2023 | $0.3300 |
| Jun 7, 2023 | $0.3300 |
| Mar 8, 2023 | $0.3300 |
| Dec 7, 2022 | $0.3200 |
| Sep 7, 2022 | $0.3200 |
| Jun 8, 2022 | $0.3200 |
| Mar 9, 2022 | $0.3200 |
| Dec 8, 2021 | $0.3000 |
| Sep 8, 2021 | $0.3000 |
| Jun 9, 2021 | $0.2800 |
| Mar 10, 2021 | $0.2800 |
| Dec 9, 2020 | $0.2500 |
| Sep 9, 2020 | $0.2500 |
| Jun 10, 2020 | $0.2000 |