Why did American Assets Trust (AAT) stock move recently?

On 7/22/2026, American Assets Trust moved -4.0% — No company-specific news or filing explains the drop; AAT moved lower with broader market sentiment amid inflation concerns and ahead of its expected quarterly earnings release next week. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is American Assets Trust (AAT) overvalued or fairly valued?

MarketChacha shows American Assets Trust's valuation in context — a trailing P/E of about 77.7, a forward P/E of about 31.3, a price-to-book of about 1.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does American Assets Trust's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.70×) from reported figures — education, not a rating.

What is American Assets Trust's revenue?

American Assets Trust reported revenue of $39.9M for FY2025, with net profit of $71.4M, per official filings.

What is the share price of American Assets Trust (AAT)?

American Assets Trust last traded at $22.54 (-1.3% on the day), as of 8/10/2026 — a delayed quote shown for education, not investment advice.

American Assets Trust

AAT · NYSE · Real Estate · United States

Snapshot

TickerAAT

ExchangeNYSE

SectorReal Estate

IndustryREIT - Diversified

CountryUnited States

Employees232

HeadquartersSan Diego, United States

Websitewww.americanassetstrust.com

Filings tracked15

About American Assets Trust

American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nations most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. Its office portfolio comprises approximately 4.3 million rentable square feet, and its retail portfolio comprises approximately 2.4 million rentable square feet. In addition, the company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,302 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. American Assets Trust, Inc. is headquartered in San Diego, California. American Assets Trust, Inc. was incorporated in 1967 in Maryland and based in San Diego, California.

Who owns it

Insiders1.8%
Institutions98.2%
Public & other0.0%

367 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.92%
American Assets Inc12.01%
Vanguard Portfolio Management LLC8.79%
Senvest Management LLC5.83%
State Street Corporation4.56%
LSV Asset Management3.60%
Vanguard Capital Management LLC3.45%
American Assets Investment Management, LLC2.41%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 6.2% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion2.70×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Operating margin trend283.9% → 365.6%

Margin has expanded by about 81.7 points — the business is getting more profitable.

Return on equity6.2%

Latest ROE of 6.2% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -4% · PAT 5%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

One-off items3 of last 3 yrs

Recent reported profit includes sizeable one-off / non-operating items — the underlying operating trend may differ from the headline.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $114.3M · EPS 0.11

Next fiscal year

Rev $460.9M · EPS 0.37

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$39.9M

ROE

6.2%

Revenue CAGR (2y)

-3.5%

Profit CAGR (2y)

+5.0%

EPS (FY2025)

0.92

Net profit (FY2025)

$71.4M

Ask MarketChacha about AAT

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 22, 2026
No company-specific news or filing explains the drop; AAT moved lower with broader market sentiment amid inflation concerns and ahead of its expected quarterly earnings release next week.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	ROE
FY2025	$39.9M	$71.4M*	0.92	6.2%
FY2024	$43.0M	$72.8M*	0.94	6.2%
FY2023	$42.9M	$64.7M*	0.84	5.4%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$10.1M	$6.7M*	0.08	—
2025Q4	$110.1M	$3.1M	0.05	2.9%
2025Q3	$10.1M	$4.5M	0.07	44.6%
2025Q2	$10.2M	$5.5M	0.09	53.2%
2025Q1	$9.9M	$42.5M*	0.70	—
2024Q4	$113.5M	$9.0M	0.15	7.9%
2024Q3	$11.4M	$16.7M*	0.28	—
2024Q2	$10.6M	$11.9M*	0.20	—
2024Q1	$10.7M	$19.3M*	0.32	—
2023Q4	$112.5M	$10.5M	0.17	9.3%
2023Q3	$11.9M	$11.8M*	0.20	—
2023Q2	$10.5M	$12.0M*	0.20	—
2023Q1	$10.0M	$16.1M*	0.27	—

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/31/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/28/2026material
8-K — Reg FD disclosure
SEC6/3/2026material
8-K — Shareholder vote results
SEC6/1/2026material
8-K — Material agreement, Security holder rights, Exhibits
SEC5/11/2026material
10-Q filing
SEC5/1/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/28/2026material
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC4/1/2026material
10-K filing
SEC2/6/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/3/2026material

2025

8-K — Reg FD disclosure
SEC11/14/2025material
10-Q filing
SEC10/31/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/28/2025material
10-Q filing
SEC8/1/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/29/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.