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

MarketChacha shows American Assets Trust's valuation in context — a trailing P/E of about 83.6, a forward P/E of about 33.7, a price-to-book of about 1.3 — 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.

What is American Assets Trust's revenue?

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

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

American Assets Trust last traded at $24.25 (-4.1% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

American Assets Trust

AAT · NYSE · Real Estate · United States

$24.25-4.1%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:25 PM

Snapshot

TickerAAT

ExchangeNYSE

SectorReal Estate

IndustryREIT - Diversified

CountryUnited States

Employees238

HeadquartersSan Diego, United States

Market cap$1.9B

P/E (TTM)83.6

P/B1.3

Volume222.73K

Websitewww.americanassetstrust.com

Filings tracked6

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.

Profile as reported by Yahoo Finance.

Who owns it

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

362 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.15.40%
American Assets Inc12.01%
Vanguard Portfolio Management LLC8.79%
Senvest Management LLC5.83%
State Street Corporation4.63%
Vanguard Capital Management LLC3.45%
LSV Asset Management3.22%
American Assets Investment Management, LLC2.41%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Operating margin trend283.9% → 365.6%

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

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

What's expected next

Next quarter

Rev $111.8M · EPS 0.10

Next fiscal year

Rev $458.9M · EPS 0.37

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$17.7252-wk range$25.97

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$1.9B

Day change

-4.1%

P/E (TTM)

83.6

Fwd P/E

33.7

P/B

1.3

Div yield

5.38%

Beta

0.98

Revenue (FY2025)

$39.9M

Revenue CAGR (2y)

-3.5%

EPS (FY2025)

0.92

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about AAT

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

Financials

Yearly

Period	Revenue	EPS
FY2025	$39.9M	0.92
FY2024	$43.0M	0.94
FY2023	$42.9M	0.84

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$10.1M	—	0.08	—
2025Q4	—	$3.1M	0.05	—
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	—	$9.0M	0.15	—
2024Q3	$11.4M	$16.7M*	0.28	—
2024Q2	$10.6M	$11.9M*	0.20	—
2024Q1	$10.7M	$19.3M*	0.32	—
2023Q4	—	$10.5M	0.17	—
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

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

In the news

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