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Upturn AI Summary - About
American Assets Trust Inc(AAT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AAT
09/25/2026: AAT (2-star) is currently NOT-A-BUY. Pass it for now.
American Assets Trust is a publicly traded REIT that specializes in owning, developing, and managing high-quality office, retail, and residential properties in premium coastal markets. The company’s primary strength lies in its portfolio of assets located in high-barrier-to-entry urban corridors, which helps support long-term property values. While the company offers a consistent dividend, it faces notable risks from the ongoing structural shifts in demand for office space and sensitivities to interest rate fluctuations. Potential investors should monitor the leasing performance of its office properties and the company's progress on mixed-use developments. It may best suit income-focused investors who are comfortable with the inherent cyclicality and sector-specific risks of the real estate market.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely driven by asset-specific development rather than rapid market expansion. |
| Momentum investor | Weak fit | The stock has been sensitive to interest rate cycles and office real estate sentiment, creating significant volatility. |
| Value investor | Strong fit | The shares often trade at discounts to Net Asset Value, offering potential upside for patient, value-oriented investors. |
| Dividend investor | Strong fit while signal remains positive | The company offers a reliable dividend yield characteristic of the REIT sector for income-seeking investors. |
| Low-risk investor | Mixed fit | Exposure to office and retail sectors entails sector-specific risks that may not suit purely conservative portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Real estate investment trusts are highly sensitive to interest rate expectations and economic sentiment. |
| Valuation risk | Medium | Market pricing of REITs fluctuates based on implied cap rates and the perceived value of underlying real estate. |
| Competition risk (office/retail) | High | High-quality assets face competition from modern, amenity-rich buildings that attract high-tier tenants. |
| Business quality | Medium | While the portfolio is high-quality, the heavy concentration in office space presents structural quality questions. |
| Dividend income | Medium | Dividends depend on FFO stability, which is currently challenged by high refinancing costs. |
| Execution risk | Medium | Development projects carry inherent risks related to timelines, budget, and achieving projected occupancy levels. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 26.99% | Avg. Invested days 62 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.67B USD | Price to earnings Ratio 71.93 | 1Y Target Price 23.5 |
Price to earnings Ratio 71.93 | 1Y Target Price 23.5 | ||
Volume (30-day avg) 447.7K shares | Beta 0.97 | 52 Weeks Range 16.90 - 25.58 | Updated Date 09/27/2026 |
52 Weeks Range 16.90 - 25.58 | Updated Date 09/27/2026 | ||
Dividends yield (FY) 6.33% | Basic EPS (TTM) 0.3 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Office Leasing | Rental income from Class A office spaces in core urban markets. | The company collects rent from business tenants; success depends on office attendance and lease renewals. |
| Retail Operations | Rental income from lifestyle centers and shopping venues. | Revenue comes from retail store tenants; depends on consumer spending and local foot traffic. |
| Residential Leasing | Rental income from multifamily properties. | Revenue is generated from apartment leases; relies on housing demand in high-cost-of-living areas. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 71.93 | Forward PE 60.61 | Enterprise Value 2.92B | Price to Sales(TTM) 3.85 |
Enterprise Value 2.92B | Price to Sales(TTM) 3.85 | ||
Enterprise Value to Revenue 6.63 | Enterprise Value to EBITDA 12.54 | Shares Outstanding 61.40M | Shares Floating 51.05M |
Shares Outstanding 61.40M | Shares Floating 51.05M | ||
Percent Insiders 1.8 | Percent Institutions 118.85 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About American Assets Trust Inc
Exchange NYSE | Headquarters San Diego, CA, United States | ||
IPO Launch date 2011-01-13 | CEO, President & Secretary Mr. Adam Wyll | ||
Sector Real Estate | Industry REIT - Diversified | Full time employees 232 | |
Full time employees 232 | |||
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.
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