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AAT 
American Assets Trust Inc (AAT)
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Upturn Advisory Summary
11/05/2025: AAT (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $20.5
1 Year Target Price $20.5
| 0 | Strong Buy |
| 0 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 16.9% | Avg. Invested days 65 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.46B USD | Price to earnings Ratio 18.52 | 1Y Target Price 20.5 |
Price to earnings Ratio 18.52 | 1Y Target Price 20.5 | ||
Volume (30-day avg) 3 | Beta 1 | 52 Weeks Range 16.14 - 27.43 | Updated Date 11/6/2025 |
52 Weeks Range 16.14 - 27.43 | Updated Date 11/6/2025 | ||
Dividends yield (FY) 7.19% | Basic EPS (TTM) 1.02 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-28 | When After Market | Estimate 0.09 | Actual 0.07 |
Profitability
Profit Margin 14.13% | Operating Margin (TTM) 22.83% |
Management Effectiveness
Return on Assets (TTM) 2.14% | Return on Equity (TTM) 6.99% |
Valuation
Trailing PE 18.52 | Forward PE - | Enterprise Value 2802337551 | Price to Sales(TTM) 3.36 |
Enterprise Value 2802337551 | Price to Sales(TTM) 3.36 | ||
Enterprise Value to Revenue 6.19 | Enterprise Value to EBITDA 9.24 | Shares Outstanding 61152542 | Shares Floating 52252401 |
Shares Outstanding 61152542 | Shares Floating 52252401 | ||
Percent Insiders 1.55 | Percent Institutions 95.81 |
Upturn AI SWOT
American Assets Trust Inc
Company Overview
History and Background
American Assets Trust, Inc. (AAT) was founded in 1967 by Ernest W. Hahn. Initially, it was a private real estate development company. In 2011, it completed its initial public offering (IPO) and became a publicly traded REIT. The company has evolved from primarily focusing on retail properties to a more diversified portfolio including office and residential properties.
Core Business Areas
- Retail: Owns, operates, and develops high-quality retail properties, primarily open-air lifestyle centers and power centers in affluent locations.
- Office: Owns and operates Class A office properties, primarily located in urban and suburban markets with strong demographics.
- Residential: Owns and operates luxury apartment communities in select coastal markets.
- Mixed-Use: Properties that combine retail, office and residential elements.
Leadership and Structure
Ernest S. Rady is the Executive Chairman & Founder. Robert F. Barton is the President and Chief Executive Officer. The company operates as a REIT with a traditional corporate structure.
Top Products and Market Share
Key Offerings
- Retail Properties: AAT owns and manages a portfolio of retail centers. This segment contributes significantly to the company's revenue. Market share data specifically for AAT's retail holdings is not readily available, and depends heavily on the specific geographic markets they operate in. Competitors include publicly traded REITs like Simon Property Group (SPG) and Regency Centers (REG) and private real estate owners.
- Office Properties: AAT's office portfolio consists of Class A office buildings. Revenue contribution from this segment is substantial. Similar to retail, specific market share data is localized and not broadly published. Competitors include Boston Properties (BXP) and Kilroy Realty Corporation (KRC).
- Residential Properties: Luxury apartment communities contribute to AAT's diversified revenue stream. Market share data for AAT's residential holdings is typically regionally focused and not widely publicized. Competitors include Equity Residential (EQR) and AvalonBay Communities (AVB).
Market Dynamics
Industry Overview
The REIT industry is influenced by factors such as interest rates, economic growth, and demographic trends. The retail sector faces challenges from e-commerce, while the office sector is impacted by remote work trends. The residential sector is affected by housing affordability and population migration.
Positioning
AAT focuses on high-quality properties in affluent markets, giving it a competitive advantage. The REIT has a strong focus on the West Coast (particularly California and Hawaii).
Total Addressable Market (TAM)
The total commercial real estate market in the US is estimated to be in the trillions of dollars. AAT's TAM is defined by the sub-markets where they are active, and AAT's focus on high-quality properties in affluent coastal markets allows it to capture a significant portion of these markets.
Upturn SWOT Analysis
Strengths
- High-quality property portfolio
- Strong presence in affluent markets
- Experienced management team
- Diversified property portfolio
Weaknesses
- Geographic concentration on the West Coast
- Exposure to economic fluctuations in specific markets
- Reliance on occupancy rates and rental income
- Sensitivity to interest rate changes
Opportunities
- Expansion into new markets
- Development of new properties
- Acquisition of existing properties
- Enhancement of property management services
Threats
- Economic downturns
- Increased interest rates
- Rising operating expenses
- Competition from other REITs and property owners
Competitors and Market Share
Key Competitors
- SPG
- REG
- BXP
- KRC
- EQR
- AVB
Competitive Landscape
AAT's competitive advantages include its high-quality property portfolio and its focus on affluent markets. However, it faces competition from larger, more diversified REITs with greater financial resources.
Major Acquisitions
Landmark at Kierland
- Year: 2018
- Acquisition Price (USD millions): 333
- Strategic Rationale: Expanded AAT's retail and office portfolio in a key growth market (Scottsdale).
Growth Trajectory and Initiatives
Historical Growth: AAT's historical growth has been driven by acquisitions, development projects, and organic growth in its existing portfolio.
Future Projections: Analyst estimates for AAT's future growth depend on various factors, including economic conditions, property market trends, and the company's strategic initiatives.
Recent Initiatives: Recent initiatives may include new property developments, acquisitions, or strategic partnerships.
Summary
American Assets Trust (AAT) has a diversified portfolio of high-quality retail, office, and residential properties, with a strong focus on affluent West Coast markets. While its geographic concentration poses risks, AAT's experienced management team and focus on premier locations offer advantages. The company has a solid dividend history. AAT needs to consider the evolving landscape for each real estate segment, with retail facing e-commerce headwinds and office facing remote work challenges.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Yahoo Finance
- Earnings Reports
- Analyst Reports
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may vary. All investment decisions should be made after consulting with a qualified financial advisor.
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.
About American Assets Trust Inc
Exchange NYSE | Headquaters 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 231 | |
Full time employees 231 | |||
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust (REIT), headquartered in San Diego, California. 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 nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. The company's 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.
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