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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
10/26/2026: AAT (2-star) is currently NOT-A-BUY. Pass it for now.
American Assets Trust Inc is a vertically integrated REIT focused on high-quality office, retail, and residential properties in supply-constrained coastal US markets. The company benefits from a portfolio of well-located assets and an experienced management team, providing potential stability for long-term investors. A primary growth story lies in its mixed-use development pipeline and residential expansion, though the company faces significant risks from hybrid work trends affecting office demand and general interest rate volatility. Best suited for dividend-oriented and value investors, the stock requires monitoring of occupancy rates and balance sheet health. Overall, AAT maintains a selective market presence with historically stable asset performance.
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 dependent on successful development projects and market recovery rather than rapid scaling. |
| Momentum investor | Weak fit | The stock often trades based on long-term real estate fundamentals rather than short-term price momentum. |
| Value investor | Strong fit | The stock can offer value for investors seeking exposure to high-quality real estate at prices potentially below net asset value. |
| Dividend investor | Strong fit | As a REIT, AAT provides consistent income potential through dividend distributions. |
| Low-risk investor | Mixed fit | While dividends are attractive, market and interest rate volatility can affect total return profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Real estate equities fluctuate based on interest rate expectations and broader economic conditions. |
| Valuation risk | Medium | Valuations are highly sensitive to cap rate movements in the commercial real estate market. |
| Competition risk (Office/Retail) | Medium / high | Intense competition for tenants in coastal markets can pressure rental rates and occupancy. |
| Business quality | Strong | The company owns high-quality assets that have historically maintained value. |
| Dividend income | Medium | Dividend reliability depends on maintaining occupancy and managing debt obligations. |
| Execution risk | Medium | Successful management of development projects is critical for long-term value creation. |
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 10/26/2026 |
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 1.66B USD | Price to earnings Ratio 73.66 | 1Y Target Price 23.5 |
Price to earnings Ratio 73.66 | 1Y Target Price 23.5 | ||
Volume (30-day avg) 439.2K shares | Beta 0.98 | 52 Weeks Range 16.90 - 25.58 | Updated Date 10/25/2026 |
52 Weeks Range 16.90 - 25.58 | Updated Date 10/25/2026 | ||
Dividends yield (FY) 6.39% | Basic EPS (TTM) 0.29 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Office Leasing | Rental income from office properties in San Diego, San Francisco, and Bellevue. | Revenue is driven by long-term leases with high-quality business tenants. |
| Retail Operations | Rental income from diverse retail centers and mixed-use assets. | Income comes from stable retail foot traffic and commercial tenants. |
| Residential Rentals | Monthly rental income from high-end multi-family residential units. | Provides a steady, consumer-driven cash flow component to the business. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-27 | When After Market | Estimate 0.5 | Actual - |
Profitability
Profit Margin 4.13% | Operating Margin (TTM) 24.26% |
Management Effectiveness
Return on Assets (TTM) 2.14% | Return on Equity (TTM) 2.16% |
Valuation
Trailing PE 73.66 | Forward PE 60.61 | Enterprise Value 2.80B | Price to Sales(TTM) 3.81 |
Enterprise Value 2.80B | Price to Sales(TTM) 3.81 | ||
Enterprise Value to Revenue 6.19 | Enterprise Value to EBITDA 9.24 | Shares Outstanding 61.40M | Shares Floating 51.05M |
Shares Outstanding 61.40M | Shares Floating 51.05M | ||
Percent Insiders 1.8 | Percent Institutions 119.08 |
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.
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