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American Assets Trust

AAT

American Assets Trust, Inc. is a vertically integrated real estate investment trust (REIT) focused on the acquisition, development, and management of high-quality commercial and residential properties.

Market cap
$1.49B+28.5%
Revenue$439.7M-2.9%
Net income$19.6M-73.4%
EPS (diluted)$0.29-76.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$111.8M
EPS estimate$0.10

Financials

Q2 2026

Income statement

See full
Revenue$109.5M+1.4%
Operating income$26.3M+1.2%
Net income$5.2M-5.2%
EPS (diluted)$0.090.0%

Balance sheet

See full
Cash & equivalents$109.7M-23.7%
Total debt$1.7B+8,723%
Total equity$1.1B-5.2%
Total assets$2.9B-2.1%

Valuation & ratios

Valuation

See full
Market cap$1.49B+28.5%
P/E76.3×+59.8×
P/S3.4×+0.7×

Profitability

See full
Operating margin22.8%-13.9pp
Net margin4.5%-11.8pp

Returns & leverage

See full
Return on equity1.7%-4.5pp
Debt / equity1.5×+1.5×

Competitors

Profile

American Assets Trust, Inc. is a vertically integrated real estate investment trust (REIT) focused on the acquisition, development, and management of high-quality commercial and residential properties. The company specializes in high-barrier-to-entry coastal markets, leveraging a diversified portfolio of office, retail, and multifamily assets to drive long-term value.

Competitive position

A dominant player in West Coast high-barrier markets with a diversified asset base that mitigates sector-specific volatility.

GeographiesCalifornia, Washington, Oregon, Texas, Hawaii, United States
Customer segmentsCommercial Tenants, Residential Tenants, Hospitality Guests
Business modelLeasing, Property Development, Property Management
SuppliersConstruction contractors, Architectural firms, Municipal planning departments, Financial institutions for capital
CustomersCommercial enterprises, Retail brands, Residential tenants, Hotel guests
Listed2011
Employees228.0
CEOAdam Wyll
FilingsSEC EDGAR

Questions, answered.

What is American Assets Trust's market cap?
American Assets Trust (AAT) has a market capitalization of $1.5B and trades on NYSE.
What is American Assets Trust's revenue and profitability?
American Assets Trust generated $439.7M in trailing twelve-month revenue with net income of $19.6M, representing a net margin of 4.5%. Gross margin stands at 60.8%. These figures are based on the Q2 2026 filing.
Who are American Assets Trust's competitors?
American Assets Trust's key competitors include Douglas Emmett, Inc., Kilroy Realty Corporation, Regency Centers Corporation, and others. These companies compete in similar markets and product categories.
What subsidiaries does American Assets Trust have?
American Assets Trust's subsidiaries include American Assets Trust, L.P..
Where is American Assets Trust headquartered?
American Assets Trust is headquartered in United States of America and employs approximately 228 people. It has been publicly traded since 2011.