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American Assets Trust AAT Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Operating margin22.8%-13.9pp22.8%-14.7pp33.5%+5.2pp34.8%+6.6pp36.6%+9.2pp
Net margin4.5%-11.8pp4.5%-13.0pp12.8%+0.4pp14%+1.2pp16.3%+4.3pp
Returns
Return on equity1.7%-4.5pp1.7%-5.0pp4.8%0.0pp5.2%+0.4pp6.2%+1.8pp
Return on invested capital5.3%-10.1pp9.5%-6.1pp16.1%+2.6pp17.7%+3.6pp15.4%+4.5pp
Efficiency
Asset turnover0.2×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.2×0.0×
Leverage
Debt-to-equity1.5×+1.5×0.0×0.0×0.0×0.0×
Net debt / EBITDA6.9×+7.4×-0.4×0.0×-0.4×+1.2×-0.4×+1.6×-0.4×0.0×
Per Share
Book value per share$14.60-5.4%$14.78-5.4%$15.00-2.4%$15.24-1.8%$15.43-1.0%
Valuation
Market capitalization$1.38B+18.2%$1.13B-8.2%$1.16B-27.6%$1.24B-23.6%$1.22B-10.4%
Price / earnings70.7×+54.8×56.9×+41.6×20.8×-7.4×20.2×-7.7×16.6×-8.9×
Price / sales3.1×+0.6×2.6×-0.1×2.7×-0.8×2.8×-0.7×2.7×-0.4×
Price / book1.2×+0.2×0.0×-0.4×1.1×-0.3×-0.1×
EV / EBITDA13×+9.4×4.5×+0.8×3.8×-0.9×-0.4×3.7×-1.5×

FAQ

What are American Assets Trust's profit margins?
American Assets Trust (AAT) runs a 60.8% gross margin and a 22.8% operating margin, with a 4.5% net margin.
Where do American Assets Trust's ratios come from?
Every ratio is computed from American Assets Trust's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.