American Assets Trust, Inc. | REIT Profile

Symbol: AAT
CIK: 1500217
Exchange: NYSE
Founded: 1967 (55 years)
HQ: San Diego, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Office, Residential, Hotel, Retail

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See AAT on SEC.gov

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About American Assets Trust, Inc.

American Assets Trust, Inc. (the "Company") is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The Company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington and Hawaii.


American Assets Trust, Inc. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$28.36 $28.37 $27.80 $27.89 $28.36 $27.92 97,100 $0.44 1.58% $1,716,405,139 51.44 $38.27 $24.01 -21.76%

Last update: 2022-11-25 10:00:01 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.6

Hightlights of Trading Day November 25, 2022


Open Price: $27.89
Closing Price: $28.36
Price Change: 0.44 (1.576%)
Lowest Price: $27.795
Highest Price: $28.37
52-Week Low: $24.01
52-Week High: $38.27
52-Week Change: -23.85%
5 Day Price Change: -0.36%
1 Month Price Change: 4.45%
3 Month Price Change: -1.06%
6 Month Price Change: -12.96%
YTD Price Change: -23.33%
1 Year Price Change: -23.85%
2 Year Price Change: -4.62%
5 Year Price Change: -17.87%

Dividend of Trading Day November 25, 2022


Dividend Yield: 4.513%*
Annualized Dividend: $1.28*
Dividend Yield (TTM): 4.443%
Annualized Dividend (TTM): $1.2406
Ex-Dividend Date: 2022-09-07
Next Ex-Dividend: 2022-12-07
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for American Assets Trust, Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for AAT.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q3 FFO $--- $--- ---%
2022 Q2 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day November 25, 2022


Total Cash: $63,431,000
Current Debt: $99,794,000
Revenue: $418,395,000
Gross Profit: $418,395,000
Total Revenue: $418,395,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $237,083,000
Revenue Per Share: $7
Revenue Per Employee: N/A
Employee: 189
Debt to Equity Ratio (D/E): 2.45
Profit Margin: 0.10%
Enterprise Value (EV): $3,313,724,989
Enterprise Value to Revenue (EV/R): 7.92
Price to Sales (P/S): 4.13
Price to Book (P/B): 1.41
Price/Earnings-to-Growth (PEG) Ratio: 0.51
P/E Ratio: 51.44
P/E High: 89.76
P/E Low: 39.94
Forward P/E Ratio: 42.03
Market Capitalization: $1,716,405,139
Beta: 0.71
Latest Volume: 97,100
Avg. Total Volume: 347,758
Avg. 10-Day Volume: 299,298
Avg. 30-Day Volume: 347,758
TTM EPS: 0.55
Shares Outstanding: 60,522,043
Float: N/A
50-Day Moving Avg.: $27.14
200-Day Moving Avg.: $28.67

Latest REIT Community Comments on #AAT


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Properties Owned by AAT


AAT Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $46.11 per share you would have been able to buy 21 shares of AAT on 2021-11-26 costing $968.31 @ $46.11 per share you would have been able to buy 10 shares of AAT on 2021-11-26 costing $461.10 @ $46.11 per share you would have been able to buy 5 shares of AAT on 2021-11-26 costing $230.55 @ $46.11 per share you would have been able to buy 2 shares of AAT on 2021-11-26 costing $92.22 @ $46.11 per share you would have been able to buy 1 shares of AAT on 2021-11-26 costing $46.11
Current worth On 2022-11-25 these 21 shares would be worth $595.56 @ $28.36 On 2022-11-25 these 10 shares would be worth $283.60 @ $28.36 On 2022-11-25 these 5 shares would be worth $141.80 @ $28.36 On 2022-11-25 these 2 shares would be worth $56.72 @ $28.36 On 2022-11-25 these 1 shares would be worth $28.36 @ $28.36
Dividends earned $26.46 in dividends would have been earned since 2021-11-26 with 21 shares. $13 in dividends would have been earned since 2021-11-26 with 10 shares. $6.30 in dividends would have been earned since 2021-11-26 with 5 shares. $2.52 in dividends would have been earned since 2021-11-26 with 2 shares. $1.26 in dividends would have been earned since 2021-11-26 with 10 shares.
Net (gain / loss)* -346.29 USD -164.90 USD -82.45 USD -32.98 USD -16.49 USD
ROI** -35.76% -35.76% -35.76% -35.76% -35.76%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by AAT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
AAT 2022-09-07 0.320 --- 2022-07-26 2022-09-08 2022-09-22
AAT 2022-06-08 0.320 --- 2022-04-26 2022-06-09 2022-06-23
AAT 2022-03-09 0.320 6.67% 2022-02-08 2022-03-10 2022-03-24
AAT 2021-12-08 0.300 --- 2021-10-26 2021-12-09 2021-12-23
AAT 2021-09-08 0.300 7.14% 2021-07-27 2021-09-09 2021-09-23
AAT 2021-06-09 0.280 --- 2021-04-27 2021-06-10 2021-06-24
AAT 2021-03-10 0.280 12.00% 2021-02-09 2021-03-11 2021-03-25
AAT 2020-12-09 0.250 --- 2020-10-27 2020-12-10 2020-12-24
AAT 2020-09-09 0.250 25.00% 2020-07-28 2020-09-10 2020-09-24
AAT 2020-06-10 0.200 -33.33% 2020-04-28 2020-06-11 2020-06-25
AAT 2020-03-11 0.300 --- 2020-02-11 2020-03-12 2020-03-26
AAT 2019-12-11 0.300 7.14% 2019-10-29 2019-12-12 2019-12-26
AAT 2019-09-11 0.280 --- 2019-07-30 2019-09-12 2019-09-26
AAT 2019-06-12 0.280 --- 2019-04-30 2019-06-13 2019-06-27
AAT 2019-03-13 0.280 --- 2019-02-12 2019-03-14 2019-03-28
AAT 2018-12-12 0.280 3.70% 2018-10-30 2018-12-13 2018-12-27
AAT 2018-09-12 0.270 --- 2018-07-31 2018-09-13 2018-09-27
AAT 2018-06-13 0.270 --- 2018-05-01 2018-06-14 2018-06-28
AAT 2018-03-14 0.270 --- 2018-02-13 2018-03-15 2018-03-29
AAT 2017-12-06 0.270 3.85% 2017-10-31 2017-12-07 2017-12-21

Earnings Press Releases


Below are the Earnings Press Releases for AAT. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 AMERICAN ASSETS TRUST, INC. REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS
2021 Q4 AMERICAN ASSETS TRUST, INC. REPORTS FOURTH QUARTER AND YEAR END 2021 FINANCIAL RESULTS

Financial Statements Overview


The next Earnings Report for AAT is 2023-02-07

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-12-31
Current Cash 63,431,000 60,750,000 73,573,000 139,524,000
Receivables 96,941,000 94,797,000 93,427,000 90,169,000
Inventory 0 0 0 0
Current Assets 160,372,000 155,547,000 167,000,000 239,424,000
Current Assets (Other) 0 0 0 9,731,000
Short Term Investments 0 0 0 9,731,000
Long-term Investments 2,848,205,000 2,851,643,000 2,844,134,000 2,778,503,000
Property, Plant & Equipment Net 2,735,784,000 2,737,426,000 2,731,457,000 2,681,981,000
Goodwill 0 0 0 0
Intangible Assets 2,259,000 2,355,000 2,452,000 2,445,000
Other Assets 85,650,000 86,764,000 84,547,000 67,823,000
Net Tangible Assets 1,228,099,000 1,229,347,000 1,233,488,000 1,236,519,000
Total Assets 3,008,577,000 3,007,190,000 3,011,134,000 3,017,927,000
Accounts Payable 0 0 0 0
Liabilities (Other) 34,112,000 36,723,000 35,640,000 22,435,000
Current Liabilities (Other) 99,794,000 90,965,000 90,041,000 104,779,000
Total Current Liabilities 99,794,000 90,965,000 90,041,000 104,779,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,647,436,000 1,649,505,000 1,649,028,000 1,649,203,000
Total Liabilities 1,778,219,000 1,775,488,000 1,775,194,000 1,778,963,000
Minority Interest -32,635,000 -31,734,000 -30,053,000 -28,841,000
Common Stock 60,044,117 60,040,243 60,038,683 60,002,495
Retained Earnings -241,549,000 -235,107,000 -226,474,000 -217,785,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,230,358,000 1,231,702,000 1,235,940,000 1,238,964,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-09-30 2022-06-30 2022-03-31 2021-12-31
Total Revenue 111,023,000 104,155,000 101,470,000 101,747,000
Cost of Revenue 0 0 0 0
Gross Profit 111,023,000 104,155,000 101,470,000 101,747,000
Research and Development 0 0 0 0
Selling General and Admin 8,376,000 7,612,000 7,142,000 9,305,000
Operating Expense 80,020,000 75,839,000 73,128,000 76,032,000
Operating Income 31,003,000 28,316,000 28,342,000 25,715,000
Income Expense Net (Other) 0 0 0 0
EBIT 31,003,000 28,316,000 28,342,000 25,715,000
Interest Income 14,454,000 14,547,000 14,666,000 14,998,000
Pretax Income 16,369,000 13,588,000 13,514,000 11,216,000
Income Tax 0 0 0 738,000
Minority Interest 3,442,000 2,852,000 2,836,000 2,194,000
Net Income 12,772,000 10,582,000 10,523,000 8,137,000
Net Income Basic 12,772,000 10,582,000 10,523,000 8,137,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-09-30 2022-06-30 2022-03-31 2021-12-31
Net Income 12,772,000 10,582,000 10,523,000 8,137,000
Depreciation 31,729,000 31,087,000 30,412,000 30,479,000
Changes in Receivables 96,941,000 94,797,000 93,427,000 90,169,000
Changes in Inventories 0 0 0 0
Cash Change 63,431,000 60,750,000 73,573,000 139,524,000
Cash Flow 54,835,000 46,908,000 39,149,000 38,697,000
Capital Expenditures -25,254,000 -33,231,000 -74,996,000 156,695,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -27,155,000 -35,184,000 -77,295,000 -48,933,000
Dividends Paid 0 0 0 0
Net Borrowings 1,584,005,000 1,588,755,000 1,575,455,000 1,499,948,000
Cash Flow Financing -24,999,000 -24,547,000 -27,805,000 -23,879,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.0
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.7
6 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.9
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
5 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.1
Rating Leverage Section Avg. Rating
6 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
5 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
8 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.8
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.1
Rating Properties Section Avg. Rating
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.0
7.6 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this AAT. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Carmel Country Plaza Retail 12950 Carmel Country Road San Diego CA
Alamo Quarry Market Retail 255 E. Basse Road San Antonio TX
Carmel Mountain Plaza Retail 12174 Carmel Mountain Road San Diego CA

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Vornado Realty Trust (VNO) 7.0 NYSE Mid-Cap Diversified Residential Office United States
Boston Properties (BXP) 7.2 NYSE Large-Cap Office Residential Hotel Retail Diversified United States
Federal Realty Investment Trust (FRT) 7.9 NYSE Mid-Cap Retail United States
Entertainment Properties Trust, Inc. (EPR) 7.1 NYSE Mid-Cap Specialty Diversified United States

Last updated: 2022-11-26 - v3.5