American Assets Trust, Inc.

Symbol: AAT
CIK: 1500217
Exchange: NYSE
Founded: 1967 (52 years)
HQ: San Diego, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Diversified, Office, Residential, Hotel, Retail

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Overall Score: 7.5

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


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Hightlights of Trading Day October 18, 2019


Open Price: $47.59
Closing Price: $47.2
Price Change: -0.47 (-0.986%)
Lowest Price: $47.17
Highest Price: $47.59

52-Week Low: $35.92
52-Week High: $48.30
52-Week Change: 29.03%

5 Day Price Change: 1.92%
1 Month Price Change: 1.40%
3 Month Price Change: 2.52%
6 Month Price Change: 6.50%
YTD Price Change: 21.30%
1 Year Price Change: 30.32%
2 Year Price Change: 17.47%
5 Year Price Change: 36.75%

Dividend of Trading Day October 18, 2019


Dividend Yield: 2.373%*
Annualized Dividend: $1.12*
Dividend Yield (TTM): 2.352%
Annualized Dividend (TTM): $1.11
Ex Dividend Date: 2019-09-11
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.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $57,272,000
Current Debt: $120,762,000
Revenue: $328,117,000
Gross Profit: $102,319,000
Total Revenue: $328,117,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $183,878,000
Revenue Per Share: $5
Revenue Per Employee: $1,736,069
Employee: 189
Debt to Equity Ratio (D/E): 1.61
Profit Margin: 0.06%
Enterprise Value (EV): $4,026,707,294
Enterprise Value to Revenue (EV/R): 12.27
Price to Sales (P/S): 8.51
Price to Book (P/B): 3.48
Peg Ratio: 0.38
P/E Ratio: 60.72
P/E High: 61.92
P/E Low: 45.35
Forward P/E Ratio: 47.72
Market Capitalization: $2,818,887,840
Beta: 0.52
Latest Volume: 369,906.00
Avg. Total Volume: 436,153
Avg. 10 Volume: 282,043.80
Avg. 30 Volume: 436,152.80
TTM EPS: 0.78
TTM Dividend Rate: 1.11
Shares Outstanding: 59,722,200
Float: 49,647,184.30
50-Day Moving Avg.: 46.89
200-Day Moving Avg.: 45.58

Latest REIT Community Comments on #AAT


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Properties Owned by AAT


Properties owned:
171
Types:
4
States:
35
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
AAT Sample Property
Website Logo See list of properties owned by AAT
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by AAT, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 54,480,000 64,315,000 57,272,000 66,138,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 961,000 4,160,000 6,002,000 9,384,000
Property, Plant & Equipment Net 6,278,000 6,973,000 0 0
Goodwill 0 0 0 0
Intangible Assets 80,526,000 38,722,000 39,336,000 31,095,000
Other Assets 47,486,000 46,868,000 46,498,000 46,247,000
Net Tangible Assets 1,198,142,000 690,937,000 735,726,000 706,558,000
Total Assets 2,718,758,000 2,217,048,000 2,198,250,000 2,196,776,000
Accounts Payable 0 0 0 0
Liabilities (Other) 117,884,000 109,095,000 104,914,000 110,481,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 51,579,000 0 120,762,000 100,041,623
Long-term Debt 1,255,586,000 1,300,008,000 1,170,010,000 1,170,646,377
Total Liabilities 1,426,836,000 1,411,715,000 1,395,779,000 1,381,285,000
Minority Interest 2,933,000 4,055,000 2,440,000 3,806,000
Common Stock 597,000 475,000 474,000 473,000
Retained Earnings -135,497,000 -130,841,000 -128,778,000 -122,293,000
Treasury Stock 0 0 0 0
Capital Surplus 1,438,768,000 928,792,000 920,661,000 920,324,000
Shareholder Equity 1,309,744,000 807,251,000 802,977,000 812,419,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 83,313,000 84,419,000 81,205,000 81,707,000
Cost of Revenue 52,883,000 49,525,000 52,469,000 48,774,000
Gross Profit 30,430,000 34,894,000 28,736,000 32,933,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 58,826,000 55,598,000 59,114,000 54,432,000
Operating Income 24,487,000 28,821,000 22,091,000 27,275,000
Income Expense Net (Other) -12,340,000 -13,342,000 -12,832,000 -12,833,000
EBIT 24,487,000 28,821,000 22,091,000 27,275,000
Interest Income 13,129,000 13,349,000 12,861,000 12,879,000
Pretax Income 12,147,000 15,479,000 9,259,000 14,442,000
Income Tax 206,000 236,000 50,000 171,000
Minority Interest 2,933,000 4,055,000 2,440,000 3,806,000
Net Income 8,916,000 11,095,000 6,673,000 10,394,000
Net Income Basic 8,916,000 11,095,000 6,673,000 10,394,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 8,916,000 11,095,000 6,673,000 10,394,000
Depreciation 22,582,000 20,583,000 21,060,000 19,886,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -9,835,000 7,043,000 -8,866,000 5,427,000
Cash Flow 33,338,000 36,831,000 17,594,000 36,596,000
Capital Expenditures -28,024,000 -22,437,000 -27,554,000 -13,383,000
Investments -499,589,000 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -527,613,000 -22,437,000 -27,554,000 -13,383,000
Dividends Paid -18,253,000 -18,061,000 -18,064,000 -17,388,000
Net Borrowings 6,713,000 3,676,000 19,679,000 -398,000
Cash Flow Financing 484,440,000 -7,351,000 1,094,000 -17,786,000
Financing Cash Flows (Other) 0 0 -757,000 -6,000
Exchange Rate Effect 0 0 0 0

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.

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. 5.3
4 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.8
8 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.5
8 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
5 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
8 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
7.5 Overall REITRating™ Score 6.6

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.

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