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
See AAT on Google Finance
See AAT on Yahoo Finance
See AAT on SEC.gov
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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.
Stock Chart
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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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $29.50 | $29.86 | $29.40 | $29.66 | $29.61 | $29.61 | 53,444 | -$0.11 | -0.37% | $1,785,400,269 | 57.23 | $39.75 | $28.38 | -20.00% |
Last update: 2022-08-09 09:01:56 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.
Hightlights of Trading Day August 8, 2022
Closing Price: $29.61
Price Change: 0.33 (1.127%)
Lowest Price: $29.51
Highest Price: $30.03
52-Week Low: $28.38
52-Week Change: -20.12%
5 Day Price Change: -3.14%
1 Month Price Change: -2.27%
3 Month Price Change: -14.00%
6 Month Price Change: -15.22%
1 Year Price Change: -20.12%
2 Year Price Change: 14.62%
5 Year Price Change: -15.88%
Dividend of Trading Day August 8, 2022
Annualized Dividend: $1.28*
Dividend Yield (TTM): 4.179%
Annualized Dividend (TTM): $1.2235
Ex-Dividend Date: 2022-06-08
Next Ex-Dividend: 2022-09-07
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
- American Assets Trust, Inc. Reports Second Quarter 2022 Financial Results - Tue, 26 Jul 2022 20:16:12 UTC
- American Assets Trust, Inc. Reports First Quarter 2022 Financial Results - Tue, 26 Apr 2022 20:17:04 UTC
- American Assets Trust, Inc. Acquires Bel-Spring 520 Office Campus in Bellevue, Washington - Tue, 08 Mar 2022 21:18:29 UTC
- American Assets Trust, Inc. Reports Fourth Quarter and Year End 2021 Financial Results - Tue, 08 Feb 2022 21:18:24 UTC
- American Assets Trust, Inc. Releases Tax Status of 2021 Distributions - Tue, 18 Jan 2022 23:53:26 UTC
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 | Q1 | FFO | $--- | $--- | ---% |
| 2021 | Q4 | 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.
Key Stats of Trading Day August 8, 2022
Current Debt: $90,041,000
Revenue: $393,312,000
Gross Profit: $393,312,000
Total Revenue: $393,312,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $227,366,000
Revenue Per Share: $7
Revenue Per Employee: N/A
Employee: 189
Debt to Equity Ratio (D/E): 2.44
Enterprise Value (EV): $3,405,036,360
Enterprise Value to Revenue (EV/R): 8.66
Price to Sales (P/S): 4.65
Price to Book (P/B): 1.48
Price/Earnings-to-Growth (PEG) Ratio: 0.39
P/E Ratio: 57.44
P/E High: 90.81
P/E Low: 40.41
Forward P/E Ratio: 49.56
Market Capitalization: $1,792,057,693
Latest Volume: 210,954
Avg. Total Volume: 225,261
Avg. 10-Day Volume: 286,765
Avg. 30-Day Volume: 225,261
TTM EPS: 0.52
Shares Outstanding: 60,522,043
Float: N/A
50-Day Moving Avg.: $29.72
200-Day Moving Avg.: $33.47
Latest REIT Community Comments on #AAT
- #AAT American Assets Trust’s largest tenants include Google, Autodesk, SmartSheets, VMWare, Genentech, and GE Healthcare - Faston - 2020-04-11 23:05:53 - See full comment
- I’ve bought #GEO, what I’m trying to buy more of before the all rebound are the ones that have strong market cap values, tendency to increase dividends and low dividend yield due to their high prices, this is my list #O, #HIW, #AAT, #AVB, #CPT, #UDR, #MAA, #DEA, #ESS, #DEI, #PSB, #CCI, #DLR, #CONE, #EGP, #DRE, #ARE, #PLD, #FR, #SUI, #ELS, #COLD, #TRNO, and #REXR for now. However, I am buying other stocks in the mix and trying to time this as best I can. - Kev B - 2020-04-07 01:14:44 - See full comment
- So #AAT, in this La Jolla Commons purchase they got "two trophy office towers, an entitled development parcel and two parking structures, located in the preeminent University Town Center submarket of San Diego, California. The two LEED platinum office towers at La Jolla Commons were built in 2008 and 2014. One tower, consisting of approximately 421,000 square feet, is 100% leased to credit-rated LPL Financial. The other tower, consisting of approximately 303,000 square feet, is approximately 72% leased to such major tenants as U.S. Bank National Association, Paul Hastings LLP and Finch, Thornton & Baird LLP, among others." to quote their press-release. These appear to be excellent acquisitions, but I look forward to learning how they plan to get that second tower to 100% occupancy. Hopefully, they got a good deal since it was only 72% leased. Can be a significant win if AAT uses their skills to quickly fill-up the rest of the building. - Star_Go - 2019-06-20 23:16:52 - See full comment
Properties Owned by AAT
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 2021-08-09 costing $968.31 | @ $46.11 per share you would have been able to buy 10 shares of AAT on 2021-08-09 costing $461.10 | @ $46.11 per share you would have been able to buy 5 shares of AAT on 2021-08-09 costing $230.55 | @ $46.11 per share you would have been able to buy 2 shares of AAT on 2021-08-09 costing $92.22 | @ $46.11 per share you would have been able to buy 1 shares of AAT on 2021-08-09 costing $46.11 |
| Current worth | On 2022-08-08 these 21 shares would be worth $621.81 @ $29.61 | On 2022-08-08 these 10 shares would be worth $296.10 @ $29.61 | On 2022-08-08 these 5 shares would be worth $148.05 @ $29.61 | On 2022-08-08 these 2 shares would be worth $59.22 @ $29.61 | On 2022-08-08 these 1 shares would be worth $29.61 @ $29.61 |
| Dividends earned | $26.04 in dividends would have been earned since 2021-08-09 with 21 shares. | $12 in dividends would have been earned since 2021-08-09 with 10 shares. | $6.20 in dividends would have been earned since 2021-08-09 with 5 shares. | $2.48 in dividends would have been earned since 2021-08-09 with 2 shares. | $1.24 in dividends would have been earned since 2021-08-09 with 10 shares. |
| Net (gain / loss)* | -320.46 USD | -152.60 USD | -76.30 USD | -30.52 USD | -15.26 USD |
| ROI** | -33.09% | -33.09% | -33.09% | -33.09% | -33.09% |
*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 | 2022-06-08 | 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 |
| AAT | 2017-09-13 | 0.260 | --- | 2017-08-01 | 2017-09-14 | 2017-09-28 |
Earnings Press Releases
| 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
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Amounts in USD ($)
| Balance Sheet | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|
| Current Cash | 73,573,000 | 139,524,000 | 171,923,000 | 368,266,000 |
| Receivables | 93,427,000 | 90,169,000 | 87,790,000 | 84,256,000 |
| Inventory | 0 | 0 | 0 | 0 |
| Current Assets | 167,000,000 | 239,424,000 | 270,835,000 | 468,260,000 |
| Current Assets (Other) | 0 | 9,731,000 | 9,406,000 | 14,022,000 |
| Short Term Investments | 0 | 9,731,000 | 9,406,000 | 14,022,000 |
| Long-term Investments | 2,844,134,000 | 2,778,503,000 | 2,780,235,000 | 2,577,271,000 |
| Property, Plant & Equipment Net | 2,731,457,000 | 2,681,981,000 | 2,680,957,000 | 2,486,060,000 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,452,000 | 2,445,000 | 2,539,000 | 2,409,000 |
| Other Assets | 84,547,000 | 67,823,000 | 69,915,000 | 61,410,000 |
| Net Tangible Assets | 1,233,488,000 | 1,236,519,000 | 1,242,500,000 | 1,248,974,000 |
| Total Assets | 3,011,134,000 | 3,017,927,000 | 3,051,070,000 | 3,045,531,000 |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Liabilities (Other) | 35,640,000 | 22,435,000 | 38,478,000 | 36,196,000 |
| Current Liabilities (Other) | 90,041,000 | 104,779,000 | 113,796,000 | 102,642,000 |
| Total Current Liabilities | 90,041,000 | 104,779,000 | 113,796,000 | 102,642,000 |
| Current Long-term Debt | 0 | 0 | 0 | 0 |
| Long-term Debt | 1,649,028,000 | 1,649,203,000 | 1,648,727,000 | 1,648,251,000 |
| Total Liabilities | 1,775,194,000 | 1,778,963,000 | 1,806,031,000 | 1,794,148,000 |
| Minority Interest | -30,053,000 | -28,841,000 | -26,348,000 | -24,237,000 |
| Common Stock | 60,038,683 | 60,002,495 | 59,990,343 | 59,985,787 |
| Retained Earnings | -226,474,000 | -217,785,000 | -207,910,000 | -199,956,000 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Capital Surplus | 0 | 0 | 0 | 0 |
| Shareholder Equity | 1,235,940,000 | 1,238,964,000 | 1,245,039,000 | 1,251,383,000 |
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Amounts in USD ($)
| Income Statement | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|
| Total Revenue | 101,470,000 | 101,747,000 | 98,286,000 | 91,809,000 |
| Cost of Revenue | 0 | 0 | 0 | 0 |
| Gross Profit | 101,470,000 | 101,747,000 | 98,286,000 | 91,809,000 |
| Research and Development | 0 | 0 | 0 | 0 |
| Selling General and Admin | 7,142,000 | 9,305,000 | 6,827,000 | 6,924,000 |
| Operating Expense | 73,128,000 | 76,032,000 | 70,617,000 | 65,386,000 |
| Operating Income | 28,342,000 | 25,715,000 | 27,669,000 | 26,423,000 |
| Income Expense Net (Other) | 0 | 0 | 0 | 0 |
| EBIT | 28,342,000 | 25,715,000 | 27,669,000 | 26,423,000 |
| Interest Income | 14,666,000 | 14,998,000 | 14,722,000 | 14,862,000 |
| Pretax Income | 13,514,000 | 11,216,000 | 12,895,000 | 11,487,000 |
| Income Tax | 0 | 738,000 | 0 | 0 |
| Minority Interest | 2,836,000 | 2,194,000 | 2,709,000 | 2,411,000 |
| Net Income | 10,523,000 | 8,137,000 | 10,041,000 | 8,941,000 |
| Net Income Basic | 10,523,000 | 8,137,000 | 10,041,000 | 8,941,000 |
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
Amounts in USD ($)
| Cash Flow | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|
| Net Income | 10,523,000 | 8,137,000 | 10,041,000 | 8,941,000 |
| Depreciation | 30,412,000 | 30,479,000 | 30,680,000 | 27,646,000 |
| Changes in Receivables | 93,427,000 | 90,169,000 | 87,790,000 | 84,256,000 |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | 73,573,000 | 139,524,000 | 171,923,000 | 368,266,000 |
| Cash Flow | 39,149,000 | 38,697,000 | 52,906,000 | 34,221,000 |
| Capital Expenditures | -74,996,000 | 156,695,000 | -225,757,000 | -24,154,000 |
| Investments | 0 | 0 | 0 | 0 |
| Investing Activity (Other) | 0 | 0 | 0 | 0 |
| Total Investing Cash Flows | -77,295,000 | -48,933,000 | -226,254,000 | -24,875,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Net Borrowings | 1,575,455,000 | 1,499,948,000 | 1,467,398,000 | 1,265,963,000 |
| Cash Flow Financing | -27,805,000 | -23,879,000 | -22,995,000 | -21,514,000 |
| Financing Cash Flows (Other) | 0 | 0 | 0 | 0 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 7 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 3.7 |
| 10 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.7 |
| 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. | 7.2 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 10 | FFO Trend: Analysis of the REIT’s FFO trend during the last two years. | 8.8 |
| 7 | FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.8 |
| 8 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 7.0 |
| 4 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 7.5 |
| Rating | Leverage Section | Avg. Rating |
| 6 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 6.5 |
| 5 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 6.9 |
| 7 | 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 |
| 10 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 7.7 |
| 7 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.0 |
| 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 |
| 1 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 4.0 |
| 7.4 | Overall REITRating™ Score (See trend) | 6.1 |
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
| 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) | 6.8 | NYSE | Mid-Cap | Diversified Residential Office | United States |
| Boston Properties (BXP) | 7.0 | NYSE | Large-Cap | Office Residential Hotel Retail Diversified | United States |
| Federal Realty Investment Trust (FRT) | 7.9 | NYSE | Mid-Cap | Retail | United States |
| Washington Real Estate Investment Trust (WRE) | 6.0 | NYSE | Small-Cap | Diversified Residential Retail Office | United States |
| Entertainment Properties Trust, Inc. (EPR) | 6.9 | NYSE | Mid-Cap | Specialty Diversified | United States |
Last updated: 2022-08-09 - v3.4