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American Assets Trust, Inc. (AAT)
Real Estate · REIT - Diversified · NYSE
American Assets Trust, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $295.09M | $314.98M | $330.87M | $366.74M | $344.57M | $375.83M | $422.65M | $441.16M | $457.86M | $436.20M |
| Gross profit | $187.16M | $198.31M | $209.41M | $234.76M | $223.45M | $246.05M | $270.21M | $277.21M | $290.13M | $266.61M |
| Net income | $32.59M | $29.08M | $19.69M | $45.72M | $27.66M | $36.59M | $43.51M | $50.38M | $56.80M | $55.65M |
| Net margin | 11.0% | 9.2% | 5.9% | 12.5% | 8.0% | 9.7% | 10.3% | 11.4% | 12.4% | 12.8% |
Source: American Assets Trust, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into AAT stock?
At today's market cap of $1.90B, American Assets Trust, Inc. is priced for free-cash-flow growth of about 7.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $94.86M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 8.4%/yr over the last five fiscal years and revenue 4.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of American Assets Trust, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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American Assets Trust, Inc. financial history by metric
About American Assets Trust, Inc.
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nations most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. Its office portfolio comprises approximately 4.3 million rentable square feet, and its retail portfolio comprises approximately 2.4 million rentable square feet. In addition, the company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,302 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes. American Assets Trust, Inc. is headquartered in San Diego, California. American Assets Trust, Inc. was incorporated in 1967 in Maryland and based in San Diego, California.
American Assets Trust, Inc. — frequently asked questions
What is American Assets Trust, Inc.'s revenue?
American Assets Trust, Inc. (AAT) reported revenue of $436.20M for fiscal year 2025, down 4.7% from the prior year, according to its SEC filings.
Is American Assets Trust, Inc. profitable?
Yes. AAT earned net income of $55.65M in fiscal 2025, a net margin of 12.8%.
What is AAT's P/E ratio?
American Assets Trust, Inc. trades at a price-to-earnings ratio of about 81.8 based on the latest data in our nightly-refreshed cache.
How fast is American Assets Trust, Inc. growing?
AAT's revenue grew at roughly 4.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does American Assets Trust, Inc. have?
As of fiscal year 2025, AAT carried roughly $1.70B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is American Assets Trust, Inc.'s gross margin?
AAT's gross margin was 61.1% in fiscal 2025 — gross profit of $266.61M on revenue of $436.20M.
What is American Assets Trust, Inc.'s market cap?
American Assets Trust, Inc. (AAT) has a market capitalization of about $1.90B, based on the latest data in our nightly-refreshed cache.
When does American Assets Trust, Inc.'s fiscal year end?
AAT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into AAT stock?
At today's market cap of $1.90B, American Assets Trust, Inc. is priced for free-cash-flow growth of about 7.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $94.86M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 8.4%/yr over the last five fiscal years and revenue 4.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from American Assets Trust, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.