American Assets Trust, Inc. · REIT (real estate trust)

AAT

Low riskNext report: Around Feb 2, 2027 (est.)

View price ↗

The short version

A profitable company with steady sales.

Going well

Raised its dividend (6.4% yield)
Profitable every year for 10 years
Sales growth speeding up

Money moves

No insider buying or selling in the last 30 days
Institutions cut 1.7% from their holdings in the quarter ending June 2026 (123 bought, 96 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$21.41+0.3% that day

Company value: $1.3B; Share price times all shares
Price vs profit (P/E): 73.8x; You pay about $74 for each $1 of yearly profit
Price vs sales: 3.0x; Company value is 3.0 times a year of sales
Dividend yield: 6.4%; Yearly dividend as a share of today's price
Cash vs value: 9%; Cash as a share of company value
Debt vs value: 129%; Owes more than the whole company is worth

From AAT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Mar '26

$110.6M+1.8% vs a year earlier

Jun '23Tap a barMar '26

Last 12 months: $438.2M, down 3.9% from the 12 months before. Over 5 years, sales grew about 4.8% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of AAT. Starting points are the company's recent numbers.

Sales growth-4% a yearRecently: -3.9% a yearProfit margin5%Last 12 months: 4.5%P/E at the end40xToday: 73.8x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$357M

Profit in 5 years$18M

Price these guesses point to$11.64-46% vs $21.41 todayAbout -11% a year, before dividends

What today's price needs: with a 5% margin and a 40x P/E, sales would have to grow about 8.4% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/7Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.6.1%
MissDebt under half of equityNot relying on borrowed money.1.48x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.16.4%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$167.1M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.7% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.61.1%

Revenue: $436.2M; -4.7% vs prior year
5-year growth: +4.8%/yr; revenue, per year
Total debt: $1.7B; 1.48x equity
Free cash flow: $167.1M; 38.3% of revenue

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jul 1, 2026

Reported Oct 27After close4:16 pm ET

Revenue: $114.3M; +4.3% YoY
EPS: $0.13; vs $0.07

From the press release, checked against last year's SEC filing. Cash flow and share count update with the 10-Q.

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 1
Normal week: 0.9
vs normal: 1.1x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-1.7%

Institutions cut 1.7% from their holdings. 123 bought, 96 sold.

Shares held by institutions57.3M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+0.4%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.1x · $75.0M debt

Shares outstandingLatest reported

61M

Earnings reports

Last 12

Next reportAround Feb 2, 2027 (est.)Estimated from the same quarter last year

Results filedOct 27
Results filedJul 28
Results filedApr 28
Results filedFeb 3
Results filedOct 28, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (active)Aug 26 · View filing ↗Activist

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.