American Assets Trust, Inc. (AAT) Stock Price & Analysis
American Assets Trust, Inc. (AAT) closed at USD 21.29 on Thursday, October 22, 2026, up 4.01% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 20.47; the Oct 22, 2026 session ranged USD 20.47–21.31 on volume of 413,376 shares. Market capitalization is $1.65B, with a 52-week range of USD 17.72–25.97 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AAT.md
Key facts (AAT)
- Last four reported quarters (through Jun 30, 2026): revenue $440M, net income $21.2M (4.8% margin), free cash flow $88.7M (SEC filings).
- Valuation: P/E 78.0x (avg 24.9x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 3.33 on a 1–5 scale) (3 analysts), mean target USD 23.5 (range 23–24).
- Total return with dividends: 1Y +14.0% vs S&P 500 +14.9%; 5Y -28.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.09, revenue estimate $112M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AAT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $376M | $423M | $441M | $458M | $436M | $440M |
| Gross profit | $246M | $270M | $277M | $290M | $267M | — |
| Operating income | $99.9M | $115M | $122M | $129M | $146M | $100M |
| Net income | $36.6M | $55.9M | $64.7M | $72.8M | $71.4M | $21.2M |
| EPS (diluted) | $0.47 | $0.72 | $0.84 | $0.94 | $0.92 | — |
| Free cash flow | $63.7M | $65.3M | $106M | $137M | $94.9M | $88.7M |
| Gross margin | 65.5% | 63.9% | 62.8% | 63.4% | 61.1% | — |
| Operating margin | 26.6% | 27.1% | 27.6% | 28.2% | 33.5% | 22.8% |
| Net margin | 9.7% | 13.2% | 14.7% | 15.9% | 16.4% | 4.8% |
| Revenue growth | +9.1% | +12.5% | +4.4% | +3.8% | -4.7% | — |
| Cash + short-term investments | $140M | $49.6M | $82.9M | $426M | $129M | — |
| Total debt | $1.66B | $1.63B | $1.70B | $2.02B | $1.70B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AAT)
P/E 78.0x · P/S 3.8x · P/FCF 18.6x · P/B 1.5x · FCF yield 5.37% · Earnings yield 1.28% · Dividend yield (paid, TTM) 6.38%
P/E at fiscal year-ends: Dec 2025 20.4x, Dec 2024 27.6x, Dec 2023 26.6x.
Analysts (AAT)
Consensus Hold (mean 3.33 on a 1–5 scale), 3 analysts; mean target USD 23.5 (low 23, high 24).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-22 | Morgan Stanley | Target raised | Underweight | $18 → $24 |
Total return (dividends reinvested) (AAT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +14.0% | -28.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +14.1% | -6.3% |
| Volatility (annualized) | 22.6% | 28.3% |
| Max drawdown | -19.6% (Jul 2026→Oct 2026) | -54.5% (Nov 2021→Mar 2023) |
AAT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.09 | $0.11 | -18.2% | $111.9M | 1 |
| Next quarter (ends Dec 2026) | $0.09 | $0.12 | -25.0% | $114.8M | 1 |
| Current fiscal year (ends Dec 2026) | $0.35 | $0.46 | -23.9% | $442.6M | 1 |
| Next fiscal year (ends Dec 2027) | $0.37 | $0.45 | -17.8% | $459.3M | 1 |
AAT options: expected move
Options price a move of about ±10.2% (±$2.17) by Jan 15, 2027, which includes earnings on Oct 27, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Jan 15, 2027 | 84 | 22.5% | ±10.2% |
| Apr 16, 2027 | 175 | 30.9% | ±19.7% |
30-day implied volatility 48.4% vs 20.9% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:11 UTC)
| Price | USD 21.29 |
|---|---|
| Change | ▲ 4.01% (up) |
| Previous Close | USD 20.47 |
| Open | USD 20.61 |
| Day Range | USD 20.47 – 21.31 |
| 52-Week Range | USD 17.72 – 25.97 |
| Volume | 413,376 shares |
| Market Cap | $1.65B |
| Exchange | NYQ |
Technical Analysis (AAT)
Nexqual's technical model rates AAT "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:11 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 47.98 (neutral) |
| vs SMA50 | Below (USD 21.87) |
| MACD | -0.28 (negative) |
Analyst Ratings (AAT)
Wall Street analysts rate AAT "Hold" based on 3 analysts, with a mean price target of USD 23.5 (range USD 23–24), per Nexqual as of October 23, 2026 at 10:11 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 23.5 |
| High Target | USD 24 |
| Low Target | USD 23 |
| Buy / Hold / Sell | 0 / 2 / 1 |
Earnings (AAT)
| Next Earnings Date | 2026-10-27 |
|---|---|
| Revenue Estimate | $111.87M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.09 vs est 0.1 ▼ miss |
| 2026-03-31 | USD 0.08 vs est 0.11 ▼ miss |
| 2025-12-31 | USD 0.05 vs est 0.08 ▼ miss |
| 2025-09-30 | USD 0.07 vs est 0.09 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financials & Fundamentals (AAT)
| Total Revenue | $435.37M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.40% |
| Gross Margin | +61.82% |
| Operating Margin | +24.26% |
| Profit Margin | +4.13% |
| ROE | +2.16% |
| Debt / Equity | 1.62 |
| Current Ratio | 0.62 |
| Total Cash | $110.96M |
| Total Debt | $1.71B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $88.65M (20.2% of revenue) |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financial Health Score (AAT)
Nexqual rates American Assets Trust, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:11 UTC.
| Growth | Weak — Revenue -5% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 62%, operating 24% (last 12 months) |
| Balance Sheet | Critical — $129M cash and investments vs $1.70B debt (Dec 2025, SEC) |
| Cash Flow | Strong — FCF $89M (last 4 quarters to Jun 2026, SEC), 20% margin |
| Efficiency | Weak — ROE 2%, ROA 2.1% |
Ownership (AAT)
| Insider Ownership | +1.80% |
|---|---|
| Institutional Ownership | +119.08% |
| Shares Outstanding | 61.40M |
| Float | 51.05M |
| Short % of Float | +6.67% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Leadership (AAT)
American Assets Trust, Inc. is led by Adam Wyll, CEO, President & Secretary, per Nexqual as of October 23, 2026 at 10:11 UTC.
| CEO, President & Secretary | Adam Wyll |
|---|---|
| Executive Chairman of the Board | Ernest Sylvan Rady |
| Executive VP, Treasurer & CFO | Robert F. Barton |
| Senior Vice President of Construction & Development | Jerry Gammieri |
| Senior Vice President of Retail Properties | Christopher E. Sullivan |
Major Backers & Investors (AAT)
Notable institutional backers of American Assets Trust, Inc. include American Assets Inc, Senvest Management LLC, LSV Asset Management, according to Nexqual as of October 23, 2026 at 10:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| American Assets Inc | 14.42% |
| Senvest Management LLC | 4.32% |
| LSV Asset Management | 3.6% |
| Charles Schwab Investment Management, Inc. | 2.08% |
| Fidelity | 0.91% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.92% |
| Vanguard Group | 12.25% |
| State Street | 4.56% |
| Geode Capital | 2.27% |
| Columbia Threadneedle | 1.07% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GNL | Global Net Lease, Inc. | USD 7.28 | ▲ 2.25% |
| ESRT | Empire State Realty Trust, Inc. | USD 4.93 | ▲ 5.57% |
| JBGS | JBG SMITH Properties | USD 11.39 | ▲ 6.35% |
| SAFE | Safehold Inc. New | USD 11.33 | ▲ 6.29% |
| CTO | CTO Realty Growth, Inc. | USD 20.25 | ▲ 3.42% |
| BNL | Broadstone Net Lease, Inc. | USD 17.55 | ▲ 1.86% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:11 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt