AAT American Assets Trust, Inc. - Fundamental Analysis
BEARISH
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AAT Stock | Fundamental Analysis & Investment Insights
NYSE
Real Estate
REIT - Diversified
Current Price
Live
$17.98
Analyst Target
$18.0
+0.1%
Upside
52W High
$25.06
52W Low
$16.69
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Jan 24, 2026
Market cap
$1.39B
P/E
17.8
ROE
7.0%
Profit margin
14.1%
Debt/Equity
1.53
Dividend yield
7.51%
AI Analysis
Powered by advanced machine learning algorithms
Confidence Score
85%
Analysis Accuracy
The Advanced Deterministic Scorecard reveals a weak financial health profile with a Piotroski F-Score of 4/9, indicating borderline stability, and a concerning lack of Altman Z-Score data, which raises transparency risks. Despite a high dividend yield of 7.51%, the payout ratio of 132.84% is unsustainable, supported by collapsing earnings—YoY EPS down 75% and revenue down 10.8%. Valuation metrics are mixed, with a Price/Book below 1 but a high Forward P/E of 24.97, while technical and analyst signals are uniformly bearish. The company has underperformed peers over 1Y, 3Y, and 5Y, with no insider buying and weak earnings consistency in recent quarters.
Key Strengths
Dividend yield is high at 7.51%, potentially attractive for income-seeking investors
Price/Book ratio of 0.94 suggests the stock trades below book value
Current and quick ratios are strong at 3.50 and 3.33, indicating solid short-term liquidity
Gross margin remains healthy at 62.81%, reflecting pricing power or cost control in operations
Analyst target price of $18.00 is marginally above current price, implying slight upside
Key Risks
Piotroski F-Score of 4/9 indicates weak financial health and poor earnings stability
Earnings have collapsed—YoY EPS down 73%, with Q/Q EPS down 72.9%, signaling severe profitability deterioration
Payout ratio of 132.84% is unsustainable and likely to lead to dividend cuts
Forward P/E of 24.97 is high relative to negative growth, suggesting overvaluation on earnings trajectory
No Altman Z-Score available, creating uncertainty around bankruptcy risk and financial leverage
AI Fair Value Estimate
Based on comprehensive analysis
$14.0
-22.1% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
36
Weak
58
20
35
30
38
AI Verdict
High risk, low reward profile with deteriorating fundamentals and unsustainable dividend
Key drivers: Low Piotroski F-Score, Negative earnings and revenue growth, Unsustainable payout ratio, Bearish technical trend, Lack of Altman Z-Score
Confidence
88%
Value
58/100
Ref P/E, PEG, Graham Number
Positives
- Price/Book of 0.94 suggests possible undervaluation
- Current P/E of 17.80 below sector average of 45.80
Watchpoints
- Forward P/E of 24.97 implies overvaluation given negative growth
- Graham Number ($20.84) above current price, but not supported by earnings trend
- Intrinsic value estimate of $7.07 significantly below market price
Future
20/100
Ref Growth rates
Positives
- Analyst target price implies minor upside
Watchpoints
- Revenue growth YoY: -10.80%
- Earnings growth YoY: -73.00%
- Q/Q EPS growth: -22.2%
- Forward P/E expansion unjustified by fundamentals
Past
35/100
Ref Historical trends
Positives
- Historically beat earnings estimates in 13 of last 25 quarters
- Some large positive surprises in 2020–2023
Watchpoints
- Recent quarters show declining performance—only 1 beat in last 4
- Earnings progression is sharply downward since 2024
- 5Y price return down 18.7%, underperforming sector
Health
30/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Current ratio (3.50) and quick ratio (3.33) indicate strong liquidity
Watchpoints
- Piotroski F-Score of 4/9 indicates weak financial health
- Debt/Equity ratio of 1.53 is elevated for a REIT
- No Altman Z-Score provided, raising red flag
- ROE of 6.99% is low, especially for real estate sector
Dividend
38/100
Ref Yield, Payout
Positives
- High dividend yield of 7.51% is attractive on surface
Watchpoints
- Payout ratio of 132.84% is unsustainable
- Dividend strength score of 40/100 indicates high risk
- Earnings decline threatens dividend coverage
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$17.98
Analyst Target
$18.0
Upside/Downside
+0.1%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for AAT and closest competitors.
Updated 2026-01-23
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
AAT
American Assets Trust, Inc.
Primary
|
-18.7% | -20.1% | -20.4% | -8.6% | -4.6% | 0.0% |
|
ARI
Apollo Commercial Real Estate Finance, Inc.
Peer
|
+49.1% | +20.2% | +23.8% | +5.8% | +2.0% | -2.3% |
|
ALEX
Alexander & Baldwin, Inc.
Peer
|
+58.2% | +26.3% | +25.3% | +16.0% | +0.5% | -0.5% |
|
ALX
Alexander's, Inc.
Peer
|
+28.6% | +33.4% | +37.1% | -2.2% | +11.4% | +0.9% |
|
ABR
Arbor Realty Trust, Inc.
Peer
|
-7.8% | -22.3% | -34.2% | -32.0% | -2.4% | -6.4% |
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
17.8
Forward P/E
24.97
PEG Ratio
N/A
P/B Ratio
0.94
P/S Ratio
3.2
EV/Revenue
6.0
EV/EBITDA
11.25
Market Cap
$1.39B
Profitability
Profit margins and return metrics
Profit Margin
14.13%
Operating Margin
22.83%
Gross Margin
62.81%
ROE
6.99%
ROA
2.14%
Growth
Revenue and earnings growth rates
Revenue Growth
-10.8%
Earnings Growth
-73.0%
Q/Q Revenue Growth
N/A
Q/Q Earnings Growth
-72.9%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
1.53
High debt
Current Ratio
3.5
Strong
Quick Ratio
3.33
Excellent
Cash/Share
$2.31
Quarterly Earnings History
EPS performance vs analyst estimates
2026-02-03
$N/A
2025-10-28
$0.07
-22.2% surprise
2025-07-29
$0.09
-10.0% surprise
2025-04-29
$0.7
+1066.7% surprise
Real Estate Sector Comparison
Comparing AAT against 56 companies in the Real Estate sector
(1 bullish, 9 neutral, 46 bearish)
P/E Ratio
17.8
This Stock
vs
49.55
Sector Avg
-64.1%
(Discount)
Return on Equity (ROE)
6.99%
This Stock
vs
-75.75%
Sector Avg
-109.2%
(Below Avg)
Profit Margin
14.13%
This Stock
vs
24.96%
Sector Avg
-43.4%
(Weaker)
Debt to Equity
1.53
This Stock
vs
3.28
Sector Avg
-53.3%
(Less Debt)
Revenue Growth
-10.8%
This Stock
vs
108.53%
Sector Avg
-110.0%
(Slower)
Current Ratio
3.5
This Stock
vs
8.3
Sector Avg
-57.8%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
AAT
American Assets Trust, Inc.
|
BEARISH | $1.39B | 17.8 | 7.0% | 14.1% | $17.98 | |
|
ARI
Apollo Commercial Real...
|
BEARISH | $1.38B | 11.4 | 7.4% | 51.3% | $9.92 | |
|
ALEX
Alexander & Baldwin, Inc.
|
BEARISH | $1.51B | 20.54 | 7.3% | 32.4% | $20.75 | |
|
ALX
Alexander's, Inc.
|
BEARISH | $1.24B | 34.38 | 23.0% | 17.0% | $243.04 | |
|
ABR
Arbor Realty Trust, Inc.
|
BEARISH | $1.64B | 10.05 | 6.6% | 35.1% | $7.74 |
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2025-12-03 | BARTON ROBERT F | Chief Financial Officer | Stock Award | 99,681 | - |
| 2025-12-03 | WYLL ADAM | Chief Executive Officer | Stock Award | 161,023 | - |
| 2025-12-03 | GAMMIERI JERRY | Officer | Stock Award | 34,505 | - |
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
UNDERPERFORM
2 analysts
Morgan Stanley
2026-01-06
Equal-Weight
Equal-Weight
Mizuho
2025-08-20
Neutral
Neutral
Past News Coverage
Recent headlines mentioning AAT from our newsroom.
Newest → oldest
No matching news yet.