American Assets Trust, Inc. (AAT)

American Assets Trust Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	440.11	431.87	453.34	436.78	418.57	373.04
Revenue Growth	1.14%	-4.74%	3.79%	4.35%	12.21%	9.04%
Net Income Net Income Growth	21.18	55.65	56.8	50.38	43.51	28.38
Earnings Per Share EPS Growth	0.35	0.92	0.94	0.84	0.72	0.47
EPS Growth	-65.64%	-2.38%	12.42%	15.58%	53.17%	2.27%

Revenue by Segment

Chart

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Office Office Growth	206.04	215.78	207.86	203.39	186.37
Retail Retail Growth	95.12	109.04	104.77	100.91	94.66
Multifamily Multifamily Growth	68.96	65.37	61.83	58.14	52.32
Mixed-Use Mixed-Use Growth	66.08	67.67	66.71	60.21	42.49
Total Total Growth	436.2	457.86	441.16	422.65	375.83

Cash & Debt

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	89.61	131.37	430.87	90.85	59.56	139.52
Total Debt Total Debt Growth	1,689	1,706	2,031	1,713	1,674	1,679
Net Cash (Debt) Net Cash Growth	-1,599	-1,575	-1,600	-1,622	-1,614	-1,539
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-20.80	-20.52	-20.91	-21.25	-21.18	-20.21

Cash Flow & CapEx

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-	167.12	207.11	188.75	179.07	168.33
Free Cash Flow Free Cash Flow Growth	-	167.12	207.11	188.75	179.07	168.33
Free Cash Flow Growth	-	-19.31%	9.72%	5.41%	6.38%	32.56%

Margins

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	23.81%	23.49%	28.50%	27.87%	27.41%	26.77%
Pretax Margin	6.48%	16.70%	16.26%	15.05%	13.55%	10.01%
Profit Margin	4.81%	12.88%	12.53%	11.53%	10.39%	7.61%

Dividends

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 29, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.360	1.360	1.340	1.320	1.280	1.160
Dividend Per Share Growth	0%	1.49%	1.52%	3.13%	10.35%	16.00%
Dividend Yield	6.23%	7.21%	5.12%	5.86%	4.84%	3.09%

Valuation

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 29, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	62.68	20.80	28.16	27.21	36.87	79.98
PS Ratio	3.81	2.68	3.53	3.14	3.83	6.08

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 29, 2026

Data Sources Report a data error