American Assets Trust, Inc. (AAT)
Real Estate · NYQ
Price as at 30 Sept 2026, 15:55 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
American Assets Trust, Inc. trades at $21.29, close to the $18.51 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 39 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 85.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
AAT dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.02 | 3 |
| 2025 | $1.36 | 4 |
| 2024 | $1.34 | 4 |
| 2023 | $1.32 | 4 |
| 2022 | $1.28 | 4 |
| 2021 | $1.16 | 4 |
| 2020 | $1.00 | 4 |
| 2019 | $1.14 | 4 |
| 2018 | $1.09 | 4 |
| 2017 | $1.05 | 4 |
| 2016 | $1.01 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
AAT earnings and analyst estimates
Recommendation mix, 3 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
AAT passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
7 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$25.48M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$15.27M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$9.09M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$7.33M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$1.75M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in AAT
Trades in AAT disclosed by members of Congress and executive-branch officials, latest first:
- Daniel Goldman · HouseSell · $1,001 - $15,000 · traded 10 Apr 2023 · disclosed 19 May 2023
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
AAT peers
The largest companies in the same industry (REIT - Diversified), then in the same sector.
- WPC W. P. Carey Inc.
- CHC.AX Charter Hall Group
- BNL Broadstone Net Lease, Inc.
- SAFE Safehold Inc.
- FVR FrontView REIT, Inc.
- AHRT AH REALTY TRUST INC
- WELL Welltower Inc.
- PLD Prologis Inc.
Every real estate company we cover is on the Real Estate hub.
Common questions
Is American Assets Trust, Inc. (AAT) undervalued?
Against our fair value estimate of $18.51, AAT at $21.29 is 13% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own AAT?
7 of the institutions we track reported a position in AAT in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is AAT's P/E ratio?
AAT trades at 85.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does American Assets Trust, Inc. (AAT) pay a dividend?
Yes. American Assets Trust, Inc. yields 5.33% at the current share price. It has paid $1.36 per share over the trailing twelve months. It has paid a dividend in each of the last 15 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its AAT data?
Fundamentals for AAT come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 15:55 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for AAT, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.