American Assets Trust, Inc.(AAT)Stock Analysis
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Rank #1,239 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
AAT Stock Analysis & AI Quality Score
AI stock analysis and institutional research for American Assets Trust, Inc. (AAT), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores AAT at 54.1/100 on a 32-signal composite quality model, placing it at rank #1,239 of 2,879 stocks — the top half of the AI-ranked universe. AAT scores in the top quartile across free cash flow (98.0), profitability (97.2). Areas of concern include revenue scale (9.4) and revenue growth (22.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 44.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), American Assets Trust, Inc. reports quarterly revenue of $110.6M, net income of $6.7M, an operating margin of 23.4%. Top institutional holders of AAT by reported 13-F value include BlackRock,, AMERICAN ASSETS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. AAT trades on the NYSE exchange and files with the SEC under CIK 1500217. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AAT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for American Assets Trust, Inc. directly from SEC EDGAR. American Assets Trust, Inc.'s 13F Pro composite quality score has ranged between 54 and 58 since 2026, currently 54.1 — a declining long-term trajectory across 8 quarterly and live scoring snapshots.
Revenue
Q1 2026
$110.6M
Net Income
Q1 2026
$6.7M
Free Cash Flow
Q1 2026
$38.6M
Operating Margin
Q1 2026
23.4%
ROIC
Q1 2026
2.3%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-1.1% YoYNet Income
Operating Income
+19.9% YoYEPS (Diluted)
+9.5% YoYTotal Assets
-2.1% YoYTotal Debt
+0.0% YoYOp. Cash Flow
-11.5% YoY| Metric | FY 2025 | FY 2023 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $436.2M -1.1% | $441.2M +28.0% | $344.6M -6.0% | $366.7M +10.8% | $330.9M +5.0% | $315.0M |
| Net Income | — | — | $27.7M -39.5% | $45.7M +132.2% | $19.7M -32.3% | $29.1M |
| Operating Income | $145.9M +19.9% | $121.7M +37.4% | $88.6M -22.1% | $113.7M +42.9% | $79.5M -15.1% | $93.6M |
| EPS (Diluted) | $0.92 +9.5% | $0.84 +82.6% | $0.46 -45.2% | $0.84 +100.0% | $0.42 -32.3% | $0.62 |
| Total Assets | $2.92B -2.1% | $2.98B +5.9% | $2.82B +1.0% | $2.79B +26.9% | $2.20B -2.7% | $2.26B |
| Total Debt | $1.70B +0.0% | $1.70B +29.7% | $1.31B -3.7% | $1.36B +10.5% | $1.23B -7.3% | $1.33B |
| Operating Cash Flow | $167.1M -11.5% | $188.8M +48.6% | $127.0M -17.4% | $153.8M +12.7% | $136.5M -6.4% | $145.9M |
AI Insight: AAT Financial Trends
American Assets Trust shows declining operating income trend with Q1 2026 operating income at $26M versus $72M peak in Q1 2025.
• Revenue remained relatively stable, fluctuating between $108M-$123M across eight quarters with Q1 2026 at $111M.
• Operating income declined significantly from $72M peak in Q1 2025 to $26M in Q1 2026.
• Operating cash flow weakened from $59M in Q2 2024 to $39M in Q1 2026.
• Total debt decreased from $2,025M in Q4 2024 to $1,700M in Q4 2025.
⚠ Equity declined steadily from $1,198M in Q1 2025 to $1,137M in Q1 2026.
⚠ Operating margins compressed substantially given stable revenue but falling operating income.
AI Insight: AAT Ratio Trends
Operating margin contracted from 66.3% in Q1 2025 to 23.4% in Q1 2026, with ROIC falling from 24.0% to 9.1% over the same period.
• Operating margin declined from 66.3% in Q1 2025 to 23.4% in Q1 2026, erasing exceptional gains.
• ROIC dropped from 24.0% in Q1 2025 to 9.1% in Q1 2026, indicating deteriorating capital efficiency.
• Debt-to-equity ratio improved from 1.72 in Q4 2024 to 1.48 in Q4 2025, showing deleveraging progress.
⚠ Q1 2025's 66.3% operating margin appears anomalous compared to normalized 22-31% range in other quarters.
⚠ ROIC volatility ranging from 3.3% to 24.0% suggests inconsistent operational performance or one-time items.
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Available Research
13F Pro tracks comprehensive data for American Assets Trust, Inc. including:
Top Institutional Holders of AAT
BlackRock, Inc.
$174.0M9,452,442 shAMERICAN ASSETS INC
$135.8M7,374,599 shVANGUARD PORTFOLIO MANAGEMENT LLC
$99.4M5,396,960 shSenvest Management, LLC
$65.9M3,577,054 shSTATE STREET CORP
$52.4M2,844,330 shVANGUARD CAPITAL MANAGEMENT LLC
$39.0M2,118,674 shAmerican Assets Investment Management, LLC
$27.2M1,477,340 shGEODE CAPITAL MANAGEMENT, LLC
$24.6M1,336,571 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$23.2M1,261,384 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$17.7M960,837 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $174.0M | 9,452,442 |
| AMERICAN ASSETS INC | $135.8M | 7,374,599 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $99.4M | 5,396,960 |
| Senvest Management, LLC | $65.9M | 3,577,054 |
| STATE STREET CORP | $52.4M | 2,844,330 |
| VANGUARD CAPITAL MANAGEMENT LLC | $39.0M | 2,118,674 |
| American Assets Investment Management, LLC | $27.2M | 1,477,340 |
| GEODE CAPITAL MANAGEMENT, LLC | $24.6M | 1,336,571 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $23.2M | 1,261,384 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $17.7M | 960,837 |
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Popular Research
Is AAT a good stock to buy?
13F Pro's AI-powered analysis of American Assets Trust, Inc. (AAT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AAT are available on the AAT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own AAT?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AAT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of American Assets Trust, Inc.'s investment landscape.