American Assets Trust, Inc.

Real Estate
Real Estate Investment Trusts
www.americanassetstrust.com

Earnings Score
Moat Score

Market Cap $1.69B
PE 29
Debt $NaN
Cash $533.00M
EV $NaN
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$58.30M
EBIT	$128.55M
ROE	5%
ROA	4%
Equity	$1.19B
Growth Stability	64%
PE	29.04
PEG	2.22
PB	1.43
P/S	3.71
Price/Cash	0.31
Net Margins	14%
Gross Margins	63%
Op. Margins	28%
Earnings CAGR	5%
Sales Growth YoY	10%
Sales Growth QoQ	11%
Sales CAGR	11%
Equity CAGR	6%
Earnings Stability	0.14
Earnings Growth YoY	41%

Earnings Growth QoQ	40%
Earnings CAGR 5Y	13%
Sales CAGR 5Y	6%
Equity CAGR 5Y	-2%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
Equity CAGR 3Y	-2%
Market Cap	$1.69B
Revenue	$456.89M
Dividend Yield	6%
Payout Ratio	176%
Assets	$3.40B
Cash	$533.00M
Shares Outstanding	60.31M
Earnings Score	8%
Moat Score	64%
Gross Profit	$289.33M
Shares Growth 3y	0%
Equity Growth QoQ	-0%
Equity Growth YoY	-2%

Assets & ROA

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Stockholders Equity & ROE

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American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are primarily located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.

SEC Filings

Direct access to American Assets Trust, Inc. (AAT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does American Assets Trust, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of American Assets Trust, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 14%

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American Assets Trust, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for American Assets Trust, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	8%	14%	11%	6%	12%	8%	8%	10%	11%	14%
ROA	-	5%	5%	4%	4%	3%	3%	4%	4%	4%
ROE	-	5%	4%	2%	3%	2%	2%	4%	4%	5%

Good Net Margins (13.89%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-
Debt over Equity	1.4	1.25	1.25	1.54	1.04	1.03	1.34	1.33	1.42	-
Growth Stability	-	-	-	64%	100%	85%	91%	100%	100%	64%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (64%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	6%	7%	12%	11%	-6%	9%	12%	4%	6%
Earnings YoY growth	-	77%	-15%	-40%	132%	-39%	3%	53%	16%	13%
Equity YoY growth	-	8%	1%	-4%	64%	-3%	-3%	-1%	-2%	-2%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-