WallStSmart

American Assets Trust Inc (AAT)vsGladstone Commercial Corporation (GOOD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

American Assets Trust Inc generates 156% more annual revenue ($435.37M vs $170.20M). GOOD leads profitability with a 14.5% profit margin vs 4.1%. AAT appears more attractively valued with a PEG of 9.34. GOOD earns a higher WallStSmart Score of 59/100 (C).

AAT

Hold

44

out of 100

Grade: D

Growth: 3.3Profit: 5.0Value: 4.7Quality: 5.5
Piotroski: 4/9Altman Z: 0.56

GOOD

Buy

59

out of 100

Grade: C

Growth: 6.7Profit: 7.5Value: 4.7Quality: 3.0
Piotroski: 2/9Altman Z: -0.22
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AATUndervalued (+50.5%)

Margin of Safety

+50.5%

Fair Value

$37.41

Current Price

$21.50

$15.91 discount

UndervaluedFair: $37.41Overvalued
GOODUndervalued (+75.1%)

Margin of Safety

+75.1%

Fair Value

$46.43

Current Price

$12.71

$33.72 discount

UndervaluedFair: $46.43Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AAT2 strengths · Avg: 9.0/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Operating MarginProfitability
24.3%8/10

Strong operational efficiency at 24.3%

GOOD2 strengths · Avg: 10.0/10
Operating MarginProfitability
40.4%10/10

Strong operational efficiency at 40.4%

EPS GrowthGrowth
236.0%10/10

Earnings expanding 236.0% YoY

Areas to Watch

AAT4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
1.4%4/10

1.4% revenue growth

Market CapQuality
$1.66B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
2.0%3/10

ROE of 2.0% — below average capital efficiency

Profit MarginProfitability
4.1%3/10

4.1% margin — thin

GOOD4 concerns · Avg: 2.5/10
Market CapQuality
$634.25M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
39.842/10

Expensive relative to growth rate

P/E RatioValuation
52.0x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : AAT

The strongest argument for AAT centers on Price/Book, Operating Margin.

Bull Case : GOOD

The strongest argument for GOOD centers on Operating Margin, EPS Growth. Revenue growth of 11.3% demonstrates continued momentum.

Bear Case : AAT

The primary concerns for AAT are Revenue Growth, Market Cap, Return on Equity. A P/E of 71.3x leaves little room for execution misses. Debt-to-equity of 1.53 is elevated, increasing financial risk.

Bear Case : GOOD

The primary concerns for GOOD are Market Cap, Piotroski F-Score, PEG Ratio. A P/E of 52.0x leaves little room for execution misses. Debt-to-equity of 5.46 is elevated, increasing financial risk.

Key Dynamics to Monitor

GOOD carries more volatility with a beta of 1.07 — expect wider price swings.

GOOD is growing revenue faster at 11.3% — sustainability is the question.

AAT generates stronger free cash flow (24M), providing more financial flexibility.

Monitor REIT - DIVERSIFIED industry trends, competitive dynamics, and regulatory changes.

Bottom Line

GOOD scores higher overall (59/100 vs 44/100) and 11.3% revenue growth. AAT offers better value entry with a 50.5% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

American Assets Trust Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

American Assets Trust, Inc. is a self-managed, vertically integrated, full-service real estate investment trust, or REIT, based in San Diego, California.

Gladstone Commercial Corporation

REAL ESTATE · REIT - DIVERSIFIED · USA

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning and operating net leased office and industrial properties in the United States.

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