WallStSmart

American Assets Trust Inc (AAT)vsPrologis Inc (PLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 2061% more annual revenue ($9.38B vs $433.83M). PLD leads profitability with a 39.7% profit margin vs 4.2%. AAT appears more attractively valued with a PEG of 9.34. PLD earns a higher WallStSmart Score of 63/100 (C+).

AAT

Hold

41

out of 100

Grade: D

Growth: 3.3Profit: 5.0Value: 4.7Quality: 4.5
Piotroski: 4/9Altman Z: 0.56

PLD

Buy

63

out of 100

Grade: C+

Growth: 8.0Profit: 7.0Value: 5.3Quality: 4.0
Piotroski: 2/9Altman Z: 1.01
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AATUndervalued (+50.9%)

Margin of Safety

+50.9%

Fair Value

$37.66

Current Price

$23.66

$14.00 discount

UndervaluedFair: $37.66Overvalued
PLDUndervalued (+43.3%)

Margin of Safety

+43.3%

Fair Value

$254.85

Current Price

$144.54

$110.31 discount

UndervaluedFair: $254.85Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AAT2 strengths · Avg: 9.0/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
23.6%8/10

Strong operational efficiency at 23.6%

PLD6 strengths · Avg: 9.2/10
Profit MarginProfitability
39.7%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
38.5%10/10

Strong operational efficiency at 38.5%

EPS GrowthGrowth
65.2%10/10

Earnings expanding 65.2% YoY

Market CapQuality
$130.91B9/10

Large-cap with strong market position

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.14B8/10

Generating 1.1B in free cash flow

Areas to Watch

AAT4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
1.8%4/10

1.8% revenue growth

Market CapQuality
$1.82B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
2.0%3/10

ROE of 2.0% — below average capital efficiency

Profit MarginProfitability
4.2%3/10

4.2% margin — thin

PLD4 concerns · Avg: 3.0/10
P/E RatioValuation
35.4x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
7.0%3/10

ROE of 7.0% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
108.142/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : AAT

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

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.7% and operating margin at 38.5%.

Bear Case : AAT

The primary concerns for AAT are Revenue Growth, Market Cap, Return on Equity. A P/E of 78.1x leaves little room for execution misses. Debt-to-equity of 1.50 is elevated, increasing financial risk.

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

AAT profiles as a value stock while PLD is a mature play — different risk/reward profiles.

PLD carries more volatility with a beta of 1.35 — expect wider price swings.

PLD is growing revenue faster at 8.3% — sustainability is the question.

PLD generates stronger free cash flow (1.1B), providing more financial flexibility.

Bottom Line

PLD scores higher overall (63/100 vs 41/100), backed by strong 39.7% margins. AAT offers better value entry with a 50.9% 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.

Prologis Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.

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