WallStSmart

American Assets Trust Inc (AAT)vsW P Carey Inc (WPC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

W P Carey Inc generates 302% more annual revenue ($1.74B vs $433.83M). WPC leads profitability with a 29.7% profit margin vs 4.2%. WPC appears more attractively valued with a PEG of 1.47. WPC earns a higher WallStSmart Score of 69/100 (B-).

AAT

Hold

41

out of 100

Grade: D

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

WPC

Strong Buy

69

out of 100

Grade: B-

Growth: 7.3Profit: 7.5Value: 6.7Quality: 3.0
Piotroski: 2/9Altman Z: 0.41
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
WPCUndervalued (+52.0%)

Margin of Safety

+52.0%

Fair Value

$150.55

Current Price

$74.49

$76.06 discount

UndervaluedFair: $150.55Overvalued

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%

WPC4 strengths · Avg: 8.8/10
Operating MarginProfitability
54.8%10/10

Strong operational efficiency at 54.8%

Profit MarginProfitability
29.7%9/10

Keeps 30 of every $100 in revenue as profit

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

EPS GrowthGrowth
40.2%8/10

Earnings expanding 40.2% YoY

Areas to Watch

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

1.8% revenue growth

Market CapQuality
$1.89B3/10

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

WPC4 concerns · Avg: 3.3/10
P/E RatioValuation
32.8x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
6.2%3/10

ROE of 6.2% — below average capital efficiency

Debt/EquityHealth
1.063/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : AAT

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

Bull Case : WPC

The strongest argument for WPC centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 29.7% and operating margin at 54.8%. PEG of 1.47 suggests the stock is reasonably priced for its growth.

Bear Case : AAT

The primary concerns for AAT are Revenue Growth, Market Cap, Return on Equity. A P/E of 81.4x leaves little room for execution misses. Debt-to-equity of 1.50 is elevated, increasing financial risk.

Bear Case : WPC

The primary concerns for WPC are P/E Ratio, Return on Equity, Debt/Equity.

Key Dynamics to Monitor

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

AAT carries more volatility with a beta of 1.00 — expect wider price swings.

WPC is growing revenue faster at 8.9% — sustainability is the question.

WPC generates stronger free cash flow (250M), providing more financial flexibility.

Bottom Line

WPC scores higher overall (69/100 vs 41/100), backed by strong 29.7% margins. AAT offers better value entry with a 50.9% margin of safety. Both earn "Strong 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.

W P Carey Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

WP Carey is among the largest net-lease REITs with an enterprise value of approximately $ 18 billion and a diversified portfolio of operationally critical commercial real estate that includes 1,215 net-lease properties covering approximately 142 million square feet as of March 30. September 2020.

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