AAT
American Assets Trust Inc
NYSE: AAT · REAL ESTATE · REIT - DIVERSIFIED
$20.45
-5.19% today
Updated 2026-04-29
Market cap
$1.59B
P/E ratio
68.17
P/S ratio
3.67x
EPS (TTM)
$0.30
Dividend yield
—
52W range
$17 – $22
Volume
0.4M
American Assets Trust Inc (AAT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.51M | $120.94M | $117.04M | $128.95M | $209.82M | $235.47M | $255.06M | $260.00M | $275.62M | $295.09M | $314.98M | $330.87M | $366.74M | $344.57M | $375.83M | $422.65M | $441.16M | $457.85M | $436.20M |
| Revenue growth (YoY) | — | +2.9% | -3.2% | +10.2% | +62.7% | +12.2% | +8.3% | +1.9% | +6.0% | +7.1% | +6.7% | +5.0% | +10.8% | -6.0% | +9.1% | +12.5% | +4.4% | +3.8% | -4.7% |
| Cost of revenue | $32.55M | $32.92M | $28.64M | $35.96M | $59.94M | $86.11M | $89.99M | $91.23M | $98.01M | $107.93M | $116.68M | $121.45M | $131.98M | $121.12M | $129.77M | $152.43M | $163.96M | $167.73M | $169.59M |
| Gross profit | $84.96M | $88.02M | $88.40M | $92.99M | $149.89M | $149.35M | $165.07M | $168.77M | $177.62M | $187.16M | $198.31M | $209.41M | $234.76M | $223.45M | $246.05M | $270.21M | $277.21M | $290.13M | $266.61M |
| Gross margin | 72.3% | 72.8% | 75.5% | 72.1% | 71.4% | 63.4% | 64.7% | 64.9% | 64.4% | 63.4% | 63.0% | 63.3% | 64.0% | 64.8% | 65.5% | 63.9% | 62.8% | 63.4% | 61.1% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $10.47M | $8.69M | $7.06M | $8.81M | $13.92M | $15.59M | $17.20M | $18.53M | $20.07M | $17.90M | $21.38M | $22.78M | $24.87M | $26.58M | $29.88M | $32.14M | $35.96M | $35.47M | $37.84M |
| Operating income | $43.11M | $48.24M | $51.48M | $46.53M | $58.78M | $71.91M | $81.10M | $83.67M | $94.15M | $97.94M | $93.65M | $79.53M | $113.69M | $88.58M | $99.87M | $114.73M | $121.75M | $129.20M | $145.93M |
| Operating margin | 36.7% | 39.9% | 44.0% | 36.1% | 28.0% | 30.5% | 31.8% | 32.2% | 34.2% | 33.2% | 29.7% | 24.0% | 31.0% | 25.7% | 26.6% | 27.1% | 27.6% | 28.2% | 33.5% |
| EBITDA | $72.48M | $79.70M | $81.71M | $79.29M | $116.42M | $133.76M | $147.88M | $150.24M | $157.54M | $169.26M | $176.92M | $186.63M | $211.22M | $197.31M | $212.22M | $238.30M | $249.94M | $273.69M | $277.57M |
| EBITDA margin | 61.7% | 65.9% | 69.8% | 61.5% | 55.5% | 56.8% | 58.0% | 57.8% | 57.2% | 57.4% | 56.2% | 56.4% | 57.6% | 57.3% | 56.5% | 56.4% | 56.7% | 59.8% | 63.6% |
| EBIT | $41.10M | $48.24M | $51.48M | $41.28M | $58.78M | $71.91M | $81.10M | $83.67M | $94.15M | $-107.44M | $-128.42M | $-151.19M | $115.02M | $89.02M | $95.92M | $114.96M | $130.44M | $148.23M | $150.26M |
| Interest expense | $42.90M | $43.74M | $43.29M | $46.81M | $56.49M | $57.33M | $58.02M | $52.97M | $47.26M | $51.94M | $53.85M | $52.25M | $54.01M | $53.44M | $58.59M | $58.23M | $64.71M | $74.53M | $78.12M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-2.54M | $-7.02M | $6.44M | $4.38M | $2.92M | $51.60M | $22.59M | $31.14M | $53.91M | $45.64M | $40.13M | $27.20M | $60.19M | $35.59M | $36.59M | $55.88M | $64.69M | $72.82M | $71.37M |
| Net income growth (YoY) | — | -176.8% | +191.8% | -32.0% | -33.4% | +1669.0% | -56.2% | +37.8% | +73.1% | -15.4% | -12.1% | -32.2% | +121.3% | -40.9% | +2.8% | +52.7% | +15.8% | +12.6% | -2.0% |
| Profit margin | -2.2% | -5.8% | 5.5% | 3.4% | 1.4% | 21.9% | 8.9% | 12.0% | 19.6% | 15.5% | 12.7% | 8.2% | 16.4% | 10.3% | 9.7% | 13.2% | 14.7% | 15.9% | 16.4% |