Stocks Real estate AAT
NYSE · Real estateAmerican Assets Trust, Inc. (AAT)
Operating cash flow minus capital spending left $94.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $89.6M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.
Key facts about American Assets Trust, Inc.
- Net worth
- American Assets Trust, Inc. has a market value (market cap) of $1.3B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $436.2M (-4.7% year on year), with net income of $55.6M.
- Cash flow
- In fiscal 2025 operations brought in $167.1M of cash; after $72.3M of capital spending, free cash flow was $94.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- American Assets Trust, Inc.'s next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- American Assets Trust, Inc. paid dividends of $1.36 per share in fiscal 2025, a yield of 6.31% at the current price.
What American Assets Trust, Inc. does
American Assets Trust, Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker AAT.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $436.2M | $55.6M | $0.92 | $94.9M |
| 2024 | $457.9M | $56.8M | $0.94 | $136.9M |
| 2023 | $441.2M | $50.4M | $0.84 | $105.8M |
| 2022 | $422.6M | $43.5M | $0.72 | $65.3M |
| 2021 | $375.8M | $28.4M | $0.47 | $63.7M |
| 2020 | $344.6M | $27.7M | $0.46 | $63.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AAT ranks in Real estate
Dividends
American Assets Trust, Inc. paid $1.36 per share in fiscal 2025. At the current price that is a yield of 6.31%. It paid out $105.3M in cash dividends, 189% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.36 | $105.3M | 189% |
| 2024 | $1.34 | $103.4M | 182% |
| 2023 | $1.32 | $101.6M | 202% |
| 2022 | $1.28 | $98.2M | 226% |
| 2021 | $1.16 | $88.9M | 313% |
| 2020 | $1.00 | $76.5M | 277% |
Latest SEC filings
What American Assets Trust, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.3% to $114.3M versus the same quarter last year; diluted EPS $0.13 versus $0.07.
- October 27, 2026
- August 26, 2026Activist stake changed SCHEDULE 13D/A
- July 31, 2026
- July 28, 2026
- June 3, 2026
- June 1, 2026
- May 27, 2026Activist stake changed SCHEDULE 13D/A
- May 11, 2026
- May 1, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 1.8% to $110.6M versus the same quarter last year; diluted EPS $0.08 versus $0.70.
What is AAT worth? A DCF from its reported cash flow
Insider trades
What the people running American Assets Trust, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $14.9M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 14, 2026 | Rady Ernest SExecutive Chairman, Director, 10% owner | Boughtindirect | 50,000 | $1.1M |
| September 2, 2026 | Rady Ernest SExecutive Chairman, Director, 10% owner | Boughtindirect | 96,636 | $2.2M |
| September 1, 2026 | Rady Ernest SExecutive Chairman, Director, 10% owner | Boughtindirect | 50,000 | $1.1M |
| August 31, 2026 | Rady Ernest SExecutive Chairman, Director, 10% owner | Boughtindirect | 20,000 | $446.6K |
| August 28, 2026 | Rady Ernest SExecutive Chairman, Director, 10% owner | Boughtindirect | 50,000 | $1.1M |
| August 27, 2026 | Rady Ernest SExecutive Chairman, Director, 10% owner | Boughtindirect | 50,000 | $1.1M |
| August 26, 2026 | Rady Ernest SExecutive Chairman, Director, 10% owner | Boughtindirect | 50,000 | $1.1M |
| August 24, 2026 | Rady Ernest SExecutive Chairman, Director, 10% owner | Boughtindirect | 29,729 | $676K |
Who owns AAT
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Ernest S. Rady13D, may seek influence with 2 related filers | 38% | August 26, 2026 |
| Vanguard Portfolio Management13G, passive | 8.82% | April 28, 2026 |
| Senvest Management, LLC13G, passive with 1 related filers | 5.1% | January 26, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 243 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 9,162,398 | -290,044 |
| American Assets Inc | 7,374,599 | 0 |
| Vanguard Portfolio Management LLC | 5,472,335 | +75,375 |
| State Street Corp | 2,797,915 | -46,415 |
| Senvest Management, LLC | 2,651,358 | -925,696 |
| Vanguard Capital Management LLC | 2,052,700 | -65,974 |
| American Assets Investment Management, LLC | 1,477,340 | 0 |
| Geode Capital Management, LLC | 1,394,216 | +57,645 |
| Charles Schwab Investment Management Inc | 1,279,982 | +18,598 |
| Ameriprise Financial Inc | 1,049,224 | +96,642 |
| Arrowstreet Capital, Limited Partnership | 1,032,169 | +71,332 |
| Fuller & Thaler Asset Management, Inc. | 1,019,791 | +424,031 |
| Morgan Stanley | 953,785 | +70,303 |
| Private Management Group Inc | 800,019 | -6,565 |
| Invesco Ltd. | 709,148 | -96,478 |
| Northern Trust Corp | 665,613 | -108,924 |
| Dimensional Fund Advisors LP | 663,092 | +46,209 |
| Two Sigma Investments, LP | 618,313 | +75,581 |
| Algert Global LLC | 589,233 | -223,668 |
| Jpmorgan Chase & Co | 516,647 | -762,876 |
Insiders
8 insiders reported holding 3,286,724 shares in total, about $70.8M at the last price.
| Holder | Shares |
|---|---|
| Rady Ernest SExecutive Chairman, Director, 10% owner | 2,569,2142,463,658 held indirectly |
| Wyll AdamPresident & CEO | 325,699 |
| Barton Robert F.Executive Vice President & CFO | 194,899 |
| Gammieri JerrySVP Construction and Devlp | 122,285 |
| Olinger Thomas SDirector | 32,138 |
| Sullivan Robert SDirector | 30,350 |
| Schaefer Joy L.Director | 8,296 |
| Tanz Stuart ADirector | 3,843 |
Questions about AAT
What does American Assets Trust, Inc. do?
American Assets Trust, Inc. is a company in the Real estate sector, listed on NYSE as AAT. Its shares trade on NYSE under the ticker AAT.
What is American Assets Trust, Inc.'s net worth?
American Assets Trust, Inc. has a market value (market cap) of $1.3B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is American Assets Trust, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $22.8M.
When did American Assets Trust, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to September 30, 2026.
When is American Assets Trust, Inc.'s next earnings report?
American Assets Trust, Inc.'s next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does American Assets Trust, Inc. pay a dividend?
Yes. American Assets Trust, Inc. paid dividends of $1.36 per share in fiscal 2025, a yield of 6.31% at the current price.
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Where the numbers come from
Financial figures are the values American Assets Trust, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.