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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3069
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Trading
$1.2B
Ernest S. Rady
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties.
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = AAT ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$AAT American Assets Trust, Inc. | 43 | 30 | 49 | 26 | 13.6x | 10.0x | 8.1% | 3.0% | 61.7% | 37.6% | 19.8% | -1.2% | 6.7% | 156.0x | $1.2B | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
American Assets Trust, Inc. (AAT) receives a "Reduce" rating with a composite score of 43.3/100. It ranks #3069 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Fair valuation relative to peers
Weak fundamentals — higher risk of value trap
Low volatility — smoother ride and historically better risk-adjusted returns
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for AAT.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 30 | 37 | -7DRAG |
| MOMENTUM | 26 | 18 | +8ALPHA |
| VALUATION | 49 | 64 | -15DRAG |
| INVESTMENT | 35 | 57 | -22DRAG |
| STABILITY | 62 | 69 | -7DRAG |
| SHORT INT | 67 | 82 | -15DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 9.3% vs WACC 6.3% (spread +3.0%)
GM 62% vs sector 78%, OM 38% vs sector 18%
Capital turnover 0.28x
Rev growth -1%, 10yr history
Interest coverage N/A, Net debt/EBITDA 5.7x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate American Assets Trust, Inc. (AAT) as a Reduce with a composite score of 43.3/100 at a current price of $19.38. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
American Assets Trust, Inc. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 43.3/100 places it at rank #3069 in our full universe.
No Moat
Medium
Standard
Fair Value
Gross margins of 62% signal strong pricing power.
Stable competitive position in a defensive sector.
Leverage of 156% D/E amplifies downside risk.
Weak momentum suggests persistent institutional selling pressure.
Below-average quality raises earnings sustainability concerns.
American Assets Trust, Inc. represents a reduce based on multi-factor quantitative performance.
American Assets Trust, Inc. receives a Reduce rating from our analysis, with a composite score of 43.3/100 and 2 out of 5 stars, ranking #3069 out of 7,333 stocks. AAT's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
AAT's quality score of 30/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 8.1% (sector avg: 9.0%), gross margins of 61.7% (sector avg: 77.7%), net margins of 19.8% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 49/100, AAT appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/E ratio of 13.57x, an EV/EBITDA of 10.04x, a P/B ratio of 1.10x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
American Assets Trust, Inc.'s investment score of 35/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -1.2% vs. a sector average of 10.7% and a return on assets of 3.0% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
American Assets Trust, Inc. is experiencing notably weak momentum with a score of just 26/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at -1.2% year-over-year, while a beta of 0.70 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
With a stability score of 62/100, AAT exhibits average financial resilience. Key stability metrics include a beta of 0.70 and a debt-to-equity ratio of 156.00x (sector avg: 0.5x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
AAT carries a short interest score of 67/100, indicating moderate short selling activity. This is a neutral reading — not enough to signal systemic bearishness, but worth monitoring. Specific risk factors include elevated leverage (D/E: 156.00x), small-cap liquidity risk. At $1.2B market cap (small-cap), American Assets Trust, Inc. offers reasonable institutional liquidity.
American Assets Trust, Inc. offers an attractive dividend yield of 6.7%, placing it among the higher-yielding stocks in its peer group. This compares to a sector average dividend yield of 2.0%. A yield this high can provide meaningful income, but investors should verify the payout is sustainable by examining the payout ratio, free cash flow coverage, and any history of dividend cuts.
American Assets Trust, Inc. is a small-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #3069 of 7,333 overall (58th percentile). Key comparisons include ROE of 8.1% trailing the 9.0% sector median and operating margins of 37.6% above the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While AAT currently exhibits a REDUCE profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Momentum (26) would have the largest impact on the composite score.
EV/EBITDA 29% ABOVE SECTOR MEDIAN
ROE 10% BELOW SECTOR MEDIAN
Gross Margin 21% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
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American Assets Trust, Inc. has acquired Genesee Park, a 192-unit apartment community in San Diego, California. The acquisition presents an opportunity to enhance the property's value through strategic asset management initiatives.
American Assets Trust (NYSE:AAT) reported fourth-quarter and full-year 2025 results that management described as a “reset” year, reflecting known offsets such as the roll-off of one-time revenue items and the end of capitalized interest on certain projects. President and CEO Adam Wyll said the compa
Investors need to pay close attention to American Assets Trust (AAT) stock based on the movements in the options market lately.
American Assets Trust (AAT) delivered FFO and revenue surprises of 5.97% and 4.05%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?