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American Assets Trust, Inc. (AAT)

Real Estate | REIT - Diversified | San Diego, United States | NYSE
22.50 USD -0.24 (-1.055%) ⇩ (Aug. 27, 2026, 4 p.m. EDT)
After hours: 22.50

Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take | Aug. 22, 2026, 3:17 a.m. EDT

American Assets Trust presents a classic value trap scenario where income appeal masks deteriorating business quality. While the 5.96% dividend yield is attractive, the payout ratio of 453% is a glaring red flag, suggesting the company is distributing far more than it earns, likely eroding its book value to maintain the payout. Fundamentally, the stock is a value trap: it trades at a rich 76x trailing P/E despite negative earnings growth and a massive 54% decline over the last nine years. The price action confirms this structural weakness, with the stock down significantly from its 2024 highs and failing to recover despite record rental rates. The options market reflects this pessimism, with almost no speculative call buying and heavy hedging via out-of-the-money puts. While the recent dip might tempt income-focused investors, the combination of unsustainable payouts, poor earnings trajectory, and a multi-year price collapse makes this a risky hold rather than a compelling buy.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.039799
AutoETS0.039911
MSTL0.040195
AutoTheta0.042277

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 55%
H-stat 0.89
Ljung-Box p 0.000
Jarque-Bera p 0.107
Excess Kurtosis 0.14
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-09-02
Last Dividend Date 2026-06-03
Debt to Equity Ratio 161.778
Revenue per Share 7.18
Market Cap 1,745,380,608
Trailing P/E 75.00
Forward P/E 31.25
Beta 0.98
Profit Margins 4.13%
Website https://www.americanassetstrust.com

As of Aug. 22, 2026, 3:17 a.m. EDT: Speculator positioning is extremely muted across all expirations, indicating a lack of strong directional conviction. Call volume and open interest are negligible compared to put activity, which is concentrated in deep out-of-the-money strikes. This suggests traders are hedging against downside risks rather than betting on a significant rally, reflecting the stock's recent underperformance and stagnant fundamentals.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.42% 6.61% 6.24% 5.52%
Dividend History
Date Dividend Yield %
2026-06-04 0.340 1.424979
2026-03-05 0.340 1.734694
2025-12-04 0.340 1.800848
2025-09-04 0.340 1.650485
2025-06-05 0.340 1.732043
2025-03-06 0.340 1.589528
2024-12-05 0.335 1.203737
2024-09-05 0.335 1.290944
2024-06-06 0.335 1.546630
2024-03-06 0.335 1.610577
2023-12-06 0.330 1.558074
2023-09-06 0.330 1.586539
2023-06-07 0.330 1.619235
2023-03-08 0.330 1.466667
2022-12-07 0.320 1.186064
2022-09-07 0.320 1.157324
2022-06-08 0.320 1.005973
2022-03-09 0.320 0.875992
2021-12-08 0.300 0.821693
2021-09-08 0.300 0.752257
2021-06-09 0.280 0.725953
2021-03-10 0.280 0.803674
2020-12-09 0.250 0.849762
2020-09-09 0.250 0.988142
2020-06-10 0.200 0.647459
2020-03-11 0.300 0.841751
2019-12-11 0.300 0.647249
2019-09-11 0.280 0.598163
2019-06-12 0.280 0.620705
2019-03-13 0.280 0.606061
2018-12-12 0.280 0.680603
2018-09-12 0.270 0.696235
2018-06-13 0.270 0.731113
2018-03-14 0.270 0.816697
2017-12-06 0.270 0.703675
2017-09-13 0.260 0.641817
2017-06-13 0.260 0.634301
2017-03-14 0.260 0.623950
2016-12-06 0.260 0.647572
2016-09-13 0.250 0.593542
2016-06-08 0.250 0.604157
2016-03-09 0.250 0.662076
2015-12-07 0.250 0.641026
2015-09-09 0.233 0.614452
2015-06-10 0.233 0.592272
2015-03-11 0.233 0.569682
2014-12-10 0.233 0.590771
2014-09-10 0.220 0.635287
2014-06-11 0.220 0.646488
2014-03-12 0.220 0.671961
2013-12-11 0.220 0.708763
2013-09-11 0.210 0.695825
2013-06-12 0.210 0.669216
2013-03-13 0.210 0.653798
2012-12-12 0.210 0.783290
2012-09-12 0.210 0.766703
2012-06-13 0.210 0.925110
2012-03-13 0.210 0.944245
2011-12-13 0.210 1.051577
2011-09-13 0.210 1.115242
2011-06-13 0.210 0.986379
2011-03-11 0.170 0.821256
Additional Data
dividendRate 1.36
dividendYield 5.98
exDividendDate 2026-09-03
trailingAnnualDividendRate 1.36
trailingAnnualDividendYield 0.05980651
lastDividendValue 0.34
lastDividendDate 2026-06-04
dividendDate 2026-09-17

Info Dump

Attribute Value
52 Week Change 0.07655501
Address1 3,420 Carmel Mountain Road
Address2 Suite 100
All Time High 49.26
All Time Low 16.04
Ask 23.85
Ask Size 300
Audit Risk 2
Average Daily Volume10 Day 395,470
Average Daily Volume3 Month 433,960
Average Volume 433,960
Average Volume10Days 395,470
Beta 0.979
Bid 22.49
Bid Size 1,000
Board Risk 9
Book Value 18.276
City San Diego
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 22.5
Current Ratio 0.62
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 22.94
Day Low 22.46
Debt To Equity 161.778
Display Name American Assets Trust
Dividend Date 1,789,603,200
Dividend Rate 1.36
Dividend Yield 5.98
Earnings Call Timestamp End 1,785,337,200
Earnings Call Timestamp Start 1,785,337,200
Earnings Growth -0.054
Earnings Quarterly Growth -0.052
Earnings Timestamp 1,785,268,800
Earnings Timestamp End 1,793,131,200
Earnings Timestamp Start 1,793,131,200
Ebitda 227,344,992
Ebitda Margins 0.52219003
Enterprise To Ebitda 12.79
Enterprise To Revenue 6.679
Enterprise Value 2,907,772,672
Eps Forward 0.72
Eps Trailing Twelve Months 0.3
Esg Populated 0
Ex Dividend Date 1,788,393,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 858 350 2620
Fifty Day Average 24.0032
Fifty Day Average Change -1.5032005
Fifty Day Average Change Percent -0.062625006
Fifty Two Week Change Percent 7.6555014
Fifty Two Week High 25.97
Fifty Two Week High Change -3.4699993
Fifty Two Week High Change Percent -0.13361569
Fifty Two Week Low 17.72
Fifty Two Week Low Change 4.7800007
Fifty Two Week Low Change Percent 0.26975173
Fifty Two Week Range 17.72 - 25.97
Financial Currency USD
First Trade Date Milliseconds 1,294,929,000,000
Five Year Avg Dividend Yield 5.41
Float Shares 51,248,570
Forward Eps 0.72
Forward P E 31.249998
Free Cashflow 98,077,376
Full Exchange Name NYSE
Full Time Employees 232
Fullday Change -0.24
Fullday Change Percent -1.05541
Fullday Price 22.5
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.61821
Gross Profits 269,148,992
Has Pre Post Market Data 1
Held Percent Insiders 0.01805
Held Percent Institutions 1.17333
Implied Shares Outstanding 77,572,473
Industry REIT - Diversified
Industry Disp REIT - Diversified
Industry Key reit-diversified
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,780,531,200
Last Dividend Value 0.34
Last Fiscal Year End 1,767,139,200
Long Business Summary American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nations most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. Its office portfolio comprises approximately 4.3 million rentable square feet, and its retail portfolio comprises approximately 2.4 million rentable square feet. In addition, the company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,302 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes. American Assets Trust, Inc. is headquartered in San Diego, California. American Assets Trust, Inc. was incorporated in 1967 in Maryland and based in San Diego, California.
Long Name American Assets Trust, Inc.
Market us_market
Market Cap 1,745,380,608
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_4368282
Most Recent Quarter 1,782,777,600
Net Income To Common 17,966,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,396,029,884
Number Of Analyst Opinions 2
Open 22.94
Operating Cashflow 168,559,008
Operating Margins 0.24256
Overall Risk 6
Payout Ratio 4.5333
Peg Ratio 9.34
Phone 858 350 2600
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 22.5
Post Market Time 1,787,873,855
Previous Close 22.74
Price Hint 2
Price To Book 1.2311229
Price To Sales Trailing12 Months 4.0089593
Profit Margins 0.04127
Quick Ratio 0.586
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.24
Regular Market Change Percent -1.05541
Regular Market Day High 22.94
Regular Market Day Low 22.46
Regular Market Day Range 22.46 - 22.94
Regular Market Open 22.94
Regular Market Previous Close 22.74
Regular Market Price 22.5
Regular Market Time 1,787,860,802
Regular Market Volume 591,662
Return On Assets 0.0214
Return On Equity 0.02164
Revenue Growth 0.014
Revenue Per Share 7.18
Sand P52 Week Change 0.1890428
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 9
Shares Outstanding 61,390,936
Shares Percent Shares Out 0.020299999
Shares Short 1,248,079
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 1,421,881
Short Name American Assets Trust, Inc.
Short Percent Of Float 0.0468
Short Ratio 3.1
Source Interval 15
State CA
Symbol AAT
Target High Price 24.0
Target Low Price 23.0
Target Mean Price 23.5
Target Median Price 23.5
Total Cash 110,962,000
Total Cash Per Share 1.807
Total Debt 1,705,272,064
Total Revenue 435,369,984
Tradeable 0
Trailing Annual Dividend Rate 1.36
Trailing Annual Dividend Yield 0.05980651
Trailing Eps 0.3
Trailing P E 75.0
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 20.8463
Two Hundred Day Average Change 1.6536999
Two Hundred Day Average Change Percent 0.07932822
Type Disp Equity
Volume 591,662
Website https://www.americanassetstrust.com
Zip 92,121-1069