AAT
Hot AirAmerican Assets Trust, Inc. · Real Estate · United States · $1.7B cap · $8.6M/day traded
$21.49 -0.3% · close 11 Nov · scored 12 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 12 Nov 2026, the MoatMap Score for American Assets Trust, Inc. (AAT) is 54/100, ranked against 25,000+ stocks in 38 markets (Quality 44, Value 40, Momentum 65, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT AMERICAN ASSETS TRUST, INC.
Read
American Assets Trust, Inc. is a real estate investment trust (REIT) focused on acquiring, developing, and managing high-quality retail, office, and multifamily properties in attractive West Coast markets. It operates as a niche REIT with a portfolio concentrated in supply-constrained coastal markets, emphasizing desirable locations and high-barrier-to-entry assets. The company primarily focuses on properties in Southern California, Northern California, and Hawaii, offering a diversified revenue stream from a mix of property types.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 422.6M | 441.2M | 457.9M | 436.2M | 1.1% | 440.0M | 442.6M | 459.3M | 2.6% |
| EPS | 0.72 | 0.84 | 0.94 | 0.92 | 8.5% | 0.35 | 0.35 | 0.37 | -36.6% |
| Shares | 60.7M | 60.9M | 61.1M | 61.4M | +1.1% | 61.4M | — | — | — |
| Debt | 1.7B | 1.7B | 2.0B | 1.7B | 0.6% | 1.7B | — | — | — |
| Equity | 1.2B | 1.2B | 1.2B | 1.2B | -2.0% | — | — | — | — |
| Op CF | 179.1M | 188.8M | 207.1M | 167.1M | -2.3% | 170.4M | — | — | — |
| Inv CF | -166.3M | -89.9M | -77.4M | -30.5M | — | — | — | — | — |
| Fin CF | -102.7M | -65.5M | 213.1M | -432.9M | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 88% of stocks we rank over the past year (volatility 22% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of AAT are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| AAT | American Assets Trust, Inc.(you) | $1.7B | 54 |
| GNL | Global Net Lease, Inc. | $1.7B | 42 |
| ESRT | Empire State Realty Trust, Inc. | $1.5B | 42 |
| CTO | CTO Realty Growth, Inc. | $741M | 60 |
| OLP | One Liberty Properties, Inc. | $489M | 51 |
| FVR | FrontView REIT, Inc. | $536M | 47 |
| GOOD | Gladstone Commercial Corporation | $586M | 41 |
| AHRT | AH REALTY TRUST INC | $585M | 67 |
| BNL | Broadstone Net Lease, Inc. | $3.7B | 35 |
| SAFE | Safehold Inc. | $795M | 33 |
Peer medians: ROE 4.3% · P/E 23.9x · Gross margin 65.7%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.