0.46%
-6.73%
-9.12%
-7.65%
9.20%
-31.91%
-46.24%
AI Spotlight on AAT
Company Description
American Assets Trust, Inc.is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California.The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.
The company's office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet.In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 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.
Market Data
| Last Price | 24.49 |
| Change Percentage | 0.46% |
| Open | 24.25 |
| Previous Close | 24.38 |
| Market Cap ( Millions) | 1492 |
| Volume | 57789 |
| Year High | 29.15 |
| Year Low | 20.03 |
| M A 50 | 26.42 |
| M A 200 | 24.9 |
Financial Ratios
| FCF Yield | 9.08% |
| Dividend Yield | 5.47% |
| ROE | 4.88% |
| Debt / Equity | 179.58% |
| Net Debt / EBIDTA | 631.04% |
| Price To Book | 1.25 |
| Price Earnings Ratio | 25.34 |
| Price To FCF | 11.01 |
| Price To sales | 3.26 |
| EV / EBITDA | 12.2 |
News
- Jan -21 - American Assets Trust, Inc. Releases Tax Status of 2024 Distributions
- Jan -21 - Is the Options Market Predicting a Spike in American Assets Trust (AAT) Stock?
- Jan -08 - American Assets Trust, Inc. Announces Fourth Quarter and Year-End 2024 Earnings Release Date and Conference Call Information
- Dec -20 - Tap These 5 Bargain Stocks With Impressive EV-to-EBITDA Ratio
- Dec -08 - Goldilocks Data Upholds Fed Cut
- Dec -06 - 5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up Now
- Dec -04 - American Assets Trust: A Quality Small-Cap REIT No One Is Talking About
- Nov -25 - The State Of REITs: November 2024 Edition
- Nov -20 - Are Finance Stocks Lagging American Assets Trust (AAT) This Year?
- Nov -05 - New Strong Buy Stocks for November 5th
- Nov -05 - Best Value Stocks to Buy for November 5th
- Nov -05 - Best Income Stocks to Buy for November 5th
- Nov -01 - Best Income Stocks to Buy for November 1st
- Nov -01 - New Strong Buy Stocks for November 1st
- Oct -30 - American Assets Trust, Inc. (AAT) Q3 2024 Earnings Call Transcript
- Oct -29 - American Assets Trust (AAT) Q3 FFO and Revenues Surpass Estimates
- Oct -29 - American Assets Trust, Inc. Reports Third Quarter 2024 Financial Results
- Oct -18 - October's 5 Dividend Growth Stocks With 5.10%+ Yields
- Oct -03 - 2 Under-The-Radar REITs Retirees Should Get Familiar With
- Oct -01 - American Assets Trust, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call Information
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Office
Expected Growth : 1.8 %
What the company do ?
The Office segment of American Assets Trust, Inc. acquires, owns, and operates office properties, providing leasing and property management services.
Why we expect these perspectives ?
American Assets Trust's 1.8% office segment growth is driven by strong demand in coastal markets, particularly in California and Washington. The company's focus on high-quality, amenity-rich properties and strategic leasing efforts have contributed to increased occupancy rates and rental growth. Additionally, the ongoing shift towards experiential office spaces and the growth of the tech industry have supported the segment's expansion.
Segment n°2 -> Retail
Expected Growth : 1.5 %
What the company do ?
Retail from American Assets Trust, Inc. refers to the company's retail properties, including shopping centers and retail spaces, generating revenue through rent and leases.
Why we expect these perspectives ?
American Assets Trust's retail segment growth of 1.5% is driven by increasing demand for experiential retail, strategic leasing efforts, and a strong tenant mix. Additionally, the company's focus on high-quality, grocery-anchored centers and its presence in affluent demographics contribute to its growth. Furthermore, the implementation of omnichannel retailing and investment in technology also support the segment's growth.
Segment n°3 -> Mixed-Use
Expected Growth : 1.9 %
What the company do ?
Mixed-Use from American Assets Trust, Inc. refers to a development that combines residential, office, retail, and/or hotel spaces in a single project, enhancing live-work-play experiences.
Why we expect these perspectives ?
American Assets Trust's Mixed-Use segment growth of 1.9% is driven by increasing demand for live-work-play environments, rising urbanization, and growing e-commerce penetration, leading to higher retail and office occupancy rates. Additionally, the segment benefits from a diversified tenant base, strategic property locations, and effective cost management.
Segment n°4 -> Multifamily
Expected Growth : 2.1 %
What the company do ?
Multifamily from American Assets Trust, Inc. refers to a segment of rental apartments and residential communities, offering luxury living experiences in prime locations.
Why we expect these perspectives ?
American Assets Trust's multifamily segment growth of 2.1% is driven by increasing demand for rental housing, particularly in coastal markets, coupled with a strong job market and rising wages. Additionally, the company's strategic focus on value-add opportunities, renovations, and operational efficiencies has contributed to the growth.
American Assets Trust, Inc. Products
| Product Range | What is it ? |
|---|---|
| Office Properties | American Assets Trust, Inc. owns and operates a portfolio of high-quality office properties, providing tenants with modern and amenity-rich workspaces. |
| Retail Properties | The company's retail properties offer a diverse range of shopping and dining experiences, with a focus on convenience, accessibility, and community engagement. |
| Multifamily Properties | American Assets Trust, Inc. develops and manages a portfolio of luxury multifamily communities, offering residents upscale amenities and convenient locations. |
| Mixed-Use Properties | The company's mixed-use properties combine office, retail, and residential spaces, creating vibrant and dynamic communities. |
| Hotel Properties | American Assets Trust, Inc. owns and operates a select portfolio of high-quality hotels, offering guests exceptional service and amenities. |
American Assets Trust, Inc.'s Porter Forces
Threat Of Substitutes
American Assets Trust, Inc. operates in a competitive industry, but its diversified portfolio and strong brand recognition mitigate the threat of substitutes.
Bargaining Power Of Customers
American Assets Trust, Inc.'s customers have limited bargaining power due to the company's strong market position and diversified tenant base.
Bargaining Power Of Suppliers
American Assets Trust, Inc. has a moderate level of dependence on its suppliers, but its scale and diversified portfolio mitigate the bargaining power of suppliers.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the real estate industry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The real estate industry is highly competitive, and American Assets Trust, Inc. faces intense rivalry from other REITs and real estate companies.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 60.21% |
| Debt Cost | 3.95% |
| Equity Weight | 39.79% |
| Equity Cost | 10.50% |
| WACC | 6.55% |
| Leverage | 151.34% |
American Assets Trust, Inc. : Quality Control
American Assets Trust, Inc. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| SQFT | The Company is an internally managed, diversified REIT (formerly named NetREIT). The Company acquires, owns and manages a geographically diversified portfolio of real estate assets including office, industrial, retail and … |
| GOOD | Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through September 2020, … |
| OLP | One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, … |
| UE | Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan … |
| CTO | CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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