American Assets Trust, Inc. (AAT) stock
AATNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 8/304% above fair value
$21.70+0.20 (+0.93%)
Close on Nov 13, 2026Market cap $1.33BP/E 62.0Yield 6.27%
American Assets Trust operating margin
Operating margin is operating income as a percentage of revenue.
American Assets Trust's operating margin for the twelve months ending Sep 30, 2026 was 23.6%. For fiscal 2025 it was 33.5%, against 28.2% the year before. The highest annual figure on record is 44.2% in fiscal 2009.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 33.5% | +5.2 |
| FY2024 | Dec 31, 2024 | 28.2% | +0.6 |
| FY2023 | Dec 31, 2023 | 27.6% | +0.5 |
| FY2022 | Dec 31, 2022 | 27.1% | +0.6 |
| FY2021 | Dec 31, 2021 | 26.6% | +0.9 |
| FY2020 | Dec 31, 2020 | 25.7% | −5.3 |
| FY2019 | Dec 31, 2019 | 31.0% | +7.0 |
| FY2018 | Dec 31, 2018 | 24.0% | −5.7 |
| FY2017 | Dec 31, 2017 | 29.7% | −3.5 |
| FY2016 | Dec 31, 2016 | 33.2% | −1.0 |
| FY2015 | Dec 31, 2015 | 34.2% | +2.0 |
| FY2014 | Dec 31, 2014 | 32.2% | +0.4 |
| FY2013 | Dec 31, 2013 | 31.8% | +1.3 |
| FY2012 | Dec 31, 2012 | 30.5% | +2.8 |
| FY2011 | Dec 31, 2011 | 27.8% | −8.2 |
| FY2010 | Dec 31, 2010 | 36.0% | −8.2 |
| FY2009 | Dec 31, 2009 | 44.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 25.8% | +3.2 |
| Q2 FY2026 | Jun 30, 2026 | 24.0% | −0.0 |
| Q1 FY2026 | Mar 31, 2026 | 23.4% | −42.9 |
| Q4 FY2025 | Dec 31, 2025 | 21.1% | −5.4 |
| Q3 FY2025 | Sep 30, 2025 | 22.6% | −8.2 |
| Q2 FY2025 | Jun 30, 2025 | 24.1% | −3.7 |
| Q1 FY2025 | Mar 31, 2025 | 66.3% | +38.7 |
| Q4 FY2024 | Dec 31, 2024 | 26.5% | +0.3 |
| Q3 FY2024 | Sep 30, 2024 | 30.8% | +2.8 |
| Q2 FY2024 | Jun 30, 2024 | 27.8% | −0.9 |
| Q1 FY2024 | Mar 31, 2024 | 27.6% | +0.0 |
| Q4 FY2023 | Dec 31, 2023 | 26.1% | +0.6 |
| Q3 FY2023 | Sep 30, 2023 | 28.0% | +0.1 |
| Q2 FY2023 | Jun 30, 2023 | 28.7% | +1.5 |
| Q1 FY2023 | Mar 31, 2023 | 27.6% | −0.4 |
| Q4 FY2022 | Dec 31, 2022 | 25.5% | +0.3 |
| Q3 FY2022 | Sep 30, 2022 | 27.9% | −0.2 |
| Q2 FY2022 | Jun 30, 2022 | 27.2% | −1.6 |
| Q1 FY2022 | Mar 31, 2022 | 27.9% | +4.0 |
| Q4 FY2021 | Dec 31, 2021 | 25.3% | +5.1 |
| Q3 FY2021 | Sep 30, 2021 | 28.2% | +4.1 |
| Q2 FY2021 | Jun 30, 2021 | 28.8% | +0.8 |
| Q1 FY2021 | Mar 31, 2021 | 23.9% | −5.9 |
| Q4 FY2020 | Dec 31, 2020 | 20.2% | −10.1 |
| Q3 FY2020 | Sep 30, 2020 | 24.1% | −6.8 |
| Q2 FY2020 | Jun 30, 2020 | 28.0% | −1.1 |
| Q1 FY2020 | Mar 31, 2020 | 29.8% | −4.0 |
| Q4 FY2019 | Dec 31, 2019 | 30.3% | +3.6 |
| Q3 FY2019 | Sep 30, 2019 | 30.9% | −2.2 |
| Q2 FY2019 | Jun 30, 2019 | 29.1% | +8.8 |
| Q1 FY2019 | Mar 31, 2019 | 33.8% | +17.8 |
| Q4 FY2018 | Dec 31, 2018 | 26.7% | −2.4 |
| Q3 FY2018 | Sep 30, 2018 | 33.1% | +0.9 |
| Q2 FY2018 | Jun 30, 2018 | 20.3% | −5.7 |
| Q1 FY2018 | Mar 31, 2018 | 16.0% | −15.6 |
| Q4 FY2017 | Dec 31, 2017 | 29.1% | −3.7 |
| Q3 FY2017 | Sep 30, 2017 | 32.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 26.0% | – |
| Q1 FY2017 | Mar 31, 2017 | 31.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 32.8% | – |
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