American Assets Trust (AAT)
NYSEReal EstateReit - DiversifiedSnapshot 2026-11-05
$21.68-1.86%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - DiversifiedSnapshot 2026-11-05
QuarterlyIQ Insights · AAT
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 11.1% |
| Our one-year growth estimate | diamond | 2.9% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the US dollar and the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 8.2 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 12 industry peers · Company calendar date is not available
AAT — earnings in line
Dated 2026-07-28
Results of Operations and Financial Condition. On July 28, 2026, American Assets Trust, Inc. (the “Company”) issued a press release regarding its financial results for the quarter ending June 30, 2026. Also on July 28, 2026, the Company made available on the “Investors” page of its website at www.americanassetstrust.com certain supplemental information concerning the Company’s financial results and operations for the quarter ending June 30, 2026. Copies of the press release and supplemental i…
Why it matters: NOI growth was flat in Q1 and 0.3% in Q2, then rose 8.3% in Q3. Another gain would show that growth is lasting.
Supportive ifQ4 same-store cash NOI rises at least 2.3% year over year, matching the nine-month 2026 growth rate.
Worry ifQ4 same-store cash NOI is flat or falls year over year.
Why it matters: Office space was 85.8% leased in Q3, below retail at 98.3%. More filled space could support rent income.
Supportive ifOffice occupancy tops 85.8% in the next reported quarter.
Worry ifOffice occupancy falls below 84.4%, its Q2 2026 level.
Why it matters: AAT has kept its dividend at $0.34 per share and declared that amount for Q4. A cut would break this record.
Worry ifAAT pays the declared $0.34 per share dividend on December 17, 2026.
Less concerning ifAAT cuts or cancels the declared Q4 dividend before the December 17 payment date.
Why it matters: Office leases raised cash rent by 2.1% in Q3, down from 9.1% in Q2. A negative spread would mean new leases bring in less cash rent.
Worry ifComparable office leases show cash rent growth below 0% in the next reported quarter.
Less concerning ifComparable office leases keep cash rent growth at or above 2.1%.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$78 on $10,000 · ±0.8% | How much price usually moves either way. |
| Bad day | $234 loss on $10,000 · 2.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,081 loss on $10,000 · 20.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: AAT raised its 2026 FFO range in Q3. Results below the new low end would undo that step up.
Worry ifFinal 2026 FFO per share is at least $2.04, the low end of the Q3 guidance range.
Less concerning ifAAT cuts its 2026 FFO guidance below $2.04 per share or reports final FFO below that level.