Financials American Assets Trust, Inc.

Equities

AAT

US0240131047

Commercial REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
21.23 USD -0.05% Intraday chart for American Assets Trust, Inc. +1.14% -5.69%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,752 1,741 2,270 1,604 1,371 1,293 - -
Enterprise Value (EV) 1 4,010 3,010 3,779 1,604 2,978 2,939 2,944 2,929
P/E ratio 54.6 x 62.8 x 79.9 x 36.8 x 26.8 x 32.2 x 36 x 25.6 x
Yield 2.48% 3.46% 3.09% - 5.86% 6.92% 6.99% 8.05%
Capitalization / Revenue 7.5 x 5.05 x 6.04 x 3.8 x 3.11 x 2.92 x 2.8 x 2.75 x
EV / Revenue 10.9 x 8.74 x 10.1 x 3.8 x 6.75 x 6.64 x 6.39 x 6.22 x
EV / EBITDA 19.1 x 15.3 x 17.5 x 6.74 x 12.3 x 11.8 x 11.7 x 11.6 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.1 x 1.37 x 1.83 x - 1.43 x 1.42 x 1.49 x 1.55 x
Nbr of stocks (in thousands) 59,957 60,283 60,472 60,528 60,896 60,894 - -
Reference price 2 45.90 28.88 37.53 26.50 22.51 21.23 21.23 21.23
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 366.7 344.6 375.8 422.6 441.2 442.9 461 470.8
EBITDA 1 209.9 196.9 216.2 238.1 241.2 248.3 252.4 253
EBIT 1 113.7 88.58 99.87 114.7 121.7 131.9 131.5 139
Operating Margin 31% 25.71% 26.57% 27.15% 27.6% 29.78% 28.53% 29.51%
Earnings before Tax (EBT) - - - - - - - -
Net income 1 45.72 27.66 28.38 43.51 50.38 46.29 36.33 -
Net margin 12.47% 8.03% 7.55% 10.29% 11.42% 10.45% 7.88% -
EPS 2 0.8400 0.4600 0.4700 0.7200 0.8400 0.6600 0.5900 0.8300
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.140 1.000 1.160 - 1.320 1.470 1.483 1.710
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 98.29 101.7 101.5 104.2 111 106 107.8 109.7 111.2 112.5 110.5 110.7 112.2 112.6 117.4
EBITDA 1 58.35 56.19 58.75 59.4 62.73 57.18 59.62 61.32 61.01 59.31 68.67 60.62 61.61 60.65 60.95
EBIT 1 27.67 25.72 28.34 28.32 31 27.07 29.72 31.49 31.14 29.4 44.76 32.66 32.7 32.96 -
Operating Margin 28.15% 25.27% 27.93% 27.19% 27.92% 25.54% 27.58% 28.7% 28% 26.13% 40.5% 29.5% 29.16% 29.26% -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1 10.04 8.137 10.52 10.58 12.77 9.629 16.14 11.98 11.78 10.48 18.21 9.789 9.985 8.309 9.106
Net margin 10.22% 8% 10.37% 10.16% 11.5% 9.08% 14.97% 10.92% 10.59% 9.32% 16.48% 8.84% 8.9% 7.38% 7.76%
EPS 2 0.1700 0.1400 0.1800 0.1800 0.2100 0.1600 0.2700 0.2000 0.2000 0.1700 0.2700 0.1300 0.1350 0.1300 0.1700
Dividend per Share 2 0.3000 0.3000 0.3200 0.3200 0.3200 - - 0.3300 0.3300 0.3300 0.3400 0.3400 0.3400 0.3400 0.3500
Announcement Date 10/26/21 2/8/22 4/26/22 7/26/22 10/25/22 2/7/23 4/25/23 7/25/23 10/24/23 2/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,258 1,269 1,510 - 1,607 1,646 1,651 1,636
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.995 x 6.448 x 6.984 x - 6.66 x 6.628 x 6.541 x 6.467 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 4.26% 2.14% 2.26% - 4.17% 4.43% 4.97% 5.91%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 21.90 21.00 20.50 - 15.70 14.90 14.30 13.70
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
21.23 USD
Average target price
20.67 USD
Spread / Average Target
-2.65%
Consensus
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