AMERICAN ASSETS TRUST, INC.
At today's price, AMERICAN ASSETS TRUST, INC. (AAT) is priced for -1.2% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- On the lens that fits a property trust, funds from operations, the stock looks inexpensive. At about 13 times adjusted funds from operations the price implies the trust merely lets cash earnings drift down about 1.8% a year, and it trades in the lower half of its REIT peer group on price-to-funds-from-operations. - The portfolio is a diversified West Coast collection, roughly half office, the rest retail, multifamily, and mixed-use. The office weight is both the source of the discount and the
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224 institutional managers reported holding AAT in 13F filings for the quarter ended 2026-03-31. Together they hold about 74% of the company; the top 10 hold 50%. 28 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 1.6M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AAT's share count grew 1.2% over the past five years. It pays a dividend, and has paid one every year in our records (15 and counting), raised 5 years straight; the current rate is $1.36 a share annually. Cash returned over the past three years: $285.81M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AAT over the trailing three years: 2026: 14 buys totaling $10.38M. 8 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AAT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-29 | +0.4% | -13.2% |
| 2023-10-28 | -0.5% | +27.1% |
| 2024-02-15 | -0.3% | -6.5% |
| 2024-05-04 | -1.2% | +1.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AAT's latest 8-K filings: 2026-06-03 (items 7.01); 2026-06-01 (items 5.07); 2026-05-11 (items 1.01, 3.03, 9.01); 2026-04-28 (items 2.02, 7.01, 9.01); 2026-04-01 (items 1.01, 2.03, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.