American Assets Trust (AAT) Construction in Progress (2010 - 2025)
American Assets Trust (AAT) posted Construction in Progress of $68.9 million for Q4 2025, down 6.5% on a QoQ basis from $73.7 million in Q3 2025, and down 61.02% year-over-year from $176.9 million in Q4 2024.
American Assets Trust (AAT) Construction in Progress (2010 - 2025) Analysis & Trends
American Assets Trust's Construction in Progress history runs 16 years deep, the most recent figure standing at $68.9 million for Q4 2025.
- Quarterly Construction in Progress fell 61.02% year-over-year to $68.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $68.9 million (down 61.02% YoY) and the FY2025 annual result came in at $68.9 million, down 61.02% from the prior year.
- Construction in Progress was $68.9 million for Q4 2025 at American Assets Trust, down from $73.7 million in the prior quarter.
- Across five years, Construction in Progress topped out at $245.0 million in Q2 2024 and bottomed at $68.1 million in Q2 2025.
- A 5-year average of $168.2 million and a median of $181.0 million in 2024 frame the typical range for Construction in Progress.
- Annual changes were most pronounced in 2022 — Construction in Progress jumped 71.04% — and 2025, when it tumbled 72.22%.
- American Assets Trust's Construction in Progress stood at $139.1 million in 2021, then jumped by 45.5% to $202.4 million in 2022, then rose by 17.84% to $238.5 million in 2023, then fell by 25.84% to $176.9 million in 2024, then tumbled by 61.02% to $68.9 million in 2025.
- Business Quant data shows AAT's Construction in Progress at $68.9 million in Q4 2025, $73.7 million in Q3 2025, and $68.1 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn | - |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | - |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | - |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | 68.94 Mn |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | - |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | 8.19 Mn |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | 12.02 Mn |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | 186.58 Mn |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 4.91 Mn |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 68.94 Mn |
| Sep 30, 2025 | 73.73 Mn |
| Jun 30, 2025 | 68.07 Mn |
| Mar 31, 2025 | 185.20 Mn |
| Dec 31, 2024 | 176.87 Mn |
| Sep 30, 2024 | 205.69 Mn |
| Jun 30, 2024 | 245.00 Mn |
| Mar 31, 2024 | 235.72 Mn |
| Dec 31, 2023 | 238.48 Mn |
| Sep 30, 2023 | 233.72 Mn |
| Jun 30, 2023 | 220.91 Mn |
| Mar 31, 2023 | 214.69 Mn |
| Dec 31, 2022 | 202.39 Mn |
| Sep 30, 2022 | 194.80 Mn |
| Jun 30, 2022 | 176.58 Mn |
| Mar 31, 2022 | 159.07 Mn |
| Dec 31, 2021 | 139.10 Mn |
| Sep 30, 2021 | 117.07 Mn |
| Jun 30, 2021 | 115.55 Mn |
| Mar 31, 2021 | 93.00 Mn |