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
DateValue
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