American Assets Trust (AAT) Construction in Progress (2010 - 2025)

American Assets Trust (AAT) reported Construction in Progress of $68.9 million for Q4 2025, down 61.02% on a YoY basis from $176.9 million in Q4 2024, and down 6.5% quarter-over-quarter from $73.7 million in Q3 2025.

American Assets Trust (AAT) Construction in Progress (2010 - 2025) Analysis & Trends

American Assets Trust has reported Construction in Progress for 16 years, with the latest figure at $68.9 million in Q4 2025.

  • For the quarter ending Q4 2025, Construction in Progress fell 61.02% year-over-year to $68.9 million; the trailing twelve-month figure through Dec 2025 stood at $68.9 million (down 61.02% YoY), and the FY2025 full-year result was $68.9 million, down 61.02% from the prior year.
  • Construction in Progress for Q4 2025 stood at $68.9 million, down from $73.7 million in the prior quarter.
  • The five-year high for Construction in Progress was $245.0 million in Q2 2024, with the low at $68.1 million in Q2 2025.
  • Historically, Construction in Progress has averaged $168.2 million across 5 years, with a median of $181.0 million in 2024.
  • Annual changes were most pronounced in 2022 — Construction in Progress jumped 71.04% — and 2025, when it plunged 72.22%.
  • American Assets Trust's Construction in Progress stood at $139.1 million in 2021, then surged by 45.5% to $202.4 million in 2022, then grew by 17.84% to $238.5 million in 2023, then dropped by 25.84% to $176.9 million in 2024, then sank by 61.02% to $68.9 million in 2025.
  • The last three Construction in Progress figures came in at $68.9 million (Q4 2025), $73.7 million (Q3 2025), and $68.1 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Construction in Progress (Qtr)
1 Vici Properties 29.26 Bn 28.78 Bn 1.01 Bn -
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - -
3 American Assets Trust 1.46 Bn 1.40 Bn - 68.94 Mn
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn -
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - 8.19 Mn
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - 186.58 Mn
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 4.91 Mn
8 Gladstone Commercial 608.72 Mn 778.76 Mn - -
9 AH Realty Trust 540.92 Mn 723.25 Mn - 16.57 Mn
10 One Liberty Properties 510.56 Mn 490.30 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