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| 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 |