American Assets Trust (AAT) EBITDA (2010 - 2025)
American Assets Trust (AAT) reported EBITDA of $2.7 million for Q4 2025, down 77.46% on a YoY basis from $11.9 million in Q4 2024, and down 46.56% quarter-over-quarter from $5.0 million in Q3 2025.
American Assets Trust (AAT) EBITDA (2010 - 2025) Analysis & Trends
American Assets Trust has reported EBITDA for 16 years, with the latest figure at $2.7 million in Q4 2025.
- For the quarter ending Q4 2025, EBITDA fell 77.46% year-over-year to $2.7 million; the trailing twelve-month figure through Dec 2025 stood at $65.2 million (up 15.38% YoY), and the FY2025 full-year result was $53.2 million, down 22.22% from the prior year.
- EBITDA for Q4 2025 stood at $2.7 million, down from $5.0 million in the prior quarter.
- The five-year high for EBITDA was $52.7 million in Q1 2025, with the low at $1.6 million in Q1 2021.
- Historically, EBITDA has averaged $13.8 million across 5 years, with a median of $12.6 million in 2023.
- Annual changes were most pronounced in 2022 — EBITDA surged 826.42% — and 2025, when it plunged 77.46%.
- American Assets Trust's EBITDA stood at $3.3 million in 2021, then surged by 556.63% to $21.7 million in 2022, then sank by 59.86% to $8.7 million in 2023, then surged by 37.17% to $11.9 million in 2024, then sank by 77.46% to $2.7 million in 2025.
- The last three EBITDA figures came in at $2.7 million (Q4 2025), $5.0 million (Q3 2025), and $4.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.26 Bn | 28.78 Bn | 1.01 Bn | 883.75 Mn |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | 49.01 Mn |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | 2.69 Mn |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | 25.55 Mn |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | 29.46 Mn |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | 12.51 Mn |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 10.29 Mn |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | 9.70 Mn |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | -23.01 Mn |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 Mn | - | 13.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.69 Mn |
| Sep 30, 2025 | 5.04 Mn |
| Jun 30, 2025 | 4.85 Mn |
| Mar 31, 2025 | 52.66 Mn |
| Dec 31, 2024 | 11.95 Mn |
| Sep 30, 2024 | 12.77 Mn |
| Jun 30, 2024 | 11.35 Mn |
| Mar 31, 2024 | 20.48 Mn |
| Dec 31, 2023 | 8.71 Mn |
| Sep 30, 2023 | 12.49 Mn |
| Jun 30, 2023 | 15.53 Mn |
| Mar 31, 2023 | 13.87 Mn |
| Dec 31, 2022 | 21.70 Mn |
| Sep 30, 2022 | 20.30 Mn |
| Jun 30, 2022 | 16.63 Mn |
| Mar 31, 2022 | 14.87 Mn |
| Dec 31, 2021 | 3.30 Mn |
| Sep 30, 2021 | 13.06 Mn |
| Jun 30, 2021 | 11.69 Mn |
| Mar 31, 2021 | 1.61 Mn |