American Assets Trust (AAT) EV to CFO (2011 - 2025)
American Assets Trust's (AAT) quarterly EV to CFO came in at 23.98 in Q4 2025, down 13.6% on a YoY basis from 27.75 in Q4 2024, and down 7.39% quarter-over-quarter from 25.89 in Q3 2025.
Analysis
American Assets Trust (AAT) EV to CFO (2011 - 2025) Analysis & Trends
American Assets Trust (AAT) has reported EV to CFO for 15 consecutive years, with 23.98 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, EV to CFO fell 13.6% year-over-year to 23.98; the trailing twelve-month figure through Dec 2025 stood at 5.82 (up 6.89% YoY), and the FY2025 full-year result was 5.82, up 6.89% from the prior year.
- EV to CFO declined to 23.98 in Q4 2025 per AAT's latest filing, from 25.89 in the prior quarter.
- Across five years, EV to CFO topped out at 55.91 in Q1 2022 and bottomed at 19.31 in Q1 2023.
- Historically, EV to CFO has averaged 31.29 across 5 years, with a median of 27.19 in 2022.
- The sharpest annual moves came in 2022 and 2023: EV to CFO jumped 52.49% in 2022, then tumbled 65.47% in 2023.
- Over 5 years, EV to CFO stood at 54.34 in 2021, then slipped by 26.58% to 39.89 in 2022, then slipped by 19.78% to 32.0 in 2023, then slipped by 13.29% to 27.75 in 2024, then dropped by 13.6% to 23.98 in 2025.
- According to Business Quant data, EV to CFO over the past three periods registered 23.98, 25.89, and 20.61 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Brookfield Property Partners | 15.48 Bn | 13.99 Bn | - |
| 2 | Alexandria Real Estate Equities | 8.61 Bn | 7.50 Bn | - |
| 3 | Cousins Properties | 4.59 Bn | 4.59 Bn | 183.86 Mn |
| 4 | Kilroy Realty | 4.11 Bn | 4.11 Bn | 212.24 Mn |
| 5 | Copt Defense Properties | 3.97 Bn | 3.97 Bn | 191.37 Mn |
| 6 | Sl Green Realty | 3.71 Bn | 3.71 Bn | 263.98 Mn |
| 7 | Highwoods Properties | 3.33 Bn | 2.99 Bn | - |
| 8 | Douglas Emmett | 1.81 Bn | 1.45 Bn | 178.95 Mn |
| 9 | Alexanders | 1.32 Bn | 1.01 Bn | - |
| 10 | American Assets Trust | 1.31 Bn | 1.31 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 23.98 |
| Sep 30, 2025 | 25.89 |
| Jun 30, 2025 | 20.61 |
| Mar 31, 2025 | 28.23 |
| Dec 31, 2024 | 27.75 |
| Sep 30, 2024 | 19.94 |
| Jun 30, 2024 | 20.26 |
| Mar 31, 2024 | 21.74 |
| Dec 31, 2023 | 32.00 |
| Sep 30, 2023 | 20.27 |
| Jun 30, 2023 | 22.58 |
| Mar 31, 2023 | 19.31 |
| Dec 31, 2022 | 39.89 |
| Sep 30, 2022 | 26.63 |
| Jun 30, 2022 | 36.34 |
| Mar 31, 2022 | 55.91 |
| Dec 31, 2021 | 54.34 |
| Sep 30, 2021 | 39.01 |
| Jun 30, 2021 | 54.41 |
| Mar 31, 2021 | 36.67 |