American Assets Trust (AAT) EV to FCF (2011 - 2025)
American Assets Trust's (AAT) quarterly EV to FCF came in at 26.87 in Q4 2025, down 48.8% on a YoY basis from 52.48 in Q4 2024, and up 3.8% quarter-over-quarter from 25.89 in Q3 2025.
Analysis
American Assets Trust (AAT) EV to FCF (2011 - 2025) Analysis & Trends
American Assets Trust (AAT) has reported EV to FCF for 15 consecutive years, with 26.87 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, EV to FCF fell 48.8% year-over-year to 26.87; the trailing twelve-month figure through Dec 2025 stood at 10.25 (up 24.47% YoY), and the FY2025 full-year result was 10.25, up 24.47% from the prior year.
- EV to FCF grew to 26.87 in Q4 2025 per AAT's latest filing, from 25.89 in the prior quarter.
- Across five years, EV to FCF topped out at 184.97 in Q2 2021 and bottomed at 363.74 in Q1 2022.
- Historically, EV to FCF has averaged 24.55 across 5 years, with a median of 36.96 in 2023.
- The widest YoY moves for EV to FCF: up 377.6% in 2022, down 826.59% in 2022.
- Over 5 years, EV to FCF stood at 54.34 in 2021, then soared by 120.51% to 119.81 in 2022, then tumbled by 48.36% to 61.87 in 2023, then slipped by 15.17% to 52.48 in 2024, then plunged by 48.8% to 26.87 in 2025.
- According to Business Quant data, EV to FCF over the past three periods registered 26.87, 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 | 26.87 |
| Sep 30, 2025 | 25.89 |
| Jun 30, 2025 | 20.61 |
| Mar 31, 2025 | -33.56 |
| Dec 31, 2024 | 52.48 |
| Sep 30, 2024 | 37.37 |
| Jun 30, 2024 | 27.54 |
| Mar 31, 2024 | 27.17 |
| Dec 31, 2023 | 61.87 |
| Sep 30, 2023 | 32.84 |
| Jun 30, 2023 | 39.68 |
| Mar 31, 2023 | 36.56 |
| Dec 31, 2022 | 119.81 |
| Sep 30, 2022 | 49.36 |
| Jun 30, 2022 | 58.75 |
| Mar 31, 2022 | -363.74 |
| Dec 31, 2021 | 54.34 |
| Sep 30, 2021 | -17.78 |
| Jun 30, 2021 | 184.97 |
| Mar 31, 2021 | 50.06 |