American Assets Trust (AAT) FCF Margin (2010 - 2025)
American Assets Trust (AAT) reported FCF Margin of 20.89% for Q4 2025, up 196.0% on a YoY basis from 7.06% in Q4 2024, and down 0.78% quarter-over-quarter from 21.06% in Q3 2025.
American Assets Trust (AAT) FCF Margin (2010 - 2025) Analysis & Trends
American Assets Trust has reported FCF Margin for 16 years, with the latest figure at 20.89% in Q4 2025.
- For the quarter ending Q4 2025, FCF Margin rose 196.0% year-over-year to 20.89%; the trailing twelve-month figure through Dec 2025 stood at 28.92% (down 98.0% YoY), and the FY2025 full-year result was 21.75%, down 815.0% from the prior year.
- FCF Margin for Q4 2025 stood at 20.89%, down from 21.06% in the prior quarter.
- The five-year high for FCF Margin was 8697.8% in Q3 2021, with the low at 8.96% in Q4 2021.
- Historically, FCF Margin has averaged 969.97% across 5 years, with a median of 24.7% in 2023.
- Annual changes were most pronounced in 2021 — FCF Margin jumped 866630 bps — and 2022, when it tumbled 867116 bps.
- American Assets Trust's FCF Margin stood at 8.96% in 2021, then surged by 234 bps to 11.99% in 2022, then surged by 49 bps to 17.86% in 2023, then climbed by 6 bps to 18.94% in 2024, then gained by 10 bps to 20.89% in 2025.
- The last three FCF Margin figures came in at 20.89% (Q4 2025), 21.06% (Q3 2025), and 26.27% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.26 Bn | 28.78 Bn | 1.01 Bn | 61.98% |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | 61.55% |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | 20.89% |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | -7.76% |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | 26.65% |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | -15.54% |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 26.69% |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | 42.74% |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | 23.85% |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 20.89% |
| Sep 30, 2025 | 21.06% |
| Jun 30, 2025 | 26.27% |
| Mar 31, 2025 | 5,689.14% |
| Dec 31, 2024 | 18.94% |
| Sep 30, 2024 | 22.77% |
| Jun 30, 2024 | 39.32% |
| Mar 31, 2024 | 39.60% |
| Dec 31, 2023 | 17.86% |
| Sep 30, 2023 | 28.75% |
| Jun 30, 2023 | 23.93% |
| Mar 31, 2023 | 25.47% |
| Dec 31, 2022 | 11.99% |
| Sep 30, 2022 | 26.64% |
| Jun 30, 2022 | 13.13% |
| Mar 31, 2022 | 4,636.82% |
| Dec 31, 2021 | -8.96% |
| Sep 30, 2021 | 8,697.80% |
| Jun 30, 2021 | 10.97% |
| Mar 31, 2021 | 37.07% |