American Assets Trust (AAT) FCF Margin (2010 - 2025)
American Assets Trust (AAT) posted quarterly FCF Margin of 32.88% for Q4 2025, up 1394.0% year-over-year from 2.2% in Q4 2024, and down 11.06% on a QoQ basis from 36.96% 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 32.88% in Q4 2025.
- FCF Margin for Q4 2025 came in at 32.88%, up 1394.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 28.8% (up 1386.0% YoY), and the FY2025 annual result was 21.75%, down 815.0% from the prior year.
- FCF Margin slipped to 32.88% in Q4 2025, from 36.96% in the prior quarter.
- Over five years, FCF Margin peaked at 45.56% in Q2 2025 and troughed at 118.1% in Q3 2021.
- A 5-year average of 16.6% and a median of 26.06% in 2023 frame the typical range for FCF Margin.
- The widest annual swing landed in 2021, when FCF Margin sank 14960 bps; it then jumped 14475 bps in 2022.
- A 5-year view of FCF Margin shows it stood at 38.03% in 2021, then plunged by 68 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 soared by 74 bps to 32.88% in 2025.
- Per Business Quant data, the three most recent FCF Margin figures were 32.88% in Q4 2025, 36.96% in Q3 2025, and 45.56% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 27.75% |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 56.05% |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | 26.81% |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | 58.05% |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | - |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 30.21% |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | -12.25% |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | -5.81% |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 24.74% |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | 0.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 20.89% |
| Sep 30, 2025 | 21.06% |
| Jun 30, 2025 | 26.27% |
| Mar 31, 2025 | 18.81% |
| Dec 31, 2024 | 80.82% |
| Sep 30, 2024 | 1.10% |
| Jun 30, 2024 | 53.46% |
| Mar 31, 2024 | 49.49% |
| Dec 31, 2023 | 91.63% |
| 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 | 27.86% |
| Mar 31, 2022 | -5.93% |
| Dec 31, 2021 | -8.96% |
| Sep 30, 2021 | 32.21% |
| Jun 30, 2021 | -1.42% |
| Mar 31, 2021 | 50.61% |