American Assets Trust (AAT) FCF Margin (2010 - 2025)

American Assets Trust (AAT) posted FCF Margin of 20.89% for Q4 2025, down 0.78% on a QoQ basis from 21.06% in Q3 2025, and down 5992.0% year-over-year from 0.35% in Q4 2024.

American Assets Trust (AAT) FCF Margin (2010 - 2025) Analysis & Trends

American Assets Trust's FCF Margin history runs 16 years deep, the most recent figure standing at 20.89% for Q4 2025.

  • Quarterly FCF Margin fell 5992.0% year-over-year to 20.89% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 21.75% (down 2349.0% YoY) and the FY2025 annual result came in at 21.75%, down 2349.0% from the prior year.
  • FCF Margin was 20.89% for Q4 2025 at American Assets Trust, down from 21.06% in the prior quarter.
  • Across five years, FCF Margin topped out at 91.63% in Q4 2023 and bottomed at 8.96% in Q4 2021.
  • A 5-year average of 28.73% and a median of 25.87% in 2023 frame the typical range for FCF Margin.
  • Annual changes were most pronounced in 2023 — FCF Margin jumped 7964 bps — and 2025, when it slumped 5992 bps.
  • American Assets Trust's FCF Margin stood at 8.96% in 2021, then jumped by 234 bps to 11.99% in 2022, then surged by 664 bps to 91.63% in 2023, then retreated by 12 bps to 80.82% in 2024, then sank by 74 bps to 20.89% in 2025.
  • Business Quant data shows AAT's FCF Margin at 20.89% in Q4 2025, 21.06% in Q3 2025, and 26.27% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 61.98%
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn -46.53%
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - 61.55%
4 American Assets Trust 1.47 Bn 1.41 Bn - 20.89%
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn -7.76%
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 26.65%
7 Cim 917.30 Mn 735.54 Mn - 33.12%
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - -19.25%
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 26.69%
10 Gladstone Commercial 618.64 Mn 788.68 Mn - 42.74%

Historic Data

Download Data
DateValue
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%