American Assets Trust (AAT) FCF Payout Ratio (2010 - 2025)

American Assets Trust (AAT) reported FCF Payout Ratio of 1.15 for Q4 2025, down 4.87% on a YoY basis from 1.21 in Q4 2024, and up 0.65% quarter-over-quarter from 1.14 in Q3 2025.

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

American Assets Trust has reported FCF Payout Ratio for 16 years, with the latest figure at 1.15 in Q4 2025.

  • For the quarter ending Q4 2025, FCF Payout Ratio fell 4.87% year-over-year to 1.15; the trailing twelve-month figure through Dec 2025 stood at 1.11 (up 46.95% YoY), and the FY2025 full-year result was 1.11, up 46.95% from the prior year.
  • FCF Payout Ratio for Q4 2025 stood at 1.15, up from 1.14 in the prior quarter.
  • The five-year high for FCF Payout Ratio was 2.63 in Q1 2022, with the low at 2.52 in Q4 2021.
  • Historically, FCF Payout Ratio has averaged 1.0 across 5 years, with a median of 0.95 in 2023.
  • Annual changes were most pronounced in 2021 — FCF Payout Ratio sank 140.01% — and 2022, when it soared 282.01%.
  • American Assets Trust's FCF Payout Ratio stood at 2.52 in 2021, then soared by 176.7% to 1.94 in 2022, then sank by 34.61% to 1.27 in 2023, then slipped by 4.77% to 1.21 in 2024, then decreased by 4.87% to 1.15 in 2025.
  • The last three FCF Payout Ratio figures came in at 1.15 (Q4 2025), 1.14 (Q3 2025), and 0.93 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Vici Properties 29.90 Bn 29.42 Bn 1.01 Bn 0.77
2 Broadstone Net Lease 4.01 Bn 4.11 Bn - 0.03
3 American Assets Trust 1.48 Bn 1.42 Bn - 1.15
4 Safehold 1.14 Bn 1.15 Bn 109.54 Mn -1.49
5 Empire State Realty Trust 973.69 Mn 1.70 Bn - 0.07
6 JBG SMITH Properties 887.28 Mn 1.38 Bn - -0.17
7 CTO Realty Growth 676.07 Mn 676.07 Mn 31.01 Mn 1.14
8 Gladstone Commercial 618.88 Mn 788.92 Mn - 0.98
9 AH Realty Trust 547.30 Mn 729.64 Mn - 0.02
10 One Liberty Properties 515.72 Mn 495.45 Mn - 1.04

Historic Data

Download Data
DateValue
Dec 31, 2025 1.15
Sep 30, 2025 1.14
Jun 30, 2025 0.93
Mar 31, 2025 1.29
Dec 31, 2024 1.21
Sep 30, 2024 0.92
Jun 30, 2024 0.59
Mar 31, 2024 0.59
Dec 31, 2023 1.27
Sep 30, 2023 0.79
Jun 30, 2023 0.97
Mar 31, 2023 0.92
Dec 31, 2022 1.94
Sep 30, 2022 0.83
Jun 30, 2022 1.79
Mar 31, 2022 2.63
Dec 31, 2021 -2.52
Sep 30, 2021 0.73
Jun 30, 2021 2.13
Mar 31, 2021 0.69