American Assets Trust (AAT) FCF Payout Ratio (2010 - 2025)
American Assets Trust (AAT) posted quarterly FCF Payout Ratio of 0.73 for Q4 2025, down 39.54% year-over-year from 1.21 in Q4 2024, and up 12.27% on a QoQ basis from 0.65 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 0.73 in Q4 2025.
- FCF Payout Ratio for Q4 2025 came in at 0.73, down 39.54% year-over-year; the trailing twelve-month figure through Dec 2025 was 1.11 (up 46.95% YoY), and the FY2025 annual result was 1.11, up 46.95% from the prior year.
- FCF Payout Ratio improved to 0.73 in Q4 2025, from 0.65 in the prior quarter.
- Over five years, FCF Payout Ratio peaked at 2.13 in Q2 2021 and troughed at 4.08 in Q1 2022.
- A 5-year average of 0.55 and a median of 0.76 in 2023 frame the typical range for FCF Payout Ratio.
- The largest YoY upside for FCF Payout Ratio was 518.9% in 2022 against a maximum downside of 691.62% in 2022.
- A 5-year view of FCF Payout Ratio shows it stood at 0.59 in 2021, then surged by 225.49% to 1.94 in 2022, then tumbled by 34.61% to 1.27 in 2023, then slipped by 4.77% to 1.21 in 2024, then tumbled by 39.54% to 0.73 in 2025.
- Per Business Quant data, the three most recent FCF Payout Ratio figures were 0.73 in Q4 2025, 0.65 in Q3 2025, and 0.53 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.92 Bn | 28.48 Bn | 1.05 Bn | -1.60 |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 Mn | 0.84 |
| 3 | Broadstone Net Lease | 4.01 Bn | 4.00 Bn | - | 1.83 |
| 4 | Global Net Lease | 1.91 Bn | 1.76 Bn | - | 0.62 |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | - |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 0.37 |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | 1.12 |
| 8 | Empire State Realty Trust | 826.12 Mn | 826.12 Mn | - | -0.94 |
| 9 | CTO Realty Growth | 764.50 Mn | 764.50 Mn | 32.71 Mn | 1.28 |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - | 15.39 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.15 |
| Sep 30, 2025 | 1.14 |
| Jun 30, 2025 | 0.93 |
| Mar 31, 2025 | 1.29 |
| Dec 31, 2024 | 0.28 |
| Sep 30, 2024 | 19.08 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.47 |
| Dec 31, 2023 | 0.25 |
| 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 | 0.85 |
| Mar 31, 2022 | -4.08 |
| Dec 31, 2021 | -2.52 |
| Sep 30, 2021 | 0.73 |
| Jun 30, 2021 | -16.45 |
| Mar 31, 2021 | 0.50 |