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| 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 | 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 |