American Assets Trust (AAT) Free Cash Flow (2010 - 2025)

American Assets Trust (AAT) reported Free Cash Flow of $23.0 million for Q4 2025, up 7.05% on a YoY basis from $21.5 million in Q4 2024, and little changed quarter-over-quarter from $23.1 million in Q3 2025.

American Assets Trust (AAT) Free Cash Flow (2010 - 2025) Analysis & Trends

American Assets Trust has reported Free Cash Flow for 16 years, with the latest figure at $23.0 million in Q4 2025.

  • For the quarter ending Q4 2025, Free Cash Flow rose 7.05% year-over-year to $23.0 million; the trailing twelve-month figure through Dec 2025 stood at $94.9 million (down 30.71% YoY), and the FY2025 full-year result was $94.9 million, down 30.71% from the prior year.
  • Free Cash Flow for Q4 2025 stood at $23.0 million, roughly flat from $23.1 million in the prior quarter.
  • The five-year high for Free Cash Flow was $43.8 million in Q1 2024, with the low at -$9.1 million in Q4 2021.
  • Historically, Free Cash Flow has averaged $23.3 million across 5 years, with a median of $24.7 million in 2023.
  • Annual changes were most pronounced in 2021 — Free Cash Flow slumped 400.16% — and 2022, when it jumped 239.41%.
  • American Assets Trust's Free Cash Flow stood at -$9.1 million in 2021, then jumped by 239.41% to $12.7 million in 2022, then jumped by 58.07% to $20.1 million in 2023, then grew by 6.93% to $21.5 million in 2024, then increased by 7.05% to $23.0 million in 2025.
  • The last three Free Cash Flow figures came in at $23.0 million (Q4 2025), $23.1 million (Q3 2025), and $28.4 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Vici Properties 29.26 Bn 28.78 Bn 1.01 Bn 631.24 Mn
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - 74.73 Mn
3 American Assets Trust 1.46 Bn 1.40 Bn - 23.00 Mn
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn -8.60 Mn
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - 50.72 Mn
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - -19.83 Mn
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 10.99 Mn
8 Gladstone Commercial 608.72 Mn 778.76 Mn - 17.91 Mn
9 AH Realty Trust 540.92 Mn 723.25 Mn - 12.48 Mn
10 One Liberty Properties 510.56 Mn 490.30 Mn - 9.41 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 23.00 Mn
Dec 31, 2025 23.00 Mn
Sep 30, 2025 23.08 Mn
Sep 30, 2025 23.08 Mn
Jun 30, 2025 28.36 Mn
Jun 30, 2025 28.36 Mn
Mar 31, 2025 20.42 Mn
Mar 31, 2025 20.42 Mn
Dec 31, 2024 21.49 Mn
Dec 31, 2024 21.49 Mn
Sep 30, 2024 27.97 Mn
Sep 30, 2024 27.97 Mn
Jun 30, 2024 43.61 Mn
Jun 30, 2024 43.61 Mn
Mar 31, 2024 43.84 Mn
Mar 31, 2024 43.84 Mn
Dec 31, 2023 20.10 Mn
Dec 31, 2023 20.10 Mn
Sep 30, 2023 31.97 Mn
Sep 30, 2023 31.97 Mn