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| Date | Value |
|---|---|
| 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 |