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

American Assets Trust (AAT) posted Free Cash Flow of $23.0 million for Q4 2025, little changed on a QoQ basis from $23.1 million in Q3 2025, and down 74.91% year-over-year from $91.7 million in Q4 2024.

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

American Assets Trust's Free Cash Flow history runs 16 years deep, the most recent figure standing at $23.0 million for Q4 2025.

  • Quarterly Free Cash Flow fell 74.91% year-over-year to $23.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $94.9 million (down 54.2% YoY) and the FY2025 annual result came in at $94.9 million, down 54.2% from the prior year.
  • Free Cash Flow was $23.0 million for Q4 2025 at American Assets Trust, roughly flat from $23.1 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $103.1 million in Q4 2023 and bottomed at -$9.1 million in Q4 2021.
  • A 5-year average of $31.0 million and a median of $27.9 million in 2023 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2021 — Free Cash Flow plunged 114.42% — and 2022, when it surged 2323.37%.
  • American Assets Trust's Free Cash Flow stood at -$9.1 million in 2021, then soared by 239.41% to $12.7 million in 2022, then surged by 710.78% to $103.1 million in 2023, then decreased by 11.04% to $91.7 million in 2024, then plunged by 74.91% to $23.0 million in 2025.
  • Business Quant data shows AAT's Free Cash Flow at $23.0 million in Q4 2025, $23.1 million in Q3 2025, and $28.4 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 631.24 Mn
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn -211.49 Mn
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - 74.73 Mn
4 American Assets Trust 1.47 Bn 1.41 Bn - 23.00 Mn
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn -8.60 Mn
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 50.72 Mn
7 Cim 917.30 Mn 735.54 Mn - 32.32 Mn
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - -24.57 Mn
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 10.99 Mn
10 Gladstone Commercial 618.64 Mn 788.68 Mn - 17.91 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 91.69 Mn
Dec 31, 2024 91.69 Mn
Sep 30, 2024 1.35 Mn
Sep 30, 2024 1.35 Mn
Jun 30, 2024 59.28 Mn
Jun 30, 2024 59.28 Mn
Mar 31, 2024 54.78 Mn
Mar 31, 2024 54.78 Mn
Dec 31, 2023 103.08 Mn
Dec 31, 2023 103.08 Mn
Sep 30, 2023 31.97 Mn
Sep 30, 2023 31.97 Mn