American Assets Trust (AAT) Interest Coverage Ratio (2010 - 2023)
American Assets Trust's (AAT) quarterly Interest Coverage Ratio came in at 1.91 in Q3 2023, down 11.07% on a YoY basis from 2.14 in Q3 2022, and down 0.86% quarter-over-quarter from 1.92 in Q2 2023.
Analysis
American Assets Trust (AAT) Interest Coverage Ratio (2010 - 2023) Analysis & Trends
American Assets Trust (AAT) has reported Interest Coverage Ratio for 14 consecutive years, with 1.91 the latest figure, recorded in Q3 2023.
- For the quarter ending Q3 2023, Interest Coverage Ratio fell 11.07% year-over-year to 1.91; the trailing twelve-month figure through Sep 2023 stood at 1.9 (down 1.72% YoY), and the FY2021 full-year result was 1.7, up 2.84% from the prior year.
- Interest Coverage Ratio slipped to 1.91 in Q3 2023 per AAT's latest filing, from 1.92 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 2.21 in Q3 2019 and bottomed at 1.23 in Q4 2020.
- Historically, Interest Coverage Ratio has averaged 1.87 across 5 years, with a median of 1.9 in 2023.
- The sharpest annual moves came in 2019 and 2020: Interest Coverage Ratio jumped 130.94% in 2019, then tumbled 43.38% in 2020.
- Over 5 years, Interest Coverage Ratio stood at 2.17 in 2019, then slumped by 43.38% to 1.23 in 2020, then soared by 39.29% to 1.71 in 2021, then climbed by 25.1% to 2.14 in 2022, then retreated by 11.07% to 1.91 in 2023.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 1.91, 1.92, and 1.89 for Q3 2023, Q2 2023, and Q1 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield Property Partners | 16.02 Bn | 14.53 Bn | - | 1.14 |
| 2 | Alexandria Real Estate Equities | 9.17 Bn | 11.68 Bn | - | - |
| 3 | Cousins Properties | 4.79 Bn | 4.79 Bn | 183.86 Mn | -1.39 |
| 4 | Kilroy Realty | 4.32 Bn | 4.54 Bn | 212.24 Mn | 0.13 |
| 5 | Copt Defense Properties | 3.99 Bn | 4.04 Bn | 191.37 Mn | 2.34 |
| 6 | Sl Green Realty | 3.93 Bn | 4.23 Bn | 263.98 Mn | - |
| 7 | Highwoods Properties | 3.44 Bn | 3.29 Bn | - | - |
| 8 | Douglas Emmett | 1.91 Bn | 3.23 Bn | 178.95 Mn | -0.40 |
| 9 | American Assets Trust | 1.35 Bn | 1.29 Bn | - | - |
| 10 | Alexanders | 1.34 Bn | 1.04 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 1.91 |
| Jun 30, 2023 | 1.92 |
| Mar 31, 2023 | 1.89 |
| Sep 30, 2022 | 2.14 |
| Jun 30, 2022 | 1.95 |
| Mar 31, 2022 | 1.93 |
| Dec 31, 2021 | 1.71 |
| Sep 30, 2021 | 1.88 |
| Jun 30, 2021 | 1.78 |
| Mar 31, 2021 | 1.43 |
| Dec 31, 2020 | 1.23 |
| Sep 30, 2020 | 1.53 |
| Jun 30, 2020 | 1.72 |
| Mar 31, 2020 | 2.14 |
| Dec 31, 2019 | 2.17 |
| Sep 30, 2019 | 2.21 |
| Jun 30, 2019 | 1.87 |
| Mar 31, 2019 | 2.16 |
| Dec 31, 2018 | 1.72 |
| Sep 30, 2018 | 2.12 |