American Assets Trust (AAT) Net Margin (2010 - 2025)

American Assets Trust (AAT) posted Net Margin of 2.86% for Q4 2025, down 30.51% on a QoQ basis from 4.11% in Q3 2025, and down 505.0% year-over-year from 0.71% in Q4 2024.

American Assets Trust (AAT) Net Margin (2010 - 2025) Analysis & Trends

American Assets Trust's Net Margin history runs 16 years deep, the most recent figure standing at 2.86% for Q4 2025.

  • Quarterly Net Margin fell 505.0% year-over-year to 2.86% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 12.76% (up 35.0% YoY) and the FY2025 annual result came in at 12.76%, up 35.0% from the prior year.
  • Net Margin was 2.86% for Q4 2025 at American Assets Trust, down from 4.11% in the prior quarter.
  • Across five years, Net Margin topped out at 39.16% in Q1 2025 and bottomed at 1.5% in Q1 2021.
  • A 5-year average of 10.86% and a median of 10.19% in 2021 frame the typical range for Net Margin.
  • Annual changes were most pronounced in 2021 — Net Margin tumbled 1243 bps — and 2025, when it surged 2176 bps.
  • American Assets Trust's Net Margin stood at 8.0% in 2021, then rose by 14 bps to 9.08% in 2022, then advanced by 3 bps to 9.32% in 2023, then declined by 15 bps to 7.91% in 2024, then tumbled by 64 bps to 2.86% in 2025.
  • Business Quant data shows AAT's Net Margin at 2.86% in Q4 2025, 4.11% in Q3 2025, and 5.05% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 86.36%
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 38.83%
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - -
4 American Assets Trust 1.47 Bn 1.41 Bn - 2.86%
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn 26.04%
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 0.65%
7 Cim 917.30 Mn 735.54 Mn - -
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - -14.65%
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 10.51%
10 Gladstone Commercial 618.64 Mn 788.68 Mn - 9.15%

Historic Data

Download Data
DateValue
Dec 31, 2025 2.86%
Sep 30, 2025 4.11%
Jun 30, 2025 5.05%
Mar 31, 2025 39.16%
Dec 31, 2024 7.91%
Sep 30, 2024 13.56%
Jun 30, 2024 10.73%
Mar 31, 2024 17.40%
Dec 31, 2023 9.32%
Sep 30, 2023 10.59%
Jun 30, 2023 10.92%
Mar 31, 2023 14.97%
Dec 31, 2022 9.08%
Sep 30, 2022 11.50%
Jun 30, 2022 10.16%
Mar 31, 2022 10.37%
Dec 31, 2021 8.00%
Sep 30, 2021 10.22%
Jun 30, 2021 9.74%
Mar 31, 2021 1.50%