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