American Assets Trust (AAT) Operating Margin (2010 - 2025)
American Assets Trust (AAT) posted Operating Margin of 21.09% for Q4 2025, down 6.7% on a QoQ basis from 22.6% in Q3 2025, and down 540.0% year-over-year from 4.79% in Q4 2024.
American Assets Trust (AAT) Operating Margin (2010 - 2025) Analysis & Trends
American Assets Trust's Operating Margin history runs 16 years deep, the most recent figure standing at 21.09% for Q4 2025.
- Quarterly Operating Margin fell 540.0% year-over-year to 21.09% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 33.45% (up 524.0% YoY) and the FY2025 annual result came in at 33.45%, up 524.0% from the prior year.
- Operating Margin was 21.09% for Q4 2025 at American Assets Trust, down from 22.6% in the prior quarter.
- Across five years, Operating Margin topped out at 66.27% in Q1 2025 and bottomed at 21.09% in Q4 2025.
- A 5-year average of 28.59% and a median of 27.59% in 2023 frame the typical range for Operating Margin.
- Peak annual rise in Operating Margin reached 3867 bps in 2025, while the deepest fall reached 818 bps in 2025.
- American Assets Trust's Operating Margin stood at 25.27% in 2021, then advanced by 1 bps to 25.54% in 2022, then gained by 2 bps to 26.13% in 2023, then climbed by 1 bps to 26.48% in 2024, then retreated by 20 bps to 21.09% in 2025.
- Business Quant data shows AAT's Operating Margin at 21.09% in Q4 2025, 22.6% in Q3 2025, and 24.07% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.62 Bn | 28.14 Bn | 1.01 Bn | 97.80% |
| 2 | W. P. Carey | 16.93 Bn | 16.93 Bn | 434.82 Mn | 39.54% |
| 3 | Broadstone Net Lease | 4.27 Bn | 4.25 Bn | - | - |
| 4 | Global Net Lease | 1.90 Bn | 1.78 Bn | - | 21.10% |
| 5 | American Assets Trust | 1.47 Bn | 1.47 Bn | - | 21.09% |
| 6 | Safehold | 1.19 Bn | -2.44 Bn | 109.54 Mn | 23.05% |
| 7 | Empire State Realty Trust | 969.42 Mn | 969.42 Mn | - | 15.48% |
| 8 | Cim | 917.30 Mn | 735.54 Mn | - | - |
| 9 | JBG SMITH Properties | 858.04 Mn | 858.04 Mn | - | 47.74% |
| 10 | CTO Realty Growth | 716.07 Mn | 716.07 Mn | 31.01 Mn | 25.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 21.09% |
| Sep 30, 2025 | 22.60% |
| Jun 30, 2025 | 24.07% |
| Mar 31, 2025 | 66.27% |
| Dec 31, 2024 | 26.48% |
| Sep 30, 2024 | 30.79% |
| Jun 30, 2024 | 27.77% |
| Mar 31, 2024 | 27.60% |
| Dec 31, 2023 | 26.13% |
| Sep 30, 2023 | 28.00% |
| Jun 30, 2023 | 28.70% |
| Mar 31, 2023 | 27.58% |
| Dec 31, 2022 | 25.54% |
| Sep 30, 2022 | 27.92% |
| Jun 30, 2022 | 27.19% |
| Mar 31, 2022 | 27.93% |
| Dec 31, 2021 | 25.27% |
| Sep 30, 2021 | 28.15% |
| Jun 30, 2021 | 28.78% |
| Mar 31, 2021 | 23.89% |