American Assets Trust (AAT) Operating Margin (2010 - 2026)
American Assets Trust's (AAT) quarterly Operating Margin came in at 24.02% in Q2 2026, down 5.0% on a YoY basis from 25.29% in Q2 2025, and up 13.91% quarter-over-quarter from 21.09% in Q4 2025.
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American Assets Trust (AAT) Operating Margin (2010 - 2026) Analysis & Trends
American Assets Trust (AAT) has reported Operating Margin for 17 consecutive years, with 24.02% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 5.0% year-over-year to 24.02%; the trailing twelve-month figure through Jun 2026 stood at 22.94% (down 1368.0% YoY), and the FY2025 full-year result was 33.45%, up 524.0% from the prior year.
- Operating Margin improved to 24.02% in Q2 2026 per AAT's latest filing, from 21.09% 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.
- Historically, Operating Margin has averaged 28.81% across 5 years, with a median of 27.58% in 2023.
- The widest YoY moves for Operating Margin: up 3867 bps in 2025, down 818 bps in 2025.
- Over 5 years, Operating Margin stood at 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, then gained by 14 bps to 24.02% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 24.02%, 21.09%, and 22.6% for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield Property Partners | 16.02 Bn | 14.53 Bn | - | - |
| 2 | Alexandria Real Estate Equities | 9.17 Bn | 11.68 Bn | - | - |
| 3 | Cousins Properties | 4.79 Bn | 4.79 Bn | 183.86 Mn | -24.35% |
| 4 | Kilroy Realty | 4.32 Bn | 4.54 Bn | 212.24 Mn | 1.92% |
| 5 | Copt Defense Properties | 3.99 Bn | 4.04 Bn | 191.37 Mn | 28.98% |
| 6 | Sl Green Realty | 3.93 Bn | 4.23 Bn | 263.98 Mn | 77.17% |
| 7 | Highwoods Properties | 3.44 Bn | 3.29 Bn | - | - |
| 8 | Douglas Emmett | 1.91 Bn | 3.23 Bn | 178.95 Mn | -10.62% |
| 9 | American Assets Trust | 1.35 Bn | 1.29 Bn | - | 24.02% |
| 10 | Alexanders | 1.34 Bn | 1.04 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.02% |
| 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% |