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
DateValue
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%