American Assets Trust (AAT) Operating Margin (2010 - 2026)
American Assets Trust's Operating Margin was 24.02% in Q2 2026, down 0.05 percentage points from 24.07% a year earlier.
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Analysis
American Assets Trust (AAT) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, American Assets Trust's Operating Margin was 22.94% through Jun 30, 2026, down 13.68 percentage points year-over-year; for FY2025, it came in at 33.45%, up 5.24 percentage points from FY2024.
- Operating Margin has now increased for five consecutive years, with a five-year change of +7.75 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 28.22% in FY2024 (+0.62 pp), 27.60% in FY2023 (+0.45 pp), 27.15% in FY2022 (+0.57 pp) and 26.57% in FY2021 (+0.87 pp).
- Quarterly Operating Margin has moved between 21.09% (Q4 2025) and 66.27% (Q1 2025) over five years.
- Compared with a year earlier, Operating Margin was higher in three of the last seven quarters, with an average year-over-year change of +3.50 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q1 2025 (a gain of 38.67 percentage points); the worst was Q3 2025 (a drop of 8.18 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 51.59% |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 49.72% |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 37.85% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | American Assets Trust | 1.30 Bn | 1.24 Bn | - | 24.02% |
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% |
API Access
American Assets Trust Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=AAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "AAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=AAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();