American Assets Trust (AAT) Operating Margin (2010 - 2026)
American Assets Trust (AAT) posted quarterly Operating Margin of 24.02% for Q2 2026, down 5.0% year-over-year from 25.29% in Q2 2025, and up 13.91% on a QoQ basis from 21.09% in Q4 2025.
American Assets Trust (AAT) Operating Margin (2010 - 2026) Analysis & Trends
American Assets Trust has reported Operating Margin for 17 years, with the latest figure at 24.02% in Q2 2026.
- Operating Margin for Q2 2026 came in at 24.02%, down 5.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 22.94% (down 1368.0% YoY), and the FY2025 annual result was 33.45%, up 524.0% from the prior year.
- Operating Margin improved to 24.02% in Q2 2026, from 21.09% in the prior quarter.
- Over five years, Operating Margin peaked at 66.27% in Q1 2025 and troughed at 21.09% in Q4 2025.
- A 5-year average of 28.81% and a median of 27.58% in 2023 frame the typical range for Operating Margin.
- The largest YoY upside for Operating Margin was 3867 bps in 2025 against a maximum downside of 818 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 25.54% in 2022, then increased by 2 bps to 26.13% in 2023, then gained by 1 bps to 26.48% in 2024, then declined by 20 bps to 21.09% in 2025, then increased by 14 bps to 24.02% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 24.02% in Q2 2026, 21.09% in Q4 2025, and 22.6% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 69.48% |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 31.24% |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | - |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | 48.66% |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | 24.02% |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 24.65% |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | - |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | -70.45% |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 30.23% |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | 47.21% |
Historic Data
Download 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% |