American Assets Trust Inc Net Assets
American Assets Trust Inc net assets. Based on the latest financial reports, American Assets Trust Inc (AAT) has net assets worth $1.11 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.94 Billion) and total liabilities ($1.83 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See American Assets Trust Inc balance sheet quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.11 Billion |
| % of Total Assets | 37.88% |
| Annual Growth Rate | 11.78% |
| 5-Year Change | -10.3% |
| 10-Year Change | 35.64% |
| Growth Volatility | 82.66 |
Net Assets of American Assets Trust Inc (2008–2024)
Net assets of American Assets Trust Inc from 2008 to 2024. This chart illustrates how American Assets Trust Inc's net assets have evolved over time, based on quarterly financial data. Also explore net asset momentum of American Assets Trust Inc to track the company's year-over-year net asset growth rate.
Annual Net Assets for American Assets Trust Inc (2008–2024)
The table below shows the annual net assets of American Assets Trust Inc from 2008 to 2024. For live market cap and overall valuation, see market value of American Assets Trust Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.12 Billion | -2.54% |
| 2023-12-31 | $1.15 Billion | -2.69% |
| 2022-12-31 | $1.19 Billion | -2.03% |
| 2021-12-31 | $1.21 Billion | -3.45% |
| 2020-12-31 | $1.25 Billion | -3.11% |
| 2019-12-31 | $1.29 Billion | +61.21% |
| 2018-12-31 | $802.47 Million | -4.94% |
| 2017-12-31 | $844.14 Million | +0.67% |
| 2016-12-31 | $838.55 Million | +1.16% |
| 2015-12-31 | $828.93 Million | +8.13% |
| 2014-12-31 | $766.58 Million | +11.65% |
| 2013-12-31 | $686.58 Million | +0.12% |
| 2012-12-31 | $685.73 Million | +0.88% |
| 2011-12-31 | $679.73 Million | +338.19% |
| 2010-12-31 | $155.12 Million | -9.27% |
| 2009-12-31 | $170.96 Million | -9.63% |
| 2008-12-31 | $189.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to American Assets Trust Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 30433900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
American Assets Trust Inc Net Assets Breakdown (December 2024)
American Assets Trust Inc net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $611.00K | 0.05% |
| Other Comprehensive Income | $4.76 Million | 0.40% |
| Other Components | $1.47 Billion | 125.42% |
| Total Equity | $1.18 Billion | 100.00% |
American Assets Trust Inc Competitors by Market Cap
The table below lists competitors of American Assets Trust Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai SMI Holding Co Ltd
SHG:600649
|
$1.32 Billion |
|
Shanghai Pret Composites
SHE:002324
|
$1.32 Billion |
|
Hanall Biopharma
KO:009420
|
$1.32 Billion |
|
Lloyds Engineering Works Limited
NSE:LLOYDSENGG
|
$1.32 Billion |
|
Forestar Group Inc
NYSE:FOR
|
$1.32 Billion |
|
Ingersoll Rand (India) Limited
NSE:INGERRAND
|
$1.32 Billion |
|
First Tractor Co Ltd
SHG:601038
|
$1.32 Billion |
|
Sansure Biotech Inc
SHG:688289
|
$1.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Assets Trust Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,197,858,000 to 1,175,901,000, a change of -21,957,000 (-1.8%).
- Net income of 56,798,000 contributed positively to equity growth.
- Dividend payments of 103,368,000 reduced retained earnings.
- Share repurchases of 1,445,000 reduced equity.
- Other comprehensive income decreased equity by 3,522,000.
- Other factors increased equity by 29,580,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $56.80 Million | +4.83% |
| Dividends Paid | $103.37 Million | -8.79% |
| Share Repurchases | $1.45 Million | -0.12% |
| Other Comprehensive Income | $-3.52 Million | -0.3% |
| Other Changes | $29.58 Million | +2.52% |
| Total Change | $- | -1.83% |
Book Value vs Market Value Analysis
This analysis compares American Assets Trust Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.73x to 1.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $2.80 | $21.63 | x |
| 2009-12-31 | $2.50 | $21.63 | x |
| 2010-12-31 | $2.21 | $21.63 | x |
| 2011-12-31 | $11.55 | $21.63 | x |
| 2012-12-31 | $11.19 | $21.63 | x |
| 2013-12-31 | $11.28 | $21.63 | x |
| 2014-12-31 | $12.27 | $21.63 | x |
| 2015-12-31 | $12.83 | $21.63 | x |
| 2016-12-31 | $12.80 | $21.63 | x |
| 2017-12-31 | $13.01 | $21.63 | x |
| 2018-12-31 | $12.52 | $21.63 | x |
| 2019-12-31 | $24.28 | $21.63 | x |
| 2020-12-31 | $16.70 | $21.63 | x |
| 2021-12-31 | $16.27 | $21.63 | x |
| 2022-12-31 | $16.02 | $21.63 | x |
| 2023-12-31 | $15.69 | $21.63 | x |
| 2024-12-31 | $15.37 | $21.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Assets Trust Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.41%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.78x
- Recent ROE (4.83%) is above the historical average (3.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -4.71% | -5.80% | 0.12x | 6.52x | $-21.90 Million |
| 2009 | 4.84% | 5.51% | 0.12x | 7.05x | $-6.87 Million |
| 2010 | 3.59% | 3.40% | 0.12x | 9.17x | $-7.81 Million |
| 2011 | 0.47% | 1.39% | 0.12x | 2.73x | $-59.69 Million |
| 2012 | 8.08% | 21.91% | 0.13x | 2.86x | $-12.24 Million |
| 2013 | 3.48% | 8.86% | 0.14x | 2.83x | $-42.26 Million |
| 2014 | 4.24% | 11.98% | 0.13x | 2.64x | $-42.39 Million |
| 2015 | 6.74% | 19.56% | 0.14x | 2.47x | $-26.04 Million |
| 2016 | 5.64% | 15.47% | 0.15x | 2.45x | $-35.32 Million |
| 2017 | 4.81% | 12.74% | 0.14x | 2.71x | $-43.24 Million |
| 2018 | 3.39% | 8.22% | 0.15x | 2.74x | $-53.10 Million |
| 2019 | 4.58% | 16.41% | 0.13x | 2.12x | $-71.20 Million |
| 2020 | -4.02% | -14.84% | 0.12x | 2.22x | $-178.29 Million |
| 2021 | 2.34% | 7.70% | 0.12x | 2.44x | $-94.96 Million |
| 2022 | 3.62% | 10.45% | 0.14x | 2.45x | $-77.97 Million |
| 2023 | 4.21% | 11.42% | 0.15x | 2.49x | $-69.41 Million |
| 2024 | 4.83% | 12.41% | 0.14x | 2.78x | $-60.79 Million |
Industry Comparison
This section compares American Assets Trust Inc's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $889,963,732
- Average return on equity (ROE) among peers: 2.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Assets Trust Inc (AAT) | $1.11 Billion | -4.71% | 1.64x | $1.32 Billion |
| Armada Hflr Pr (AHH) | $904.01 Million | 8.27% | 1.48x | $487.33 Million |
| Armada Hoffler Properties, Inc. (AHRT) | $756.80 Million | 3.85% | 1.53x | $450.54 Million |
| Broadstone Net Lease Inc (BNL) | $1.78 Billion | 4.46% | 1.20x | $3.23 Billion |
| CTO Realty Growth Inc (CTO) | $31.40 Million | 11.46% | 0.26x | $713.35 Million |
| Empire State Realty Trust Inc (ESRT) | $1.68 Billion | 2.41% | 1.47x | $841.03 Million |
| FrontView REIT, Inc. (FVR) | $522.68 Million | -4.25% | 0.57x | $402.75 Million |
| Generation Income Properties Inc (GIPR) | $3.34 Million | -2.88% | 0.01x | $1.01 Million |
| Global Net Lease, Inc. (GNL) | $2.19 Billion | -6.02% | 2.18x | $1.61 Billion |
| Gladstone Commercial Corporation (GOOD) | $142.37 Million | 4.31% | 1.66x | $555.72 Million |
About American Assets Trust Inc
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust (REIT), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entr… Read more