AATAmerican Assets Trust, Inc.
Real Estate Investment Trusts
- Revenue
- $40M
- 7.2% YoY
- Operating margin
- 365.6%
- 22% YoY
- EBITDA
- $273M
- 7.3% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 5.9×
- $1.6B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear604% of net incomeCash flow under 80% of net income
- Dilutive SBCFired19% of revenueOver 10% of revenue
- Payouts exceed cash flowClear63% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $25M | $38M | $43M | $43M | $40M | 7.2% |
| Operating income | $100M | $115M | $122M | $129M | $146M | 13% |
| Operating cash flow | $168M | $179M | $189M | $207M | $167M | 19% |
| Stock-based comp | $8M | $9M | $9M | $7M | $7M | 4.0% |
| Dividends | $89M | $98M | $102M | $103M | $105M | 1.8% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $1M · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $1M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | $3M | 85 | 107 |
| FY2024 | $3M | $3M | 72 | 96 |
| FY2023 | $3M | $2M | 58 | 89 |
| FY2022 | $5M | $4M | 64 | 83 |
| FY2021 | $5M | $3M | 87 | 117 |