American Assets Trust, Inc.
S&P 500AAT/Real Estate · REIT - Diversified/NYSE
Dividend Yield
5.61%
$1.36 · Annual Dividend
Dividend Safety Rating
AAT's dividend appears safe and well-supported. Strengths include a 68.1% ffo payout ratio & 159.1 debt-to-equity. Areas of concern: 113.8% fcf payout ratio & 1.9x interest coverage. The dividend has been growing at a 6.34% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 14 of 15 metrics
Strengths
- FFO Payout Ratio: 68.1%Dividends are well covered by funds from operations (FFO).
- Gross Margin: 60.5%High gross margin signals strong pricing power.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
Risks
- FCF Payout Ratio: 113.8%Free cash flow is tight relative to the dividend.
- Current Ratio: 0.7xLimited short-term liquidity to meet obligations.
- Return on Equity: 2.2%Return on equity is below industry norms.
Payout & Coverage
CautionBalance Sheet
CautionProfitability
SafeDividend Track Record
Very SafeAbout American Assets Trust, Inc.
American Assets Trust, Inc. is a real estate investment trust that owns, operates, acquires, and develops retail, office, multifamily, and mixed-use properties. The company focuses on a diversified portfolio of income-producing assets across key West Coast and Hawaii markets, including Southern and Northern California, Oregon, Washington, and Hawaii. Its business is organized around four operating segments: retail centers, office properties, mixed-use assets that combine retail and hotel components, and apartment communities. By managing properties across these segments, American Assets Trust serves commercial tenants, residential residents, and hospitality-related uses within high-demand urban and coastal locations. The company is headquartered in San Diego, California, and is positioned as a vertically integrated REIT with capabilities spanning property acquisition, development, leasing, and long-term asset management.
Dividend Overview
Dividend Yield
5.61%
Annual Dividend
$1.36
Frequency
Quarterly
Payout Ratio
453.33%
FCF Payout Ratio
113.77%
52-Week Range
$17.72 - $24.85
Dividend History (2016–2025)
AAT annual dividend per share and yield history
Earnings & Profitability
AAT earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
June 4, 2026
Last Payment Date
June 18, 2026
Dividend Growth
3-Year Dividend CAGR
2.04%
5-Year Dividend CAGR
6.34%
10-Year Dividend CAGR
3.68%
3-Year Total Growth
6.25%
5-Year Total Growth
36.00%
10-Year Total Growth
43.54%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.