Company Quick10K Filing
American Assets Trust
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 67 $3,190
10-K 2020-02-14 Annual: 2019-12-31
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-02 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-02-15 Annual: 2018-12-31
10-Q 2018-11-02 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-02-16 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-02-17 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-07-29 Quarter: 2016-06-30
10-Q 2016-04-29 Quarter: 2016-03-31
10-K 2016-02-19 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-05-01 Quarter: 2015-03-31
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2015-07-31 Quarter: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-01 Quarter: 2014-06-30
10-Q 2014-05-02 Quarter: 2014-03-31
10-K 2014-02-21 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-05-03 Quarter: 2013-03-31
10-K 2013-02-22 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-K 2012-03-09 Annual: 2011-12-31
10-Q 2011-11-10 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-13 Quarter: 2011-03-31
10-K 2011-03-30 Annual: 2010-12-31
8-K 2020-02-11 Earnings, Regulation FD, Exhibits
8-K 2019-12-05 Officers
8-K 2019-10-24 Earnings, Officers, Regulation FD, Exhibits
8-K 2019-09-11 Regulation FD
8-K 2019-07-30 Earnings, Regulation FD, Exhibits
8-K 2019-07-30 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-07-17 Regulation FD
8-K 2019-06-20 M&A, Regulation FD, Exhibits
8-K 2019-06-11 Officers, Shareholder Vote
8-K 2019-06-11 Sale of Shares, Other Events, Exhibits
8-K 2019-06-10 Enter Agreement, Regulation FD, Exhibits
8-K 2019-04-30 Earnings, Regulation FD, Exhibits
8-K 2019-02-25 Regulation FD
8-K 2019-02-15 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-02-12 Earnings, Regulation FD, Exhibits
8-K 2019-01-09 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-12-03 Officers
8-K 2018-11-08 Regulation FD
8-K 2018-10-30 Earnings, Regulation FD, Exhibits
8-K 2018-07-31 Earnings, Regulation FD, Exhibits
8-K 2018-07-12 Regulation FD
8-K 2018-06-12 Shareholder Vote
8-K 2018-05-01 Earnings, Regulation FD, Exhibits
8-K 2018-03-07 Other Events, Exhibits
8-K 2018-03-02 Other Events, Exhibits
8-K 2018-02-13 Earnings, Regulation FD, Exhibits
8-K 2018-01-09 Enter Agreement, Off-BS Arrangement, Officers, Regulation FD, Exhibits

American Assets Trust Financials

AAT Metrics, Comps, Filings

Annual | Quarterly

Business

References to "we," "our," "us" and "our company" refer to American Assets Trust, Inc., a Maryland corporation, together with our consolidated subsidiaries, including American Assets Trust, L.P., a Maryland limited partnership, of which we are the sole general partner and which we refer to in this report as our Operating Partnership.

We are a full service, vertically integrated and self-administered real estate investment trust, or REIT, that owns, operates, acquires and develops high quality retail, office, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. As of December 31, 2018, our portfolio is comprised of twelve retail shopping centers; eight office properties; a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center; and six multifamily properties. Additionally, as of December 31, 2018, we owned land at three of our properties that we classified as held for development and construction in progress. Our core markets include San Diego, the San Francisco Bay Area, Portland, Oregon, Bellevue, Washington and Oahu, Hawaii.

We are a Maryland corporation that was formed on July 16, 2010 to acquire the entities owning various controlling and noncontrolling interests in real estate assets owned and/or managed by Ernest S. Rady or his affiliates, including the Ernest Rady Trust U/D/T March 13, 1983, or the Rady Trust, and did not have any operating activity until the consummation of our initial public offering and the related acquisition of such interest on January 19, 2011. After the completion of our initial public offering and the related acquisitions, our operations have been carried on through our Operating Partnership. Our company, as the sole general partner of our Operating Partnership, has control of our Operating Partnership and owned 73.2% of our Operating Partnership as of December 31, 2018. Accordingly, we consolidate the assets, liabilities and results of operations of our Operating Partnership.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Stag Industrial (STAG) 3,902 0% 26.4 1% 3,745 1,640 295 0 33 206 5,421
Sabra Health Care REIT (SBRA) 4,409 0% 41.3 0% 6,068 2,786 506 0 29 169 6,979
Weingarten Realty Investors (WRI) 3,735 0% 12.7 8% 3,913 2,060 495 0 309 412 5,211
Two Harbors Investment (TWO) 3,964 3.1 1% 32,164 27,145 0 0 189 955 2,998
Chimera Investment (CIM) 3,663 3.6 1% 28,632 24,637 0 0 180 964 3,502
Apple Hospitality REIT (APLE) 3,652 44% 14.7 3% 4,990 1,663 977 426 146 336 4,962
Paramount Group (PGRE) 3,108 0% 19.8 0% 8,580 3,877 769 0 28 321 6,362
Physicians Realty Trust (DOC) 3,394 0% 24.4 1% 4,248 1,756 413 0 46 204 4,963
National Health Investors (NHI) 3,651 0% 25.8 5% 3,019 1,556 310 0 155 197 5,094
MFA Financial (MFA) 3,648 5.2 3% 13,105 9,701 0 0 338 661 3,454
Apollo Commercial Real Estate Finance (ARI) 3,017 9.7 3% 6,352 3,723 0 0 211 353 3,417
American Assets Trust (AAT) 3,552 49% 20.9 2% 2,789 1,491 350 172 53 164 3,426
RLJ Lodging Trust (RLJ) 2,923 0% 12.8 2% 5,876 2,619 1,619 0 94 331 4,228
Corporate Office Properties Trust (OFC) 3,374 64% 18.7 5% 3,855 2,131 622 398 174 278 5,199
Agree Realty (ADC) 3,084 0% 31.2 3% 2,523 1,033 176 0 71 128 4,005
CoreCivic (CXW) 2,086 0% 12.9 5% 3,749 2,366 1,965 0 188 302 3,888
MGM Growth Properties (MGP) 2,865 22% 11.2 2% 11,930 5,545 1,007 226 271 697 7,811
Taubman Centers (TCO) 2,591 0% 4.0 8% 4,537 4,626 652 0 376 631 2,528
Potlatchdeltic (PCH) 2,802 13% 34.5 2% 2,257 1,021 841 111 46 101 3,463
Brandywine Realty Trust (BDN) 2,623 46% 15.6 3% 4,020 2,318 573 263 140 299 4,671

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash974911121099
Accounts Receivable767789109
Inventory
PP&E1,4531,6681,6771,7751,8351,8322,0772,040
Assets1,7091,8281,8321,9421,9781,9872,2602,198
Accounts Payable
Long-Term Debt1,0451,0701,0341,0471,3301,233
Liabilities1,0301,1421,1461,1751,1491,1481,4161,396
Stockholders' Equity626638649767829810834803
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue210235255260276295315331
Cost of Revenue909198108117121
Gross Profit165169178187198209
R&D
SG&A1417192022202325
Tax1101100
Net Income1952233154464027
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating647693106111123146137
Cash Investing-262-282-58-153-127-64-331-64
Cash Financing23748-2858-3-54222-107