Is a 33% Drop a Chance to Buy? Exploring One Fund's New $4.4 Million Investment in American Assets Trust
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
Should l Buy AAT?
Source: NASDAQ.COM
New Investment Position: Argosy-Lionbridge Management initiated a new position in American Assets Trust, acquiring 214,863 shares valued at approximately $4.4 million, which now represents 2.9% of their reportable assets under management.
Company Performance: Despite a 33% decline in share price over the past year, American Assets Trust continues to generate stable cash flow and has raised its full-year funds from operations (FFO) guidance, indicating potential for future growth.
Market Strategy: The company focuses on high-demand, supply-constrained regions, which enhances tenant retention and asset performance, making it a potentially attractive investment for long-term investors.
Investment Outlook: Analysts suggest that the combination of rising guidance and a depressed share price could signal an inflection point for American Assets Trust, especially if leasing and occupancy trends stabilize.
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Analyst Views on AAT
Wall Street analysts forecast AAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAT is 20.00 USD with a low forecast of 20.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 19.130
Low
20.00
Averages
20.00
High
20.00
Current: 19.130
Low
20.00
Averages
20.00
High
20.00
About AAT
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company is engaged in acquiring, improving, developing and managing office, retail, and residential properties throughout the United States in high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. The Company's office portfolio comprises approximately 4.1 million rentable square feet, and its retail portfolio comprises approximately 2.4 million rentable square feet. In addition, it owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,302 multifamily units. The Company's properties include Alamo Quarry Market, La Jolla Commons, Carmel Country Plaza, and Waikiki Beach Walk Retail, Embassy Suites Hotel, Carmel Mountain Plaza, Corporate Campus East III, Gateway Marketplace, Imperial Beach Gardens, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
American Assets Trust Q4 2025 Earnings Call Insights
- Financial Performance Exceeds Expectations: American Assets Trust reported an FFO of $2 per share for 2025, approximately 3% above initial expectations, demonstrating resilience in its operations despite known revenue roll-offs and the end of capitalized interest, reflecting strong business fundamentals.
- Active Leasing Activity: The company executed 23 leases totaling over 193,000 square feet in Q4, achieving positive cash leasing spreads of 6.6% and GAAP leasing spreads of 11.5%, indicating significant progress in leasing newer office spaces and enhancing future revenue potential.
- Optimistic 2026 Outlook: The CFO introduced 2026 FFO per share guidance of $1.96 to $2.10, with a midpoint of $2.03, representing an approximate 1.5% increase over 2025 actual FFO, showcasing the company's confidence and growth expectations in the market.
- Stable Shareholder Returns: The Board declared a quarterly dividend of $0.34 per share for Q1 2026, maintaining a stable dividend policy despite market challenges, aimed at bolstering investor confidence and enhancing the company's valuation.
See More
American Assets Trust Q4 Earnings Report Analysis
- Financial Performance: American Assets Trust reported a Q4 FFO of $0.47, missing expectations by $0.01, indicating slight fluctuations in profitability that may affect investor confidence.
- Revenue Trends: The company generated $110.09 million in revenue for Q4, reflecting a 3.0% year-over-year decline, although it beat market expectations by $1.39 million, highlighting challenges in the market environment that could impact future growth strategies.
- Future Guidance: The company introduced guidance for 2026 FFO per diluted share ranging from $1.96 to $2.10, with a midpoint of $2.03, indicating cautious optimism from management regarding future profitability, which may attract income-seeking investors.
- Market Reaction: Following the earnings release, shares increased by 0.06%, suggesting that despite the mixed financial data, the market's response to the future guidance reflects investor recognition of the company's long-term potential.
See More
American Assets Trust Set to Release Q4 Earnings
- Earnings Announcement: American Assets Trust (AAT) is set to announce its Q4 earnings on February 3rd after market close, with a consensus EPS estimate of $0.08, reflecting a year-over-year decline of 27.3%, indicating pressure on profitability.
- Revenue Expectations: Analysts forecast AAT's Q4 revenue at $108.7 million, down 4.2% year-over-year, highlighting challenges the company faces in the current economic environment, which may impact its future investment appeal.
- Performance Beat Record: Over the past year, AAT has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, showcasing strong performance in managing profitability, which enhances investor confidence.
- Portfolio Diversification: AAT's diversified portfolio is considered a significant asset, with Seeking Alpha's Quant Rating underscoring its competitive position in the market, potentially attracting more investor interest.
See More
Real Estate Stocks See Positive EPS Revisions, AAT and Others Rated A+
- Analyst Confidence Boost: American Assets Trust (AAT) received an A+ EPS revision grade with a Quant rating of 3.22, indicating strong analyst confidence in its future performance, which could drive stock price increases.
- Market Expectations Rise: Agree Realty Corporation (ADC) also earned an A+ rating with a Quant score of 4.66, suggesting analysts anticipate its earnings will exceed expectations, potentially attracting more investor interest.
- Earnings Potential Revealed: Both First Industrial Realty Trust (FR) and Getty Realty Corp (GTY) received A+ ratings, with Quant scores of 3.44 and 4.75 respectively, indicating robust performance in profitability that may elicit positive market reactions.
- Industry Leaders: Postal Realty Trust (PSTL) and Strawberry Fields REIT (STRW) also achieved A+ ratings, with Quant scores of 4.88 and 3.47, reflecting their competitive advantages in the real estate sector, likely promoting further stock price increases.
See More
American Assets Trust to Announce Q4 and Year-End 2025 Earnings on February 3, 2026
- Earnings Announcement Schedule: American Assets Trust, Inc. will release its fourth quarter and year-end 2025 earnings after market close on February 3, 2026, which is expected to provide the latest insights into the company's financial health, aiding investors in assessing its market performance.
- Conference Call Timing: Senior management will hold a conference call on February 4, 2026, at 8:00 a.m. Pacific Time to discuss the earnings report details, enhancing transparency and engaging with investors to boost market confidence.
- Investor Relations Support: The conference call will be accessible via a live audio webcast on the company’s website under the “Investor Relations” section, ensuring investors can receive real-time information and further facilitating communication between the company and its stakeholders.
- Company Background Information: American Assets Trust, Inc. is a full-service, vertically integrated REIT headquartered in San Diego, California, with over 55 years of experience managing approximately 4.3 million square feet of office space and 2.4 million square feet of retail space, showcasing its competitive edge in high-barrier markets.
See More
American Assets Trust to Announce Q4 and Year-End 2025 Earnings on February 3, 2026
- Earnings Announcement Schedule: American Assets Trust will release its Q4 and year-end 2025 earnings after market close on February 3, 2026, showcasing its financial performance and operational results in a highly competitive market.
- Management Conference Call: Senior management will hold a conference call on February 4, 2026, at 8:00 a.m. PT to discuss the earnings report and address investor questions, enhancing communication and transparency with stakeholders.
- Investor Relations Support: The call will feature a live audio webcast and replay available on the company's website, ensuring all investors can access critical information, thereby improving the company's image and trust in the capital markets.
- Company Background Overview: American Assets Trust is a full-service REIT with over 55 years of experience managing approximately 4.3 million square feet of office space and 2.4 million square feet of retail space, demonstrating its strong competitive position in high-barrier markets.
See More
American Assets Trust Q4 2025 Earnings Call Insights
- Financial Performance Exceeds Expectations: American Assets Trust reported an FFO of $2 per share for 2025, approximately 3% above initial expectations, demonstrating resilience in its operations despite known revenue roll-offs and the end of capitalized interest, reflecting strong business fundamentals.
- Active Leasing Activity: The company executed 23 leases totaling over 193,000 square feet in Q4, achieving positive cash leasing spreads of 6.6% and GAAP leasing spreads of 11.5%, indicating significant progress in leasing newer office spaces and enhancing future revenue potential.
- Optimistic 2026 Outlook: The CFO introduced 2026 FFO per share guidance of $1.96 to $2.10, with a midpoint of $2.03, representing an approximate 1.5% increase over 2025 actual FFO, showcasing the company's confidence and growth expectations in the market.
- Stable Shareholder Returns: The Board declared a quarterly dividend of $0.34 per share for Q1 2026, maintaining a stable dividend policy despite market challenges, aimed at bolstering investor confidence and enhancing the company's valuation.
See More
American Assets Trust Q4 Earnings Report Analysis
- Financial Performance: American Assets Trust reported a Q4 FFO of $0.47, missing expectations by $0.01, indicating slight fluctuations in profitability that may affect investor confidence.
- Revenue Trends: The company generated $110.09 million in revenue for Q4, reflecting a 3.0% year-over-year decline, although it beat market expectations by $1.39 million, highlighting challenges in the market environment that could impact future growth strategies.
- Future Guidance: The company introduced guidance for 2026 FFO per diluted share ranging from $1.96 to $2.10, with a midpoint of $2.03, indicating cautious optimism from management regarding future profitability, which may attract income-seeking investors.
- Market Reaction: Following the earnings release, shares increased by 0.06%, suggesting that despite the mixed financial data, the market's response to the future guidance reflects investor recognition of the company's long-term potential.
See More
American Assets Trust Set to Release Q4 Earnings
- Earnings Announcement: American Assets Trust (AAT) is set to announce its Q4 earnings on February 3rd after market close, with a consensus EPS estimate of $0.08, reflecting a year-over-year decline of 27.3%, indicating pressure on profitability.
- Revenue Expectations: Analysts forecast AAT's Q4 revenue at $108.7 million, down 4.2% year-over-year, highlighting challenges the company faces in the current economic environment, which may impact its future investment appeal.
- Performance Beat Record: Over the past year, AAT has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, showcasing strong performance in managing profitability, which enhances investor confidence.
- Portfolio Diversification: AAT's diversified portfolio is considered a significant asset, with Seeking Alpha's Quant Rating underscoring its competitive position in the market, potentially attracting more investor interest.
See More
Real Estate Stocks See Positive EPS Revisions, AAT and Others Rated A+
- Analyst Confidence Boost: American Assets Trust (AAT) received an A+ EPS revision grade with a Quant rating of 3.22, indicating strong analyst confidence in its future performance, which could drive stock price increases.
- Market Expectations Rise: Agree Realty Corporation (ADC) also earned an A+ rating with a Quant score of 4.66, suggesting analysts anticipate its earnings will exceed expectations, potentially attracting more investor interest.
- Earnings Potential Revealed: Both First Industrial Realty Trust (FR) and Getty Realty Corp (GTY) received A+ ratings, with Quant scores of 3.44 and 4.75 respectively, indicating robust performance in profitability that may elicit positive market reactions.
- Industry Leaders: Postal Realty Trust (PSTL) and Strawberry Fields REIT (STRW) also achieved A+ ratings, with Quant scores of 4.88 and 3.47, reflecting their competitive advantages in the real estate sector, likely promoting further stock price increases.
See More
American Assets Trust to Announce Q4 and Year-End 2025 Earnings on February 3, 2026
- Earnings Announcement Schedule: American Assets Trust, Inc. will release its fourth quarter and year-end 2025 earnings after market close on February 3, 2026, which is expected to provide the latest insights into the company's financial health, aiding investors in assessing its market performance.
- Conference Call Timing: Senior management will hold a conference call on February 4, 2026, at 8:00 a.m. Pacific Time to discuss the earnings report details, enhancing transparency and engaging with investors to boost market confidence.
- Investor Relations Support: The conference call will be accessible via a live audio webcast on the company’s website under the “Investor Relations” section, ensuring investors can receive real-time information and further facilitating communication between the company and its stakeholders.
- Company Background Information: American Assets Trust, Inc. is a full-service, vertically integrated REIT headquartered in San Diego, California, with over 55 years of experience managing approximately 4.3 million square feet of office space and 2.4 million square feet of retail space, showcasing its competitive edge in high-barrier markets.
See More
American Assets Trust to Announce Q4 and Year-End 2025 Earnings on February 3, 2026
- Earnings Announcement Schedule: American Assets Trust will release its Q4 and year-end 2025 earnings after market close on February 3, 2026, showcasing its financial performance and operational results in a highly competitive market.
- Management Conference Call: Senior management will hold a conference call on February 4, 2026, at 8:00 a.m. PT to discuss the earnings report and address investor questions, enhancing communication and transparency with stakeholders.
- Investor Relations Support: The call will feature a live audio webcast and replay available on the company's website, ensuring all investors can access critical information, thereby improving the company's image and trust in the capital markets.
- Company Background Overview: American Assets Trust is a full-service REIT with over 55 years of experience managing approximately 4.3 million square feet of office space and 2.4 million square feet of retail space, demonstrating its strong competitive position in high-barrier markets.
See More
