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American Assets Trust (American Assets Trust) Intrinsic Value: Projected FCF : $21.59 (As of Apr. 25, 2024)


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What is American Assets Trust Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-25), American Assets Trust's Intrinsic Value: Projected FCF is $21.59. The stock price of American Assets Trust is $21.29. Therefore, American Assets Trust's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for American Assets Trust's Intrinsic Value: Projected FCF or its related term are showing as below:

AAT' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.98   Med: 2.16   Max: 3.06
Current: 0.99

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of American Assets Trust was 3.06. The lowest was 0.98. And the median was 2.16.

AAT's Price-to-Projected-FCF is ranked worse than
75.23% of 549 companies
in the REITs industry
Industry Median: 0.66 vs AAT: 0.99

American Assets Trust Intrinsic Value: Projected FCF Historical Data

The historical data trend for American Assets Trust's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Assets Trust Intrinsic Value: Projected FCF Chart

American Assets Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.86 19.79 21.72 21.65 21.59

American Assets Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.65 22.06 21.85 21.89 21.59

Competitive Comparison of American Assets Trust's Intrinsic Value: Projected FCF

For the REIT - Diversified subindustry, American Assets Trust's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Assets Trust's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Assets Trust's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where American Assets Trust's Price-to-Projected-FCF falls into.



American Assets Trust Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get American Assets Trust's Free Cash Flow(6 year avg) = $72.54.

American Assets Trust's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*72.53504+1197.858*0.8)/76.376
=21.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


American Assets Trust  (NYSE:AAT) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

American Assets Trust's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=21.29/21.588528907345
=0.99

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


American Assets Trust Intrinsic Value: Projected FCF Related Terms

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American Assets Trust (American Assets Trust) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3420 Carmel Mountain Road, Suite 100, San Diego, CA, USA, 92121
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are primarily located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
Executives
Ernest S Rady director, 10 percent owner, officer: Executive Chairman 23 PASTEUR ROAD, C/O WESTCORP, IRVINE CA 92618
Nina A Tran director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Adam Wyll officer: Senior VP, Gen Counsel and Sec 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Robert F. Barton officer: Executive Vice President & CFO 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Joy L. Schaefer director 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Duane Nelles director 23 PASTEUR ROAD, IRVINE CA 92618
Jerry Gammieri officer: V. P. Construction and Devlp 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Patrick Kinney officer: Senior VP of Real Estate Ops 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
John W. Chamberlain director, officer: CEO and President 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
American Assets Inc 10 percent owner 3430 CARMEL MOUNTAIN ROAD, SUITE 150, SAN DIEGO CA 92121
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Larry E Finger director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Thomas S Olinger director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Robert S Sullivan director P O BOX 1637, HOUSTON TX 77251
Lange Edward F Jr director 405 PARK AVENUE, NEW YORK NY 10022

American Assets Trust (American Assets Trust) Headlines