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American Assets TrustAAT -1.83%72 Debt-to-Equity is 1.49 as of Mar. 2026, which is 6% above its 10-year median of 1.41. GuruFocus rates AAT with a GF Score™ of 72/100 and a GF Value™ of $20.63 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 683 REITs companies, American Assets Trust ranks worse than 84.19% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for American Assets Trust's Debt-to-Equity or its related term are showing as below:
AAT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1 Med: 1.41 Max: 1.8
Current: 1.5
During the past 13 years, the highest Debt-to-Equity Ratio of American Assets Trust was 1.80. The lowest was 1.00. And the median was 1.41.
AAT's Debt-to-Equity is ranked worse than 84.19% of 683
companies
in the REITs industry
Industry Median: 0.78
vs AAT: 1.50
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
American Assets Trust Debt-to-Equity Related Terms
American Assets Trust Debt-to-Equity Historical Data
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The historical data trend for American Assets Trust's Debt-to-Equity 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.
For the REIT - Diversified subindustry, American Assets Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, American Assets Trust's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where American Assets Trust's Debt-to-Equity falls into.
* 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 (AAT) has a Debt-to-Equity of 1.49 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on American Assets Trust and its competitors. This is near median its historical median of 1.41. Over the past decade, American Assets Trust's Debt-to-Equity has ranged from 1.00 to 1.80. According to the industry distribution chart, American Assets Trust ranks #575 out of 683 companies in the REITs industry, placing it in the top 84.2%.
Is American Assets Trust's Debt-to-Equity too high?
American Assets Trust's current Debt-to-Equity of 1.49 is near median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 1.80. The REITs industry median Debt-to-Equity is 0.78. American Assets Trust's value of 1.49 is 91% above this industry median. Based on the distribution chart, American Assets Trust ranks #575 out of 683 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, American Assets Trust has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Assets Trust's Debt-to-Equity compare to SAFE and GNL?
According to the REITs industry distribution chart, American Assets Trust ranks #575 out of 683 companies for Debt-to-Equity. This places American Assets Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.78. American Assets Trust's value of 1.49 is 91% above this benchmark. Historically, American Assets Trust's own Debt-to-Equity has ranged from 1.00 to 1.80 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 0.78, American Assets Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current Debt-to-Equity of 1.49 is 91% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on American Assets Trust and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current Debt-to-Equity is 1.49, which is near median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Assets Trust stock overvalued right now?
Based on GuruFocus' analysis, American Assets Trust (AAT) is currently considered Modestly Overvalued. The stock's GF Value™ is $20.63, compared to a current price of $23.59 — trading 14.3% above its estimated fair value. The current Debt-to-Equity is 1.49, which is near median its 10-year median of 1.41 and 91% above the REITs industry median of 0.78. American Assets Trust's overall GF Score™ is 72/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For American Assets Trust (AAT), the current Debt-to-Equity is 1.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is American Assets Trust (AAT) Overvalued in 2026?
Based on GuruFocus' analysis, American Assets Trust stock appears to be overvalued.
The current stock price of $23.59 is trading 14.3% above its estimated GF Value™ of $20.63.
GuruFocus considers American Assets Trust to be Modestly Overvalued.
Key valuation signals for AAT:
Debt-to-Equity: 1.49 (near median its 10-year median of 1.41)
GF Value™: $20.63 vs. price of $23.59 (14.3% above fair value)
Industry Position: 91% above the REITs median (#575 of 683)
No single metric tells the full story. See the AAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 predominantly 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.
72GF Score
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