AAT (American Assets Trust) EBIT: $103.5 Mil (TTM As of Mar. 2026)


AAT American Assets Trust Inc AAT
71 GF Score
Price $24.57
GF Value $20.60
Valuation Modestly Overvalued
! 13 Warning Signs
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What is American Assets Trust EBIT?

American Assets Trust AAT +0.82% 71 EBIT is $103.5 Mil as of Mar. 2026. GuruFocus rates AAT with a GF Score™ of 71/100 and a GF Value™ of $20.60 (Modestly Overvalued). The stock has 13 warning signs investors should review.

American Assets Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $26.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $103.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Assets Trust's annualized ROC % for the quarter that ended in Mar. 2026 was 3.74%. American Assets Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 628.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. American Assets Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.41%.


American Assets Trust  (NYSE:AAT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

American Assets Trust's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=103.328 * ( 1 - 1.48% )/( (2727.415 + 2718.877)/ 2 )
=101.7987456/2723.146
=3.74 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2921.276 - 81.157 - ( 129.362 - max(0, 108.707 - 221.411+129.362))
=2727.415

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2900.567 - 79.404 - ( 118.34 - max(0, 107.115 - 209.401+118.34))
=2718.877

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

American Assets Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=106.188/( ( (17.246 + max(-101.3, 0)) + (16.54 + max(-100.387, 0)) )/ 2 )
=106.188/( ( 17.246 + 16.54 )/ 2 )
=106.188/16.893
=628.59 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.407 + 0 + 0) - (81.157 + 27.55 + 0)
=-101.3

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.728 + 0 + 0) - (79.404 + 27.711 + 0)
=-100.387

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

American Assets Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=103.503/3032.392
=3.41 %

* 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 EBIT Related Terms


American Assets Trust EBIT Historical Data

* Premium members only.

The historical data trend for American Assets Trust's EBIT 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.

American Assets Trust EBIT Chart

American Assets Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 95.92 114.96 130.44 148.23 150.26

American Assets Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 73.30 27.02 25.85 24.08 26.55

AAT vs SAFE, ESRT, GNL: EBIT Comparison

For the REIT - Diversified subindustry, American Assets Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry

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

* The bar in red indicates where American Assets Trust's EV-to-EBIT falls into.


AAT
71GF Score
American Assets Trust Inc AAT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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American Assets Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $103.5 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $103.5 Mil mean?
American Assets Trust (AAT) has a EBIT of $103.5 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on American Assets Trust.
Is American Assets Trust's EBIT too high?
American Assets Trust's current EBIT is $103.5 Mil. Overall, American Assets Trust has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Assets Trust's EBIT compare to SAFE and ESRT?
American Assets Trust's EBIT of $103.5 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on American Assets Trust. American Assets Trust's current EBIT is $103.5 Mil. 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 $20.60, compared to a current price of $24.57 — trading 19.3% above its estimated fair value. The current EBIT is $103.5 Mil. American Assets Trust's overall GF Score™ is 71/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For American Assets Trust (AAT), the current EBIT is $103.5 Mil 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 $24.57 is trading 19.3% above its estimated GF Value™ of $20.60. GuruFocus considers American Assets Trust to be Modestly Overvalued.

Key valuation signals for AAT:

  • EBIT: $103.5 Mil
  • GF Value™: $20.60 vs. price of $24.57 (19.3% above fair value)
  • GF Score™: 71/100 with 13 warning signs

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 Business Description

Industry Real EstateREITs
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 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.
71GF Score

Get the complete analysis for AAT

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.57
Price
$20.60
GF Value