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American Assets TrustAAT -0.39%72 Equity-to-Asset is 0.39 as of Jun. 2026, which is 3% below its 10-year median of 0.40. GuruFocus rates AAT with a GF Score™ of 72/100 and a GF Value™ of $20.95 (Fairly Valued). The stock has 8 warning signs investors should review. Among 926 REITs companies, American Assets Trust ranks worse than 82.94% on this metric.
American Assets Trust (NYSE:AAT) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
American Assets Trust Equity-to-Asset Related Terms
American Assets Trust Equity-to-Asset Historical Data
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The historical data trend for American Assets Trust's Equity-to-Asset 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.
AAT vs SAFE, GNL, ESRT: Equity-to-Asset Comparison
For the REIT - Diversified subindustry, American Assets Trust's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, American Assets Trust's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where American Assets Trust's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
American Assets Trust's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.39 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on American Assets Trust and its competitors. This is near median its historical median of 0.40. Over the past decade, American Assets Trust's Equity-to-Asset has ranged from 0.35 to 0.48. According to the industry distribution chart, American Assets Trust ranks #768 out of 926 companies in the REITs industry, placing it in the top 82.9%.
Is American Assets Trust's Equity-to-Asset too high?
American Assets Trust's current Equity-to-Asset of 0.39 is near median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.48. The REITs industry median Equity-to-Asset is 0.58. American Assets Trust's value of 0.39 is 32.8% below this industry median. Based on the distribution chart, American Assets Trust ranks #768 out of 926 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 Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Assets Trust's Equity-to-Asset compare to SAFE and GNL?
According to the REITs industry distribution chart, American Assets Trust ranks #768 out of 926 companies for Equity-to-Asset. This places American Assets Trust in the lower half of its industry. The industry median Equity-to-Asset is 0.58. American Assets Trust's value of 0.39 is 32.8% below this benchmark. Historically, American Assets Trust's own Equity-to-Asset has ranged from 0.35 to 0.48 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.58, American Assets Trust has consistently been below 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 Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.58, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current Equity-to-Asset of 0.39 is 32.8% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on American Assets Trust and its competitors. For the REITs industry, the median Equity-to-Asset is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current Equity-to-Asset is 0.39, which is near median its own 10-year median of 0.40. 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 Fairly Valued. The stock's GF Value™ is $20.95, compared to a current price of $22.74 — trading 8.5% above its estimated fair value. The current Equity-to-Asset is 0.39, which is near median its 10-year median of 0.40 and 32.8% below the REITs industry median of 0.58. American Assets Trust's overall GF Score™ is 72/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For American Assets Trust (AAT), the current Equity-to-Asset is 0.39 as of Jun. 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 $22.74 is trading 8.5% above its estimated GF Value™ of $20.95.
GuruFocus considers American Assets Trust to be Fairly Valued.
Key valuation signals for AAT:
Equity-to-Asset: 0.39 (near median its 10-year median of 0.40)
GF Value™: $20.95 vs. price of $22.74 (8.5% above fair value)
Industry Position: 32.8% below the REITs median (#768 of 926)
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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