AAT (American Assets Trust) Moat Score: 5/10 (As of Jun. 29, 2026)


AAT American Assets Trust Inc AAT
71 GF Score
Price $25.18
GF Value $20.60
Valuation Modestly Overvalued
! 13 Warning Signs
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What is American Assets Trust Moat Score?

American Assets Trust AAT +2.48% 71 Moat Score is 5 as of Jun. 29, 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. Among 993 REITs companies, American Assets Trust ranks better than 95.07% on this metric.

American Assets Trust has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

American Assets Trust has Narrow Moat: American Assets Trust Inc benefits from a solid narrow moat due to its strong real estate portfolio and strategic locations, which provide some pricing power and customer loyalty. However, it lacks significant network effects or exclusive licenses.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes American Assets Trust might have Narrow Moat - Solid narrow moat.

American Assets Trust  (NYSE:AAT) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

American Assets Trust Moat Score Related Terms

AAT vs GNL, SAFE, ESRT: Moat Score Comparison

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

For the REITs industry and Real Estate sector, American Assets Trust's Moat Score distribution charts can be found below:

* The bar in red indicates where American Assets Trust's Moat Score falls into.


AAT
71GF Score
American Assets Trust Inc AAT
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
American Assets Trust (AAT) has a Moat Score of 5 as of Jun. 29, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, American Assets Trust ranks #49 out of 993 companies in the REITs industry, placing it in the top 4.9%.
Is American Assets Trust's Moat Score too high?
American Assets Trust's current Moat Score is 5. Based on the distribution chart, American Assets Trust ranks #49 out of 993 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to GNL and SAFE?
According to the REITs industry distribution chart, American Assets Trust ranks #49 out of 993 companies for Moat Score. This places American Assets Trust in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. American Assets Trust's current Moat Score is 5. 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 $25.18 — trading 22.2% above its estimated fair value. The current Moat Score is 5. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For American Assets Trust (AAT), the current Moat Score is 5 as of Jun. 29, 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 $25.18 is trading 22.2% above its estimated GF Value™ of $20.60. GuruFocus considers American Assets Trust to be Modestly Overvalued.

Key valuation signals for AAT:

  • Moat Score: 5
  • GF Value™: $20.60 vs. price of $25.18 (22.2% 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

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

$25.18
Price
$20.60
GF Value