AAT (American Assets Trust) Dividend Payout Ratio: 4.25 (As of Mar. 2026) — 144% Above Median

What is American Assets Trust Dividend Payout Ratio?

American Assets Trust AAT +2.48% 71 Dividend Payout Ratio is 4.25 as of Mar. 2026, which is 144% above its 10-year median of 1.74. 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 718 REITs companies, American Assets Trust ranks worse than 92.06% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. American Assets Trust's Dividend Payout Ratio for the months ended in Mar. 2026 was 4.25.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of American Assets Trust Inc is 4.69, which seems too high.

The historical rank and industry rank for American Assets Trust's Dividend Payout Ratio or its related term are showing as below:

AAT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.37 Med: 1.74 Max: 4.69
Current: 4.69

During the past 13 years, the highest Dividend Payout Ratio of American Assets Trust was 4.69. The lowest was 1.37. And the median was 1.74.

AAT's Dividend Payout Ratio is ranked worse than
92.06% of 718 companies
in the REITs industry
Industry Median: 0.99 vs AAT: 4.69

As of today (2026-06-27), the Dividend Yield % of American Assets Trust is 5.40%.

During the past 13 years, the highest Trailing Annual Dividend Yield of American Assets Trust was 7.56%. The lowest was 2.14%. And the median was 3.46%.

American Assets Trust's Dividends per Share for the months ended in Mar. 2026 was $0.34.

During the past 12 months, American Assets Trust's average Dividends Per Share Growth Rate was 1.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of American Assets Trust was 9.70% per year. The lowest was -1.60% per year. And the median was 4.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

American Assets Trust (NYSE:AAT) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

American Assets Trust Dividend Payout Ratio Related Terms

American Assets Trust Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for American Assets Trust's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

American Assets Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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2.21

1.78

1.57

1.43

3.92

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
Dividend Payout Ratio	Get a 7-Day Free Trial															2.72	3.78	4.86	6.80	4.25

AAT vs SAFE, ESRT, GNL: Dividend Payout Ratio Comparison

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

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

* The bar in red indicates where American Assets Trust's Dividend Payout Ratio falls into.

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71GF Score

American Assets Trust Inc AAT

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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American Assets Trust Dividend Payout Ratio Calculation

American Assets Trust's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.36	/	0.347
	=	3.92

American Assets Trust's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.34	/	0.08
	=	4.25

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 4.25 mean?

American Assets Trust (AAT) has a Dividend Payout Ratio of 4.25 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on American Assets Trust and its competitors. This is 144% above median its historical median of 1.74. Over the past decade, American Assets Trust's Dividend Payout Ratio has ranged from 1.37 to 4.69. According to the industry distribution chart, American Assets Trust ranks #661 out of 718 companies in the REITs industry, placing it in the top 92.1%.

Is American Assets Trust's Dividend Payout Ratio too high?

American Assets Trust's current Dividend Payout Ratio of 4.25 is 144% above median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 4.69. The REITs industry median Dividend Payout Ratio is 0.99. American Assets Trust's value of 4.25 is 329.3% above this industry median. Based on the distribution chart, American Assets Trust ranks #661 out of 718 companies in the REITs industry, which is in the bottom quartile 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 Dividend Payout Ratio compare to SAFE and ESRT?

According to the REITs industry distribution chart, American Assets Trust ranks #661 out of 718 companies for Dividend Payout Ratio. This places American Assets Trust in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. American Assets Trust's value of 4.25 is 329.3% above this benchmark. Historically, American Assets Trust's own Dividend Payout Ratio has ranged from 1.37 to 4.69 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 0.99, 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current Dividend Payout Ratio of 4.25 is 329.3% 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on American Assets Trust and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current Dividend Payout Ratio is 4.25, which is 144% above median its own 10-year median of 1.74. 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 Dividend Payout Ratio is 4.25, which is 144% above median its 10-year median of 1.74 and 329.3% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For American Assets Trust (AAT), the current Dividend Payout Ratio is 4.25 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 $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:

Dividend Payout Ratio: 4.25 (144% above median its 10-year median of 1.74)
GF Value™: $20.60 vs. price of $25.18 (22.2% above fair value)
GF Score™: 71/100 with 13 warning signs
Industry Position: 329.3% above the REITs median (#661 of 718)

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 Estate REITs

Comparable Companies SAFE ESRT GNL JBGS CTO GOOD AHRT OLP FVR NXDT ASX:GMG VICI WPC BSP:HSRE11 ASX:SGP XPAR:COV ASX:CHC ASX:GPT MEX:FUNO11 LSE:LAND

Address 3420 Carmel Mountain Road, Suite 100, San Diego, CA, USA, 92121

Website https://www.americanassetstrust.com

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

$25.18

Price

$20.60

GF Value

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