American Assets TrustAAT +0.92%71 Pretax Margin % is 6.18% as of Mar. 2026, which is 56% below its 10-year median of 14.16. 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 927 REITs companies, American Assets Trust ranks worse than 79.83% on this metric.
The historical rank and industry rank for American Assets Trust's Pretax Margin % or its related term are showing as below:
AAT'
s Pretax Margin % Range Over the Past 10 Years
Min: 5.58 Med: 14.16 Max: 16.63
Current: 5.58
AAT's Pretax Margin % is ranked worse than 79.83% of 927
companies
in the REITs industry
Industry Median: 46.7
vs AAT: 5.58
American Assets Trust (NYSE:AAT) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
American Assets Trust Pretax Margin % Related Terms
American Assets Trust Pretax Margin % Historical Data
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The historical data trend for American Assets Trust's Pretax Margin % 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, ESRT, GNL: Pretax Margin % Comparison
For the REIT - Diversified subindustry, American Assets Trust's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, American Assets Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where American Assets Trust's Pretax Margin % 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 Pretax Margin % of 6.18% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on American Assets Trust and its competitors. This is 56% below median its historical median of 14.16. Over the past decade, American Assets Trust's Pretax Margin % has ranged from 5.58 to 16.63. According to the industry distribution chart, American Assets Trust ranks #740 out of 927 companies in the REITs industry, placing it in the top 79.8%.
Is American Assets Trust's Pretax Margin % too high?
American Assets Trust's current Pretax Margin % of 6.18% is 56% below median its 10-year median of 14.16. Over the past 10 years, this metric has ranged from a low of 5.58 to a high of 16.63. The REITs industry median Pretax Margin % is 46.70. American Assets Trust's value of 6.18% is 86.8% below this industry median. Based on the distribution chart, American Assets Trust ranks #740 out of 927 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 Pretax Margin % compare to SAFE and ESRT?
According to the REITs industry distribution chart, American Assets Trust ranks #740 out of 927 companies for Pretax Margin %. This places American Assets Trust in the lower half of its industry. The industry median Pretax Margin % is 46.70. American Assets Trust's value of 6.18% is 86.8% below this benchmark. Historically, American Assets Trust's own Pretax Margin % has ranged from 5.58 to 16.63 over the past decade. While the company's 10-year median is 14.16 vs. the industry median of 46.70, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current Pretax Margin % of 6.18% is 86.8% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on American Assets Trust and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current Pretax Margin % is 6.18%, which is 56% below median its own 10-year median of 14.16. 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 $24.80 — trading 20.4% above its estimated fair value. The current Pretax Margin % is 6.18%, which is 56% below median its 10-year median of 14.16 and 86.8% below the REITs industry median of 46.70. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For American Assets Trust (AAT), the current Pretax Margin % is 6.18% 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 $24.80 is trading 20.4% above its estimated GF Value™ of $20.60.
GuruFocus considers American Assets Trust to be Modestly Overvalued.
Key valuation signals for AAT:
Pretax Margin %: 6.18% (56% below median its 10-year median of 14.16)
GF Value™: $20.60 vs. price of $24.80 (20.4% above fair value)
Industry Position: 86.8% below the REITs median (#740 of 927)
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.
71GF Score
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