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American Assets TrustAAT +0.02%72 Return-on-Tangible-Asset is 0.93% as of Mar. 2026, which is 54% below its 10-year median of 2.04. GuruFocus rates AAT with a GF Score™ of 72/100 and a GF Value™ of $20.61 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 939 REITs companies, American Assets Trust ranks worse than 73.59% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. American Assets Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $27.0 Mil. American Assets Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $2,899.7 Mil. Therefore, American Assets Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.93%.
The historical rank and industry rank for American Assets Trust's Return-on-Tangible-Asset or its related term are showing as below:
AAT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.82 Med: 2.04 Max: 2.43
Current: 0.82
During the past 13 years, American Assets Trust's highest Return-on-Tangible-Asset was 2.43%. The lowest was 0.82%. And the median was 2.04%.
AAT's Return-on-Tangible-Asset is ranked worse than 73.59% of 939
companies
in the REITs industry
Industry Median: 3.24
vs AAT: 0.82
American Assets Trust (NYSE:AAT) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
American Assets Trust Return-on-Tangible-Asset Related Terms
American Assets Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for American Assets Trust's Return-on-Tangible-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.
American Assets Trust Return-on-Tangible-Asset Chart
AAT vs GNL, SAFE, ESRT: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, American Assets Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, American Assets Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where American Assets Trust's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.93% mean?
American Assets Trust (AAT) has a Return-on-Tangible-Asset of 0.93% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on American Assets Trust and its competitors. This is 54% below median its historical median of 2.04. Over the past decade, American Assets Trust's Return-on-Tangible-Asset has ranged from 0.82 to 2.43. According to the industry distribution chart, American Assets Trust ranks #691 out of 939 companies in the REITs industry, placing it in the top 73.6%.
Is American Assets Trust's Return-on-Tangible-Asset too high?
American Assets Trust's current Return-on-Tangible-Asset of 0.93% is 54% below median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 2.43. The REITs industry median Return-on-Tangible-Asset is 3.24. American Assets Trust's value of 0.93% is 71.3% below this industry median. Based on the distribution chart, American Assets Trust ranks #691 out of 939 companies in the REITs industry, which is below the industry midpoint. Overall, American Assets Trust has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Assets Trust's Return-on-Tangible-Asset compare to GNL and SAFE?
According to the REITs industry distribution chart, American Assets Trust ranks #691 out of 939 companies for Return-on-Tangible-Asset. This places American Assets Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.24. American Assets Trust's value of 0.93% is 71.3% below this benchmark. Historically, American Assets Trust's own Return-on-Tangible-Asset has ranged from 0.82 to 2.43 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 3.24, 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.24, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current Return-on-Tangible-Asset of 0.93% is 71.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on American Assets Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current Return-on-Tangible-Asset is 0.93%, which is 54% below median its own 10-year median of 2.04. 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 $20.61, compared to a current price of $25.15 — trading 22% above its estimated fair value. The current Return-on-Tangible-Asset is 0.93%, which is 54% below median its 10-year median of 2.04 and 71.3% below the REITs industry median of 3.24. American Assets Trust's overall GF Score™ is 72/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For American Assets Trust (AAT), the current Return-on-Tangible-Asset is 0.93% 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 $25.15 is trading 22% above its estimated GF Value™ of $20.61.
GuruFocus considers American Assets Trust to be Modestly Overvalued.
Key valuation signals for AAT:
Return-on-Tangible-Asset: 0.93% (54% below median its 10-year median of 2.04)
GF Value™: $20.61 vs. price of $25.15 (22% above fair value)
Industry Position: 71.3% below the REITs median (#691 of 939)
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
Get the complete analysis for AAT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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