American Assets TrustAAT +0.82%71 ROA % is 0.93% as of Mar. 2026, which is 54% below its 10-year median of 2.03. 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 938 REITs companies, American Assets Trust ranks worse than 73.88% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. American Assets Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $27.0 Mil.
American Assets Trust's average Total Assets over the quarter that ended in Mar. 2026 was $2,910.9 Mil. Therefore, American Assets Trust's annualized ROA % for the quarter that ended in Mar. 2026 was 0.93%.
The historical rank and industry rank for American Assets Trust's ROA % or its related term are showing as below:
AAT'
s ROA % Range Over the Past 10 Years
Min: 0.82 Med: 2.03 Max: 2.41
Current: 0.82
During the past 13 years, American Assets Trust's highest ROA % was 2.41%. The lowest was 0.82%. And the median was 2.03%.
AAT's ROA % is ranked worse than 73.88% of 938
companies
in the REITs industry
Industry Median: 3.23
vs AAT: 0.82
American Assets Trust (NYSE:AAT) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the REIT - Diversified subindustry, American Assets Trust's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, American Assets Trust's ROA % distribution charts can be found below:
* The bar in red indicates where American Assets Trust's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
American Assets Trust (AAT) has a ROA % of 0.93% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on American Assets Trust and its competitors. This is 54% below median its historical median of 2.03. Over the past decade, American Assets Trust's ROA % has ranged from 0.82 to 2.41. According to the industry distribution chart, American Assets Trust ranks #693 out of 938 companies in the REITs industry, placing it in the top 73.9%.
Is American Assets Trust's ROA % too high?
American Assets Trust's current ROA % of 0.93% is 54% below median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 2.41. The REITs industry median ROA % is 3.23. American Assets Trust's value of 0.93% is 71.2% below this industry median. Based on the distribution chart, American Assets Trust ranks #693 out of 938 companies in the REITs industry, which is below the industry midpoint. 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 ROA % compare to SAFE and ESRT?
According to the REITs industry distribution chart, American Assets Trust ranks #693 out of 938 companies for ROA %. This places American Assets Trust in the lower half of its industry. The industry median ROA % is 3.23. American Assets Trust's value of 0.93% is 71.2% below this benchmark. Historically, American Assets Trust's own ROA % has ranged from 0.82 to 2.41 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 3.23, 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.23, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current ROA % of 0.93% is 71.2% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on American Assets Trust and its competitors. For the REITs industry, the median ROA % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current ROA % is 0.93%, which is 54% below median its own 10-year median of 2.03. 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 $24.57 — trading 19.3% above its estimated fair value. The current ROA % is 0.93%, which is 54% below median its 10-year median of 2.03 and 71.2% below the REITs industry median of 3.23. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For American Assets Trust (AAT), the current ROA % 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 $24.57 is trading 19.3% above its estimated GF Value™ of $20.60.
GuruFocus considers American Assets Trust to be Modestly Overvalued.
Key valuation signals for AAT:
ROA %: 0.93% (54% below median its 10-year median of 2.03)
GF Value™: $20.60 vs. price of $24.57 (19.3% above fair value)
Industry Position: 71.2% below the REITs median (#693 of 938)
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
Get the complete analysis for AAT
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AAT has been successfully added to your 
