AAT (American Assets Trust) ROCE %: 3.79% (As of Mar. 2026)


AAT American Assets Trust Inc AAT
71 GF Score
Price $24.15
GF Value $20.60
Valuation Modestly Overvalued
! 13 Warning Signs
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What is American Assets Trust ROCE %?

American Assets Trust AAT -0.92% 71 ROCE % is 3.79% as of Mar. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. American Assets Trust's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.79%.

American Assets Trust  (NYSE:AAT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

American Assets Trust ROCE % Related Terms

American Assets Trust ROCE % Historical Data

* Premium members only.

The historical data trend for American Assets Trust's ROCE % 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 ROCE % Chart

American Assets Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.47 3.99 4.55 4.89 5.02

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
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.70 3.77 3.63 3.41 3.79
AAT
71GF Score
American Assets Trust Inc AAT
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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American Assets Trust ROCE % Calculation

American Assets Trust's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=150.26/( ( (3273.365 - 101.041) + (2921.276 - 108.707) )/ 2 )
=150.26/( (3172.324+2812.569)/ 2 )
=150.26/2992.4465
=5.02 %

American Assets Trust's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=106.188/( ( (2921.276 - 108.707) + (2900.567 - 107.115) )/ 2 )
=106.188/( ( 2812.569 + 2793.452 )/ 2 )
=106.188/2803.0105
=3.79 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 3.79% mean?
American Assets Trust (AAT) has a ROCE % of 3.79% as of Mar. 2026.
Is American Assets Trust's ROCE % too high?
American Assets Trust's current ROCE % is 3.79%. The REITs industry median ROCE % is 5.21. American Assets Trust's value of 3.79% is 27.3% below this industry median. 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 ROCE % compare to SAFE and ESRT?
American Assets Trust's ROCE % of 3.79% can be compared against companies in the REITs industry. The industry median ROCE % is 5.21. American Assets Trust's value of 3.79% is 27.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a REITs company?
The median ROCE % among REITs companies is 5.21, based on 757 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Assets Trust's current ROCE % of 3.79% is 27.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Assets Trust's current ROCE % is 3.79%. 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 $24.15 — trading 17.2% above its estimated fair value. The current ROCE % is 3.79% and 27.3% below the REITs industry median of 5.21. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For American Assets Trust (AAT), the current ROCE % is 3.79% 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 $24.15 is trading 17.2% above its estimated GF Value™ of $20.60. GuruFocus considers American Assets Trust to be Modestly Overvalued.

Key valuation signals for AAT:

  • ROCE %: 3.79%
  • GF Value™: $20.60 vs. price of $24.15 (17.2% above fair value)
  • GF Score™: 71/100 with 13 warning signs
  • Industry Position: 27.3% below the REITs median

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

$24.15
Price
$20.60
GF Value