AAT American Assets Trust margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 47

Gross margin

60.6%

Operating margin

22.8%

EBITDA margin

51.4%

Net margin

4.1%

Currently, American Assets Trust has a gross margin of 60.6%, an operating margin of 22.8%, an EBITDA margin of 51.4%, and a net margin of 4.1%. Net margin led the decline across the available margins, contracting by 12.2 percentage points.

AAT margin history

Gross, operating, EBITDA and net margin trends

American Assets Trust's margins averaged 62.26% gross, 26.08% operating, 56.37% EBITDA, and 11.78% net during the last 3 years. Each of the four current margins is below its three-year average.

AAT margin expansion

Year-over-year margin changes in percentage points

Net margin led the decline, falling by 12.2 percentage points, while the other available margins also decreased.

Gross margin expansion

-2.3pp

Operating margin expansion

-4pp

EBITDA margin expansion

-10.8pp

Net margin expansion

-12.2pp

AAT Gross margin

Looking back over the last 3 years, American Assets Trust recorded an average gross margin of 62.26%. American Assets Trust's current gross margin is 60.6% and is 1.7 percentage points below its three-year average. The highest gross margin for American Assets Trust was 63.4% in Dec 2024, while the lowest was 60.6% in Jun 2026.

AAT Operating margin

Throughout the last 3 years, American Assets Trust had an average operating margin of 26.08%. The current operating margin stands at 22.8%, 3.3 percentage points below its three-year average. Looking back over the last 3 years, American Assets Trust's operating margin reached 28.2% at its highest point in Dec 2024 and 22.8% at its lowest in Mar 2026.

AAT EBITDA margin

The average EBITDA margin for American Assets Trust was 56.37% during the last 3 years. At present, the current EBITDA margin for American Assets Trust is 51.4%, 5 percentage points below its three-year average. The EBITDA margin for American Assets Trust moved between 51.4% in Jun 2026 and 62.2% in Jun 2025.

AAT Net margin

American Assets Trust recorded an average net margin of 11.78% across the last 3 years. American Assets Trust currently reports a net margin of 4.1%, 7.7 percentage points below its three-year average. During this period, net margin reached a high of 17.6% in Mar 2025 and a low of 4.1% in Jun 2026.

AAT margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 60.6%, AAT ranks lower than the Real Estate sector, the industry and its peers average. But in comparison with the Real Estate sector average of 62.8%, American Assets Trust's gross margin is only 3.5% lower.

AAT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is American Assets Trust's gross margin?

As of Jun 30, 2026, AAT has a gross margin of 60.6%.

What is American Assets Trust's operating margin?

The current operating margin for AAT is 22.8% as of Jun 30, 2026.

What is American Assets Trust's EBITDA margin?

The current EBITDA margin for AAT is 51.4% as of Jun 30, 2026.

What is American Assets Trust's net margin?

For the period ending Jun 30, 2026, AAT recorded a net margin of 4.1%.

What are the average margins of AAT?

Across the last 3 years, AAT averaged 62.3% gross, 26.1% operating, 56.4% EBITDA, and 11.8% net.

What are the highest historical margins of AAT?

Over the last 5 years, American Assets Trust's highest margins were 65.5% gross in Mar 2022, 28.2% operating in Dec 2024, 62.2% EBITDA in Jun 2025, and 17.6% net in Mar 2025.

What are the lowest historical margins of AAT?

Across the 5-year period, AAT posted its lowest margins at 60.6% gross in Jun 2026, 22.8% operating in Mar 2026, 51.4% EBITDA in Jun 2026, and 4.1% net in Jun 2026.