NYSE: AAT · Diversified REITs
American Assets Trust (AAT) fair value and price range
As of 26 Sep 2026, Faircurve's model values American Assets Trust (AAT) at $22.66 a share. The stock last closed at $21.55, which puts the model's fair value 5.2% above the price. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 2 Oct 2026. American Assets Trust, Inc.
Faircurve Insights · 26 Sep 2026
American Assets Trust, Inc. (AAT) operates as a fully integrated and internally managed real estate investment trust (REIT), headquartered in San Diego, California. It is a Real Estate, Diversified REITs company.
Faircurve's model on 26 Sep 2026 found a fair value of $22.66 a share. This fair value blends a cash-flow multiple, a dividend model, and the value of the properties. The previous run on 19 Sep 2026 gave $22.79, so the fair value moved -0.6%. The calibrated range over 63 trading days is $19.01 to $27.63, built from the fair value and calibrated weekly against realised prices, and held the price 60% of the time. The model grades the evidence behind this valuation as low.
The model compares American Assets Trust, Inc. (AAT) with Global Net Lease, Inc. (GNL), Safehold Inc. (SAFE), JBG SMITH Properties (JBGS), Broadstone Net Lease, Inc. (BNL), Rithm Capital Corp. (RITM), Essential Properties Realty Trust, Inc. (EPRT), W. P. Carey Inc. (WPC), and VICI Properties Inc. (VICI). The stock's moves around its last 8 earnings reports show a median size of 4.4%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give AAT?
The calibrated range for AAT over 63 trading days is $19.01 to $27.63. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own range is $20.91 to $24.63.
How does AAT compare with similar companies?
The companies in diversified reits closest to American Assets Trust in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| GNL Global Net Lease, Inc. | $8.25 | $8.71 | +5.6% | No verdict on this run |
| SAFE Safehold Inc. | $12.06 | $17.17 | +42.4% | No verdict on this run |
| JBGS JBG SMITH Properties | $10.56 | $5.73 | -45.7% | Low evidence grade |
| BNL Broadstone Net Lease, Inc. | $18.56 | $18.37 | -1.0% | No verdict on this run |
| RITM Rithm Capital Corp. | $8.71 | $15.60 | +79.1% | Gap wider than 60% |
| EPRT Essential Properties Realty Trust, Inc. | $25.90 | $22.32 | -13.8% | No verdict on this run |
| WPC W. P. Carey Inc. | $64.52 | $48.79 | -24.4% | Low evidence grade |
| VICI VICI Properties Inc. | $22.65 | $32.26 | +42.4% | No verdict on this run |
When does AAT report earnings, and how has the stock reacted?
American Assets Trust's next earnings report is scheduled for 27 Oct 2026. Companies can move their dates.
How AAT moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 4.4%.
| Report date | Two session move |
|---|---|
| 28 Jul 2026 | -2.5% |
| 28 Apr 2026 | -3.5% |
| 3 Feb 2026 | +4.2% |
| 28 Oct 2025 | -5.6% |
| 29 Jul 2025 | -4.6% |
| 29 Apr 2025 | +9.2% |
| 4 Feb 2025 | -7.0% |
| 29 Oct 2024 | +1.2% |
American Assets Trust at a glance
American Assets Trust, Inc. (AAT) operates as a fully integrated and internally managed real estate investment trust (REIT), headquartered in San Diego, California.
- Market value
- $1.3B
- Sector
- Real Estate
- Industry
- Diversified REITs
- Beta to the US market
- 0.25
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model values American Assets Trust three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for AAT was $22.79. As of 26 Sep 2026 it is $22.66, a change of -0.6%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about American Assets Trust's valuation
Is American Assets Trust stock undervalued or overvalued?
Faircurve's model puts AAT's fair value at $22.66 a share against a last close of $21.55, as of 26 Sep 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
What is AAT's fair value?
$22.66 a share as of 26 Sep 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $20.91 to $24.63.
What price range does the model give AAT?
$19.01 to $27.63 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does American Assets Trust report earnings next?
The next report is scheduled for 27 Oct 2026. Companies can move their dates.
How much has AAT moved on past earnings reports?
Across its last 8 reports the median two session move was 4.4%, ignoring direction. The largest was +9.2% around the report of 29 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for AAT is low. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It is not a probability that the fair value is right, or that the price reaches it.