American Assets Trust has been acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States. The company was founded in 1967 and is based in San Diego, California.
AAT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for AAT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that American Assets Trust Inc ranked in the 53th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of American Assets Trust Inc, consider:
The company's compound free cash flow growth rate over the past 4.51 years comes in at 0.37%; that's greater than 73.83% of US stocks we're applying DCF forecasting to.
American Assets Trust Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 0% of US stocks with positive free cash flow.
The weighted average cost of capital for the company is 9. This value is greater than 62.07% stocks in the Real Estate sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
EQR, CORR, WY, GLPI, and RVI can be thought of as valuation peers to AAT, in the sense that they are in the Real Estate sector and have a similar price forecast based on DCF valuation.
SAN DIEGO, Jan. 20, 2021 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) announced today the tax treatment of its 2020 dividend distributions as follows: Security Descriptions: Common StockCUSIP: 024013104Ticker Symbol: AAT Record DatePayable DateTotal Distribution Per ShareAllocable to 2020Taxable Ordinary DividendReturn of CapitalLT Capital GainUnrecaptured Section 1250 GainSection 199A Dividends03/12/2003/26/20$0.30$0.30$0.196825$0.103175$0.000000$0.000000$0.19682506/11/2006/25/20$0.20$0.20$0.131217$0.068783$0.000000$0.000000$0.13121709/10/2009/24/20$0.25$0.25$0.164021$0.085979$0.000000$0.000000$0.16402112/10/2012/24/20$0.25$0.25$0.164021$0.085979$0.000000$0.000000$0.164021Total$1.00$1.00$0.656084$0.343916$0.000000$0.000000$0.656084 The Company did not inc...
American Assets Trust (AAT) operating partnership, American Assets Trust, L.P. prices a public offering of $500M aggregate principal amount of 3.375% senior notes due 2031.The notes were priced at 98.935% of the principal amount and will mature on February 1, 2031. Offering is expected to settle on January 26, 2021.Operating...
Moody's Investors Service ("Moody's") assigned a Baa3 rating to American Assets Trust, L.P.'s ("AAT") proposed $500 million unsecured notes due 2031. AAT intends to use the proceeds from its debut offering for the repayment of certain debt outstanding, the repayment of the outstanding borrowings under the revolving line of credit under its second amended and restated credit facility, the development of La Jolla Commons III, and the remainder for working capital and general corporate purposes. American Assets Trust's Baa3 rating reflects the REIT's diverse and high quality portfolio of office, retail, and multifamily assets, strong fixed charge coverage, and modest leverage as measured by net debt to EBITDA that has declined in recent years.
SAN DIEGO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “company”) today announced that its operating partnership, American Assets Trust, L.P. (the “operating partnership”), has priced a public offering of $500 million aggregate principal amount of 3.375% senior notes due 2031 (the “Notes”). The Notes were priced at 98.935% of the principal amount and will mature on February 1, 2031. The offering is expected to settle on January 26, 2021, subject to the satisfaction of customary closing conditions. The Notes will be fully and unconditionally guaranteed by the company. The operating partnership intends to use the net proceeds from this offering as follows: approximately $175 million for the development of La Jolla Commons III, approximately $155 million...
Moody's Investors Service ("Moody's") has affirmed American Assets Trust, Inc's (AAT) Baa3 issuer rating. In the same rating action, the rating agency also assigned a (P)Baa3 rating to American Assets Trust, L.P.'s senior unsecured shelf. The affirmation and assignment reflect American Assets Trust's diverse and high quality portfolio of office, retail, and multifamily assets, strong fixed charge coverage, and modest leverage as measured by net debt to EBITDA that has declined in recent years.