American Assets Trust, Inc.
American Assets Trust is a publicly traded REIT (NYSE: AAT) that owns and operates a diversified portfolio of retail, office, multifamily, and mixed-use properties across five western U.S. states, serving commercial tenants and residential renters in high-barrier coastal markets.
- Company typePublic
- Founded-
- HeadquartersSan Diego, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What American Assets Trust, Inc. does
American Assets Trust, Inc. is a publicly traded real estate investment trust (NYSE: AAT) headquartered in San Diego that owns and operates a diversified portfolio of more than twenty commercial real estate properties across five U.S. western states: California, Hawaii, Oregon, Texas, and Washington. The company operates across four core property classes — retail (shopping centers and grocery-anchored centers), office (including Class A office buildings and the Lloyd District Portfolio in the Pacific Northwest), multifamily (residential apartment communities), and mixed-use (integrated retail, office, and residential developments) — with an additional active development pipeline including projects such as 14ACRES. The portfolio is concentrated in high-barrier-to-entry coastal markets characterized by limited new supply and strong demographic fundamentals.
The company runs a vertically integrated operating model. Property management and tenant engagement are standardized through third-party platforms: Building Engines powers tenant portals and maintenance request workflows across named properties including Alamo Quarry Market, City Center Bellevue, La Jolla Commons, and La Jolla-area assets, while ClickPay provides online rent payment and billing. These tools support both commercial lease administration and multifamily resident rent collection. Customer-facing distribution is handled directly via in-house leasing teams, the corporate property portfolio website, and tenant self-serve portals, without reliance on third-party broker channels.
American Assets Trust generates revenue primarily through recurring rental income — base rent, percentage rent, and operating expense reimbursements from commercial tenants, supplemented by monthly residential rent from multifamily tenants. Lease terms and pricing are negotiated individually based on property type, location, size, and term, rather than through standardized pricing tiers. Investor relations and capital markets communication are supported by a dedicated IR portal providing SEC filings, financial reporting, dividend information, credit ratings, and analyst coverage, reflecting the company's status as a publicly listed REIT with shareholder-facing disclosure obligations.
American Assets Trust, Inc. firmographics
Firmographics- Name
- American Assets Trust, Inc.
- Legal name
- American Assets Trust, Inc.
- Website
- https://americanassets.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- American Assets Trust is a publicly traded REIT (NYSE: AAT) that owns and operates a diversified portfolio of retail, office, multifamily, and mixed-use properties across five western U.S. states, serving commercial tenants and residential renters in high-barrier coastal markets.
- Ownership category
- akta.pro rank
American Assets Trust, Inc. industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industry
- Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)
Keywords
Where American Assets Trust, Inc. is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
American Assets Trust, Inc. business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Others
Revenue model
- Commercial and Residential Rent: American Assets Trust generates revenue primarily through leasing retail, office, multifamily, and mixed-use properties to tenants. Revenue consists of base rent, percentage rent, and operating expense reimbursements from commercial tenants, as well as monthly rent from multifamily residential tenants.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
American Assets Trust, Inc. product offering
Product offeringCore offering
American Assets Trust is a publicly traded REIT that owns, operates, and leases a diversified portfolio of retail shopping centers, Class A office buildings, multifamily residential communities, mixed-use developments, and a development pipeline across high-barrier-to-entry western U.S. markets. The company generates revenue through base rent, percentage rent, and operating expense reimbursements from commercial tenants, as well as monthly rent from multifamily residential tenants.
Product overview
American Assets Trust, Inc. is a REIT that owns and operates a diversified portfolio of commercial real estate properties. The company operates as a unified platform across five core property types: Retail (shopping centers), Office (class A buildings), Multifamily (residential), Mixed-Use (integrated developments), and Development properties. Properties are concentrated in high-barrier-to-entry coastal markets including California, Hawaii, Oregon, Texas, and Washington.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail Properties Shopping centers and retail spaces located in prime coastal markets including California, Hawaii, Oregon, Texas, and Washington, comprising regional malls, lifestyle centers, and grocery-anchored centers leased to retail tenants.
- Office Properties
- Multifamily Properties
- Mixed-Use Properties
- Development Pipeline
Companies that use American Assets Trust, Inc.
Customer profileSegments3 records
Ideal customer profiles3 records
American Assets Trust, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
American Assets Trust, Inc. partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights4 records
American Assets Trust, Inc. competitors and assessment
Company assessmentEmerging players
- Veris Residential: Smaller multifamily REIT repositioning its portfolio toward class-A urban apartments in the Northeast. Comparable to AAT's multifamily segment by asset type, though smaller in scale and geographically non-overlapping.
Broad incumbents
- Boston Properties: Premier Class A office REIT focused on gateway markets. Comparable to AAT's office segment for asset quality and tenant profile, though much larger and concentrated in Boston, NYC, DC, San Francisco, and LA.
- Kimco Realty: Large-cap open-air shopping center REIT with national footprint. Comparable to AAT's retail segment for similar tenant mix and grocery-anchored strategy, though AAT is more concentrated and smaller.
- AvalonBay Communities: Large-cap national multifamily REIT with significant West Coast exposure. Comparable to AAT's multifamily segment as a coastal-market apartment operator, though materially larger and more diversified nationally.
- Equity Residential: Major urban multifamily REIT with strong coastal gateway-city presence. Comparable to AAT's multifamily pillar and coastal-market positioning, though at significantly larger scale.
- Vornado Realty Trust: Trophy-office and high-street retail REIT in NYC and select coastal markets. Comparable to AAT's office and mixed-use segments, particularly for class-A coastal urban assets like La Jolla Commons.
Direct peers
- Retail Opportunity Investments: West Coast grocery-anchored shopping center REIT. Highly comparable to AAT's retail footprint in California, Oregon, and Washington, and shares the same coastal-market demographic thesis.
- Essex Property Trust: West Coast multifamily REIT operating in California, Seattle, and other Pacific markets. Directly comparable to AAT's multifamily pillar given geographic overlap with California and Pacific Northwest assets.
- Regency Centers: Grocery-anchored shopping center REIT with a West Coast-heavy portfolio. Comparable to AAT's retail segment focus, tenant base quality, and concentration in high-density coastal trade areas.
- Federal Realty Investment Trust: Diversified coastal-focused REIT owning open-air retail, office, and mixed-use properties in supply-constrained markets. Closest direct comparable to AAT given its coastal concentration, mixed property types, and dividend-oriented public REIT structure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
American Assets Trust, Inc. social profiles
Digital presenceAmerican Assets Trust, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
American Assets Trust, Inc. leadership team
Management profileNumber of profiles
American Assets Trust, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
American Assets Trust, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about American Assets Trust, Inc.
What does American Assets Trust, Inc. do?
American Assets Trust is a publicly traded REIT that owns, operates, and leases a diversified portfolio of retail shopping centers, Class A office buildings, multifamily residential communities, mixed-use developments, and a development pipeline across high-barrier-to-entry western U.S. markets. The company generates revenue through base rent, percentage rent, and operating expense reimbursements from commercial tenants, as well as monthly rent from multifamily residential tenants.
Is American Assets Trust, Inc. a public or private company?
American Assets Trust, Inc. is a public company. It is classified as public and is currently operating.
When was American Assets Trust, Inc. founded?
American Assets Trust, Inc. was founded in -1. It employs 101 to 250 people.
Where is American Assets Trust, Inc. based?
American Assets Trust, Inc. is headquartered in San Diego, United States, in the North America region.
How does American Assets Trust, Inc. make money?
One revenue line is on record: commercial and Residential Rent.
Who are American Assets Trust, Inc.'s main competitors?
Veris Residential is listed as an emerging player. Broad incumbents are Boston Properties, Kimco Realty, AvalonBay Communities, Equity Residential and Vornado Realty Trust. Direct peers are Retail Opportunity Investments, Essex Property Trust, Regency Centers and Federal Realty Investment Trust.
Does American Assets Trust, Inc. have an API?
No public API is recorded for American Assets Trust, Inc..
What industry is American Assets Trust, Inc. in?
American Assets Trust, Inc.'s product category is Commercial Real Estate. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of FSAAAKAL, Real Assets — Operating Platforms & Direct Investments. Its NAICS code is 525 and its SIC code is 6798.