Phillips Edison, Tanger and American Assets Trust stand to gain as essential retail demand, tight supply and strong leasing support growth.
Let's talk about high yield stocks that are seeing strong buying from insiders.
American Assets Trust is a diversified REIT with significant office, retail, multifamily, and mixed-use exposure, primarily on the West Coast and Hawaii. I rate AAT a Hold due to lackluster FFO growth, elevated valuation at 18.2x AFFO, and limited near-term catalysts for capital appreciation. FFO per share guidance for 2024 is flat at $1.96–$2.10, with multifamily as the portfolio's lone bright spot and mixed-use/retail underperforming.
| Diversified REITs Industry | Real Estate Sector | Adam Wyll CEO | XMIL Exchange | US0240131047 ISIN |
| US Country | 238 Employees | 4 Jun 2026 Last Dividend | - Last Split | 13 Jan 2011 IPO Date |
American Assets Trust, Inc. stands as a full-service, vertical integration, and self-administered real estate investment trust (REIT), with its headquarters rooted in San Diego, California. The organization prides itself on a comprehensive background spanning over 55 years in the acquisition, improvement, development, and management of premier office, retail, and residential properties across the United States. It targets some of the nation's most dynamic markets that are characterized by high barriers to entry, focusing primarily on locations in Southern California, Northern California, Washington, Oregon, Texas, and Hawaii. Inherited from the real estate business of American Assets, Inc., a privately held corporation established in 1967, American Assets Trust, Inc. was officially formed in 2011. This heritage provides the company with a robust foundation of experience, long-standing relationships, and an in-depth understanding of its core markets, submarkets, and property types.
The company's office portfolio is substantial, encompassing approximately 4.1 million rentable square feet. These properties are strategically positioned in high-demand areas, catering to a variety of tenants that require premium office spaces for their operations. The focus on dynamic, high-barrier-to-entry markets ensures a consistent demand for these spaces, contributing to the company's stability and growth.
With approximately 3.1 million rentable square feet, American Assets Trust's retail portfolio showcases a selection of retail spaces designed to meet the diverse needs of businesses and consumers alike. These properties are located in prime markets, offering a blend of shopping, dining, and entertainment options that attract a steady stream of visitors and potential customers.
The company manages one mixed-use property that includes around 94,000 rentable square feet of retail space coupled with a 369-room all-suite hotel. This combination of retail and hospitality in a single location leverages the synergies between shopping and accommodation, offering a comprehensive experience for visitors and guests.
American Assets Trust, Inc. also owns 2,110 multifamily units, providing residential spaces within its portfolio. These units cater to the housing needs of various communities, offering comfortable living options that are integrated into or located near the company's commercial properties. This creates a holistic living environment that benefits from the proximity to amenities and services.