Positive context积极背景
Stocks股票 / Real Estate / AAT
American Assets Trust · Real Estate
AAT US listed · USD美股 · 美元
Small cap小盘 · $1B
Real Estate
S&P 600标普600小盘Russell 2000罗素2000
Distressed困境股
$21.36
Regular quote常规时段报价
+$0.07 · +0.33%
Extended quote unavailable. Showing the regular quote.盘前盘后报价暂不可用，现显示常规时段报价。
Pre-market盘前
·
52w low52周低 $17.01high高 $26.06
Lagging — relative weakness落后 — 相对弱势
Daily low forming, but the bigger trend is still bearish. Small size only; stop below 20.47.日线低点正在形成，但大趋势仍偏空。只适合小仓位；止损设于 20.47 下方。
As of 2026-10-26截至 2026-10-26
Company news公司新闻
The latest reporting最新报道
One story, with the reporting behind it.将同一事件汇总，保留各来源报道。
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-10-26
Momentum (RSI 14)动量（RSI 14）
49
Neutral zone中性区域
vs 50-day average相对50日均线
-1.8% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
+1.1% above上方
Long trend up长期向上
Volatility波动率
54th percentile第54百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-10-272
Estimates being cut预期下调
Mixed — beat 0 of last 4 quarters表现不稳 — 近 4 季中 0 季超预期
Post-earnings drift: -7.7% (20d)财报后漂移：-7.7%（20日）
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 -0.5%
Valuation估值
Looks cheap vs sector相对行业偏便宜| Multiple指标 | AAT | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/B市净率 | 1.14x | 1.76 | |
| P/S市销率 | 3.01x | 6.28 | |
| EV/EBITDA企业价值/EBITDA | 10.55x | 14.17 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$436.2M2025
20202025
5-yr growth5年复合增速 4.8%
Earnings per share每股收益
$0.922025
20202025
5-yr growth5年复合增速 14.9%
Gross margin毛利率
61.1%
Operating margin营业利润率
33.5%
FCF margin自由现金流利润率
38.3%
Balance-sheet quality财务体质 6/8
Bankruptcy risk: distress zone破产风险：警戒区
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA5.75
Capital allocation资本配置
Stock-based comp股权薪酬$7.4M
Share count change (1y)股数变化（1年）+0.4%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $0 due — about 0% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $0，约占其披露本金的 0%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$0
Year 2第2年
$425.0M
Year 3第3年
$0
Year 4第4年
$100.0M
Year 5第5年
$150.0M
After year 55年以后
$1.0B
A cash-flow scenario is unavailable until the filing inputs are verified.报告数据核实前，现金流情景暂不可用。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001500217-26-000008, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-10-22T08:00:06.232909+00:00.
6/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
AAT daily MACD crossed upAAT 日线MACD上穿
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： +$31.3M net (1 buyers, 0 sellers)+$31.3M 净值（1 买家，0 卖家）
Signal history信号历史
engine events引擎事件
NEARING A HIGH → UNCONFIRMED TURN接近高点 → 未确认转向
HIGH-RISK · NIMBLE ONLY. A daily bottoming setup is forming (swing low in, momentum turned up) — but the higher timeframes haven't confirmed it: the bigger picture is still bearish (weekly momentum negative; investor cycle overdue). This is an UNCONFIRMED TURN, not a confirmed buy. Weekly confirmation lags price, so this exact reading covers BOTH bounces that fail AND the first leg of a genuine new cycle — you can't tell which in real time, so treat it as a risk/size signal, not a direction call. Measured: weekly-unconfirmed bottoming setups held the low ~49% of the time vs ~68% once the weekly turns up. The daily cycle has also failed (broke its own start low), which tilts the odds toward failure here高风险 · 仅限灵活操作。正在形成日线筑底形态（摆动低点已现、动量转向上行）——但更高周期尚未确认：大局仍偏空（周线动量为负；投资者周期已逾期）。这是「未确认转向」，并非已确认的买入。周线确认滞后于价格，因此同样的读数既涵盖最终失败的反弹，也涵盖真正新周期的第一段——实时无法判定属于哪一种，故应将其视为风险/仓位信号，而非方向判断。实测：周线未确认的筑底形态约 49% 守住低点，周线转向后升至约 68%。日线周期同样已经失败（跌破其自身起始低点），此处概率更偏向失败
Oct 23, 2026
AAT daily MACD crossed upAAT 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $21.36.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$21.36。
Oct 22, 2026
AAT reclaimed its 200-day averageAAT 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $21.29.收盘重回200日均线 — 经典的多头分界线。$21.29。
Oct 22, 2026
AAT StochRSI turned up from oversoldAAT StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $21.29.StochRSI重回20上方 — 下行动量趋缓的最早预警。$21.29。
Oct 19, 2026
AAT lost its 200-day averageAAT 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $20.62.收盘跌破200日均线 — 经典的空头分界线。$20.62。
Oct 19, 2026
AAT broke down vs the marketAAT 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $20.62.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$20.62。
Oct 19, 2026
AAT daily MACD crossed downAAT 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $20.62.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$20.62。
Oct 16, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Oct 14, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Oct 6, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Oct 5, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Showing the last 15 of显示最近15条，共 288 signals条信号
Company profile公司档案
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Profitability盈利能力
Below market低于市场
Investment资本投入
Above market高于市场
Low volatility低波动
Above market高于市场
Low market beta低市场敏感度
Above market高于市场
Short interest空头兴趣
Below market低于市场
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| Price / Book市净率 | 1.1× | 1.8× | 75% |
| Price / Sales市销率 | 3.0× | 6.3× | 77% |
| EV / EBITDAEV/EBITDA | 10.6× | 14.2× | 74% |
| Free-cash-flow yield自由现金流收益率 | 12.7% | 7.3% | 87% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
47/100 — middle of the pack居中
vs market, 3 months相对大盘（3个月）
27/100 — weaker than most弱于多数
vs market, 6 months相对大盘（6个月）
53/100 — middle of the pack居中
vs market, 12 months相对大盘（12个月）
48/100 — middle of the pack居中
Rank in sector行业内排名
#37 / 100
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +0.4% | -0.4% |
| 1 Month近1月 | -0.6% | -1.0% |
| 3 Months近3月 | -12.1% | +3.1% |
| 6 Months近6月 | +3.7% | +7.0% |
| Year to date年初至今 | +17.4% | +12.1% |
| 1 Year近1年 | +12.7% | +14.4% |
| 3 Years近3年 | +43.6% | +86.0% |
Trading information交易信息
Beta vs market贝塔
0.37
Volatility rank波动率分位
54th pctile
Short interest空头占比
2.9% of float
Market cap市值
$1B
Off 52-week high距52周高点
-17.4%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $345M | $376M | $423M | $441M | $458M | $436M |
| EPS每股收益 | $0.46 | $0.47 | $0.72 | $0.84 | $0.94 | $0.92 |
| Free cash flow自由现金流 | — | — | — | — | — | — |
| Gross margin毛利率 | 64.8% | 65.5% | 63.9% | 62.8% | 63.4% | 61.1% |
| Net margin净利率 | 8.0% | 9.7% | 13.2% | 14.7% | 15.9% | 16.4% |
| FCF margin自由现金流利润率 | — | — | — | — | — | — |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$436M
Gross profit毛利润
$267M
Operating cash flow经营现金流
$167M
Total assets总资产
$2.9B
Shareholder equity股东权益
$1.2B
Shares outstanding总股本
0.06B
Returns & growth回报与增长
Asset growth资产增速
-10.8%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Pricing power: gross margin −3.7pts over 6 years定价能力：毛利率 6 年下降 3.7 个百分点
- Capital discipline: disciplined growth, returning cash资本纪律：增长克制、回报股东
- Balance sheet: Altman Z 0.59 — distress zone资产负债表：Altman Z 0.59——困境区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
49
RSI (2-day)RSI（2日）
81
vs 20-day average相对20日均线
+0.2%
vs 50-day average相对50日均线
-1.8%
vs 200-day average相对200日均线
+1.1%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up — fresh upturn动能向上——刚刚转强
3-day3日线
momentum down动能向下
Weekly周线
momentum down动能向下
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
30/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $0.51 | $0.51 | 0.0% |
| Mar 2026 | $0.51 | $0.51 | 0.0% |
| Dec 2025 | $0.47 | $0.48 | -2.1% |
| Sep 2025 | $0.49 | $0.49 | 0.0% |
Estimate revisions预期修正
Analysts covering覆盖分析师
1
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
-17.8%
Net upgrades, 30 days净上调（30天）
-1
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
+$31.3M
Insider buyers vs sellers内部人买家vs卖家
1 : 0
Short interest空头占流通盘
2.9%
Days to cover回补天数
3.3
Short interest change空头变化
-6.8%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
May · 100%
Weakest month最弱月份
Sep · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 33% | -4.5% | 3 |
| Feb2月 | 33% | -3.6% | 3 |
| Mar3月 | 33% | -3.9% | 3 |
| Apr4月 | 33% | -2.0% | 3 |
| May5月 | 100% | +6.5% | 3 |
| Jun6月 | 100% | +4.6% | 3 |
| Jul7月 | 33% | -3.3% | 3 |
| Aug8月 | 67% | +3.1% | 3 |
| Sep9月 | 0% | -1.0% | 4 |
| Oct10月 | 50% | +0.7% | 4 |
| Nov11月 | 100% | +5.5% | 3 |
| Dec12月 | 33% | -1.1% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。