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American Assets Trust

AAT
NYSE
$19.32

American Assets Trust est-elle financièrement solide ?

Investment‑grade unsecured platform with BBB/Baa3 ratings, liquidity near 529 million, largely unencumbered assets, interest coverage around 3.0x and net debt to adjusted EBITDA of about 6.9x.

Debt ladder is termed out with material maturities in 2027, 2031 and 2034; weighted average fixed rate is 4.5 percent and weighted average term about 5.1 years. Coverage is adequate but not conservative vs best‑in‑class net leverage of roughly 5x; payout is near FAD, so internal deleveraging capacity is limited without asset sales or NOI growth.