B+
Bull case
25%
Probability
Target price
$29.00
Analysis reference price unavailable
Analysis 2026-07-31 · RankAlpha Sentiment Codex
AAT
American Assets TrustCNYSE / Equity Real Estate Investment Trusts (REITs)
Last Price
Quote time unavailable
Current thesis
Leasing spreads, record average rental rates, and the extended credit facility could support gradual NOI stabilization and reduce refinancing overhang. The case is operationally plausible but requires evidence that occupancy and FFO stop weakening.
Posture
Mixed
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta +2.2.
What can break
Analyst target count, post-print estimate revisions, and target changes remain unavailable.
Momentum
40
Value
65
Sentiment
58
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $23.50 · Bull $29.00 · Bear $18.50Analysis 2026-07-31; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-11 • Model: HYBRID_IC_RP
AI Memo
As of 2026-07-31 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-09-11
Investment thesis
As of 2026-09-11
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-11. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $24.00
Why
Momentum40 · Δ7d +2.2
Value65 · Δ7d -
Sentiment58 · Δ7d +2.2
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Sentiment remains the lead driver in the composite, 7D delta +2.2.
Contradictions & invalidation
- • Analyst target count, post-print estimate revisions, and target changes remain unavailable.
- • Higher interest expense and operating costs could continue to pressure FFO.
- • The print was only modestly constructive: FFO declined year over year, six-month same-store cash NOI fell 0.1%, and office and multifamily occupancy remained soft.
Catalyst clock
2026-07-28
Mixed Q2 2026 earnings and leasing update
Lead driver: Sentiment · See AI snapshot
Momentum
40
9% active weight
Current posture
7d trendSoftening
Δ7d
+2.2
Δ21d
+9.0
Value
65
28% active weight
Current posture
7d trendImproving
Δ7d
-
Δ21d
-
Sentiment
58
62% active weight
Current posture
7d trendImproving
Δ7d
+2.2
Δ21d
+8.2
Why this grade
Composite grade C. Momentum 40.1 / Value 65.0 / Sentiment 58.2
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-07-31. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$23.50
Analysis reference price unavailable
Analysis 2026-07-31 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$18.50
Analysis reference price unavailable
Analysis 2026-07-31 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-08-17
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$1.39B
Beta
1.00
Shares Out
61.4M
P/E (TTM)
18.2
P/S (TTM)
2.58
P/FCF (TTM)
33.77
Rev YoY
+1.4%
EPS YoY
-25.3%
Gross Margin
+31.3%
Op Margin
+22.8%
Net Debt
$1.59B
Current Ratio
2.46
As of 2026-09-11 • Updated nightlySource: Internal modelMethods & Data