AAT American Assets Trust, Inc. Common Stock
$22.83
Price · Aug 19, 2026
Fundamentals as of Jul 31, 2026
52W Range
$18–$26
62% of range
Analyst Rating
SELL
10 analysts
Price Target
$24
+3% upside
P/E (TTM)
24.8
ROE
—
Net Profit Margin
—
AAT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$22.83
Market Cap
$1.40B
P/E (TTM)
24.8
EPS (TTM)
$0.92
Revenue (TTM)
$436M
Div Yield
7.5%
ROE
—
Debt/Equity
—
52W Range
$18 – $26
AAT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$436M
2016-12-31
→
2025-12-31
EPS
$0.92
2016-12-31
→
2025-12-31
Free Cash Flow
—
Margins
—
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
AAT
Peer Median
P/E (TTM)
24.8
43.6
P/S (TTM)
3.2
3.9
P/B
1.2
1.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
AAT
Peer Median
Gross Margin
61.1%
79.6%
Operating Margin
33.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
AAT
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
AAT
Peer Median
Revenue YoY
-4.7%
—
Revenue CAGR 3Y
1.1%
—
Revenue CAGR 5Y
4.8%
—
EPS YoY
-2.1%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
AAT
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
7.5%
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 4, 2026 | $0.3400 |
| March 5, 2026 | $0.3400 |
| Dec. 4, 2025 | $0.3400 |
| Sept. 4, 2025 | $0.3400 |
| June 5, 2025 | $0.3400 |
| March 6, 2025 | $0.3400 |
| Dec. 5, 2024 | $0.3350 |
| Sept. 5, 2024 | $0.3350 |
| June 6, 2024 | $0.3350 |
| March 6, 2024 | $0.3350 |
| Dec. 6, 2023 | $0.3300 |
| Sept. 6, 2023 | $0.3300 |
| June 7, 2023 | $0.3300 |
| March 8, 2023 | $0.3300 |
| Dec. 7, 2022 | $0.3200 |
| Sept. 7, 2022 | $0.3200 |
| June 8, 2022 | $0.3200 |
| March 9, 2022 | $0.3200 |
| Dec. 8, 2021 | $0.3000 |
| Sept. 8, 2021 | $0.3000 |
AAT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
10 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 4 40.0%
- Sell 5 50.0%
- Strong Sell 1 10.0%
12-Month Price Target
2 analysts · 2026-08-16
Median
$23.50
← Below all targets
$22.83
Low
$23.00
High
$24.00
Median target
$23.50
+2.9%
Mean target
$23.50
+2.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.09 | $0.10 | -0.01% |
| March 31, 2026 | $0.08 | $0.11 | -0.03% |
| Dec. 31, 2025 | $0.05 | $0.08 | -0.03% |
| Sept. 30, 2025 | $0.07 | $0.09 | -0.02% |
| June 30, 2025 | $0.09 | $0.10 | -0.01% |
| March 31, 2025 | $-0.03 | $0.03 | -0.06% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AAT | $1.16B | 20.6 | -4.7% | — | — | 61.1% |
| WPC | $14.10B | 19.3 | 8.4% | 27.2% | 5.6% | — |
| EPRT | $6.22B | 23.2 | 24.8% | 45.1% | 6.5% | — |
| BNL | $3.33B | 34.7 | 5.2% | 21.2% | 3.3% | — |
| GNL | $1.86B | -7.1 | -13.1% | -45.5% | -11.7% | — |
| CTO | $596M | 230.1 | 20.1% | 6.8% | 1.7% | 74.6% |
| AHRT | $531M | -94.6 | 4.1% | 2.0% | 0.86% | — |
| GOOD | — | — | — | — | — | — |
| PINE | $247M | -76.0 | 15.9% | -4.4% | -1.0% | 86.0% |
| NXDT | $192M | -1.4 | 3.3% | -151.4% | -17.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $436M | $458M | $441M | $423M | $376M | $345M | $367M | $331M | $315M | $295M | $276M | $260M | |
| Gross Profit | $267M | $290M | $277M | $270M | $246M | $223M | $235M | $209M | $198M | $187M | $178M | $169M | |
| SG&A Expense | $38M | $35M | $36M | $32M | $30M | $27M | $25M | $23M | $21M | $18M | $20M | $19M | |
| Operating Expenses | $335M | $329M | $319M | $308M | $276M | $256M | $253M | $251M | $221M | $197M | $181M | $176M | |
| Operating Income | $146M | $129M | $122M | $115M | $100M | $89M | $114M | $80M | $94M | $98M | $94M | $84M | |
| Interest Expense | · | · | · | · | $59M | $53M | $54M | $52M | $54M | $52M | $47M | $53M | |
| Other Non-op | $4M | $18M | $8M | $-625.0K | $-418.0K | $447.0K | $-122.0K | $-85.0K | $334.0K | $-368.0K | $-97.0K | $441.0K | |
| Income Tax | $770.0K | $886.0K | $1M | $850.0K | $738.0K | $-9.0K | $819.0K | $327.0K | $214.0K | $566.0K | $295.0K | $460.0K | |
| Net Income | · | · | · | · | · | $28M | $46M | $20M | $29M | $33M | $39M | $22M | |
| EPS (Basic) | $0.92 | $0.94 | $0.84 | $0.72 | $0.47 | $0.46 | $0.84 | $0.42 | $0.62 | $0.72 | $0.87 | $0.52 | |
| EPS (Diluted) | $0.92 | $0.94 | $0.84 | $0.72 | $0.47 | $0.46 | $0.84 | $0.42 | $0.62 | $0.72 | $0.86 | $0.51 | |
| Shares (Basic) | 60,555,010 | 60,333,055 | 60,158,976 | 60,048,970 | 59,990,740 | 59,806,309 | 54,110,949 | 46,950,812 | 46,715,520 | 45,332,471 | 44,439,112 | 42,041,126 | |
| Shares (Diluted) | 76,736,547 | 76,514,592 | 76,340,513 | 76,230,507 | 76,172,277 | 76,119,763 | 70,786,132 | 64,136,559 | 64,087,250 | 63,228,159 | 62,339,163 | 59,947,474 | |
| EBITDA | $273M | $255M | $241M | $238M | $216M | $197M | $210M | $187M | $177M | $169M | $158M | $150M |
Balance Sheet 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $129M | $426M | $83M | $50M | $140M | $137M | $99M | $48M | $83M | $45M | $40M | $59M | |
| Intangibles | $10M | $14M | $19M | $24M | $29M | · | · | · | · | · | · | · | |
| Total Assets | $2.92B | $3.27B | $2.98B | $2.99B | $3.02B | $2.82B | $2.79B | $2.20B | $2.26B | $1.99B | $1.97B | $1.94B | |
| Total Liabilities | $1.83B | $2.15B | $1.83B | $1.80B | $1.81B | $1.56B | $1.50B | $1.40B | $1.42B | $1.15B | $1.15B | $1.18B | |
| Long-term Debt | $1.70B | $2.02B | $1.70B | $1.62B | $1.66B | $1.31B | $1.36B | $1.23B | $1.33B | $1.05B | $1.03B | $1.07B | |
| Common Stock | $614.0K | $611.0K | $609.0K | $607.0K | $605.0K | $605.0K | $601.0K | $474.0K | $473.0K | $457.0K | $454.0K | $437.0K | |
| Retained Earnings | $-331M | $-304M | $-280M | $-251M | $-218M | $-177M | $-144M | $-129M | $-97M | $-77M | $-64M | $-60M | |
| AOCI | $1M | $5M | $8M | $11M | $3M | $2M | $6M | $11M | $11M | $12M | $-258.0K | $92.0K | |
| Stockholders' Equity | $1.15B | $1.18B | $1.20B | $1.22B | $1.24B | $1.27B | $1.31B | $803M | $834M | $810M | $800M | $735M | |
| Liabilities + Equity | $2.92B | $3.27B | $2.98B | $2.99B | $3.02B | $2.82B | $2.79B | $2.20B | $2.26B | $1.99B | $1.97B | $1.94B | |
| Shares Outstanding | 61,390,936 | 61,138,238 | 60,895,786 | 60,718,653 | 60,525,580 | 60,476,292 | 60,068,228 | 47,335,409 | 47,204,588 | 45,732,109 | 45,407,719 | 43,701,669 |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $127M | $125M | $120M | $123M | $116M | $108M | $96M | $107M | $83M | $71M | $63M | $67M | |
| Stock-based Comp | $7M | $7M | $9M | $9M | $8M | $6M | $4M | $3M | $5M | $2M | $3M | $4M | |
| Amort. of Intangibles | $3M | $2M | $2M | $4M | $3M | $1M | · | · | · | · | · | · | |
| Other Non-cash | · | · | · | · | · | $-15M | $7M | $7M | $29M | $16M | $6M | $14M | |
| Operating Cash Flow | $167M | $207M | $189M | $179M | $168M | $127M | $154M | $137M | $146M | $121M | $110M | $106M | |
| Investing Cash Flow | $-31M | $-77M | $-90M | $-166M | $-312M | $-69M | $-599M | $-64M | $-331M | $-63M | $-126M | $-153M | |
| Stock Issued | · | · | · | · | $0 | $0 | $515M | $-236.0K | $30M | $10M | $73M | $104M | |
| Net Stock Activity | · | · | · | · | $0 | $0 | $515M | · | $30M | $10M | $73M | $104M | |
| Dividends Paid | $105M | $103M | $102M | $98M | $89M | $77M | $81M | $70M | $68M | $64M | $59M | $54M | |
| Financing Cash Flow | $-433M | $213M | $-66M | $-103M | $144M | $-28M | $498M | $-107M | $222M | $-54M | $-3M | $58M | |
| Net Change in Cash | $-296M | $343M | $33M | $-90M | $475.0K | $30M | $52M | $-35M | $37M | $3M | $-19M | $10M |
Profitability 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.1% | 63.4% | 62.8% | 63.9% | 65.5% | 64.8% | 64.0% | 63.3% | 63.0% | 63.4% | 64.4% | 64.9% | |
| Operating Margin | 33.5% | 28.2% | 27.6% | 27.2% | 26.6% | 25.7% | 31.0% | 24.0% | 29.7% | 33.2% | 34.2% | 32.2% | |
| Net Margin | · | · | · | · | · | 8.0% | 12.5% | 5.9% | 9.2% | 11.0% | 14.0% | 8.4% | |
| EBITDA Margin | 62.6% | 55.6% | 54.7% | 56.3% | 57.5% | 57.1% | 57.2% | 56.4% | 56.2% | 57.4% | 57.2% | 57.8% | |
| ROA | · | · | · | · | · | 0.99% | 1.8% | 0.88% | 1.4% | 1.7% | 2.0% | · | |
| ROE | · | · | · | · | · | 2.1% | 4.3% | 2.4% | 3.5% | 4.0% | 5.0% | · |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | 1.7 | 1.7 | 2.1 | 1.5 | 1.7 | 1.9 | 2.0 | 1.6 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -4.7% | 3.8% | 4.4% | 12.5% | 9.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 1.1% | 6.8% | 8.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -2.1% | 11.9% | 16.7% | 53.2% | 2.2% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 8.5% | 26.0% | 22.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 14.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 6.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $436M | $458M | $441M | $423M | $376M | $345M | $367M | $331M | $315M | $295M | $276M | $260M | |
| Net Income TTM | $56M | $57M | $50M | $44M | $28M | $28M | $46M | $20M | $29M | $33M | $39M | $22M | |
| Market Cap | $1.16B | $1.61B | $1.37B | $1.61B | $2.27B | $1.75B | $2.76B | $1.90B | $1.81B | $1.97B | $1.74B | · | |
| P/E | 20.6 | 27.9 | 26.8 | 36.8 | 79.9 | 62.8 | 54.6 | 95.6 | 61.7 | 59.8 | 44.6 | 78.1 | |
| P/S | 2.7 | 3.5 | 3.1 | 3.8 | 6.0 | 5.1 | 7.5 | 5.7 | 5.7 | 6.7 | 6.3 | · | |
| P/B | 1.0 | 1.4 | 1.1 | 1.3 | 1.8 | 1.4 | 2.1 | 2.4 | 2.2 | 2.4 | 2.2 | · | |
| P / Tangible Book | 1.0 | 1.4 | 1.2 | 1.3 | 1.9 | 1.4 | · | · | · | · | · | · | |
| P / Cash Flow | 7.0 | 7.8 | 7.3 | 9.0 | 13.5 | 13.8 | 17.9 | 13.9 | 12.4 | 16.1 | 15.7 | · | |
| Dividend Yield | 9.1% | 6.4% | 7.4% | 6.1% | 3.9% | 4.4% | 2.9% | 3.7% | 3.7% | 3.2% | 3.4% | · | |
| Earnings Yield | 4.9% | 3.6% | 3.7% | 2.7% | 1.2% | 1.6% | 1.8% | 1.1% | 1.6% | 1.7% | 2.2% | 1.3% | |
| Payout Ratio | · | · | · | · | · | 276.6% | 176.3% | 356.7% | 232.3% | 196.6% | 154.3% | 249.6% | |
| Annual Payout | $105M | $103M | $102M | $98M | $89M | $77M | $81M | $70M | $68M | $64M | $59M | $54M |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109M | $111M | $110M | $110M | $108M | $109M | $113M | $123M | $111M | $111M | $112M | $111M | $110M | $108M | $106M | $111M | |
| Gross Profit | $68M | $67M | $65M | $66M | $68M | $67M | $70M | $80M | $71M | $70M | $69M | $70M | $70M | $69M | $66M | $71M | |
| SG&A Expense | $9M | $9M | $10M | $10M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $8M | |
| Operating Expenses | $83M | $85M | $87M | $85M | $82M | $81M | $83M | $85M | $80M | $80M | $83M | $80M | $78M | $78M | $79M | $80M | |
| Operating Income | $26M | $26M | $23M | $25M | $26M | $72M | $30M | $38M | $31M | $31M | $29M | $31M | $31M | $30M | $27M | $31M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | $16M | $16M | $16M | · | $14M | |
| Other Non-op | $422.0K | $614.0K | $789.0K | $927.0K | $927.0K | $915.0K | $5M | $2M | $789.0K | $10M | $376.0K | $321.0K | $273.0K | $7M | $-102.0K | $-180.0K | |
| Income Tax | $100.0K | $100.0K | $70.0K | $200.0K | $100.0K | $400.0K | $186.0K | $200.0K | $200.0K | $300.0K | $241.0K | $300.0K | $200.0K | $300.0K | $250.0K | $200.0K | |
| Net Income | $7M | $7M | $3M | $5M | $7M | $54M | $9M | $17M | $12M | $19M | $10M | $12M | $12M | $16M | $10M | $13M | |
| EPS (Basic) | $0.09 | $0.08 | $0.05 | $0.07 | $0.09 | $0.70 | $0.15 | $0.28 | $0.20 | $0.32 | $0.17 | $0.20 | $0.20 | $0.27 | $0.15 | $0.21 | |
| EPS (Diluted) | $0.09 | $0.08 | $0.05 | $0.07 | $0.09 | $0.70 | $0.15 | $0.28 | $0.20 | $0.32 | $0.17 | $0.20 | $0.20 | $0.27 | $0.15 | $0.21 | |
| Shares (Basic) | 60,703,355 | 60,697,679 | -121,068,895 | 60,546,480 | 60,540,125 | 60,537,300 | -120,610,013 | 60,320,269 | 60,312,878 | 60,309,921 | -120,282,524 | 60,150,681 | 60,146,210 | 60,144,609 | -120,074,073 | 60,044,117 | |
| Shares (Diluted) | 76,884,892 | 76,879,216 | -153,431,969 | 76,728,017 | 76,721,662 | 76,718,837 | -152,973,087 | 76,501,806 | 76,494,415 | 76,491,458 | -152,645,598 | 76,332,218 | 76,327,747 | 76,326,146 | -152,437,147 | 76,225,654 | |
| EBITDA | $26M | $58M | · | $25M | $26M | $102M | · | $38M | $31M | $61M | · | $31M | $31M | $60M | · | $31M |
Balance Sheet 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $110M | $118M | $129M | $139M | $144M | $144M | $426M | $533M | $115M | $99M | · | $90M | $85M | $87M | · | $63M | |
| Intangibles | $8M | $9M | $10M | $11M | $12M | $14M | $14M | $15M | $16M | $18M | · | · | · | · | · | · | |
| Total Assets | $2.89B | $2.90B | $2.92B | $2.94B | $2.96B | $2.97B | $3.27B | $3.40B | $2.99B | $2.99B | · | $3.01B | $3.01B | $3.02B | · | $3.01B | |
| Total Liabilities | $1.84B | $1.83B | $1.83B | $1.83B | $1.82B | $1.82B | $2.15B | $2.26B | $1.85B | $1.83B | · | $1.84B | $1.84B | $1.84B | · | $1.81B | |
| Long-term Debt | · | · | $1.70B | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $614.0K | $614.0K | $614.0K | $612.0K | $612.0K | $611.0K | $611.0K | $609.0K | $609.0K | $609.0K | · | $607.0K | $607.0K | $607.0K | · | $605.0K | |
| Retained Earnings | $-362M | $-347M | $-331M | $-314M | $-298M | $-282M | $-304M | $-293M | $-289M | $-281M | · | $-271M | $-263M | $-255M | · | $-242M | |
| AOCI | $424.0K | $998.0K | $1M | $2M | $3M | $4M | $5M | $4M | $9M | $9M | · | $12M | $12M | $8M | · | $13M | |
| Stockholders' Equity | $1.12B | $1.14B | $1.15B | $1.17B | $1.18B | $1.20B | $1.18B | $1.19B | $1.19B | $1.20B | · | $1.21B | $1.21B | $1.22B | · | $1.23B | |
| Liabilities + Equity | $2.89B | $2.90B | $2.92B | $2.94B | $2.96B | $2.97B | $3.27B | $3.40B | $2.99B | $2.99B | · | $3.01B | $3.01B | $3.02B | · | $3.01B | |
| Shares Outstanding | 61,404,213 | 61,390,936 | 61,390,936 | 61,152,542 | 61,152,542 | 61,134,730 | 61,138,238 | 60,901,583 | 60,901,583 | 60,894,491 | 60,895,786 | 60,724,630 | 60,724,630 | 60,717,835 | 60,718,653 | 60,528,115 |
Cash Flow 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $33M | $32M | $32M | $32M | $33M | $30M | $31M | $34M | $31M | $30M | $30M | $30M | $30M | $30M | $30M | $32M | |
| Stock-based Comp | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $3M | $2M | |
| Other Non-cash | · | $-2M | · | · | · | $-49M | · | · | · | $-2M | · | · | · | $-635.0K | · | · | |
| Operating Cash Flow | $49M | $39M | $41M | $41M | $49M | $37M | $41M | $52M | $59M | $55M | $39M | $52M | $46M | $52M | $38M | $55M | |
| Investing Cash Flow | $-26M | $-23M | $-21M | $-19M | $-23M | $33M | $-21M | $-26M | $-17M | $-13M | $-20M | $-21M | $-23M | $-26M | $-27M | $-27M | |
| Dividends Paid | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $25M | $25M | $25M | $25M | $25M | $25M | |
| Financing Cash Flow | $-31M | $-26M | $-29M | $-26M | $-26M | $-351M | $-127M | $392M | $-26M | $-26M | $-26M | $-25M | $-25M | $11M | $-25M | $-25M | |
| Net Change in Cash | $-9M | $-11M | $-9M | $-5M | $-179.0K | $-282M | $-107M | $418M | $16M | $16M | $-7M | $5M | $-3M | $38M | $-14M | $3M |
Profitability 6
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.0% | 60.5% | · | 60.5% | 62.6% | 62.0% | · | 65.5% | 63.6% | 62.9% | · | 62.8% | 63.7% | 63.7% | · | 64.0% | |
| Operating Margin | 24.0% | 23.4% | · | 22.6% | 24.1% | 66.3% | · | 30.8% | 27.8% | 27.6% | · | 28.0% | 28.7% | 27.6% | · | 27.9% | |
| Net Margin | 6.2% | 6.1% | · | 5.4% | 6.6% | 49.8% | · | 17.4% | 13.8% | 22.2% | · | 13.6% | 14.0% | 19.2% | · | 14.7% | |
| EBITDA Margin | 24.0% | 52.6% | · | 22.6% | 24.1% | 94.3% | · | 30.8% | 27.8% | 54.9% | · | 28.0% | 28.7% | 55.3% | · | 27.9% | |
| ROA | 0.23% | 0.23% | · | 0.19% | 0.24% | 1.8% | · | 0.67% | 0.51% | 0.82% | · | 0.50% | 0.51% | 0.69% | · | 0.54% | |
| ROE | 0.59% | 0.58% | · | 0.50% | 0.60% | 4.5% | · | 1.8% | 1.3% | 2.0% | · | 1.2% | 1.3% | 1.7% | · | 1.3% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | · | · | 1.9 | · | 2.1 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $440M | $438M | · | $440M | $453M | $456M | · | $457M | $445M | $444M | · | $435M | $434M | $429M | · | $418M | |
| Net Income TTM | $21M | $20M | · | $61M | $74M | $80M | · | $58M | $53M | $54M | · | $50M | $51M | $49M | · | $42M | |
| Market Cap | $1.52B | $1.13B | · | $1.24B | $1.21B | $1.23B | · | $1.63B | $1.36B | $1.33B | · | $1.18B | $1.17B | $1.13B | · | $1.56B | |
| P/E | 85.1 | 63.5 | · | 20.1 | 16.2 | 15.1 | · | 27.5 | 25.1 | 24.6 | · | 23.4 | 22.9 | 22.7 | · | 36.2 | |
| P/S | 3.4 | 2.6 | · | 2.8 | 2.7 | 2.7 | · | 3.6 | 3.1 | 3.0 | · | 2.7 | 2.7 | 2.6 | · | 3.7 | |
| P/B | 1.4 | 1.0 | · | 1.1 | 1.0 | 1.0 | · | 1.4 | 1.1 | 1.1 | · | 1.0 | 1.0 | 0.9 | · | 1.3 | |
| P / Tangible Book | 1.4 | 1.0 | · | 1.1 | 1.0 | 1.0 | · | 1.4 | 1.2 | 1.1 | · | 1.0 | 1.0 | 0.9 | · | 1.3 | |
| P / Cash Flow | · | 29.3 | · | · | · | 33.4 | · | · | · | 24.4 | · | · | · | 21.7 | · | · | |
| Earnings Yield | 1.2% | 1.6% | · | 5.0% | 6.2% | 6.6% | · | 3.6% | 4.0% | 4.1% | · | 4.3% | 4.4% | 4.4% | · | 2.8% | |
| Payout Ratio | · | 391.4% | · | · | · | 48.6% | · | · | · | 104.9% | · | · | · | 122.8% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $436M | $458M | $441M | $423M | $376M |
| Gross Margin % | 61.1% | 63.4% | 62.8% | 63.9% | 65.5% |
| Operating Margin % | 33.5% | 28.2% | 27.6% | 27.2% | 26.6% |
| Diluted EPS | $0.92 | $0.94 | $0.84 | $0.72 | $0.47 |
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Institutional owners (13F) 261 filers · $965.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 37 (0 vs prior Q) | 17 (-6 vs prior Q) | 78 (+5 vs prior Q) | 80 (0 vs prior Q) | +8.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| AMERICAN ASSETS INC | $182,078,849 | 7,374,599 | 18.85% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $135,111,951 | 5,472,335 | 13.99% | Shares |
| STATE STREET CORP | $69,080,521 | 2,797,915 | 7.15% | Shares |
| Senvest Management, LLC | $65,462,029 | 2,651,358 | 6.78% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $50,681,163 | 2,052,700 | 5.25% | Shares |
| American Assets Investment Management, LLC | $36,475,525 | 1,477,340 | 3.78% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $31,602,756 | 1,279,982 | 3.27% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $29,888,348 | 1,210,327 | 3.09% | Shares |
| AMERIPRISE FINANCIAL INC | $25,555,187 | 1,035,042 | 2.65% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $25,484,253 | 1,032,169 | 2.64% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $25,178,639 | 1,019,791 | 2.61% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $19,752,469 | 800,019 | 2.04% | Shares |
| TWO SIGMA INVESTMENTS, LP | $15,266,148 | 618,313 | 1.58% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $14,935,109 | 604,905 | 1.55% | Shares |
| ALGERT GLOBAL LLC | $14,548,163 | 589,233 | 1.51% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $10,756,915 | 435,679 | 1.11% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $8,979,358 | 363,684 | 0.93% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $8,277,397 | 335,253 | 0.86% | Shares |
| Bank of New York Mellon Corp | $7,763,400 | 314,435 | 0.80% | Shares |
| RAYMOND JAMES FINANCIAL INC | $7,757,812 | 314,209 | 0.80% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $7,714,391 | 312,450 | 0.80% | Shares |
| MORGAN STANLEY | $7,699,141 | 311,832 | 0.80% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $7,347,670 | 297,597 | 0.76% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $7,343,744 | 297,438 | 0.76% | Shares |
| Qube Research & Technologies Ltd | $6,480,335 | 262,468 | 0.67% | Shares |
| FMR LLC | $6,232,867 | 252,445 | 0.65% | Shares |
| Argosy-Lionbridge Management, LLC | $6,110,923 | 247,506 | 0.63% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $5,650,800 | 228,870 | 0.59% | Shares |
| GOLDMAN SACHS GROUP INC | $5,217,565 | 211,323 | 0.54% | Shares |
| Man Group plc | $4,289,789 | 173,746 | 0.44% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $4,032,248 | 163,315 | 0.42% | Shares |
| Public Sector Pension Investment Board | $4,010,668 | 162,441 | 0.42% | Shares |
| XTX Topco Ltd | $3,431,836 | 138,997 | 0.36% | Shares |
| RHUMBLINE ADVISERS | $3,259,014 | 131,998 | 0.34% | Shares |
| PRUDENTIAL FINANCIAL INC | $3,142,790 | 127,290 | 0.33% | Shares |
| Lighthouse Investment Partners, LLC | $3,086,250 | 125,000 | 0.32% | Shares |
| TWO SIGMA ADVISERS, LP | $2,773,794 | 146,529 | 0.29% | Shares |
| CITADEL ADVISORS LLC | $2,771,378 | 112,247 | 0.29% | Shares |
| Quantinno Capital Management LP | $2,549,925 | 103,277 | 0.26% | Shares |
| NORGES BANK | $2,545,539 | 103,100 | 0.26% | Shares |
| Swiss National Bank | $2,431,965 | 98,500 | 0.25% | Shares |
| UBS Group AG | $2,290,318 | 92,763 | 0.24% | Shares |
| Allianz Asset Management GmbH | $2,112,032 | 85,542 | 0.22% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $1,889,032 | 76,510 | 0.20% | Shares |
| Legal & General Group Plc | $1,796,247 | 72,752 | 0.19% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,754,743 | 71,071 | 0.18% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $1,699,000 | 68,800 | 0.18% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,684,352 | 68,220 | 0.17% | Shares |
| CITIGROUP INC | $1,669,711 | 67,627 | 0.17% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,634,478 | 66,200 | 0.17% | Shares |
| Cubist Systematic Strategies, LLC | $1,573,406 | 77,432 | 0.16% | Shares |
| DENALI ADVISORS LLC | $1,550,532 | 62,800 | 0.16% | Shares |
| State of New Jersey Common Pension Fund D | $1,548,927 | 62,735 | 0.16% | Shares |
| Polymer Capital Management (US) LLC | $1,478,166 | 59,869 | 0.15% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,441,649 | 58,390 | 0.15% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,421,896 | 77,235 | 0.15% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $1,405,305 | 56,918 | 0.15% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $1,315,977 | 53,300 | 0.14% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $1,307,977 | 52,976 | 0.14% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $1,305,731 | 52,885 | 0.14% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $1,273,190 | 51,567 | 0.13% | Shares |
| IEQ CAPITAL, LLC | $1,263,878 | 51,190 | 0.13% | Shares |
| Asset Management One Co., Ltd. | $1,229,659 | 66,793 | 0.13% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,198,453 | 48,540 | 0.12% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $1,172,306 | 47,481 | 0.12% | Shares |
| BlackRock, Inc. | $1,167,319 | 47,279 | 0.12% | Shares |
| Vanguard Investments Australia, Ltd. | $1,083,496 | 43,884 | 0.11% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $1,038,338 | 42,055 | 0.11% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $1,002,488 | 40,603 | 0.10% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $957,936 | 38,819 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $926,418 | 37,522 | 0.10% | Shares |
| Engineers Gate Manager LP | $918,591 | 37,205 | 0.10% | Shares |
| Graham Capital Management, L.P. | $904,049 | 36,616 | 0.09% | Shares |
| Horizon Investments, LLC | $872,199 | 35,326 | 0.09% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $864,446 | 35,012 | 0.09% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $823,976 | 44,757 | 0.09% | Shares |
| Amundi | $801,018 | 32,443 | 0.08% | Shares |
| Mariner, LLC | $791,163 | 32,042 | 0.08% | Shares |
| Odyssean, LLC | $767,810 | 31,098 | 0.08% | Shares |
| EVOLVE PRIVATE WEALTH, LLC | $745,392 | 30,190 | 0.08% | Shares |
| AlphaCentric Advisors LLC | $740,700 | 30,000 | 0.08% | Shares |
| Crossingbridge Advisors, LLC | $740,700 | 30,000 | 0.08% | Shares |
| MACQUARIE GROUP LTD | $727,293 | 29,457 | 0.08% | Shares |
| MetLife Investment Management, LLC | $726,256 | 29,415 | 0.08% | Shares |
| JPMORGAN CHASE & CO | $654,360 | 26,343 | 0.07% | Shares |
| Inspire Investing, LLC | $620,760 | 33,719 | 0.06% | Shares |
| Illinois Municipal Retirement Fund | $599,152 | 24,267 | 0.06% | Shares |
| Vert Asset Management LLC | $586,881 | 23,770 | 0.06% | Shares |
| Y-Intercept (Hong Kong) Ltd | $568,981 | 23,045 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $566,043 | 22,926 | 0.06% | Shares |
| HighTower Advisors, LLC | $564,990 | 22,883 | 0.06% | Shares |
| Aberdeen Group plc | $528,909 | 21,422 | 0.05% | Shares |
| Resona Asset Management Co.,Ltd. | $522,515 | 21,045 | 0.05% | Shares |
| Squarepoint Ops LLC | $521,823 | 21,135 | 0.05% | Shares |
| Louisiana State Employees Retirement System | $511,083 | 20,700 | 0.05% | Shares |
| Invesco Ltd. | $492,368 | 19,942 | 0.05% | Shares |
| MEEDER ASSET MANAGEMENT INC | $491,158 | 19,893 | 0.05% | Shares |
| AlphaQuest LLC | $482,923 | 25,511 | 0.05% | Shares |
| State of Tennessee, Department of Treasury | $481,653 | 19,508 | 0.05% | Shares |
| Corient Private Wealth LP | $479,358 | 19,415 | 0.05% | Shares |
Company insiders 14 insiders · 4 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| John W. Chamberlain | CEO and President | May 17, 2013 S | 62,266 | 0 | 0 | $0 |
| Robert F. Barton | Executive Vice President & CFO | Aug. 12, 2011 P | 1,481 | 0 | 0 | $0 |
| Patrick Kinney | Senior VP of Real Estate Ops | Jan. 19, 2011 A | 45,000 | 0 | 0 | $0 |
| Adam Wyll | Senior VP, Gen Counsel and Sec | Jan. 19, 2011 A | 56,250 | 0 | 0 | $0 |
| Joy L. Schaefer | Director | June 1, 2026 A | 8,296 | 0 | 0 | $0 |
| Thomas S Olinger | Director | June 1, 2026 A | 32,138 | 0 | 0 | $0 |
| Robert S Sullivan | Director | June 1, 2026 A | 30,350 | 0 | 0 | $0 |
| Stuart A Tanz | Director | June 1, 2026 A | 3,843 | 0 | 0 | $0 |
| Alan D Gold | Director | July 10, 2012 A | 5,560 | 0 | 0 | $0 |
| Larry E Finger | Director | July 10, 2012 A | 4,054 | 0 | 0 | $0 |
| Duane Nelles | Director | July 10, 2012 A | 3,555 | 0 | 0 | $0 |
| Edward F Lange JR | Director | June 29, 2011 D | 0 | 0 | 0 | $0 |
| AMERICAN ASSETS INC | 10% owner | Dec. 7, 2012 P | 186,805 | 0 | 0 | $0 |
| Ernest S. Rady | — | Aug. 14, 2026 P | 8,802,531 | 36 | 0 | $26,201,463 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| American Assets, Inc., Ernest Rady Trust U/D/T March 10, 1983, Ernest S. Rady ×11 filings | May 27, 2026 | 37.10% | Amendment | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 65 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| KBWY · Invesco Exchange-Traded Fund Trust … | 2.75% | 375,436 | Aug. 8, 2026 | Daily |
| RDOG · ALPS ETF Trust | 2.48% | 11,909 NS | May 31, 2026 | N-PORT |
| RIET · ETF Series Solutions | 1.38% | 61,738 NS | May 31, 2026 | N-PORT |
| XSLV · Invesco Exchange-Traded Fund Trust … | 0.86% | 93,740 | Aug. 8, 2026 | Daily |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.67% | 59,353 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.32% | 188,551 NS | April 30, 2026 | N-PORT |
| GQRE · FlexShares Trust | 0.26% | 48,909 NS | April 30, 2026 | N-PORT |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.23% | 2,774 | Aug. 8, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 57,025 NS | April 30, 2026 | N-PORT |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 84,932 NS | May 31, 2026 | N-PORT |
| ERTH · Invesco Exchange-Traded Fund Trust | 0.16% | 9,656 | Aug. 8, 2026 | Daily |
| HSMV · First Trust Exchange-Traded Fund III | 0.16% | 2,338 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.14% | 9,175 NS | April 30, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.13% | 100,462 SH | Aug. 8, 2026 | Daily |
| PPTY · ETF Series Solutions | 0.12% | 1,273 NS | May 31, 2026 | N-PORT |
| IJS · iShares Trust | 0.11% | 423,521 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.10% | 527 NS | April 30, 2026 | N-PORT |
| USRT · iShares Trust | 0.09% | 182,854 SH | Aug. 8, 2026 | Daily |
| VGSR · Manager Directed Portfolios | 0.08% | 20,869 NS | March 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.08% | 42,842 SH | Aug. 8, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.08% | 63,838 NS | April 30, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.08% | 334,794 NS | May 31, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.08% | 52,548 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.07% | 471,081 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.07% | 5,600 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.06% | 7,187 | Aug. 8, 2026 | Daily |
| REET · iShares Trust | 0.06% | 140,651 SH | Aug. 8, 2026 | Daily |
| ERET · iShares Trust | 0.06% | 382 SH | Aug. 8, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.06% | 1,874,946 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.06% | 165,056 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.06% | 2,888,806 SH | Aug. 8, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.05% | 90,011 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.05% | 200,592 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 18,391 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.05% | 566 NS | May 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.05% | 60,000 | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.05% | 5,862 | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.04% | 55,483 | Aug. 8, 2026 | Daily |
| ROSC · Lattice Strategies Trust | 0.04% | 1,121 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 286,365 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.04% | 16,551 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.04% | 1,285,254 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.03% | 10,463 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.03% | 2,449 NS | May 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.03% | 23,220 | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 228,337 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 670,930 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.02% | 1,915 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 2,181 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 1,940 NS | May 31, 2026 | N-PORT |