WallStSmart

American Assets Trust Inc (AAT)vsArmada Hoffler Properties, Inc. (AHRT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

American Assets Trust Inc generates 51% more annual revenue ($433.83M vs $286.85M). AAT leads profitability with a 4.2% profit margin vs -5.1%. AHRT earns a higher WallStSmart Score of 44/100 (D).

AAT

Hold

41

out of 100

Grade: D

Growth: 3.3Profit: 5.0Value: 4.7Quality: 4.5
Piotroski: 4/9Altman Z: 0.56

AHRT

Hold

44

out of 100

Grade: D

Growth: 4.0Profit: 4.0Value: 5.0Quality: 2.5
Piotroski: 3/9Altman Z: 0.27
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AATUndervalued (+50.9%)

Margin of Safety

+50.9%

Fair Value

$37.66

Current Price

$23.66

$14.00 discount

UndervaluedFair: $37.66Overvalued

Intrinsic value data unavailable for AHRT.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AAT2 strengths · Avg: 9.0/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
23.6%8/10

Strong operational efficiency at 23.6%

AHRT2 strengths · Avg: 9.0/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
22.9%8/10

Strong operational efficiency at 22.9%

Areas to Watch

AAT4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
1.8%4/10

1.8% revenue growth

Market CapQuality
$1.89B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
2.0%3/10

ROE of 2.0% — below average capital efficiency

Profit MarginProfitability
4.2%3/10

4.2% margin — thin

AHRT4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$668.74M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-3.9%2/10

ROE of -3.9% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : AAT

The strongest argument for AAT centers on Price/Book, Operating Margin.

Bull Case : AHRT

The strongest argument for AHRT centers on Price/Book, Operating Margin.

Bear Case : AAT

The primary concerns for AAT are Revenue Growth, Market Cap, Return on Equity. A P/E of 81.4x leaves little room for execution misses. Debt-to-equity of 1.50 is elevated, increasing financial risk.

Bear Case : AHRT

The primary concerns for AHRT are EPS Growth, Market Cap, Piotroski F-Score. Debt-to-equity of 2.39 is elevated, increasing financial risk.

Key Dynamics to Monitor

AAT profiles as a value stock while AHRT is a turnaround play — different risk/reward profiles.

AHRT carries more volatility with a beta of 1.11 — expect wider price swings.

AHRT is growing revenue faster at 7.8% — sustainability is the question.

AAT generates stronger free cash flow (18M), providing more financial flexibility.

Bottom Line

AHRT scores higher overall (44/100 vs 41/100). AAT offers better value entry with a 50.9% margin of safety. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

American Assets Trust Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

American Assets Trust, Inc. is a self-managed, vertically integrated, full-service real estate investment trust, or REIT, based in San Diego, California.

Armada Hoffler Properties, Inc.

REAL ESTATE · REIT - DIVERSIFIED · USA

AH REALTY TRUST INC is a vertically integrated, self-managed real estate investment trust.

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