The Filing Desk

American Assets Trust vs Lexington Realty Trust

American Assets Trust AAT · Lexington Realty Trust LXP · Diversified REITs

American Assets Trust reported revenue of $436 million in fiscal 2025, 1.2 times Lexington Realty Trust's $350 million in fiscal 2025. American Assets Trust's revenue fell 4.7% in its latest year, and Lexington Realty Trust's fell 2.3%.

Side by side

American Assets TrustLexington Realty Trust
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$436M$350M
Revenue growth−4.7%−2.3%
Revenue growth a year, last 5 years4.8%1.2%
Gross margin61.1%81.6%
Operating margin33.5%—
Net margin16.4%32.3%
Free cash flow$95M—
Free cash flow margin21.8%—
Return on capital5.4%5.4%
Net debt to EBITDA5.8x3.1x
Dividends and buybacks$105M$168M
Change in diluted share count0.3%0.4%
Last close$21.53$61.18
P/E at the last close74.2×31.5×
Insider trades, last 12 monthsbought $36.1 million, sold $0—
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
American Assets TrustLexington Realty Trust
Operating margin
Percent of revenue
American Assets TrustLexington Realty Trust
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
American Assets TrustLexington Realty Trust

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the American Assets Trust and Lexington Realty Trust pages.