American Assets Trust, Inc. (AAT) vs Empire State Realty Trust, Inc. (ESRT)

American Assets Trust, Inc. and Empire State Realty Trust, Inc. are both Reit Diversified companies. American Assets Trust, Inc. is the larger, with a market value of $1.3B against $701.2M — 1.9× the size. American Assets Trust, Inc. trades at the lower P/E: 74.4× against 137×. Empire State Realty Trust, Inc. grew revenue faster over the last twelve months: 2.04% against −2.89%. American Assets Trust, Inc. has the higher net margin (4.09% vs 0.39%) and the higher return on invested capital (2.37% vs −0.55%). Both pay a dividend; American Assets Trust, Inc. yields more (6.57% vs 1.44%). Across the 22 metrics below, American Assets Trust, Inc. leads on 16 and Empire State Realty Trust, Inc. on 6.

Valuation

Metric AAT ESRT Reit Diversified median
P/E 74.41 137.00 23.72
P/S 2.98 0.90 3.28
P/B 1.24 0.39 0.87
Price to free cash flow 14.78 n/m 9.21
EV/EBITDA 12.49 15.77 11.57
EV/Sales 6.59 3.57 6.64
Earnings yield 1.34% 0.73% 1.04%
Free cash flow yield 6.77% (42.83%) 0.16%

Profitability

Metric AAT ESRT Reit Diversified median
Gross margin 70.87% 74.65% 77.09%
Operating margin 22.77% (4.40%) 33.33%
Net margin 4.09% 0.39% 2.62%
Free cash flow margin 20.16% (38.40%) 3.11%
Return on equity 1.64% 0.17% 3.13%
Return on assets 0.61% 0.07% 0.35%
Return on invested capital 2.37% (0.55%) 2.80%

Growth

Metric AAT ESRT Reit Diversified median
Revenue growth (TTM) (2.89%) 2.04% 5.49%
EPS growth (last fiscal year) (2.13%) (10.71%) —
Revenue growth, 5-year CAGR 4.83% 4.75% 4.83%
Net income growth, 5-year CAGR 15.01% 0.00% 0.00%

Health

Metric AAT ESRT Reit Diversified median
Debt to equity 1.61 1.24 1.13
Current ratio 2.46 1.32 1.47
Net debt to EBITDA 5.68 6.41 5.88

Dividend

Metric AAT ESRT Reit Diversified median
Dividend yield 6.57% 1.44% 7.13%
Payout ratio 1.55 0.48 1.37

Size

Metric AAT ESRT Reit Diversified median
Market cap 1.32b 701.19m 729.58m

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