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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and ACRES Commercial Realty Corp. (ACR). Click either name above to swap in a different company.

ACRES Commercial Realty Corp. is the larger business by last-quarter revenue ($20.0M vs $9.6M, roughly 2.1× American Assets Trust, Inc.). On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (-5.5% vs -6.5%). Over the past eight quarters, ACRES Commercial Realty Corp.'s revenue compounded faster (3.3% CAGR vs -5.2%).

Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.

Piramal Realty is an Indian real estate company, founded in 2012 and headquartered in Mumbai, India. It is a part of the Piramal Group. The company focuses on the development of residential and commercial properties, with projects under development covering an estimated 15 million square feet. Among its notable projects include Piramal Aranya, Piramal Mahalaxmi, Piramal Revanta, Piramal Vaikunth and Piramal Agastya.

AAT vs ACR — Head-to-Head

Bigger by revenue
ACR
ACR
2.1× larger
ACR
$20.0M
$9.6M
AAT
Growing faster (revenue YoY)
AAT
AAT
+1.0% gap
AAT
-5.5%
-6.5%
ACR
Faster 2-yr revenue CAGR
ACR
ACR
Annualised
ACR
3.3%
-5.2%
AAT

Income Statement — Q4 2025 vs Q4 2025

Metric
AAT
AAT
ACR
ACR
Revenue
$9.6M
$20.0M
Net Profit
$6.3M
Gross Margin
Operating Margin
30.8%
Net Margin
31.6%
Revenue YoY
-5.5%
-6.5%
Net Profit YoY
-32.0%
EPS (diluted)
$0.06
$-0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAT
AAT
ACR
ACR
Q4 25
$9.6M
$20.0M
Q3 25
$10.1M
$21.0M
Q2 25
$10.2M
$21.9M
Q1 25
$9.9M
$17.0M
Q4 24
$10.2M
$21.4M
Q3 24
$11.4M
$22.4M
Q2 24
$10.6M
$20.9M
Q1 24
$10.7M
$18.8M
Net Profit
AAT
AAT
ACR
ACR
Q4 25
$6.3M
Q3 25
$4.5M
$18.0M
Q2 25
$5.5M
$4.3M
Q1 25
$42.5M
$-730.0K
Q4 24
$9.3M
Q3 24
$16.7M
$8.1M
Q2 24
$11.9M
$6.4M
Q1 24
$19.3M
$4.9M
Operating Margin
AAT
AAT
ACR
ACR
Q4 25
30.8%
Q3 25
85.8%
Q2 25
19.8%
Q1 25
-3.8%
Q4 24
43.4%
Q3 24
36.4%
Q2 24
30.8%
Q1 24
26.2%
Net Margin
AAT
AAT
ACR
ACR
Q4 25
31.6%
Q3 25
44.6%
85.8%
Q2 25
53.2%
19.8%
Q1 25
429.3%
-4.3%
Q4 24
43.5%
Q3 24
145.5%
36.0%
Q2 24
111.9%
30.6%
Q1 24
179.4%
26.2%
EPS (diluted)
AAT
AAT
ACR
ACR
Q4 25
$0.06
$-0.41
Q3 25
$0.07
$1.34
Q2 25
$0.09
$-0.10
Q1 25
$0.70
$-0.80
Q4 24
$0.14
$0.51
Q3 24
$0.28
$0.36
Q2 24
$0.20
$0.21
Q1 24
$0.32
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAT
AAT
ACR
ACR
Cash + ST InvestmentsLiquidity on hand
$129.4M
$83.8M
Total DebtLower is stronger
$1.7B
$1.6B
Stockholders' EquityBook value
$1.2B
$420.8M
Total Assets
$2.9B
$2.2B
Debt / EquityLower = less leverage
1.48×
3.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
ACR
ACR
Q4 25
$129.4M
$83.8M
Q3 25
$138.7M
$40.9M
Q2 25
$143.7M
$42.7M
Q1 25
$143.9M
$66.0M
Q4 24
$425.7M
$56.7M
Q3 24
$533.0M
$70.1M
Q2 24
$114.9M
$89.6M
Q1 24
$98.6M
$84.6M
Total Debt
AAT
AAT
ACR
ACR
Q4 25
$1.7B
$1.6B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$2.0B
$1.4B
Q3 24
$1.5B
Q2 24
$1.6B
Q1 24
$1.6B
Stockholders' Equity
AAT
AAT
ACR
ACR
Q4 25
$1.2B
$420.8M
Q3 25
$1.2B
$432.9M
Q2 25
$1.2B
$425.3M
Q1 25
$1.2B
$430.1M
Q4 24
$1.2B
$439.1M
Q3 24
$1.2B
$436.3M
Q2 24
$1.2B
$434.0M
Q1 24
$1.2B
$432.8M
Total Assets
AAT
AAT
ACR
ACR
Q4 25
$2.9B
$2.2B
Q3 25
$2.9B
$1.7B
Q2 25
$3.0B
$1.8B
Q1 25
$3.0B
$1.8B
Q4 24
$3.3B
$1.9B
Q3 24
$3.4B
$2.0B
Q2 24
$3.0B
$2.1B
Q1 24
$3.0B
$2.1B
Debt / Equity
AAT
AAT
ACR
ACR
Q4 25
1.48×
3.68×
Q3 25
2.76×
Q2 25
3.10×
Q1 25
2.97×
Q4 24
1.72×
3.12×
Q3 24
3.43×
Q2 24
3.67×
Q1 24
3.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAT
AAT
ACR
ACR
Operating Cash FlowLast quarter
$40.6M
$6.3M
Free Cash FlowOCF − Capex
$23.0M
FCF MarginFCF / Revenue
238.4%
Capex IntensityCapex / Revenue
182.1%
Cash ConversionOCF / Net Profit
1.00×
TTM Free Cash FlowTrailing 4 quarters
$94.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
ACR
ACR
Q4 25
$40.6M
$6.3M
Q3 25
$40.5M
$-9.4M
Q2 25
$49.2M
$11.8M
Q1 25
$36.9M
$-4.6M
Q4 24
$40.6M
$757.0K
Q3 24
$52.4M
$8.4M
Q2 24
$59.3M
$6.9M
Q1 24
$54.8M
$3.3M
Free Cash Flow
AAT
AAT
ACR
ACR
Q4 25
$23.0M
Q3 25
$23.1M
Q2 25
$28.4M
Q1 25
$20.4M
Q4 24
$21.5M
Q3 24
$28.0M
Q2 24
$43.6M
Q1 24
$43.8M
FCF Margin
AAT
AAT
ACR
ACR
Q4 25
238.4%
Q3 25
228.3%
Q2 25
276.7%
Q1 25
206.1%
Q4 24
210.4%
Q3 24
244.4%
Q2 24
409.9%
Q1 24
408.5%
Capex Intensity
AAT
AAT
ACR
ACR
Q4 25
182.1%
Q3 25
172.4%
Q2 25
203.1%
Q1 25
166.0%
Q4 24
187.6%
Q3 24
213.5%
Q2 24
147.4%
Q1 24
101.9%
Cash Conversion
AAT
AAT
ACR
ACR
Q4 25
1.00×
Q3 25
8.98×
-0.52×
Q2 25
9.01×
2.72×
Q1 25
0.87×
Q4 24
0.08×
Q3 24
3.15×
1.05×
Q2 24
4.98×
1.07×
Q1 24
2.84×
0.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAT
AAT

Segment breakdown not available.

ACR
ACR

Other$10.8M54%
Pacmulti JVLLC$5.2M26%
Mccallum Jv Llc$2.5M12%
Office Complex$1.5M7%

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