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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and OMEGA HEALTHCARE INVESTORS INC (OHI). Click either name above to swap in a different company.

OMEGA HEALTHCARE INVESTORS INC is the larger business by last-quarter revenue ($319.2M vs $9.6M, roughly 33.1× American Assets Trust, Inc.). On growth, OMEGA HEALTHCARE INVESTORS INC posted the faster year-over-year revenue change (14.3% vs -5.5%). OMEGA HEALTHCARE INVESTORS INC produced more free cash flow last quarter ($203.9M vs $23.0M). Over the past eight quarters, OMEGA HEALTHCARE INVESTORS INC's revenue compounded faster (14.5% 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.

Omega Healthcare Investors Inc is a specialized real estate investment trust that owns, leases and manages healthcare-related real estate assets, mainly including skilled nursing facilities, senior housing and long-term care facilities across the U.S. and UK. It partners with healthcare operators to provide stable real estate support for quality patient care delivery.

AAT vs OHI — Head-to-Head

Bigger by revenue
OHI
OHI
33.1× larger
OHI
$319.2M
$9.6M
AAT
Growing faster (revenue YoY)
OHI
OHI
+19.8% gap
OHI
14.3%
-5.5%
AAT
More free cash flow
OHI
OHI
$180.9M more FCF
OHI
$203.9M
$23.0M
AAT
Faster 2-yr revenue CAGR
OHI
OHI
Annualised
OHI
14.5%
-5.2%
AAT

Income Statement — Q4 2025 vs Q4 2025

Metric
AAT
AAT
OHI
OHI
Revenue
$9.6M
$319.2M
Net Profit
$164.8M
Gross Margin
Operating Margin
53.7%
Net Margin
51.6%
Revenue YoY
-5.5%
14.3%
Net Profit YoY
45.4%
EPS (diluted)
$0.06
$0.56

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
OHI
OHI
Q4 25
$9.6M
$319.2M
Q3 25
$10.1M
$311.6M
Q2 25
$10.2M
$282.5M
Q1 25
$9.9M
$276.8M
Q4 24
$10.2M
$279.3M
Q3 24
$11.4M
$276.0M
Q2 24
$10.6M
$252.7M
Q1 24
$10.7M
$243.3M
Net Profit
AAT
AAT
OHI
OHI
Q4 25
$164.8M
Q3 25
$4.5M
$179.7M
Q2 25
$5.5M
$136.6M
Q1 25
$42.5M
$109.0M
Q4 24
$113.3M
Q3 24
$16.7M
$111.8M
Q2 24
$11.9M
$113.9M
Q1 24
$19.3M
$67.4M
Operating Margin
AAT
AAT
OHI
OHI
Q4 25
53.7%
Q3 25
61.4%
Q2 25
52.1%
Q1 25
41.4%
Q4 24
42.5%
Q3 24
40.3%
Q2 24
47.1%
Q1 24
29.5%
Net Margin
AAT
AAT
OHI
OHI
Q4 25
51.6%
Q3 25
44.6%
57.7%
Q2 25
53.2%
48.4%
Q1 25
429.3%
39.4%
Q4 24
40.6%
Q3 24
145.5%
40.5%
Q2 24
111.9%
45.1%
Q1 24
179.4%
27.7%
EPS (diluted)
AAT
AAT
OHI
OHI
Q4 25
$0.06
$0.56
Q3 25
$0.07
$0.59
Q2 25
$0.09
$0.46
Q1 25
$0.70
$0.33
Q4 24
$0.14
$0.41
Q3 24
$0.28
$0.42
Q2 24
$0.20
$0.45
Q1 24
$0.32
$0.27

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
OHI
OHI
Cash + ST InvestmentsLiquidity on hand
$129.4M
$27.0M
Total DebtLower is stronger
$1.7B
$4.3B
Stockholders' EquityBook value
$1.2B
$5.2B
Total Assets
$2.9B
$10.0B
Debt / EquityLower = less leverage
1.48×
0.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
OHI
OHI
Q4 25
$129.4M
$27.0M
Q3 25
$138.7M
$737.2M
Q2 25
$143.7M
$734.2M
Q1 25
$143.9M
$368.0M
Q4 24
$425.7M
$518.3M
Q3 24
$533.0M
$342.4M
Q2 24
$114.9M
$35.2M
Q1 24
$98.6M
$361.8M
Total Debt
AAT
AAT
OHI
OHI
Q4 25
$1.7B
$4.3B
Q3 25
$5.0B
Q2 25
$5.0B
Q1 25
$4.4B
Q4 24
$2.0B
$4.8B
Q3 24
$4.9B
Q2 24
$4.7B
Q1 24
$5.0B
Stockholders' Equity
AAT
AAT
OHI
OHI
Q4 25
$1.2B
$5.2B
Q3 25
$1.2B
$5.0B
Q2 25
$1.2B
$5.0B
Q1 25
$1.2B
$4.7B
Q4 24
$1.2B
$4.5B
Q3 24
$1.2B
$4.2B
Q2 24
$1.2B
$3.7B
Q1 24
$1.2B
$3.5B
Total Assets
AAT
AAT
OHI
OHI
Q4 25
$2.9B
$10.0B
Q3 25
$2.9B
$10.6B
Q2 25
$3.0B
$10.5B
Q1 25
$3.0B
$9.7B
Q4 24
$3.3B
$9.9B
Q3 24
$3.4B
$9.6B
Q2 24
$3.0B
$8.8B
Q1 24
$3.0B
$9.0B
Debt / Equity
AAT
AAT
OHI
OHI
Q4 25
1.48×
0.82×
Q3 25
0.99×
Q2 25
1.00×
Q1 25
0.94×
Q4 24
1.72×
1.07×
Q3 24
1.15×
Q2 24
1.26×
Q1 24
1.43×

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
OHI
OHI
Operating Cash FlowLast quarter
$40.6M
$230.6M
Free Cash FlowOCF − Capex
$23.0M
$203.9M
FCF MarginFCF / Revenue
238.4%
63.9%
Capex IntensityCapex / Revenue
182.1%
8.4%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$94.9M
$797.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
OHI
OHI
Q4 25
$40.6M
$230.6M
Q3 25
$40.5M
$226.7M
Q2 25
$49.2M
$239.3M
Q1 25
$36.9M
$182.0M
Q4 24
$40.6M
$229.0M
Q3 24
$52.4M
$184.9M
Q2 24
$59.3M
$184.1M
Q1 24
$54.8M
$151.5M
Free Cash Flow
AAT
AAT
OHI
OHI
Q4 25
$23.0M
$203.9M
Q3 25
$23.1M
$205.5M
Q2 25
$28.4M
$226.5M
Q1 25
$20.4M
$161.8M
Q4 24
$21.5M
$213.5M
Q3 24
$28.0M
$176.6M
Q2 24
$43.6M
$177.0M
Q1 24
$43.8M
$144.5M
FCF Margin
AAT
AAT
OHI
OHI
Q4 25
238.4%
63.9%
Q3 25
228.3%
65.9%
Q2 25
276.7%
80.2%
Q1 25
206.1%
58.4%
Q4 24
210.4%
76.4%
Q3 24
244.4%
64.0%
Q2 24
409.9%
70.0%
Q1 24
408.5%
59.4%
Capex Intensity
AAT
AAT
OHI
OHI
Q4 25
182.1%
8.4%
Q3 25
172.4%
6.8%
Q2 25
203.1%
4.5%
Q1 25
166.0%
7.3%
Q4 24
187.6%
5.5%
Q3 24
213.5%
3.0%
Q2 24
147.4%
2.8%
Q1 24
101.9%
2.9%
Cash Conversion
AAT
AAT
OHI
OHI
Q4 25
1.40×
Q3 25
8.98×
1.26×
Q2 25
9.01×
1.75×
Q1 25
0.87×
1.67×
Q4 24
2.02×
Q3 24
3.15×
1.65×
Q2 24
4.98×
1.62×
Q1 24
2.84×
2.25×

Financial Flow Comparison

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

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