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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $110.6M, roughly 1.3× American Assets Trust, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -31.4%, a 37.5% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -0.1%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
AAT vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $143.3M |
| Net Profit | $6.7M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 23.4% | — |
| Net Margin | 6.1% | -31.4% |
| Revenue YoY | 1.8% | 0.4% |
| Net Profit YoY | -16.3% | -27.9% |
| EPS (diluted) | $0.08 | $-0.10 |
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.
| Q1 26 | $110.6M | $143.3M | ||
| Q4 25 | $110.1M | $142.9M | ||
| Q3 25 | $109.6M | $139.2M | ||
| Q2 25 | $107.9M | $140.3M | ||
| Q1 25 | $108.6M | $142.7M | ||
| Q4 24 | $113.5M | $143.2M | ||
| Q3 24 | $122.8M | $139.3M | ||
| Q2 24 | $110.9M | $143.3M |
| Q1 26 | $6.7M | $-45.0M | ||
| Q4 25 | — | $-43.2M | ||
| Q3 25 | $4.5M | $-13.5M | ||
| Q2 25 | $5.5M | $-16.8M | ||
| Q1 25 | $42.5M | $-10.1M | ||
| Q4 24 | — | $-30.0M | ||
| Q3 24 | $16.7M | $-11.5M | ||
| Q2 24 | $11.9M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | — | ||
| Q3 25 | 60.5% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 62.0% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 63.6% | — |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | 24.1% | — | ||
| Q1 25 | 66.3% | — | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 30.8% | — | ||
| Q2 24 | 27.8% | — |
| Q1 26 | 6.1% | -31.4% | ||
| Q4 25 | — | -30.3% | ||
| Q3 25 | 4.1% | -9.7% | ||
| Q2 25 | 5.1% | -12.0% | ||
| Q1 25 | 39.2% | -7.1% | ||
| Q4 24 | — | -20.9% | ||
| Q3 24 | 13.6% | -8.3% | ||
| Q2 24 | 10.7% | -6.8% |
| Q1 26 | $0.08 | $-0.10 | ||
| Q4 25 | $0.06 | $-0.34 | ||
| Q3 25 | $0.07 | $-0.11 | ||
| Q2 25 | $0.09 | $-0.14 | ||
| Q1 25 | $0.70 | $-0.08 | ||
| Q4 24 | $0.14 | $-0.25 | ||
| Q3 24 | $0.28 | $-0.09 | ||
| Q2 24 | $0.20 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.5B |
| Total Assets | $2.9B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | $2.3M | ||
| Q4 25 | $129.4M | $731.0K | ||
| Q3 25 | $138.7M | $3.0M | ||
| Q2 25 | $143.7M | $3.3M | ||
| Q1 25 | $143.9M | $2.9M | ||
| Q4 24 | $425.7M | $109.6M | ||
| Q3 24 | $533.0M | $133.6M | ||
| Q2 24 | $114.9M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $2.0B | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | $1.1B | $1.5B | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | $2.9B | $4.0B | ||
| Q4 25 | $2.9B | $4.0B | ||
| Q3 25 | $2.9B | $4.0B | ||
| Q2 25 | $3.0B | $4.0B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $3.3B | $4.1B | ||
| Q3 24 | $3.4B | $4.1B | ||
| Q2 24 | $3.0B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | 1.72× | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
PDM
Segment breakdown not available.
