AAT
American Assets Trust, Inc.
AAT's fundamentals are weak and it looks expensive: trading at 61x earnings, about twice its usual 33x. Analysts expect earnings to decline.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
AAT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
AAT's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like AAT.
OPEN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
OPEN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like OPEN.
AAT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 22x | $7.64 | -64% |
| Fair | 33x | $11.48 | -47% |
| Forward | 60x | $21.50 | — |
| Current | 61x | $21.50 | — |
| Expensive | 77x | $26.80 | +25% |
Historical ranges are pointers, not guarantees.
AAT's PE is in its expensive range at 61x. On analysts' estimates for next year's earnings, today's price would be 60x.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
AAT Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Decline | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect AAT's revenue to grow, but its earnings and profitability to decline.
OPEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
OPEN has the edge over AAT on the outlook, with more favorable profitability expectations.
AAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.36 | +2.9% |
| Q3 2026 | $0.35 | -65% |
| Q2 2026 | $0.29 | -76% |
| Q1 2026 | $0.29 | -78% |
| Q4 2025 | $0.91 | -4.2% |
| Q3 2025 | $1.01 | +4.1% |
| Q2 2025 | $1.22 | +37% |
| Q1 2025 | $1.33 | +49% |
| Q4 2024 | $0.95 | +13% |
AAT has the edge over OPEN on earnings quality, reporting a profit while its opponent remains loss making.
OPEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.00 | -$1.56 |
| Q2 2026 | -$1.89 | -$1.46 |
| Q1 2026 | -$1.76 | -$1.24 |
| Q4 2025 | -$1.70 | -$1.14 |
| Q3 2025 | -$0.44 | +$0.09 |
| Q2 2025 | -$0.43 | +$0.15 |
| Q1 2025 | -$0.52 | -$0.10 |
| Q4 2024 | -$0.56 | -$0.14 |
OPEN lost $2.00 per share over the past year, and its loss has widened in each of the last five quarters.
AAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.3M | +4.3% |
| Q2 2026 | $109.5M | +1.4% |
| Q1 2026 | $110.6M | +1.8% |
| Q4 2025 | $110.1M | -3% |
| Q3 2025 | $109.6M | -11% |
| Q2 2025 | $107.9M | -2.7% |
| Q1 2025 | $108.6M | -1.9% |
| Q4 2024 | $113.5M | +0.9% |
AAT has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | +3.2 points |
| Q2 2026 | 24% | -0.1 points |
| Q1 2026 | 23% | -43 points |
| Q4 2025 | 21% | -5.4 points |
| Q3 2025 | 23% | -8.2 points |
| Q2 2025 | 24% | -3.7 points |
| Q1 2025 | 66% | +39 points |
| Q4 2024 | 26% | +0.4 points |
AAT has the edge over OPEN on profitability, with a higher operating margin.
OPEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +12% |
| Q2 2026 | $883M | -44% |
| Q1 2026 | $720M | -38% |
| Q4 2025 | $736M | -32% |
| Q3 2025 | $915M | -34% |
| Q2 2025 | $1.6B | +3.7% |
| Q1 2025 | $1.2B | -2.4% |
| Q4 2024 | $1.1B | +25% |
OPEN's revenue is recovering but still below its 2022 peak: $1B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | -11 points |
| Q2 2026 | -16% | -16 points |
| Q1 2026 | -22% | -17 points |
| Q4 2025 | -20% | -12 points |
| Q3 2025 | -7.4% | -2.6 points |
| Q2 2025 | -0.8% | +3.9 points |
| Q1 2025 | -4.9% | +2.5 points |
| Q4 2024 | -8.7% | +4.6 points |
OPEN's operating margin was −18% last quarter, down 11 points from the same quarter a year ago.
AAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.6M | -59% |
| Q2 2026 | $24.4M | -14% |
| Q1 2026 | $18.2M | -11% |
| Q4 2025 | $23M | +7% |
| Q3 2025 | $23.1M | -17% |
| Q2 2025 | $28.4M | -35% |
| Q1 2025 | $20.4M | -53% |
| Q4 2024 | $21.5M | +6.9% |
AAT has the edge over OPEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
OPEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$836M | -294% |
| Q2 2026 | -$723M | -188% |
| Q1 2026 | -$250M | +$33M |
| Q4 2025 | $67M | +$150M |
| Q3 2025 | $432M | +671% |
| Q2 2025 | $821M | +$1.2B |
| Q1 2025 | -$283M | -$97M |
| Q4 2024 | -$83M | +$468M |
OPEN's free cash flow was −$1.7B over the past year, against $887M the year before. Free cash flow isn't a meaningful measure for real estate companies like OPEN.
AAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +12.1K shares |
| 1 year | +0.2% | +169K shares |
| 3 years | +0.7% | +571K shares |
| 5 years | +1% | +782K shares |
AAT has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
OPEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -16.3M shares |
| 1 year | +30% | +220M shares |
| 3 years | +42% | +282M shares |
| 5 years | +61% | +361M shares |
| Available history | +1042% | +866M shares |
OPEN has 949M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
AAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.8x | High |
| Q2 2026 | 6.9x | High |
| Q1 2026 | 6.9x | High |
| Q4 2025 | 5.8x | High |
| Q3 2025 | 5.6x | High |
| Q2 2025 | 5.3x | High |
| Q1 2025 | 5.2x | High |
| Q4 2024 | 6.3x | High |
AAT's net debt is about 6.8 years of its operating earnings (EBITDA), up from 5.5 years a year ago. Net leverage isn't a meaningful measure for real estate companies like AAT.
OPEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 337.2x | High |
OPEN's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for real estate companies like OPEN.
AAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.4 | Neutral |
| Stochastic | 35.4 | Neutral |
AAT's weekly RSI is 45 (neutral) and its Stochastic is 35 (neutral).
OPEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.6 | Oversold |
| Stochastic | 1.2 | Oversold |
OPEN's weekly RSI is 21 (oversold) and its Stochastic is 1 (oversold).
AAT PE vs Real Estate Sector
| Metric | AAT | Sector median | Relative |
|---|---|---|---|
| PE | 61x | 24x | 157% above |
| PE % | 75 | 23 | 52 pts above |
AAT is trading at 61x earnings, a 157% premium to the Real Estate sector's median of 24x.
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
AAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.5 | 0.1% below |
| 20 week MA | $22.6 | 5% below |
| 50 week MA | $21.1 | 1.8% above |
| 100 week MA | $20.9 | 2.7% above |
| 200 week MA | $21.7 | 0.7% below |
AAT has the edge over OPEN on trend strength, trading above more of its moving averages.
OPEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.97 | 37% below |
| 20 week MA | $3.00 | 59% below |
| 50 week MA | $4.37 | 72% below |
| 100 week MA | $3.74 | 67% below |
| 200 week MA | $3.13 | 60% below |
OPEN is in a downtrend: it's below all five of its weekly moving averages, and 60% below its 200-week average.
AAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.3 | $28.5 | -37% |
| 2021 | $28.5 | $36.4 | +28% |
| 2022 | $36.4 | $26.5 | -27% |
| 2023 | $26.5 | $22.5 | -15% |
| 2024 | $22.5 | $26.1 | +16% |
| 2025 | $26.1 | $18.9 | -28% |
| 2026 YTD | $18.9 | $21.5 | +14% |
AAT has the edge over OPEN on returns for 2026, with the stronger performance.
OPEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $27.4 | +150% |
| 2021 | $27.4 | $14.9 | -46% |
| 2022 | $14.9 | $1.02 | -93% |
| 2023 | $1.02 | $4.48 | +339% |
| 2024 | $4.48 | $1.67 | -63% |
| 2025 | $1.67 | $6.01 | +260% |
| 2026 YTD | $6.01 | $1.24 | -79% |
OPEN's yearly returns have swung widely, from +339% in 2023 to −93% in 2022. It's down 79% so far in 2026.