COMP <GO>

AAT vs V // GROSS PROFIT MARGIN

American Assets Trust Inc. (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: AAT 4 — V 5

■ METRIC PARITY

LAST: $21.73 (-0.73%) • MKT CAP: $1.34B

gross-margins

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LAST: $420.42 (-1.20%) • MKT CAP: $760.28B

gross-margins

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AAT VS. V) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AAT	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin ACTIVE	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	11.30%	32.30%	-21.00	V	/roic <GO>
EV/EBITDA & P/E Valuation	8.5x	28.9x	-20.40	AAT	/valuation <GO>
Free Cash Flow Yield	12.19%	2.90%	+9.29	AAT	/fcf-yield <GO>
Operating Margin	75.00%	60.00%	+15.00	AAT	/operating-margins <GO>
Net Profit Margin	—	50.10%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	-7.20%	11.30%	-18.50	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	7.68%	0.63%	+7.05	AAT	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	9.09	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	9/9	-6.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	53.6	74.2	-20.60	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	34.0x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.34B	$760.28B	-$758.94B	V	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AAT REV	V REV	AAT GROSS %	V GROSS %	AAT FCF	V FCF
FY 2025	$39.9M	$40.00B	—	—	$167.1M	$21.26B
FY 2024	$43.0M	$35.93B	—	—	$207.1M	$18.33B
FY 2023	$42.9M	$32.65B	—	—	$188.8M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AAT // BETA —

V // BETA 1.06