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National Health Investors vs American Assets Trust: NHI and AAT compared
National Health Investors is the larger company: $113M of revenue in its latest quarter (Q3 2026) against $111M for American Assets Trust (Q1 2026). National Health Investors is growing faster (+26% against +2% a year earlier). National Health Investors is more profitable, with an operating margin of 495.9% against 23.4%.
Where the money goes: NHI and AAT
National Health Investors (NHI) · Q3 2026
National Health Investors, Q3 2026: revenue $113M (+26% year over year), operating margin 495.9%, net earnings $564M, operating cash flow $48.0M. The chart follows the revenue to costs, profit and cash.
American Assets Trust (AAT) · Q1 2026
American Assets Trust, Q1 2026: revenue $111M (+2% year over year), operating margin 23.4%, net earnings $5.1M, operating cash flow $38.6M. The chart follows the revenue to costs, profit and cash.
| National Health Investors (NHI) | American Assets Trust (AAT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 2026 |
| Revenue | $113M | $111M |
| Revenue growth, Y/Y | +26% | +2% |
| Gross margin | — | 60.5% |
| Operating margin | 495.9% | 23.4% |
| Net earnings | $564M | $5.1M |
| Net margin | 496.6% | 4.6% |
| Operating cash flow | $48.0M | $38.6M |
| Free cash flow | $41.2M | $18.2M |
Where the revenue comes from
American Assets Trust
- Office: $52.4M (47%)
- Retail: $23.3M (21%)
- Multifamily: $18.2M (16%)
- Mixed-use: $16.7M (15%)
Questions
Which is bigger, National Health Investors or American Assets Trust?
National Health Investors is the larger company: $113M of revenue in its latest quarter (Q3 2026) against $111M for American Assets Trust (Q1 2026).
Is National Health Investors or American Assets Trust growing faster?
National Health Investors is growing faster (+26% against +2% a year earlier).
Which is more profitable, National Health Investors or American Assets Trust?
National Health Investors is more profitable, with an operating margin of 495.9% against 23.4%.
More: National Health Investors earnings · how National Health Investors makes money · American Assets Trust earnings · how American Assets Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed May 1, 2026). Fiscal quarters can end on different dates. Not investment advice.