American Assets

American Assets Trust, Inc. is a real estate investment trust. It owns, operates, acquires, and develops retail shopping centers, office properties, mixed-use properties, and multifamily properties. The company operates through the following business segments: Retail, Office, Multifamily, and Mixed-Use. The Retail segment includes rental of retail space. The Office segment includes rental of office space. The Multifamily segment includes rental of apartments. The Mixed-Use segment includes rental of retail space and other tenant services. American Assets Trust was founded on July 16, 2010 and is headquartered in San Diego, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

American Assets achieves record FFO, focuses on portfolio resilience

American Assets reported strong financial performance with record FFO per share and dividend increase.
Leasing activity across portfolios showed resilience and positive rent growth in key markets.
Detailed guidance provided for 2023 FFO per share, with a focus on maintaining existing properties.
Challenges include potential impact of tenant rightsizing and increased expenses in the multifamily segment.
Opportunities lie in development projects, office demand trends, and cautious capital allocation strategy.

American Assets Trust reports robust Q1 performance and growth outlook

American Assets Trust demonstrated resilience and strong performance in Q1 2023, driven by its diverse portfolio and efficient operations.
Despite challenges in office utilization and potential regulatory impacts, the company remains well-positioned with a focus on financial strength and growth.
With opportunities to leverage positive leasing trends and increased FFO guidance, American Assets Trust is poised for continued success and value creation for stakeholders.

American Assets Trust reports strong Q2 earnings and boosts 2023 guidance

American Assets Trust's Q2 2023 Earnings Call highlighted robust financial results, positive rent growth, and an increased FFO per share guidance for 2023. The company's focus on sustainability, strong tenant attraction, and strategic investments position it well for future growth.

American Assets Trust reports robust Q3 performance and eyes growth opportunities

American Assets Trust's Q3 2023 earnings call showcased strong financial performance, operational resilience, and a positive outlook for future growth. Despite challenges such as economic uncertainties and debt-related risks, the company remains confident in its portfolio's performance and long-term prospects.

American Assets Trust reports record FFO, eyes growth amid challenges

American Assets Trust demonstrated financial strength and operational resilience in Q4 2023, with a focus on long-term growth and maintaining a strong balance sheet. While facing challenges in office leasing and uncertainties in Hawaii's tourism, the company is strategically positioned to capitalize on growth opportunities.

American Assets Trust (AAT) excels in Q1 2024 earnings, sees growth opportunities

American Assets Trust (AAT) reported a strong start in Q1 2024, driven by its diverse portfolio and efficient operations. The company achieved record-high retail leasing spreads and increased FFO guidance for the year. While challenges exist, opportunities in leasing activity and tourism support growth prospects.

American Assets Trust (AAT) reports solid Q3 performance and optimistic outlook for 2024

American Assets Trust (AAT) demonstrated strong financial performance in Q3 2024, supported by robust FFO and net income figures.
The company's focus on retail leasing spreads and liquidity management reflects a proactive approach to enhancing shareholder value.
Analyst inquiries highlighted areas of interest such as leasing spreads and future performance, signaling a commitment to transparency and investor engagement.
With a positive outlook for 2024 and strategic initiatives in place, American Assets Trust (AAT) is well-positioned for continued growth and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

American Assets Trust, Inc. is a real estate investment trust. It owns, operates, acquires, and develops retail shopping centers, office properties, mixed-use properties, and multifamily properties. It operates through the following segments: Office, Retail, Multifamily, and Mixed-Use. The Office segment includes rental of office space. The Retail segment focuses on rental of retail space. The Multifamily segment refers to rental of apartments. The Mixed-Use segment offers rental of retail space and other tenant services. The company was founded on July 16, 2010 and is headquartered in San Diego, CA.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does American Assets Trust (AAT) have what it takes?

Why American Assets Trust (AAT) is a Top Dividend Stock for Your Portfolio

SAN DIEGO, Sept. 29, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) will announce its third quarter 2022 earnings in a press release to be issued after the market closes on Tuesday, October 25, 2022.

American Assets Trust, Inc. Announces Third Quarter 2022 Earnings Release Date and Conference Call Information

AAT is recovering strongly from the pandemic. AAT is on track to achieve all-time high FFO per unit in 2022.

American Assets Trust Has Become Too Cheap To Ignore

American Assets Trust (AAT) is a Top Dividend Stock Right Now: Should You Buy?

This is Why American Assets Trust (AAT) is a Great Dividend Stock

American Assets Trust (AAT) Could Be a Great Choice

American Assets Trust, Inc. (NYSE:AAT ) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Adam Wyll - President & Chief Operating Officer Ernest Rady - Chairman & Chief Executive Officer Bob Barton - Chief Financial Officer Steve Center - Senior Vice President, Office Properties Abigail Rex - Vice President, Multifamily, San Diego Conference Call Participants Arthur Porto - Keybanc Operator Welcome to the Quarter Two 2022 American Assets Trust Inc. Earnings Conference Call. My name is Jenny, and I'll be your operator for today's call.

American Assets Trust, Inc. (AAT) CEO Ernest Rady on Q2 2022 Results - Earnings Call Transcript

American Assets Trust (AAT) delivered FFO and revenue surprises of 7.41% and 4.84%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

American Assets Trust (AAT) Beats Q2 FFO and Revenue Estimates

Net income available to common stockholders of $10.6 million and $21.1 million for the three and six months ended June 30, 2022, respectively, or $0.18 and $0.35 per diluted share, respectively.

American Assets Trust, Inc. Reports Second Quarter 2022 Financial Results

SAN DIEGO, July 05, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) will announce its second quarter 2022 earnings in a press release to be issued after the market closes on Tuesday, July 26, 2022.

American Assets Trust, Inc. Announces Second Quarter 2022 Earnings Release Date and Conference Call Information

Armada Hoffler Properties

Alexander & Baldwin

Boston Properties

Americold Realty

CTO Realty Growth

EastGroup Properties

Equinix

Invitation Homes

InvenTrust Properties Corp

Life Storage

Phillips Edison & Co Inc

Plymouth Industrial REIT

Public Storage

Ramco-Gershenson Properties

Sabra Health Care

SITE Centers Corp

Simon Property Group

Sun Communities

Welltower

After meeting with over 25 companies in New York for the first in-person NAREIT sponsored conference since November 2019, we came away extremely positive on the fundamentals for REITs. Across the board, leasing, occupancy, and rent growth are tracking at or above expectations, and the recent increase in interest rates has already slowed new construction, further tilting the supply.

Equity REITs: Takeaways From NAREIT REIT Week

AAT is offering a nearly 10-year high dividend yield of 4.3%. AAT is trading at a 10-year low price-to-FFO ratio due to its 22% decline this year, along with the broad market.

American Assets Trust: Offering A Nearly 10-Year High Dividend Yield

American Assets Trust, Inc. (NYSE:AAT ) Q1 2022 Earnings Conference Call April 27, 2022 9:00 AM ET Company Participants Ernest Rady – Chairman and Chief Executive Officer Adam Wyll – President and Chief Operating Officer Bob Barton – Chief Financial Officer Steve Center – Vice President, Office Properties Conference Call Participants Todd Thomas – KeyBanc Adam Kramer – Morgan Stanley Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2022 American Assets Trust Inc. Earnings Conference Call. [Operator Instructions].

American Assets Trust, Inc. (AAT) CEO Ernest Rady on Q1 2022 Results - Earnings Call Transcript

Net income available to common stockholders of $10.5 million for the first quarter, or $0.18 per diluted share.

American Assets Trust, Inc. Reports First Quarter 2022 Financial Results

Alexander's

Brandywine Realty

City Office REIT

CIM Commercial Trust

Cousins Properties

Easterly Government Properties

Douglas Emmett

Equity Commonwealth

Empire State Realty Trust

Franklin Street Properties Corp.

Highwoods Properties

Hudson Pacific Properties

JBG SMITH Properties

Kilroy Realty

Corporate Office Properties Trust

Orion Office REIT

Office Properties Income Trust

Piedmont Office Realty Trust

Paramount Group

SL Green Realty

Vornado Realty Trust

Vanguard Real Estate ETF

The Office REIT sector has been an upside surprise thus far in 2022.

Picking A Winner In Office REITs

SAN DIEGO, April 05, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) will announce its first quarter 2022 earnings in a press release to be issued after the market closes on Tuesday, April 26, 2022.

American Assets Trust, Inc. Announces First Quarter 2022 Earnings Release Date and Conference Call Information

American Assets Trust continues to fare well fundamentally.

American Assets Trust: Limited Upside Is Still A Problem

SAN DIEGO, March 08, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) has successfully closed on the acquisition of Bel-Spring 520, consisting of an approximately 93,000 square foot, multi-tenant office campus located on over 5 acres just off the interstate 405 and 520 freeway interchange, less than 5 minutes away from downtown Bellevue, Washington.

American Assets Trust, Inc. Acquires Bel-Spring 520 Office Campus in Bellevue, Washington

American Assets Trust, Inc. (AAT) CEO Ernest Rady on Q4 2021 Results - Earnings Call Transcript

Net income available to common stockholders of $8.1 million and $28.4 million for the three months and year ended December 31, 2021, respectively, or $0.14 and $0.47 per diluted share, respectively.

American Assets Trust, Inc. Reports Fourth Quarter and Year End 2021 Financial Results

iShares U.S. Real Estate ETF

Prologis

While the REIT volatility in 2021 was nowhere near where it was in 2020, the dispersion of performance between the top and bottom quartile REITs was elevated at 78 percentage points.

REITs Are Ripe For Active Management

SAN DIEGO, Jan. 18, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) announced today the tax treatment of its 2021 dividend distributions as follows:

American Assets Trust, Inc. Releases Tax Status of 2021 Distributions

SAN DIEGO, Jan. 12, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) will announce its fourth quarter and year-end 2021 earnings in a press release to be issued after the market closes on Tuesday, February 8, 2022.

American Assets Trust, Inc. Announces Fourth Quarter and Year-End 2021 Earnings Release Date and Conference Call Information

SAN DIEGO, Jan. 05, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) announced today that it has amended and restated its existing credit agreement.

American Assets Trust, Inc. Increases Revolving Line of Credit to $400 Million and Extends Maturity Date in Its Third Amended and Restated Credit Agreement

AAT is offering a 3.2% dividend yield. AAT is recovering strongly from the pandemic.

American Assets Trust Is More Attractive Than It Seems On The Surface

News for American Assets Stock (AAT)