Welcome to our dedicated page for American Assets Tr news (Ticker: AAT), a resource for investors and traders seeking the latest updates and insights on American Assets Tr stock.
American Assets Trust, Inc. (NYSE: AAT) is a San Diego, California-based real estate investment trust (REIT) that publicly reports on its office, retail, multifamily and mixed-use portfolio across high-barrier-to-entry markets in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. This news page aggregates company announcements and earnings-related updates for investors tracking AAT stock.
Readers can find quarterly and year-end financial results where American Assets Trust, Inc. discusses net income available to common stockholders, funds from operations (FFO), FFO per diluted share, same-store cash net operating income (NOI), leasing spreads and portfolio leased percentages. The company also issues news releases announcing earnings release dates and conference call details, along with links to supplemental financial information made available on its investor-focused pages.
In addition to earnings, American Assets Trust, Inc. uses news releases to describe portfolio activity such as the sale of Del Monte Shopping Center in Monterey, California, and the acquisition of Genesee Park, a 192-unit apartment community in San Diego, California. Updates on development and redevelopment projects, as well as changes in occupancy and average rents across office, retail, multifamily and mixed-use segments, are also reflected in its reported metrics.
For investors and analysts following AAT news, this feed provides a single view of the company’s publicly released information on operating performance, leasing activity, guidance for funds from operations and capital allocation decisions such as acquisitions, dispositions and dividends. Regular review of these items can help users understand how American Assets Trust, Inc. describes the evolution of its real estate portfolio and financial profile over time.
American Assets Trust (NYSE:AAT) announced it will release its second quarter 2024 earnings after the market closes on Tuesday, July 30, 2024. A conference call is scheduled for Wednesday, July 31, 2024, at 8:00 a.m. Pacific Time to discuss the results. Interested parties can join the call by dialing 1 (833) 816-1162. Additionally, a live on-demand audio webcast and replay will be available on the company's Investor Relations webpage.
American Assets Trust, Inc. reported a strong first quarter with net income of $19.3 million and FFO per diluted share of $0.71, an 8% increase year-over-year. The company raised its 2024 FFO guidance to $2.24-$2.34 per share, showing a 1% increase over prior guidance. Leasing activities saw positive growth, with significant increases in office and retail rental rates. The company maintains a healthy balance sheet with $498.6 million in liquidity and only one asset encumbered by a mortgage.
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