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.
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American Assets Trust reported a net income of $16.1 million ($0.27 per diluted share) for Q1 2023, up from $10.5 million ($0.18) in Q1 2022. Funds From Operations (FFO) per diluted share rose 16% year-over-year to $0.66, driven by a $6.3 million net settlement and increased revenues across segments including multifamily and retail. The company has raised its 2023 FFO guidance to a range of $2.23 to $2.33 per share, with a midpoint of $2.28. Leasing activities saw approximately 56,000 square feet of office space leased at a 23% increase in rent, while retail leasing increased by 28%. Despite facing higher interest expenses and general administrative costs, the company maintained a solid liquidity position with $487.3 million available.
American Assets Trust, Inc. (NYSE:AAT) will release its first quarter 2023 earnings on April 25, 2023, after market close. A conference call is scheduled for April 26, 2023, at 8:00 a.m. PT, allowing investors to discuss the results. The company operates as a self-administered real estate investment trust with a portfolio that includes approximately 4.1 million rentable square feet in office space and 3.1 million in retail, alongside multifamily units and a mixed-use property. With over 50 years of experience, American Assets Trust maintains a strong presence in key U.S. markets, focusing on high-barrier real estate sectors.
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