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 reported a net income of $9.6 million for Q4 2022, translating to $0.16 per diluted share. The full-year net income reached $43.5 million or $0.72 per diluted share, marking a substantial increase from 2021. Funds From Operations (FFO) rose by 4% for Q4 and 17% for the year, amounting to $0.56 and $2.34 per diluted share, respectively. The company announced a 3% increase in its quarterly dividend to $0.33 per share. 2023 guidance for FFO is set at $2.16 to $2.30 per diluted share, with a midpoint of $2.23. The company also amended its loan agreement, increasing borrowings and extending the loan maturity date.
American Assets Trust (AAT) announced the tax treatment of its 2022 dividend distributions. For the year, the total distribution per share was $1.28. The taxable ordinary dividend amounts are detailed as follows: $0.294804 for each dividend distribution, with no foreign taxes incurred in 2022. Key dates include record dates of March 10, June 9, September 8, and December 8, 2022, with payable dates following shortly after. Stockholders are advised to consult tax advisors regarding specific tax treatments related to these distributions.
American Assets Trust, Inc. (NYSE:AAT) will release its fourth quarter and year-end 2022 earnings on February 7, 2023, after market close. The company will hold a conference call on February 8, 2023, at 8:00 a.m. PT to discuss these results. The call can be accessed by dialing 1 (833) 630-1956. A live audio webcast will also be available through the company’s Investor Relations website, with a replay available an hour after the call concludes.
American Assets Trust (NYSE:AAT) announced an amendment to its term loan agreement, increasing borrowings from $150 million to $225 million. The maturity date has been extended to January 5, 2025, and borrowings will transition to the Secured Overnight Financing Rate (SOFR) from LIBOR. The term loan is unsecured, and interest rates will be approximately 5.47% for the first year and 5.57% for the second year. This strategic move enhances the company’s financial flexibility and aligns with current market conditions.
American Assets Trust reported a net income of $12.8 million for Q3 2022, or $0.21 per diluted share, up from $10.0 million in Q3 2021. For the nine months, net income reached $33.9 million or $0.56 per share. Funds From Operations (FFO) per diluted share increased 11% year-over-year to $0.63. The company raised its 2022 FFO guidance to $2.30 to $2.34 per diluted share. Notable leasing activity included an average cash-basis rent increase of 24% for office space. The balance sheet shows $3.6 billion in gross real estate assets and $427.4 million in liquidity.
American Assets Trust (NYSE:AAT) will announce its Q3 2022 earnings on October 25, 2022, after market close. A conference call is scheduled for October 26, 2022, at 8:00 a.m. PT for discussion of the earnings report. The call can be accessed by dialing 1 (866) 652-5200. An audio webcast will also be available on the company’s website, with a replay accessible shortly after the call concludes. American Assets Trust, a leading REIT, specializes in managing premier office, retail, and residential properties across several states.
American Assets Trust (AAT) reported a net income of $10.6 million for Q2 2022, translating to $0.18 per diluted share, a rise from $8.9 million in Q2 2021. Year-to-date net income reached $21.1 million, or $0.35 per diluted share. Funds From Operations (FFO) surged 14% and 30% YoY for Q2 and YTD, respectively, now guided between $2.21 and $2.27 per diluted share. Cash Net Operating Income (NOI) increased by 3.6% and 10.4% YoY. Leasing activity included 128,000 office square feet with a 21% rent increase. Dividends were declared at $0.32 per share for Q2 and Q3 2022.
American Assets Trust (NYSE:AAT) announced that it will release its second quarter 2022 earnings after market close on July 26, 2022. Following this, a conference call with senior management will be held on July 27, 2022, at 8:00 a.m. PT, accessible via a toll-free number. The company, a vertically integrated real estate investment trust based in San Diego, has over 50 years of experience in the real estate sector, managing significant portfolios of office, retail, and residential properties across the U.S.
American Assets Trust reported a net income of $10.5 million or $0.18 per diluted share for Q1 2022, a substantial increase from $1.3 million in Q1 2021. Funds From Operations (FFO) rose 50% year-over-year to $0.57 per diluted share. The company also increased its 2022 FFO guidance to $2.13 to $2.21 per diluted share. Notably, same-store cash Net Operating Income (NOI) increased 18.3% year-over-year. The company amended its credit facility, enhancing borrowing capacity to $400 million.
American Assets Trust (NYSE:AAT) will release its Q1 2022 earnings after market close on April 26, 2022. A conference call for the earnings announcement is scheduled for April 27, 2022, at 8:00 a.m. PT. Investors can access the call via a toll-free number or through a live audio webcast on the company's website. The company, based in San Diego, specializes in acquiring, developing, and managing real estate properties across the U.S., with a focus on high-barrier markets, boasting an office portfolio of 4.0 million rentable square feet and a retail portfolio of 3.1 million square feet.
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