American Assets Trust Q2 FFO $0.51 (+6% YoY), dividend to $0.30, appoints Wyll President/COO

American Assets Trust, Inc.

2021-Q2 EPS reported $0.17 revenue$175,795,000

Q2 net income $8.9M ($0.15/share); FFO $39.0M ($0.51/share), +6% YoY and +34% sequentially.
Same-store cash NOI +23.3% YoY; Q2 rent collections 96% (office 99%, retail 95%, multifamily 94%).
Dividend raised to $0.30/share for Q3 2021 (payable Sept 23, record Sept 9), from $0.28 in Q2.
Closed $125M acquisition of Eastgate Office Park (280k sq ft, Bellevue WA) on July 7, 2021.
Adam Wyll appointed President and COO (eff. July 23); he was EVP/COO since Nov 2019.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Adam Wyll

President and Chief Operating Officer

AAT · American Assets Trust, Inc.

Effective: 2021-07-23
Filed: July 27, 2021, 7:59 PM ET

On July 23, 2021, the Board of Directors of the Company appointed Adam Wyll to the position of President and Chief Operating Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Wyll was appointed as President and Chief Operating Officer at American Assets Trust, Inc..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

On July 23, 2021, the Board of Directors of the Company appointed Adam Wyll to the position of President and Chief Operating Officer.

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American Assets Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001500217-21-000093

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