earnings
confidence high
sentiment positive
materiality 0.80
AAT Q3 FFO $0.57, +30% YoY; acquires two Bellevue office campuses for $209M
American Assets Trust, Inc.
2021-Q3 EPS reported
$0.34
revenue$274,081,000
- Net income $10.0M ($0.17/diluted) vs $5.0M ($0.08) in Q3 2020.
- FFO per diluted share $0.57, up 30% YoY; nine-month FFO $1.46, down 1% YoY.
- Same-store cash NOI increased 14.3% YoY in Q3; full-year 2021 FFO guidance $1.91-$1.93 per share.
- Acquired Eastgate Office Park ($125M, Jul 7) and Corporate Campus East III ($84M, Sep 10) in Bellevue, WA.
- Q4 dividend $0.30/share, payable Dec 23, record Dec 9; rent collection 96% in Q3.