earnings
confidence high
sentiment positive
materiality 0.75
AAT Q4 FFO $0.54/share (+32% YoY); raises dividend 7%, guides FY2022 FFO $2.09-$2.17
American Assets Trust, Inc.
2021-FY EPS reported
$0.47
revenue$375,828,000
- Net income $8.1M ($0.14 diluted EPS) vs $2.9M in Q4 2020.
- FFO per diluted share $0.54 (Q4) and $2.00 (FY2021); FY FFO up 6% YoY.
- Same-store cash NOI up 20.0% Q4, 10.3% FY; office cash leasing spreads +17.9%.
- Dividend raised 7% to $0.32/share for Q1 2022, payable March 24, 2022.
- 2022 FFO guidance $2.09-$2.17 per share, midpoint $2.13 (6.5% over 2021).