secwatch.observer — SEC 8-K summary
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Issuer:     American Assets Trust, Inc. (AAT)
CIK:        0001500217
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001500217-22-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AAT Q1 FFO $0.57 (+50% YoY), same-store cash NOI +18.3%, raises 2022 FFO guidance
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- Net income $10.5M ($0.18/dil share); FFO $0.57/dil share (+50% YoY).
- Same-store cash NOI increased 18.3% YoY; office leased 91.5%, retail 92.2%.
- Acquired Bel-Spring 520 office campus in Bellevue, WA for ~$46M on March 8.
- Raised 2022 FFO guidance to $2.13-$2.21 per share (midpoint $2.17, +2%).
- Amended credit facility to $400M revolving line; maturities extended to 2026/2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500217/000150021722000038/0001500217-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500217/000150021722000038/aat-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001500217-22-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer