earnings
confidence high
sentiment positive
materiality 0.65
American Assets Trust Q2 FFO $0.58 beats; raises 2022 FFO guidance to $2.21-$2.27
American Assets Trust, Inc.
2022-Q2 EPS reported
$0.35
revenue$205,625,000
- Net income to common $10.6M ($0.18 diluted) vs $8.9M ($0.15) in Q2 2021.
- FFO per diluted share $0.58, up 14% YoY; H1 FFO $1.16, up 30%.
- Raised 2022 FFO guidance midpoint to $2.24 from $2.17, range $2.21-$2.27.
- Same-store cash NOI +3.6% QoQ; office leased 128k sq ft at 21% cash rent increase.
- Q3 dividend $0.32 declared, payable Sept 22; multifamily avg rent $2,297 (+5% YoY).