earnings
confidence high
sentiment positive
materiality 0.70
AAT Q4 FFO per share +4% YoY to $0.56; full-year FFO $2.34; dividend raised 3% to $0.33
American Assets Trust, Inc.
2022-FY EPS reported
$0.72
revenue$422,648,000
- Net income $9.6M for Q4 ($0.16 diluted); full-year $43.5M ($0.72).
- Same-store cash NOI increased 5.5% in Q4 and 9.5% for full year 2022.
- Quarterly dividend raised 3% to $0.33 per share for Q1 2023; payable March 23.
- 2023 FFO guidance introduced: $2.16–$2.30 per share, midpoint $2.23.
- Term loan amended to $225M, extended to Jan 2025, transitioned to SOFR.