secwatch.observer — SEC 8-K summary
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Issuer:     American Assets Trust, Inc. (AAT)
CIK:        0001500217
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001500217-23-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Assets Trust Q1 net income $16.1M, FFO $0.66 (+16% YoY); raises 2023 FFO guidance
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- Net income available to common stockholders $16.1M ($0.27 diluted); FFO per diluted share $0.66, up 16% YoY.
- Same-store cash NOI increased 6.5% YoY; office cash leasing spreads +10.1%, retail +9.5%.
- Raised 2023 FFO guidance to $2.23-$2.33 per share (midpoint $2.28), ~2% above initial midpoint.
- Amended term loan increased to $225M, extended to Jan 2025, transitioned to SOFR; liquidity $487.3M.
- Q2 dividend declared $0.33 per share, payable June 22, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500217/000150021723000030/0001500217-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500217/000150021723000030/aat-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001500217-23-000030

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