---
schema_version: "secwatch.filing_event.v1"
accession: "0001500217-23-000061"
form_type: "8-K"
ticker: "AAT"
cik: "0001500217"
company_name: "American Assets Trust, Inc."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:05:03.144855+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AAT Q2 FFO $0.59 (+2% YoY); raises FY23 FFO guidance midpoint to $2.32

## Summary
- Net income available to common stockholders of $12.0M ($0.20/diluted share) for Q2 2023.
- FFO per diluted share of $0.59 in Q2 2023, up 2% YoY; H1 2023 FFO $1.25, up 8% YoY.
- Same-store cash NOI increased 7.7% in Q2 and 7.0% in H1 2023 vs. prior year periods.
- Raised FY23 FFO guidance to $2.28-$2.36 per share (midpoint $2.32), ~2% above prior midpoint.
- Declared Q3 dividend of $0.33/share, payable Sept 21, 2023 to holders of record Sept 7.

## SEC filing metadata
- accession: 0001500217-23-000061
- form_type: 8-K
- ticker: AAT
- cik: 0001500217
- company_name: American Assets Trust, Inc.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000061/0001500217-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000061/aat-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500217-23-000061
- JSON: https://secwatch.observer/filing/0001500217-23-000061.json
- Plain text: https://secwatch.observer/filing/0001500217-23-000061.txt

## Key facts
- Earnings Releases
  American Assets Trust, Inc. reported six months ended June 30, 2023 results: net income $28.1 million, EPS $0.47 per diluted share. Guidance raised.
  - Period: six months ended June 30, 2023
  - Net income: $28.1 million
  - EPS: $0.47 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Net income available to common stockholders of $12.0 million and $28.1 million for the three and six months ended June 30, 2023, respectively, or $0.20 and $0.47 per diluted share, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000061/0001500217-23-000061-index.htm
- Earnings Releases
  American Assets Trust, Inc. reported quarter ended June 30, 2023 results: net income $12.0 million, EPS $0.20 per diluted share. Guidance raised.
  - Period: quarter ended June 30, 2023
  - Net income: $12.0 million
  - EPS: $0.20 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Net income available to common stockholders of $12.0 million and $28.1 million for the three and six months ended June 30, 2023, respectively, or $0.20 and $0.47 per diluted share, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000061/0001500217-23-000061-index.htm
- Governance Changes
  American Assets Trust, Inc.: Adopted amendments to bylaws to address universal proxy rules and require proxy card color other than white (effective 2023-07-20).
  - Change: bylaw amendment
  - Effective: 2023-07-20
  source text: On July 20, 2023, the Board of Directors (“Board”) of the Company adopted amendments to the Company’s amended and restated bylaws (as amended, the “Amended and Restated Bylaws”), which became effective the same day. Among other things, the amendments effected by the Amended and Restated Bylaws: a. address the universal proxy rules adopted by the U.S. Securities and Exchange Commission, by clarifying that no person may solicit proxies in support of a director nominee other than the Board’s nominees unless such person has complied with Rule 14a-19 under the Exchange Act, including applicable notice and solicitation requirements; and b. require that a stockholder directly or indirectly soliciting proxies from other stockholders use a proxy card color other than white.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000061/0001500217-23-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.