American Assets Trust Q3 FFO $0.59 per share, raises 2023 FFO guidance to $2.36-$2.40

American Assets Trust, Inc.

2023-Q3 EPS reported $0.66 revenue$328,673,000

Net income $11.8M ($0.20 EPS) vs $12.8M ($0.21) in Q3 2022; FFO per share $0.59 down 6% YoY.
Same-store cash NOI up 1.8% in Q3, 5.2% YTD; office leasing spreads +7% cash, retail +8.2%.
2023 FFO guidance raised to $2.36-$2.40 per share (midpoint $2.38), up 2.6% from prior.
Q4 dividend declared $0.33 per share, payable Dec 21, record Dec 7. Liquidity $490M.
Portfolio leased: office 86.8%, retail 94.4%, multifamily 89.5% as of Sept 30.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

American Assets Trust, Inc. reported for the nine months ended September 30, 2023 results: net income $39.9 million, EPS $0.66 per diluted share. Guidance raised.

Period: for the nine months ended September 30, 2023
Net income: $39.9 million
EPS: $0.66 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net income available to common stockholders of $11.8 million and $39.9 million for the three and nine months ended September 30, 2023, respectively, or $0.20 and $0.66 per diluted share, respectively.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

American Assets Trust, Inc. reported for the quarter ending September 30, 2023 results: net income $11.8 million, EPS $0.20 per diluted share. Guidance raised.

Period: for the quarter ending September 30, 2023
Net income: $11.8 million
EPS: $0.20 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

On October 24, 2023, American Assets Trust, Inc. (the “Company”) issued a press release regarding its financial results for the quarter ending September 30, 2023.

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American Assets Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001500217-23-000068

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