---
schema_version: "secwatch.filing_event.v1"
accession: "0001500217-23-000068"
form_type: "8-K"
ticker: "AAT"
cik: "0001500217"
company_name: "American Assets Trust, Inc."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T13:57:56.127674+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001500217-23-000068
- form_type: 8-K
- ticker: AAT
- cik: 0001500217
- company_name: American Assets Trust, Inc.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000068/0001500217-23-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000068/aat-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500217-23-000068
- JSON: https://secwatch.observer/filing/0001500217-23-000068.json
- Plain text: https://secwatch.observer/filing/0001500217-23-000068.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000068/0001500217-23-000068-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500217/000150021723000068/0001500217-23-000068-index.htm

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