earnings
confidence high
sentiment negative
materiality 0.70
AAT Q4 FFO $0.57 (+2% YoY); FY2024 guidance midpoint $2.26
American Assets Trust, Inc.
2023-FY EPS reported
$0.84
revenue$441,164,000
- Net income available to common $10.5M ($0.17/diluted) for Q4 2023; FY2023 $50.4M ($0.84/diluted).
- FFO per diluted share $0.57 (Q4) and $2.40 (FY); up 2% and 3% YoY.
- Same-store cash NOI +2.6% in Q4, +4.5% for FY2023 versus prior year.
- FY2024 FFO guidance $2.19-$2.33 per diluted share, midpoint $2.26.
- Q1 2024 dividend declared $0.335/share, up from $0.33 in Q4 2023.