American Assets Trust Q1 FFO $0.71, up 8% YoY; raises 2024 FFO midpoint to $2.29

American Assets Trust, Inc.

2024-Q1 EPS reported $0.32 revenue$110,695,000

Net income $19.3M ($0.32/share); FFO $0.71/share vs $0.66 YoY.
Same-store cash NOI +1.5% (+2.3% excluding $0.5M write-off).
2024 FFO guidance raised to $2.24-$2.34 (midpoint $2.29), +1% from prior.
Leased 80K office sq ft at +8% cash rent; 103K retail sq ft at +2% cash rent.
Q2 dividend $0.335/share, payable June 20; record June 6.

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 first quarter ended March 31, 2024 results: net income $19.3 million, EPS $0.32 per diluted share. Guidance raised.

Period: first quarter ended March 31, 2024
Net income: $19.3 million
EPS: $0.32 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net income available to common stockholders of $19.3 million for the first quarter, or $0.32 per diluted share.

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American Assets Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001500217-24-000024

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