secwatch.observer — SEC 8-K summary
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Issuer:     American Assets Trust, Inc. (AAT)
CIK:        0001500217
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001500217-24-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500217/000150021724000024/0001500217-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500217/000150021724000024/aat-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001500217-24-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer