secwatch.observer — SEC 8-K summary
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Issuer:     American Assets Trust, Inc. (AAT)
CIK:        0001500217
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001500217-24-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Assets Trust Q3 net income $16.7M; FFO $0.71/share; raises 2024 guidance
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- Net income available to common stockholders $16.7M ($0.28/diluted share); FFO $0.71/diluted share, up 20% YoY.
- Same-store cash NOI up 15.8% in Q3; office same-store NOI up 27.6% (includes termination fee).
- Raised 2024 FFO guidance to $2.51-$2.55 per share (midpoint $2.53), 1% above prior midpoint.
- Leased 58k sq ft office at 7.8% cash rent increase; 125k sq ft retail at 4.4% cash rent increase.
- Closed $525M 6.15% senior notes due 2034; declared Q4 dividend $0.335/share payable Dec 19.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500217/000150021724000050/0001500217-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500217/000150021724000050/aat-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001500217-24-000050

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