earnings
confidence high
sentiment neutral
materiality 0.65
American Assets Trust Q4 FFO $0.55, down 4% YoY; 2025 FFO guidance midpoint $1.94 vs $2.58
American Assets Trust, Inc.
2024-FY EPS reported
$0.94
revenue$457,855,000
- Net income FY2024 $56.8M ($0.94 EPS); FFO per diluted share $2.58 (up 8% YoY). Q4 FFO $0.55 (down 4% YoY).
- Same-store cash NOI up 2.6% Q4 and 1.4% FY; office 85% leased, retail 94.5%, multifamily 91.8%.
- 2025 FFO guidance introduced: $1.87–$2.01 per diluted share, midpoint $1.94, below 2024 actual of $2.58.
- Repaid $225M term loans on Jan 2, 2025 and $100M Series C notes on Feb 3, 2025; liquidity $825.7M.