earnings
confidence high
sentiment neutral
materiality 0.65
American Assets Trust Q1 FFO $0.51; same-store cash NOI flat; reaffirms FY guidance
American Assets Trust, Inc.
2026-Q1 EPS reported
$0.08
revenue$110,592,000
- Net income $6.7M ($0.08 diluted EPS) vs $54.1M prior year which included gain on sale of Del Monte Center.
- FFO per diluted share and unit $0.51 vs $0.52; same-store cash NOI flat at $66.4M.
- Office occupancy 84.5% (up 140 bps QoQ); retail 97.7%; multifamily 94.7%.
- Credit facility amended and restated to $600M; maturity extended to Apr 2030.
- FY 2026 FFO guidance reaffirmed at $1.96-$2.10 per share.