Highest-materiality recent filing
American Assets Trust Q1 FFO $0.51; same-store cash NOI flat; reaffirms FY guidance
Net income $6.7M ($0.08 diluted EPS) vs $54.1M prior year which included gain on sale of Del Monte Center.
Net income $3.1M (diluted EPS $0.05) in Q4; $55.6M ($0.92) for FY25.
American Assets Trust Q3 FFO $0.49 (down from $0.71); raises 2025 FFO guidance midpoint to $1.97
Net income available to common stockholders $4.5M ($0.07 diluted) vs $16.7M ($0.28) in Q3 2024; FFO $0.49 per diluted share vs $0.71.
AAT Q2 FFO $0.51 vs $0.60 YoY; Raises 2025 FFO guidance to $1.89-$2.01
Net income $5.5M ($0.09/diluted share); FFO ex-items $0.51/diluted share vs $0.60 in Q2 2024.
AAT Q1 net income $42.5M, FFO ex-items falls 10% YoY; same-store NOI up 3.1%
Net income $42.5M ($0.70 diluted EPS) vs $19.3M ($0.32) prior year; gain on sale of Del Monte Center $44.5M.
American Assets Trust Q4 FFO $0.55, down 4% YoY; 2025 FFO guidance midpoint $1.94 vs $2.58
Net income FY2024 $56.8M ($0.94 EPS); FFO per diluted share $2.58 (up 8% YoY). Q4 FFO $0.55 (down 4% YoY).
American Assets Trust sets CEO succession: Wyll becomes CEO, Rady Executive Chairman Jan 1, 2025
Ernest Rady transitions from CEO to Executive Chairman; Adam Wyll becomes President and CEO effective Jan 1, 2025.
American Assets Trust Q3 net income $16.7M; FFO $0.71/share; raises 2024 guidance
Net income available to common stockholders $16.7M ($0.28/diluted share); FFO $0.71/diluted share, up 20% YoY.
American Assets Trust prices $525M of 6.150% senior notes due 2034
$525M aggregate principal, priced at 99.671% of par; due October 1, 2034.
AAT Q2 FFO $0.60 (+2% YoY); raises 2024 guidance; CEO Rady to step down, Wyll appointed
Net income $11.9M ($0.20 EPS) for Q2; FFO $0.60/share, up 2% YoY.
American Assets Trust Q1 FFO $0.71, up 8% YoY; raises 2024 FFO midpoint to $2.29
Net income $19.3M ($0.32/share); FFO $0.71/share vs $0.66 YoY.
On July 25, 2024, Ernest S. Rady, Chairman of the Board of Directors (the “Board”) and Chief Executive Officer of the Company, gave notice of his intention to transition from Chief Executive Officer to Executive Chairman effective as of January 1, 2025.
On July 25, 2024, the Board appointed Adam Wyll, the Company’s President and Chief Operating Officer, to fill the role of Chief Executive Officer at the Company effective January 1, 2025.
Max materiality 0.75 · Median 0.57 · Most common event earnings