Welcome to our dedicated page for American Assets Tr news (Ticker: AAT), a resource for investors and traders seeking the latest updates and insights on American Assets Tr stock.
American Assets Trust, Inc. (AAT) provides investors and market observers with essential updates through this centralized news hub. Track the REIT's latest developments across its retail, office, mixed-use, and multifamily property portfolios, with timely coverage of earnings announcements, strategic acquisitions, and operational milestones.
This resource delivers verified updates on lease agreements, asset management initiatives, and market expansion efforts within AAT's key West Coast regions. Users gain access to original press releases alongside curated analysis of property performance trends and regulatory filings.
Key content includes quarterly financial disclosures, leadership updates, sustainability initiatives, and portfolio rebalancing activities. All materials maintain factual reporting standards suitable for both institutional analysis and individual research needs.
Bookmark this page for streamlined access to American Assets Trust's evolving market position. Combine regular visits with portfolio tracking tools for comprehensive real estate investment monitoring.
American Assets Trust reported mixed Q1 2025 financial results, with net income of $42.5 million ($0.70 per diluted share), despite a 10% year-over-year decrease in FFO to $0.52 per diluted share.
Key highlights include:
- Same-store cash NOI increased 3.1% year-over-year
- Leased 44,000 office square feet with 15% rent increase
- Leased 156,000 retail square feet with 21% rent increase
- Sold Del Monte Center for $123.5 million
- Acquired Genesee Park apartments for $67.9 million
Portfolio performance shows strong retail occupancy at 97.4% while office occupancy remained at 85.5%. The company maintains a solid balance sheet with $543.9 million in liquidity and affirmed its 2025 FFO guidance of $1.87 to $2.01 per share. Quarterly dividend remains steady at $0.340 per share.
American Assets Trust (NYSE:AAT) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 earnings results after market close on Tuesday, April 29, 2025. A conference call with senior management will follow on Wednesday, April 30, 2025 at 8:00 a.m. Pacific Time.
Investors can access the conference call by dialing 1 (833) 816-1162. Additionally, a live webcast will be available on the company's investor relations website, with a replay accessible approximately one hour after the call concludes.
American Assets Trust (NYSE: AAT) has acquired Genesee Park, a 192-unit apartment community in San Diego, California, for $67.9 million. The property, currently 93% leased, was purchased using cash on hand and features rental rates reportedly below market levels for the submarket.
The strategic acquisition presents value enhancement opportunities through asset management initiatives and potential density optimization. Located in central San Diego, the property offers convenient access to downtown, the international airport, retail centers, universities, and entertainment destinations.
American Assets Trust (NYSE:AAT) has announced the sale of Del Monte Shopping Center in Monterey, California for $123.5 million before closing prorations. The transaction represents a strategic move to optimize the company's portfolio and focus on markets offering greater economies of scale and operational efficiencies.
According to President and CEO Adam Wyll, the divestment aligns with AAT's long-term growth objectives and demonstrates the company's commitment to delivering strong results for stakeholders. The company expressed confidence in the new ownership's ability to continue building upon the shopping center's success.
American Assets Trust (NYSE: AAT) reported its Q4 and full-year 2024 financial results. Net income available to common stockholders was $9.0 million ($0.15 per diluted share) for Q4 and $56.8 million ($0.94 per diluted share) for the full year. FFO per diluted share decreased 4% to $0.55 in Q4 but increased 8% to $2.58 for the full year 2024.
The company's same-store cash NOI increased 2.6% and 1.4% year-over-year for Q4 and full-year 2024, respectively. During Q4, AAT leased approximately 57,000 comparable office square feet and 100,000 comparable retail square feet, with significant rent increases on a straight-line basis.
For 2025, AAT introduced annual FFO guidance with a midpoint of $1.94 per diluted share (range: $1.87-$2.01). The company maintains strong liquidity of $825.7 million, including $425.7 million in cash and $400.0 million available on its credit line.
American Assets Trust (NYSE: AAT) has disclosed the tax treatment of its 2024 dividend distributions for common stock shareholders. The company distributed a total of $1.34 per share through four quarterly payments of $0.335, each paid in March, June, September, and December 2024.
Of the total distribution, $1.092388 per share qualified as taxable ordinary dividends and Section 199A dividends, while $0.247612 per share was classified as return of capital. The company reported no long-term capital gains, unrecaptured Section 1250 gains, or foreign taxes for 2024.
American Assets Trust (NYSE:AAT) has scheduled its fourth quarter and year-end 2024 earnings release for Tuesday, February 4, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, February 5, 2025, at 8:00 a.m. Pacific Time.
Investors can access the conference call by dialing 1 (833) 816-1162. A live webcast will be available on the company's investor relations website, with a replay accessible approximately one hour after the call concludes.
American Assets Trust (NYSE: AAT) reported strong Q3 2024 financial results with net income of $16.7 million ($0.28 per diluted share). Notable highlights include a 20% year-over-year increase in FFO to $0.71 per diluted share, and a 15.8% increase in same-store cash NOI. The company successfully leased approximately 58,000 office square feet and 125,000 retail square feet during Q3, with significant rent increases. AAT closed a $525 million public bond offering at 6.15% due 2034 and increased its 2024 FFO guidance to $2.51-$2.55 per share. The portfolio showed strong performance with office occupancy at 87%, retail at 94.5%, and multifamily at 90.3%.
American Assets Trust, Inc. (NYSE:AAT) has announced its schedule for the release of third quarter 2024 earnings. The company will issue a press release after market close on Tuesday, October 29, 2024. Following this, senior management will host a conference call to discuss the earnings on Wednesday, October 30, 2024, at 8:00 a.m. Pacific Time.
Investors and interested parties can access the conference call by dialing 1 (833) 816-1162 and requesting to join the American Assets Trust, Inc. Conference Call. Additionally, a live on-demand audio webcast of the call will be available on the company's website in the 'Investor Relations' section. For those unable to attend the live call, a replay of the webcast will be accessible on the company's website approximately one hour after the call concludes.
American Assets Trust, Inc. (NYSE: AAT) has announced the pricing of $525 million aggregate principal amount of 6.150% senior notes due 2034 through its operating partnership. The notes, priced at 99.671% of the principal amount, will mature on October 1, 2034. The offering is expected to settle on September 17, 2024. AAT plans to use the net proceeds for:
- Repayment of Series B and C Senior Guaranteed Notes (approximately $200 million)
- Repayment of outstanding borrowings under the revolver loan (approximately $100 million)
- Working capital and general corporate purposes (remainder)
Wells Fargo Securities, Mizuho, and PNC Capital Markets are acting as joint book-running managers for this offering.
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