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. (NYSE: AAT) is a San Diego, California-based real estate investment trust (REIT) that publicly reports on its office, retail, multifamily and mixed-use portfolio across high-barrier-to-entry markets in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. This news page aggregates company announcements and earnings-related updates for investors tracking AAT stock.
Readers can find quarterly and year-end financial results where American Assets Trust, Inc. discusses net income available to common stockholders, funds from operations (FFO), FFO per diluted share, same-store cash net operating income (NOI), leasing spreads and portfolio leased percentages. The company also issues news releases announcing earnings release dates and conference call details, along with links to supplemental financial information made available on its investor-focused pages.
In addition to earnings, American Assets Trust, Inc. uses news releases to describe portfolio activity such as the sale of Del Monte Shopping Center in Monterey, California, and the acquisition of Genesee Park, a 192-unit apartment community in San Diego, California. Updates on development and redevelopment projects, as well as changes in occupancy and average rents across office, retail, multifamily and mixed-use segments, are also reflected in its reported metrics.
For investors and analysts following AAT news, this feed provides a single view of the company’s publicly released information on operating performance, leasing activity, guidance for funds from operations and capital allocation decisions such as acquisitions, dispositions and dividends. Regular review of these items can help users understand how American Assets Trust, Inc. describes the evolution of its real estate portfolio and financial profile over time.
American Assets Trust reported a net income of $5.0 million for Q3 2020, down from $12.9 million in Q3 2019, resulting in $0.08 per diluted share. Funds From Operations (FFO) decreased by 23% year-over-year to $0.44 per diluted share. Same-store cash Net Operating Income (NOI) declined by 2.7% for Q3 2020 compared to the previous year. Rent collection improved to 89% in Q3 2020 from 83% in Q2 2020. The company declared a $0.25 dividend for Q4 2020, reflecting confidence in its rent collection.
American Assets Trust (NYSE:AAT) will announce its Q3 2020 earnings after the market closes on October 27, 2020. A conference call is scheduled for October 28, 2020, at 8:00 a.m. PT. The Company, a vertically integrated real estate investment trust, specializes in office, retail, and residential properties across high-demand markets in the U.S. Despite its extensive portfolio and experience, the Company warns that the ongoing COVID-19 pandemic may negatively impact its financial results and operations, highlighting the uncertainty surrounding future performance.
American Assets Trust, Inc. (NYSE:AAT) will announce its Q3 2020 earnings on October 27, 2020, after the market closes. A conference call will follow on October 28 at 8:00 a.m. PT. The company, headquartered in San Diego, operates as a vertically integrated real estate investment trust (REIT) with substantial portfolios in office, retail, and residential sectors across several states, including California and Hawaii. They manage over 6.5 million square feet of office and retail space and 2,112 multifamily units. Investors can access the call via toll-free numbers for live or replay listening.
American Assets Trust, Inc. (NYSE: AAT) will release its second quarter 2020 earnings on July 28, 2020, post-market close. A conference call is scheduled for July 29, 2020, at 8:00 a.m. PT, accessible via toll-free number 1 (877) 868-5513, pass code 4494304. A telephonic replay will be available from July 29, 2020, at 2:00 p.m. PT through August 5, 2020. The Company is a vertically integrated real estate investment trust (REIT) with a portfolio of approximately 3.4 million square feet of office and 3.1 million square feet of retail properties across dynamic markets in the U.S.
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