American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The company's office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet. In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.
IPO Year: 2011
Exchange: NYSE
Website: americanassetstrust.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/14/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 2/15/2022 | $40.00 → $37.00 | Neutral | Mizuho |
| 1/20/2022 | $41.00 → $40.00 | Buy → Neutral | Mizuho |
| 8/27/2021 | $36.00 → $38.50 | Equal-Weight | Morgan Stanley |
SC 13G/A - American Assets Trust, Inc. (0001500217) (Subject)
SC 13G/A - American Assets Trust, Inc. (0001500217) (Subject)
SC 13G/A - American Assets Trust, Inc. (0001500217) (Subject)
SC 13G/A - American Assets Trust, Inc. (0001500217) (Subject)
SC 13G/A - American Assets Trust, Inc. (0001500217) (Subject)
SC 13G/A - American Assets Trust, Inc. (0001500217) (Subject)
SC 13G/A - American Assets Trust, Inc. (0001500217) (Subject)
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Net income available to common stockholders of $16.7 million and $47.8 million for the three and nine months ended September 30, 2024, respectively, or $0.28 and $0.79 per diluted share, respectively. Funds from Operations ("FFO") per diluted share increased 20% and 10% year-over-year for the three and nine months ended September 30, 2024, respectively, to $0.71 and $2.03 per diluted share, respectively. Increased 2024 FFO per diluted share guidance to a range of $2.51 to $2.55 with a midpoint of $2.53, a 1% increase over prior guidance. SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") today reported financial results for its thir
SAN DIEGO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") will announce its third quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, October 29, 2024. Senior management will hold a conference call for its third quarter 2024 earnings on Wednesday, October 30, 2024, at 8:00 a.m. Pacific Time. To access the conference call, please dial 1 (833) 816-1162 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand audio webcast of the conference call will be available on the "Investor Relations" section of the company's website at www.americanassetstrust.com. A replay webcast will be availab
SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") today announced that its operating partnership, American Assets Trust, L.P. (the "operating partnership"), has priced a public offering of $525 million aggregate principal amount of 6.150% senior notes due 2034 (the "Notes"). The Notes were priced at 99.671% of the principal amount and will mature on October 1, 2034. The offering is expected to settle on September 17, 2024, subject to the satisfaction of customary closing conditions. The Notes will be fully and unconditionally guaranteed by the company. The operating partnership intends to use the net proceeds from this offering as f
Net income available to common stockholders of $11.9 million and $31.2 million for the three and six months ended June 30, 2024, respectively, or $0.20 and $0.52 per diluted share, respectively. Funds from Operations ("FFO") per diluted share increased 2% and 6% year-over-year for the three and six months ended June 30, 2024, respectively, or $0.60 and $1.32 per diluted share, respectively. Increased 2024 FFO per diluted share guidance to a range of $2.48 to $2.54 with a midpoint of $2.51, a 9.6% increase over prior guidance. CEO Succession Planning - Ernest Rady to transition to Executive Chairman and Adam Wyll to transition to Chief Executive Officer, effective J
SAN DIEGO, July 09, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") will announce its second quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, July 30, 2024. Senior management will hold a conference call for its second quarter 2024 earnings on Wednesday, July 31, 2024, at 8:00 a.m. Pacific Time. To access the conference call, please dial 1 (833) 816-1162 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand audio webcast of the conference call will be available on the "Investor Relations" section of the Company's website at www.americanassetstrust.com. A replay webcast will be available o
Net income available to common stockholders of $19.3 million for the first quarter, or $0.32 per diluted share. Funds from Operations ("FFO") per diluted share increased 8% year-over-year for the first quarter to $0.71 per diluted share. Increased 2024 FFO per diluted share guidance to a range of $2.24 to $2.34 with a midpoint of $2.29, a 1% increase over prior guidance. SAN DIEGO, April 30, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") today reported financial results for its first quarter ended March 31, 2024. First Quarter Highlights Net income available to co
SAN DIEGO, April 08, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") will announce its first quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, April 30, 2024. Senior management will hold a conference call for its first quarter 2024 earnings on Wednesday, May 1, 2024 at 8:00 a.m. Pacific Time. To access the conference call, please dial 1 (833) 816-1162 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand audio webcast of the conference call will be available on the "Investor Relations" section of the Company's website at www.americanassetstrust.com. A replay webcast will be available on t
Net income available to common stockholders of $10.5 million and $50.4 million for the three months and year ended December 31, 2023, respectively, or $0.17 and $0.84 per diluted share, respectively. Funds from Operations ("FFO") per diluted share increased 2% and 3% year-over-year for the three months and year ended December 31, 2023, respectively, to $0.57 and $2.40 per diluted share, respectively. Introducing 2024 annual guidance midpoint of $2.26 with a range of $2.19 to $2.33 of FFO per diluted share. SAN DIEGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") today reported financial results for its fourth quarter and year ended December 31,
SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") announced today the tax treatment of its 2023 dividend distributions as follows: Security Descriptions: Common StockCUSIP: 024013104Ticker Symbol: AAT Record DatePayable DateTotal Distribution Per ShareAllocable to 2023Taxable Ordinary DividendLT Capital GainUnrecaptured Sec. 1250 GainSection 199A DividendsReturn of Capital03/09/2303/23/23$0.33$0.33$0.298987$0.000000$0.000000$0.298987$0.03101306/08/2306/22/23$0.33$0.33$0.298987$0.000000$0.000000$0.298987$0.03101309/07/2309/21/23$0.33$0.33$0.298987$0.000000$0.000000$0.298987$0.03101312/07/2312/21/23$0.33$0.33$0.298987$0.000000$0.000000
SAN DIEGO, Jan. 08, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") will announce its fourth quarter and year-end 2023 earnings in a press release to be issued after the market closes on Tuesday, February 6, 2024. Senior management will hold a conference call for its fourth quarter and year-end 2023 earnings on Wednesday, February 7, 2024 at 8:00 a.m. Pacific Time ("PT"). To access the conference call, please dial 1 (833) 630-1956 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand audio webcast of the conference call will be available on the "Investor Relations" section of the Company's website at www.americanassetstrust.com
8-K - American Assets Trust, Inc. (0001500217) (Filer)
8-K - American Assets Trust, Inc. (0001500217) (Filer)
8-K - American Assets Trust, Inc. (0001500217) (Filer)
8-K - American Assets Trust, Inc. (0001500217) (Filer)
8-K - American Assets Trust, Inc. (0001500217) (Filer)
8-K - American Assets Trust, Inc. (0001500217) (Filer)
ARS - American Assets Trust, Inc. (0001500217) (Filer)
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DEF 14A - American Assets Trust, Inc. (0001500217) (Filer)
8-K - American Assets Trust, Inc. (0001500217) (Filer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
4 - American Assets Trust, Inc. (0001500217) (Issuer)
KeyBanc Capital Markets downgraded American Assets Trust from Overweight to Sector Weight
Mizuho reiterated coverage of American Assets Trust with a rating of Neutral and set a new price target of $37.00 from $40.00 previously
Mizuho downgraded American Assets Trust from Buy to Neutral and set a new price target of $40.00 from $41.00 previously
Morgan Stanley reiterated coverage of American Assets Trust with a rating of Equal-Weight and set a new price target of $38.50 from $36.00 previously
Keybanc reiterated coverage of American Assets Trust with a rating of Overweight and set a new price target of $44.00 from $42.00 previously
Morgan Stanley reiterated coverage of American Assets Trust with a rating of Equal-Weight and set a new price target of $36.00 from $33.00 previously
Morgan Stanley reiterated coverage of American Assets Trust with a rating of Equal-Weight and set a new price target of $33.00 from $28.50 previously
Keybanc upgraded American Assets Trust from Sector Weight to Overweight and set a new price target of $42.00
Morgan Stanley reiterated coverage of American Assets Trust with a rating of Equal Weight and set a new price target of $28.50 from $27.40 previously
Morgan Stanley resumed coverage of American Assets Trust with a rating of Equal Weight
Net income available to common stockholders of $16.7 million and $47.8 million for the three and nine months ended September 30, 2024, respectively, or $0.28 and $0.79 per diluted share, respectively. Funds from Operations ("FFO") per diluted share increased 20% and 10% year-over-year for the three and nine months ended September 30, 2024, respectively, to $0.71 and $2.03 per diluted share, respectively. Increased 2024 FFO per diluted share guidance to a range of $2.51 to $2.55 with a midpoint of $2.53, a 1% increase over prior guidance. SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") today reported financial results for its thir
SAN DIEGO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") will announce its third quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, October 29, 2024. Senior management will hold a conference call for its third quarter 2024 earnings on Wednesday, October 30, 2024, at 8:00 a.m. Pacific Time. To access the conference call, please dial 1 (833) 816-1162 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand audio webcast of the conference call will be available on the "Investor Relations" section of the company's website at www.americanassetstrust.com. A replay webcast will be availab
Net income available to common stockholders of $11.9 million and $31.2 million for the three and six months ended June 30, 2024, respectively, or $0.20 and $0.52 per diluted share, respectively. Funds from Operations ("FFO") per diluted share increased 2% and 6% year-over-year for the three and six months ended June 30, 2024, respectively, or $0.60 and $1.32 per diluted share, respectively. Increased 2024 FFO per diluted share guidance to a range of $2.48 to $2.54 with a midpoint of $2.51, a 9.6% increase over prior guidance. CEO Succession Planning - Ernest Rady to transition to Executive Chairman and Adam Wyll to transition to Chief Executive Officer, effective J
SAN DIEGO, July 09, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") will announce its second quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, July 30, 2024. Senior management will hold a conference call for its second quarter 2024 earnings on Wednesday, July 31, 2024, at 8:00 a.m. Pacific Time. To access the conference call, please dial 1 (833) 816-1162 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand audio webcast of the conference call will be available on the "Investor Relations" section of the Company's website at www.americanassetstrust.com. A replay webcast will be available o
Net income available to common stockholders of $19.3 million for the first quarter, or $0.32 per diluted share. Funds from Operations ("FFO") per diluted share increased 8% year-over-year for the first quarter to $0.71 per diluted share. Increased 2024 FFO per diluted share guidance to a range of $2.24 to $2.34 with a midpoint of $2.29, a 1% increase over prior guidance. SAN DIEGO, April 30, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") today reported financial results for its first quarter ended March 31, 2024. First Quarter Highlights Net income available to co
SAN DIEGO, April 08, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") will announce its first quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, April 30, 2024. Senior management will hold a conference call for its first quarter 2024 earnings on Wednesday, May 1, 2024 at 8:00 a.m. Pacific Time. To access the conference call, please dial 1 (833) 816-1162 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand audio webcast of the conference call will be available on the "Investor Relations" section of the Company's website at www.americanassetstrust.com. A replay webcast will be available on t
Net income available to common stockholders of $10.5 million and $50.4 million for the three months and year ended December 31, 2023, respectively, or $0.17 and $0.84 per diluted share, respectively. Funds from Operations ("FFO") per diluted share increased 2% and 3% year-over-year for the three months and year ended December 31, 2023, respectively, to $0.57 and $2.40 per diluted share, respectively. Introducing 2024 annual guidance midpoint of $2.26 with a range of $2.19 to $2.33 of FFO per diluted share. SAN DIEGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "company") today reported financial results for its fourth quarter and year ended December 31,
SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") announced today the tax treatment of its 2023 dividend distributions as follows: Security Descriptions: Common StockCUSIP: 024013104Ticker Symbol: AAT Record DatePayable DateTotal Distribution Per ShareAllocable to 2023Taxable Ordinary DividendLT Capital GainUnrecaptured Sec. 1250 GainSection 199A DividendsReturn of Capital03/09/2303/23/23$0.33$0.33$0.298987$0.000000$0.000000$0.298987$0.03101306/08/2306/22/23$0.33$0.33$0.298987$0.000000$0.000000$0.298987$0.03101309/07/2309/21/23$0.33$0.33$0.298987$0.000000$0.000000$0.298987$0.03101312/07/2312/21/23$0.33$0.33$0.298987$0.000000$0.000000
SAN DIEGO, Jan. 08, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") will announce its fourth quarter and year-end 2023 earnings in a press release to be issued after the market closes on Tuesday, February 6, 2024. Senior management will hold a conference call for its fourth quarter and year-end 2023 earnings on Wednesday, February 7, 2024 at 8:00 a.m. Pacific Time ("PT"). To access the conference call, please dial 1 (833) 630-1956 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand audio webcast of the conference call will be available on the "Investor Relations" section of the Company's website at www.americanassetstrust.com
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
American Assets Trust (NYSE:AAT) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.66 by 7.58 percent. This is a 7.58 percent increase over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $110.695 million which beat the analyst consensus estimate of $110.512 million by 0.17 percent. This is a 2.73 percent increase over sales of $107.754 million the same period last year.
American Assets Trust (NYSE:AAT) reported quarterly earnings of $0.57 per share. This is a 1.79 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $112.49 million which beat the analyst consensus estimate of $108.29 million by 3.88 percent. This is a 6.12 percent increase over sales of $106.00 million the same period last year.
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Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:AAT) with a Neutral and raises the price target from $20 to $23.
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Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:AAT) with a Neutral and lowers the price target from $21 to $20.
American Assets Trust (NYSE:AAT) reported quarterly earnings of $0.59 per share. This is a 6.35 percent decrease over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $111.20 million which beat the analyst consensus estimate of $106.87 million by 4.05 percent. This is a 0.16 percent increase over sales of $111.02 million the same period last year.
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Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:AAT) with a Neutral and lowers the price target from $22 to $21.