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Mar 31, 2020
American Assets Trust Q1 2020 Earnings Report
Reported financial results and provided a COVID-19 operational update for the first quarter of 2020.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $12.1 million, or $0.20 per diluted share, for the first quarter. Funds From Operations per diluted share remained relatively unchanged year-over-year at $0.56 per diluted share, while same-store cash NOI increased 8.6% year-over-year.
Net income available to common stockholders was $12.1 million, or $0.20 per diluted share.
Funds From Operations remained relatively unchanged year-over-year at $0.56 per diluted share.
Same-store cash NOI increased 8.6% year-over-year.
Leased approximately 181,000 comparable office square feet and 62,000 comparable retail square feet.
Forward Guidance
Due to the ongoing COVID-19 pandemic, the company withdrew its full year 2020 guidance that was previously issued on October 29, 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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