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Mar 31, 2021
American Assets Trust Q1 2021 Earnings Report
Reported first quarter 2021 financial results, showing a net income of $1.3 million and FFO per diluted share of $0.38.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $1.3 million, or $0.02 per diluted share, for the first quarter of 2021. Funds From Operations (FFO) per diluted share decreased 32% year-over-year to $0.38. The company collected 93% of rents due during the quarter and closed an inaugural public bond offering of $500 million.
Net income available to common stockholders was $1.3 million, or $0.02 per diluted share.
Funds From Operations decreased 32% year-over-year to $0.38 per diluted share.
Same-store cash NOI decreased 4.5% year-over-year; excluding lease termination fees, it would have been (3.9)%.
Total collections increased to 93% in the first quarter of 2021.
Forward Guidance
The company maintained the dividend from $0.28 per share in the second quarter of 2021 based on the company's rent collection in the first quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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