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Mar 31, 2022
American Assets Trust Q1 2022 Earnings Report
Reported net income of $10.5 million and FFO per diluted share increased 50% year-over-year.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $10.5 million, or $0.18 per diluted share, for the first quarter of 2022. Funds From Operations (FFO) increased 50% year-over-year to $0.57 per diluted share. The company increased its 2022 FFO per diluted share guidance to a range of $2.13 to $2.21.
Net income available to common stockholders was $10.5 million, or $0.18 per diluted share.
Funds From Operations (FFO) increased 50% year-over-year to $0.57 per diluted share.
Same-store cash Net Operating Income (NOI) increased 18.3% year-over-year.
Increased 2022 FFO per diluted share guidance to a range of $2.13 to $2.21, an approximately 2% increase over the initial 2022 guidance midpoint of $2.13.
Forward Guidance
The company increased its 2022 FFO per diluted share guidance to a range of $2.13 to $2.21 per share, an increase of approximately 2% at midpoint from the initial 2022 FFO per diluted share guidance range of $2.09 to $2.17 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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