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Mar 31, 2023
American Assets Trust Q1 2023 Earnings Report
Reported financial results for the first quarter ended March 31, 2023.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $16.1 million, or $0.27 per diluted share, for the first quarter of 2023. Funds From Operations (FFO) increased 16% year-over-year to $0.66 per diluted share. The company increased its 2023 FFO per diluted share guidance to a range of $2.23 to $2.33.
Net income available to common stockholders was $16.1 million, or $0.27 per diluted share.
Funds From Operations (FFO) increased 16% year-over-year to $0.66 per diluted share.
Same-store cash Net Operating Income (NOI) increased 6.5% year-over-year.
Increased 2023 FFO per diluted share guidance to a range of $2.23 to $2.33, an approximately 2% increase over the initial guidance midpoint.
Forward Guidance
The company increased its 2023 FFO per diluted share guidance to a range of $2.23 to $2.33 per share, an increase of approximately 2% at midpoint from the initial 2023 FFO per diluted share guidance range of $2.16 to $2.30 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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