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Mar 31, 2024
American Assets Trust Q1 2024 Earnings Report
Reported financial results for the first quarter ended March 31, 2024.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $19.3 million, or $0.32 per diluted share, for the first quarter of 2024. FFO per diluted share increased 8% year-over-year to $0.71. The company also increased its 2024 FFO per diluted share guidance to a range of $2.24 to $2.34.
Net income available to common stockholders was $19.3 million, or $0.32 per diluted share.
FFO increased 8% year-over-year to $0.71 per diluted share.
Same-store cash Net Operating Income (NOI) increased 1.5% year-over-year, or 2.3% excluding a write-off.
Increased 2024 FFO per diluted share guidance to a range of $2.24 to $2.34.
Forward Guidance
The company increased its 2024 FFO per diluted share guidance to a range of $2.24 to $2.34 per share, an increase of 1% at midpoint from the prior 2024 FFO per diluted share guidance range of $2.19 to $2.33 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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