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Jun 30, 2021
American Assets Trust Q2 2021 Earnings Report
Reported financial results for the second quarter ended June 30, 2021.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $8.9 million, or $0.15 per diluted share, for the second quarter of 2021. Funds From Operations increased 6% year-over-year to $0.51 per diluted share. Same-store cash NOI increased 23.3% year-over-year.
Net income available to common stockholders was $8.9 million, or $0.15 per diluted share.
Funds From Operations increased 6% year-over-year to $0.51 per diluted share.
Same-store cash NOI increased 23.3% year-over-year.
Total collections increased to 96% in the second quarter of 2021.
Revenue by Segment
Forward Guidance
The company declared a dividend on its common stock of $0.30 per share for the third quarter of 2021.
Positive Outlook
- Company's rent collection in the second quarter.
- Better than anticipated revenue at Waikiki Beach Walk - Embassy Suites Hotel.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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