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Jun 30, 2022
American Assets Trust Q2 2022 Earnings Report
Reported financial results for the second quarter ended June 30, 2022.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $10.6 million, or $0.18 per diluted share, and FFO per diluted share increased 14% year-over-year to $0.58. Same-store cash Net Operating Income increased 3.6% year-over-year. The company increased its 2022 FFO per diluted share guidance to a range of $2.21 to $2.27.
Net income available to common stockholders was $10.6 million, or $0.18 per diluted share.
Funds From Operations (FFO) increased 14% year-over-year to $0.58 per diluted share.
Same-store cash Net Operating Income (NOI) increased 3.6% year-over-year.
Increased 2022 FFO per diluted share guidance to a range of $2.21 to $2.27, an approximately 3% increase over the prior 2022 guidance midpoint of $2.17.
Revenue by Segment
Forward Guidance
The company increased its 2022 FFO per diluted share guidance to a range of $2.21 to $2.27 per share, an increase of approximately 3% at midpoint from the prior 2022 FFO per diluted share guidance range of $2.13 to $2.21 per share. The company's guidance excludes any impact from future acquisitions, dispositions, equity issuances or repurchases, debt financings or repayments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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