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Jun 30, 2024
American Assets Trust Q2 2024 Earnings Report
Reported financial results for the second quarter ended June 30, 2024.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $11.9 million, or $0.20 per diluted share, and FFO per diluted share increased 2% year-over-year to $0.60 for the second quarter of 2024. The company increased its 2024 FFO per diluted share guidance to a range of $2.48 to $2.54.
Net income available to common stockholders was $11.9 million, or $0.20 per diluted share.
FFO increased 2% year-over-year to $0.60 per diluted share.
Same-store cash Net Operating Income increased 2.1% year-over-year.
Increased 2024 FFO per diluted share guidance to a range of $2.48 to $2.54.
Revenue by Segment
Forward Guidance
The company increased its 2024 FFO per diluted share guidance to a range of $2.48 to $2.54 per share, an increase of 9.6% at midpoint from the prior 2024 FFO per diluted share guidance range of $2.24 to $2.34 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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