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Sep 30, 2020
American Assets Trust Q3 2020 Earnings Report
Reported financial results for the third quarter ended September 30, 2020.
Key Takeaways
American Assets Trust reported a net income of $5.0 million, or $0.08 per diluted share, for the third quarter ended September 30, 2020. Funds From Operations (FFO) was $33.3 million, or $0.44 per diluted share. The company collected 89% of rents due during the quarter and had liquidity of $405.3 million.
Net income available to common stockholders was $5.0 million, or $0.08 per diluted share.
Funds From Operations decreased 23% year-over-year to $0.44 per diluted share.
Same-store cash NOI decreased 2.7% year-over-year.
Total collections increased to 89% in the third quarter compared to 83% in the second quarter.
Forward Guidance
The company has declared a dividend on its common stock of $0.25 per share for the fourth quarter of 2020. The company maintained the dividend of $0.25 per share in the fourth quarter based on the company's rent collection in the third quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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