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Sep 30, 2024
American Assets Trust Q3 2024 Earnings Report
Reported financial results for Q3 2024, with net income available to common stockholders of $16.7 million and FFO per diluted share increasing 20% year-over-year.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $16.7 million, or $0.28 per diluted share, for the third quarter ended September 30, 2024. FFO per diluted share increased by 20% year-over-year to $0.71. The company also increased its 2024 FFO per diluted share guidance to a range of $2.51 to $2.55.
Net income available to common stockholders was $16.7 million, or $0.28 per diluted share.
FFO increased 20% year-over-year to $0.71 per diluted share.
Same-store cash Net Operating Income (NOI) increased 15.8% year-over-year.
Increased 2024 FFO per diluted share guidance to a range of $2.51 to $2.55.
Revenue by Segment
Forward Guidance
The company increased its 2024 FFO per diluted share guidance to a range of $2.51 to $2.55 per share, an increase of 1% at midpoint from the prior 2024 FFO per diluted share guidance range of $2.48 to $2.54 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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