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Dec 31, 2020
American Assets Trust Q4 2020 Earnings Report
American Assets Trust reported financial results for Q4 2020, showing a net income of $2.9 million and FFO of $31.1 million.
Key Takeaways
American Assets Trust reported a net income of $2.9 million, or $0.05 per diluted share, for the fourth quarter of 2020. Funds From Operations (FFO) was $31.1 million, or $0.41 per diluted share. The company collected 92% of rents due during the quarter.
Net income available to common stockholders was $2.9 million, or $0.05 per diluted share.
Funds From Operations decreased 27% year-over-year to $0.41 per diluted share.
Same-store cash NOI decreased 3.1% year-over-year.
Total collections increased to 92% in the fourth quarter compared to 90% in the third quarter.
Forward Guidance
The company increased the dividend from $0.25 per share in the fourth quarter of 2020 to $0.28 per share in the first quarter of 2021 based on the company's rent collection in the fourth quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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