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Dec 31, 2022
American Assets Trust Q4 2022 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2022.
Key Takeaways
American Assets Trust reported a net income available to common stockholders of $9.6 million, or $0.16 per diluted share, for the fourth quarter of 2022. Funds From Operations (FFO) increased 4% year-over-year to $0.56 per diluted share. Same-store cash Net Operating Income (NOI) increased 5.5% year-over-year.
Net income available to common stockholders of $9.6 million, or $0.16 per diluted share.
Funds From Operations (FFO) increased 4% year-over-year to $0.56 per diluted share.
Same-store cash Net Operating Income (NOI) increased 5.5% year-over-year.
Increased quarterly dividend 3% to $0.33 per share of common stock in the first quarter of 2023 compared to the fourth quarter of 2022.
Forward Guidance
The company is introducing 2023 guidance for full year 2023 FFO per diluted share of $2.16 to $2.30 per share, with a midpoint of $2.23. The company's guidance excludes any impact from future acquisitions, dispositions, equity issuances or repurchases, debt financings or repayments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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