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Dec 31, 2024
American Assets Trust Q4 2024 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2024.
Key Takeaways
American Assets Trust, Inc. reported a net income available to common stockholders of $9.0 million for the fourth quarter of 2024, with FFO per diluted share decreasing 4% year-over-year to $0.55. Same-store cash Net Operating Income increased by 2.6% compared to the same period in 2023.
Net income available to common stockholders was $9.0 million, or $0.15 per diluted share.
FFO decreased 4% year-over-year to $0.55 per diluted share.
Same-store cash Net Operating Income increased 2.6% year-over-year.
Leased approximately 57,000 comparable office square feet with an average straight-line basis and cash-basis contractual rent increase of 11% and 2%, respectively.
Leased approximately 100,000 comparable retail square feet with an average straight-line basis and cash-basis contractual rent increase of 31% and 7%, respectively.
Revenue by Segment
Forward Guidance
The company is introducing 2025 guidance for full year 2025 FFO per diluted share of $1.87 to $2.01 per share, with a midpoint of $1.94.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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