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The September Swoon
Seeking Alpha· 2024-09-08 13:00
Matteo Colombo Real Estate Weekly Outlook Hoya Capital U.S. equity markets posted their worst week since March 2023, while benchmark interest rates tumbled to their lows of the year after a critical slate of employment data showed further signs of softening in U.S. labor markets. Snapping a four-week winning streak that lifted the major benchmark to the cusp of record highs, the S&P 500 tumbled 4.1% this week. Technology stocks dragged on the downside this week amid continued pressure on once-high-flyin ...
2 Unbeloved REITs That Offer Long-Term Upside Potential
Seeking Alpha· 2024-08-28 11:30
pepifoto Introduction If you're a follower of mine then you probably know I'm a big advocate of the quality over quantity moniker. I've lived my whole life by this and in any and everything that I do, I try to focus on quality. If I don't own or wouldn't own a certain stock, then there's an extremely high probability I'm not going to suggest it here on Seeking Alpha. Moreover, with interest rates expected to decline soon, many REITs have already rallied. One REIT sector in particular that seems to not b ...
American Assets Trust: Collect A 5.2% Yield From This Quality Office REIT
Seeking Alpha· 2024-08-24 11:00
Klaus Vedfelt Introduction Although the pandemic has been declared over for quite some time, there's still uncertainty surrounding when businesses will require their employees to return to office. As a result, office REITs in particular have suffered with lower than normal occupancy ratings, placing downward pressure on their share prices in the process. And despite things looking up for REITs with anticipated lower interest rates, there are still plenty REITs that offer value for long-term investors. O ...
American Assets Trust(AAT) - 2024 Q2 - Quarterly Report
2024-08-02 18:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to AMERICAN ASSETS TRUST, INC. (Exact Name of Registrant as Specified in its Charter) Commission file number: 001-35030 AMERICAN ASSETS TRUST, L.P. (Exa ...
American Assets Trust(AAT) - 2024 Q2 - Earnings Call Transcript
2024-08-01 01:15
American Assets Trust, Inc. (NYSE:AAT) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Ernest Rady - Chairman and CEO Adam Wyll - COO Bob Barton - CFO Steve Center - SVP-Office Properties Jerry Gammieri - SVP, Construction and Development Conference Call Participants Haendel St. Juste - Mizuho Antara Nag-Chaudhuri - KeyBanc Capital Markets Ronald Kamdem - Morgan Stanley Dylan Burzinski - Green Street Operator Welcome to American Assets Trust Inc.'s Second Quarter 2024 Earning ...
American Assets Trust (AAT) Surpasses Q2 FFO and Revenue Estimates
ZACKS· 2024-07-30 22:36
American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 13.21%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.67 per share when it actually produced FFO of $0.71, delivering a surprise of 5.97%.Over the last fou ...
American Assets Trust(AAT) - 2024 Q2 - Quarterly Results
2024-07-30 20:21
SECOND QUARTER 2024 Supplemental Information Investor and Media Contact American Assets Trust, Inc. Robert F. Barton Executive Vice President and Chief Financial Officer 858-350-2607 | --- | --- | --- | --- | --- | --- | |---------------|------------|------------|-------------|------------|--------| | | Office | Retail | Multifamily | Mixed-Use | | | Market | SquareFeet | SquareFeet | Units | SquareFeet | Suites | | San Diego | 1,590,552 | 1,322,200 | 1,453(1) | — | — | | Bellevue | 1,032,683 | — | — | — | ...
American Assets Trust, Inc. Reports Second Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-07-30 20:15
Net income available to common stockholders of $11.9 million and $31.2 million for the three and six months ended June 30, 2024, respectively, or $0.20 and $0.52 per diluted share, respectively. Funds from Operations ("FFO") per diluted share increased 2% and 6% year-over-year for the three and six months ended June 30, 2024, respectively, or $0.60 and $1.32 per diluted share, respectively. Increased 2024 FFO per diluted share guidance to a range of $2.48 to $2.54 with a midpoint of $2.51, a 9.6% increase o ...
American Assets Trust, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call Information
Newsfilter· 2024-07-09 22:23
SAN DIEGO, July 09, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") will announce its second quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, July 30, 2024. Senior management will hold a conference call for its second quarter 2024 earnings on Wednesday, July 31, 2024, at 8:00 a.m. Pacific Time. To access the conference call, please dial 1 (833) 816-1162 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand a ...
American Assets Trust, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call Information
GlobeNewswire News Room· 2024-07-09 22:23
SAN DIEGO, July 09, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) will announce its second quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, July 30, 2024. Senior management will hold a conference call for its second quarter 2024 earnings on Wednesday, July 31, 2024, at 8:00 a.m. Pacific Time. To access the conference call, please dial 1 (833) 816-1162 and ask to join the American Assets Trust, Inc. Conference Call. A live on-demand a ...