pastorscott/E+ via Getty Images Introduction American Assets Trust (NYSE:AAT) has marginally outperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, with the shares delivering a mid-single-digit decline: AAT vs VNQ in 2024 (Seeking Alpha) Looking ahead, I am neutral on the shares as the 8.3% market implied cap rate is not particularly enticing against the prospect of negative net operating income, or NOI, growth. Furthermore, the company is facing a busy refinancing schedule which w ...

Delta, British Columbia--(Newsfile Corp. - May 28, 2024) - ATI AirTest Technologies Inc. (TSXV: AAT) (OTC Pink: AATGF) ("AirTest" or the "Company") CEO Ted Konyi is very pleased to announce that the Company will be providing digitally communicating sensors to control the ventilation for the parking facilities at LA Live.LA Live is the center of entertainment for Los Angeles, home to Crypto.com arena, where the LA Kings, LA Lakers play and the Peacock Theatre is located. This site also hosts a Ritz Carlton ...

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 March 31, 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. (Ex ...

American Assets Trust, Inc. (NYSE:AAT) Q1 2024 Earnings Conference Call May 1, 2024 11:00 AM ET Company Participants Ernest Rady – Chairman and Chief Executive Officer Adam Wyll – Chief Operating Officer Bob Barton – Chief Financial Officer Steve Center – Senior Vice President-Office Properties Conference Call Participants Todd Thomas – KeyBanc Capital Markets Ravi Vaidya – Mizuho Operator Good morning and welcome to the American Assets Trust, Incorporated First Quarter 2024 Earnings Call. As a reminder, to ...

分组1 - American Assets Trust (AAT) reported quarterly funds from operations (FFO) of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.67 per share, and up from $0.66 per share a year ago, representing an FFO surprise of 5.97% [1] - The company achieved revenues of $110.7 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 4.05%, compared to $107.75 million in the same quarter last year [1] - Over the last four quarters, American Assets Trust has consistently surpassed consensus FFO and revenue estimates [1] 分组2 - The stock has underperformed, losing about 3.5% since the beginning of the year, while the S&P 500 has gained 7.3% [2] - The current consensus FFO estimate for the upcoming quarter is $0.54 on revenues of $107.66 million, and for the current fiscal year, it is $2.26 on revenues of $437.47 million [4] - The Zacks Industry Rank for REIT and Equity Trust - Retail is in the bottom 27% of over 250 Zacks industries, indicating potential challenges for the sector [5]

FIRST 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 American Assets Trust, Inc.'s Portfolio is concentrated in high-barrier-to-entry markets with favorable supply/demand characteristics Office Retail Multifamily Mixed-Use Market Square Square Units Square Suites F ...

SAN DIEGO, April 08, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") will announce its first quarter 2024 earnings in a press release to be issued after the market closes on Tuesday, April 30, 2024. Senior management will hold a conference call for its first quarter 2024 earnings on Wednesday, May 1, 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 audi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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. (Exact Name of Registrant ...

Financial Data and Key Metrics Changes - The company achieved its highest ever FFO per share at $2.40 for the year, a 3% increase from 2022, and a compounded annual growth rate of approximately 7% since its IPO in 2011 [9] - Total revenue reached its highest ever, with over a 4% increase from 2022, and net operating income (NOI) also hit a record high, reflecting a 3% increase from the previous year [9][10] - The company declared a quarterly dividend of $0.335 per share, marking a 1.5% increase from the previous dividend [8] Business Line Data and Key Metrics Changes - The office portfolio was 86% leased at the end of Q4, a decrease of 80 basis points due to known move-outs [33] - Retail leasing spreads showed a 7% increase on a cash basis and a 13% increase on a straight-line basis for Q4 deals, with a 6.5% increase on a cash basis and a 15% increase on a straight-line basis for all of 2023 [13] - Multifamily communities in San Diego experienced a blended rent growth of approximately 1%, with net effective rents over 5% higher year-over-year compared to Q4 2022 [15][16] Market Data and Key Metrics Changes - The retail sector, comprising 27% of the portfolio NOI, is about 95% leased, with only 6% of retail GLA expiring this year [13] - The office market is facing challenges due to a shift towards hybrid work, but premium properties in strong markets continue to perform well [39][40] - The multifamily market in the Pacific Northwest remains sluggish, with some properties experiencing flat to slightly down rents year-over-year [15] Company Strategy and Development Direction - The company focuses on maintaining a strong balance sheet with ample liquidity and increasing dividends, while also making disciplined business decisions to support long-term growth [5][8] - There is an emphasis on enhancing properties through capital improvements to retain existing tenants and attract new ones, particularly in high-demand areas [10] - The company is optimistic about the eventual rebound of Asian tourism, particularly from Japan, which is expected to positively impact revenue [25][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience despite economic volatility and uncertainty, highlighting the strength of its portfolio and management team [6][7] - The company anticipates organic growth opportunities through lease-ups of new developments and prudent expense management [7] - There is cautious optimism regarding the return of Japanese tourists, which is seen as a key driver for future revenue growth [64][66] Other Important Information - The company reported liquidity of approximately $483 million at the end of Q4, with a leverage ratio of 6.5x net debt to EBITDA [20] - The 2024 FFO per share guidance is set between $2.19 and $2.33, reflecting a potential decrease from 2023 due to various factors including expected declines in same-store cash NOI [21][30] Q&A Session Summary Question: Can you talk about the office leasing in a little bit more detail? - The office leasing has seen longer-term commitments, with a weighted average lease term of 96 months for year-to-date leases [42] Question: Are the lease expirations in '24 concentrated in certain assets or submarkets? - Lease expirations are evenly split among San Diego, Portland, and Bellevue, with San Diego showing strong activity [48] Question: Can you discuss the schedule for cost capitalization and expenses? - Cost capitalization for One Beach will continue until July 2024, while La Jolla Commons will capitalize through the end of 2024 [51] Question: What could cause the high end of the guidance range to come true? - Success in leasing the 317,000 square feet pushed out to 2025 and lower interest expenses could drive performance towards the high end of the guidance [56] Question: What is the outlook for Hawaii and tourism recovery? - The recovery is uncertain and largely depends on the Japanese yen's strength, but management believes it is only a matter of time before tourism rebounds [64][66]

American Assets Trust (AAT) reported $112.49 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.1%. EPS of $0.57 for the same period compares to $0.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $108.78 million, representing a surprise of +3.42%. The company delivered an EPS surprise of +1.79%, with the consensus EPS estimate being $0.56.While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...