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 ...

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 | — | — | — | ...

Financial Performance - Net income available to common stockholders for the three and six months ended June 30, 2024, was $11.9 million and $31.2 million, respectively, translating to $0.20 and $0.52 per diluted share [1][3] - Funds from Operations (FFO) per diluted share increased by 2% and 6% year-over-year for the three and six months ended June 30, 2024, reaching $0.60 and $1.32, respectively [1][3] - The company increased its 2024 FFO per diluted share guidance to a range of $2.48 to $2.54, marking a 9.6% increase over prior guidance [1][19] Leasing Activity - The company signed 37 leases for approximately 164,700 square feet of office and retail space during the second quarter of 2024, with renewals accounting for 83% of comparable office leases and 94% of comparable retail leases [5][6] - The average cash-basis contractual rent increase for leased office space was 5% and for retail space was 6% during the second quarter [10] Portfolio Occupancy - As of June 30, 2024, the total portfolio occupancy rates were 86.6% for office, 94.5% for retail, and 90.0% for multifamily properties [6] - The same-store cash Net Operating Income (NOI) increased by 2.1% and 1.8% year-over-year for the three and six months ended June 30, 2024, respectively [12][14] Balance Sheet and Liquidity - As of June 30, 2024, the company had gross real estate assets of $3.8 billion and liquidity of $514.9 million, which includes $114.9 million in cash and cash equivalents [17] - The company had only 1 out of 31 assets encumbered by a mortgage [17] CEO Succession - Ernest Rady will transition to Executive Chairman, and Adam Wyll will become the Chief Executive Officer effective January 1, 2025 [21][22]

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 ...

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 ...

Delta, British Columbia--(Newsfile Corp. - July 9, 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 is providing sensors to control the ventilation and reduce energy costs for the extensive underground parking facilities of a large Midwest medical software company.AirTest's Carbon Monoxide (CO) and Nitrogen Dioxide (NO2) sensors will be installed throughout the parking facilities. AirTest's sensors wer ...

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 ...