American Assets Trust Q2 2024 Earnings Report

American Assets Trust EPS Results

• Actual EPS: $0.20
• Consensus EPS: $0.53
• Beat/Miss: Missed by -$0.33
• One Year Ago EPS: $0.59

American Assets Trust Revenue Results

• Actual Revenue: $110.89 million
• Expected Revenue: $107.66 million
• Beat/Miss: Beat by +$3.23 million
• YoY Revenue Growth: N/A

American Assets Trust Announcement Details

• Quarter: Q2 2024
• Date: 7/30/2024
• Time: After Market Closes

American Assets Trust (NYSE:AAT) is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. The company's office portfolio comprises approximately 4.1 million rentable square feet, and its retail portfolio comprises approximately 3.1 million rentable square feet. In addition, the company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,110 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.