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An update from American Assets ( (AAT) ) is now available.
American Assets Trust, Inc. reported its financial results for the fourth quarter and year ended December 31, 2024. The company achieved a net income of $9.0 million for the quarter and $56.8 million for the year, with a notable increase in funds from operations (FFO) per diluted share by 8% year-over-year, reaching $2.58 for the year. The company also provided its 2025 annual guidance midpoint at $1.94 FFO per diluted share. Leasing activities showed robust performance with significant rent increases in both office and retail spaces during the fourth quarter, indicating positive trends in occupancy and rental income. These results demonstrate American Assets Trust’s strong operational capabilities and adaptability in the real estate market, positioning it well for future growth.
More about American Assets
American Assets Trust, Inc. is a real estate investment trust (REIT) that invests primarily in office, retail, multifamily, and mixed-use properties. The company focuses on generating income through leasing properties and aims to enhance property value through strategic operational improvements.
YTD Price Performance: -7.44%
Average Trading Volume: 279,016
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.47B
See more insights into AAT stock on TipRanks’ Stock Analysis page.
