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American Assets (AAT)
NYSE:AAT
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.32Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -7.58%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed outlook. While the company celebrated record financial achievements and growth in certain segments, challenges in the office sector and an expected decrease in FFO for 2025 were significant concerns. The increase in dividend and strategic portfolio management were positive notes, but the overall financial guidance suggests caution.Company Guidance
During the American Assets Trust 2024 earnings call, the company provided guidance for 2025, indicating a decrease in FFO per share to a range of $1.87 to $2.01, reflecting a 24% reduction from 2024's $2.58 due to nonrecurring revenue items and increased interest expenses. Despite these challenges, the company recorded its highest FFO per share since its IPO, supported by record total revenue, NOI, and dividends over $103 million. Additionally, same-store cash NOI growth was reported at 2.6% for Q4 and 1.4% for the year. The office portfolio ended the year at 85% leased, with a 2% increase in leasing activity on a cash basis in Q4. Retail properties achieved 95% occupancy and 5% same-store NOI growth, while multifamily properties saw over 6% same-store NOI growth. Looking forward, the company plans to focus on leasing its new developments, maintaining a strong balance sheet, and exploring acquisition opportunities, particularly in multifamily properties.Record Financial Performance
Achieved highest FFO per share since IPO, record total revenue, NOI, aggregate dividends over $103 million, and record average monthly base rents across office, retail, and multifamily portfolios.
Waikiki Beachwalk Embassy Suites Performance
Delivered highest ADR to date in 2024 with revenue expected to increase approximately 5% in 2025.
Retail Segment Success
Retail segment at 95% leased with 5% same-store NOI growth in 2024. Positive leasing spreads with a 6.5% increase on a cash basis and a 31% increase on a straight-line basis for Q4 transactions.
Multifamily Segment Growth
Realized same-store cash NOI growth of over 6% in 2024 compared to 2023. Extended master lease with the University of San Diego with annual rent bumps.
Dividend Increase
Board of directors approved a 1.5% increase in quarterly dividend to $0.34 per share for Q1 2025.
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AAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $24.02 | $22.42 | -6.66% |
| Oct 29, 2024 | $27.02 | $27.46 | +1.63% |
| Jul 30, 2024 | $25.20 | $25.88 | +2.70% |
| Apr 30, 2024 | $20.51 | $20.61 | +0.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does American Assets (AAT) report earnings?
American Assets (AAT) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is American Assets (AAT) earnings time?
American Assets (AAT) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AAT EPS forecast?
AAT EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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