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American Assets Trust: Q4 Earnings Snapshot
By AP News - Feb 04, 2025, 05:13 PM ET
Last Updated - Feb 04, 2025, 05:13 PM EST
SAN DIEGO (AP) — SAN DIEGO (AP) — American Assets Trust Inc. (AAT) on Tuesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in San Diego, said it had funds from operations of $42.1 million, or 55 cents per share, in the period.
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Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $9 million, or 15 cents per share.
The real estate investment trust, based in San Diego, posted revenue of $113.5 million in the period.
For the year, the company reported funds from operations of $197.5 million, or $2.58 per share. Revenue was reported as $457.9 million.
American Assets Trust expects full-year funds from operations in the range of $1.87 to $2.01 per share.
The company's shares have declined 8.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.02, a rise of 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAT at https://www.zacks.com/ap/AAT
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