$22.430
-0.070 (-0.31%)At close
AAT News
AAT Events
Company Introduces 2026 Guidance for FFO per Share of $1.96 to $2.10
The company is introducing 2026 guidance for full year 2026 FFO per diluted share of $1.96 to $2.10 per share, with a midpoint of $2.03.
Q4 Revenue at $110.086M vs $113.46M Last Year
Reports Q4 revenue $110.086M vs $113.46M last year.
American Assets Trust acquires Genesee Park property for $67.9M
American Assets Trust announced the acquisition of Genesee Park, a 192-unit apartment community located in San Diego, California. Genesee Park is currently approximately 93% leased with rental rates that the company believes are significantly below prevailing market levels for the submarket. The acquisition presents a compelling opportunity to enhance the property's value through strategic asset management initiatives. The company acquired the property for $67.9M, before closing prorations, using cash on hand.
American Assets Trust sells Del Monte Shopping Center for $123.5M
American Assets Trust announced the sale of Del Monte Shopping Center, a retail destination in Monterey, California, for approximately $123.5M, before closing prorations.
American Assets Trust sees FY25 FFO $1.87-$2.01
The company is introducing 2025 guidance for full year 2025 FFO per diluted share of $1.87 to $2.01 per share, with a midpoint of $1.94. A high-level reconciliation of 2024 actual FFO to our 2025 budgeted FFO is available on the "Corporate Guidance" page of our Supplemental Information. See below for more details regarding Supplemental Information.
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