Last $34.81 USD
Change Today -0.07 / -0.20%
Volume 153.5K
AAT On Other Exchanges
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New York
As of 4:15 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

american assets trust inc (AAT) Key Developments

American Assets Trust Mulls Acquisitions

American Assets Trust, Inc. (NYSE:AAT) is seeking acquisitions. Bob Barton, Executive Vice President and Chief Financial Officer of American Assets Trust said, "Now, as we look at our balance sheet and liquidity at the end of the second quarter, we are well-positioned to continue to execute on our strategy of selectively acquiring or developing accretive, irreplaceable assets in our core West Coast coastal markets."

American Assets Trust, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Fiscal Year of 2014

American Assets Trust, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $62,185,000 compared to $62,914,000 a year ago. Operating income was $17,712,000 compared to $19,373,000 a year ago. Net income was $5,351,000 compared to $4,564,000 a year ago. Net income attributable to the company stockholders was $3,713,000 compared to $3,077,000 a year ago. Basic and diluted net income per share was $0.09 compared to $0.08 a year ago. FFO per diluted share/unit was $0.39 compared to $0.37 a year ago. FFO attributable to common stock and units was $23,535,000 compared to $21,429,000 a year ago. Maintenance capital expenditures were $4,160,000 compared to $2,318,000 a year ago. For the six months, the company reported total revenue of $126,138,000 compared to $125,094,000 a year ago. Operating income was $38,066,000 compared to $39,253,000 a year ago. Net income was $12,009,000 compared to $9,429,000 a year ago. Net income attributable to the company stockholders was $8,315,000 compared to $6,315,000 a year ago. Basic and diluted net income per share was $0.20 compared to $0.16 a year ago. FFO per diluted share/unit was $0.78 compared to $0.75 a year ago. FFO attributable to common stock and units was $46,488,000 compared to $43,219,000 a year ago. Maintenance capital expenditures were $7,038,000 compared to $3,427,000 a year ago. The company revised earnings guidance for the fiscal year of 2014. For the period, the company expects net income to be in the range of $27,296,000 to $30,863,000 compared to prior guidance range of $29,838,000 to $34,851,000 a year ago. Depreciation and amortization of real estate assets expected to be in the range of $65,913,000 to $65,913,000 compared to prior guidance range of $59,865,000 to $59,865,000. FFO expected to be of $93,209,000 to $96,776,000 compared to prior guidance range of $89,703,000 to $94,716,000. FFO attributable to common stock and units expected to be of $93,064,000 to $96,631,000 compared to prior guidance range of $89,345,000 to $94,358,000. FFO per diluted share expected to be in the range of $1.56 to $1.62 compared to prior guidance range of $1.54 to $1.62.

American Assets Trust, Inc. Declares Dividend on Common Stock for the Quarter Ending September 30, 2014, Payable on September 26, 2014

American Assets Trust, Inc. has declared dividend on its common stock of $0.22 per share for the quarter ending September 30, 2014. The dividend will  be paid on September 26, 2014 to stockholders of record on September 12, 2014.

American Assets Trust, Inc., Q2 2014 Earnings Call, Jul 30, 2014

American Assets Trust, Inc., Q2 2014 Earnings Call, Jul 30, 2014

American Assets Trust, Inc. to Report Q2, 2014 Results on Jul 29, 2014

American Assets Trust, Inc. announced that they will report Q2, 2014 results After-Market on Jul 29, 2014

 

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AAT

Industry Average

Valuation AAT Industry Range
Price/Earnings 100.0x
Price/Sales 5.8x
Price/Book 2.1x
Price/Cash Flow 17.6x
TEV/Sales 1.3x
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