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AI brief of an SEC Form 8-K · American Assets Trust (AAT)

American Assets Trust raises 2024 FFO guidance as Q1 FFO rises 8% to $0.71 per share

Positive Impact 4 of 5 earnings Written later

American Assets Trust reported first-quarter 2024 net income attributable to common stockholders of $19.3 million, or $0.32 per diluted share, up from $16.1 million, or $0.27, a year earlier. The company also raised its 2024 FFO per diluted share guidance to $2.24 to $2.34, which the filing says is a 1% increase at the midpoint. Shareholders should note that first-quarter net income was helped by a $10 million settlement payment.

Key points

  • Q1 2024 FFO per diluted share was $0.71, up 8% from $0.66 a year earlier.
  • Same-store cash NOI rose 1.5% to $66.8 million; excluding a $0.5 million construction in progress write-off, it rose 2.3%.
  • 2024 FFO guidance was raised to $2.24 to $2.34 per share, from $2.19 to $2.33 previously, with a midpoint of $2.29.
  • Total revenue was $110.7 million for the quarter, compared with $107.8 million a year earlier.

The filing

CompanyAmerican Assets Trust (AAT)
Form8-K, current report
Filed with the SECApr 30, 2024, 4:20 PM ET
Accession number0001500217-24-000024

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.