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

American Assets Trust raises 2024 FFO guidance as Q3 FFO per share rises 20%

Positive Impact 4 of 5 earnings Written later

American Assets Trust reported third-quarter 2024 results, with FFO per diluted share of $0.71, up 20% from a year earlier, and net income attributable to stockholders of $16.7 million, or $0.28 per diluted share. The company raised its 2024 FFO per diluted share guidance to $2.51 to $2.55, a 1% increase at the midpoint, which is a direct benefit to shareholders if the company meets it.

Key points

  • Q3 2024 FFO per diluted share was $0.71, up from $0.59 in Q3 2023; nine-month FFO per diluted share was $2.03, up 10%.
  • Q3 2024 net income attributable to stockholders was $16.7 million ($0.28 per diluted share), versus $11.8 million ($0.20) a year earlier.
  • 2024 FFO per diluted share guidance was raised to $2.51 to $2.55 from $2.48 to $2.54.
  • Q3 same-store cash NOI rose 15.8%, aided by a lease termination fee at Torrey Reserve Campus; excluding that fee, office same-store cash NOI was (3.7)%.

The filing

CompanyAmerican Assets Trust (AAT)
Form8-K, current report
Filed with the SECOct 29, 2024, 4:15 PM ET
Accession number0001500217-24-000050

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, 6:58 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 October 29, 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.