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

American Assets Trust Q4 FFO per share falls 4% to $0.55; 2025 guidance $1.87-$2.01

Mixed Impact 3 of 5 earnings Written later

American Assets Trust reported fourth-quarter 2024 net income attributable to stockholders of $9.0 million, or $0.15 per diluted share, down from $10.5 million a year earlier, and FFO of $0.55 per diluted share, down 4%. For the full year, net income rose to $56.8 million ($0.94 per share) and FFO rose 8% to $2.58 per share, and the company introduced 2025 FFO guidance of $1.87 to $2.01 per diluted share. The results point in mixed directions for shareholders: quarterly earnings weakened while full-year results improved and a 2025 outlook was set.

Key points

  • Q4 2024 net income attributable to stockholders was $9.0 million ($0.15 per diluted share), versus $10.5 million ($0.17 per diluted share) in Q4 2023.
  • Full-year 2024 FFO per diluted share was $2.58, up 8%; excluding lease termination fees and litigation income, it was $2.30 versus $2.31 in 2023.
  • 2025 FFO per diluted share guidance is $1.87 to $2.01, with a midpoint of $1.94; it excludes future acquisitions, dispositions, equity issuances or repurchases, and debt financing or repayments.
  • On February 3, 2025, the company repaid in full the $100 million outstanding balance on its Series C Notes; the earnings call is set for February 5, 2025 at 8:00 a.m. PT.

The filing

CompanyAmerican Assets Trust (AAT)
Form8-K, current report
Filed with the SECFeb 4, 2025, 4:17 PM ET
Accession number0001500217-25-000003

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

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing 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 February 04, 2025.

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