American Assets Trust Q1 net income rises to $42.5 million; FFO per share falls 10%
American Assets Trust reported first-quarter 2025 net income attributable to common stockholders of $42.5 million, or $0.70 per diluted share, up from $19.3 million, or $0.32, a year earlier. The increase was driven mainly by a $44.5 million gain on the sale of Del Monte Center, while FFO per diluted share excluding lease termination fees and litigation income fell 10% to $0.52, and the company affirmed its full-year 2025 FFO guidance.
Key points
- Net income attributable to common stockholders was $42.5 million, or $0.70 per diluted share, versus $19.3 million, or $0.32, in the first quarter of 2024, mainly due to a $44.5 million gain on the sale of Del Monte Center.
- FFO per diluted share excluding lease termination fees and litigation income was $0.52, down 10% from $0.58 a year earlier, which excluded $10.0 million of litigation income.
- The company affirmed its 2025 FFO per diluted share guidance range of $1.87 to $2.01, with a midpoint of $1.94.
- At March 31, 2025, liquidity was $543.9 million, including $143.9 million of cash and cash equivalents.
The filing
Written by AI on Nov 8, 2026, 6:57 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 April 29, 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.