American Assets Trust raises 2025 FFO guidance as Q2 FFO per share falls to $0.51
American Assets Trust reported second-quarter 2025 results that showed lower per-share funds from operations (FFO) and net income than a year earlier, while the company raised the low end of its 2025 FFO guidance. The guidance change is modest, but the quarterly decline in core per-share earnings is the main point for shareholders to weigh.
Key points
- Q2 2025 FFO per diluted share, excluding lease termination fees and litigation income, was $0.51, down from $0.60 in Q2 2024
- Q2 2025 net income available to common stockholders was $5.5 million, or $0.09 per diluted share, versus $11.9 million in Q2 2024
- 2025 FFO per diluted share guidance raised to $1.89 to $2.01 from $1.87 to $2.01, a midpoint of $1.95, about 1% higher
- Same-store cash net operating income fell 0.3% in Q2 2025 year over year, while six-month same-store cash NOI rose 1.4%
The filing
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 July 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.