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Last $38.52 USD
Change Today -0.90 / -2.28%
Volume 253.1K
AAT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

american assets trust inc (AAT) Snapshot

Open
$39.29
Previous Close
$39.42
Day High
$39.56
Day Low
$38.44
52 Week High
01/28/15 - $45.09
52 Week Low
10/1/14 - $32.84
Market Cap
1.7B
Average Volume 10 Days
205.1K
EPS TTM
$0.64
Shares Outstanding
44.9M
EX-Date
09/9/15
P/E TM
59.7x
Dividend
$0.93
Dividend Yield
2.38%
Current Stock Chart for AMERICAN ASSETS TRUST INC (AAT)

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american assets trust inc (AAT) Details

American Assets Trust, Inc. operates as a real estate investment trust in the United States. The company owns, operates, acquires, and develops retail, office, multifamily, and mixed-use properties primarily in southern California, northern California, and Hawaii. As of May 10, 2011, its property portfolio comprised approximately 3.0 million rentable square feet of retail space; approximately 1.8 million square feet of office space; 1 mixed-use property, including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel; and approximately 900 multifamily units. The company was founded in 1967 and is based in San Diego, California.

131 Employees
Last Reported Date: 07/31/15
Founded in 1967

american assets trust inc (AAT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $815.1K
Founder and Executive Chairman of The Board
Total Annual Compensation: $559.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $553.8K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $415.4K
Vice President of Construction and Developmen...
Total Annual Compensation: $283.5K
Compensation as of Fiscal Year 2014.

american assets trust inc (AAT) Key Developments

American Assets Trust, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Fiscal Year 2015; Provides Interest Rate Expense Guidance for the Fourth Quarter of 2015

American Assets Trust, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $66,769,000 compared to $62,199,000 a year ago. Operating income was $23,504,000 compared to $17,726,000 a year ago. Net income was $12,284,000 compared to $5,351,000 a year ago. Net income attributable to the company stockholders was $8,708,000 compared to $3,713,000 a year ago. Basic and diluted net income per share was $0.20 compared to $0.09 a year ago. FFO per diluted share/unit was $0.44 compared to $0.39 a year ago. FFO attributable to common stock and units was $27,532,000 compared to $23,535,000 a year ago. Net operating income was $43,578,000 compared to $40,570,000 a year ago. EBITDA was $38,790,000 compared to $36,680,000 a year ago. Total capital expenditure were $46,542,000. The increase in net income attributable to common stockholders for the six months ended June 30, 2015 was due to growth in same-store net operating income, an increase in occupancy at the hotel portion of mixed-use property and a decrease in interest expense. For the six months, the company reported total revenue of $126,305,000 compared to $119,275,000 a year ago. Operating income was $46,748,000 compared to $38,107,000 a year ago. Net income was $23,663,000 compared to $12,009,000 a year ago. Net income attributable to the company stockholders was $16,735,000 compared to $8,315,000 a year ago. Basic and diluted net income per share was $0.38 compared to $0.20 a year ago. FFO per diluted share/unit was $0.88 compared to $0.78 a year ago. FFO attributable to common stock and units was $53,978,000 compared to $46,488,000 a year ago. Net operating income was $86,945,000 compared to $81,904,000 a year ago. EBITDA was $77,141,000 compared to $73,402,000 a year ago. Total capital expenditure was $91,510,000. The increase in net income attributable to common stockholders for the six months ended June 30, 2015 was due to growth in same-store net operating income, an increase in occupancy at the hotel portion of mixed-use property and a decrease in interest expense. The company revised earnings guidance for the fiscal year of 2015. For the period, the company now expects net income to be in the range of $46,452,000 to $48,971,000 compared to prior guidance range of $45,071,000 to $48,153,000 a year ago. Depreciation and amortization of real estate assets expected to be in the range of $61,320,000 to $61,320,000 compared to prior guidance range of $60,423,000 to $60,423,000. FFO expected to be of $107,772,000 to $110,291,000 compared to prior guidance range of $105,494,000 to $108,576,000. FFO attributable to common stock and units expected to be of $107,618,000 to $110,137,000 compared to prior guidance range of $105,334,000 to $108,416,000. 2015 full year guidance FFO per diluted share range increased to $1.73 -- to a range of $1.73 to $1.77 with a midpoint of $1.75, from the previously issued guidance range of $1.70 to $1.75 with a midpoint of $1.725. The increase in guidance range is due to better than anticipating operating results in the second quarter, higher forecasted capitalized interest and nonrecurring income. The company expected the same-store comparable for the fourth quarter of 2015 to be significantly higher as that quarter was also impacted by the room refresh in 2014. Total reported interest rate expense increase again in the fourth quarter by approximately $1.7 million to $13.1 million. The increases relate to the reduction in capitalized interest from quarter-to-quarter as the Hassalo development is completed and comes on line into operations.

American Assets Trust, Inc. to Report Q2, 2015 Results on Jul 28, 2015

American Assets Trust, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015

American Assets Trust, Inc., Q2 2015 Earnings Call, Jul 29, 2015

American Assets Trust, Inc., Q2 2015 Earnings Call, Jul 29, 2015

 

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AAT:US $38.52 USD -0.90

AAT Competitors

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Company Last Change
Acadia Realty Trust $29.55 USD -0.53
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Ramco-Gershenson Properties Trust $15.50 USD -0.32
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Industry Analysis

AAT

Industry Average

Valuation AAT Industry Range
Price/Earnings 80.0x
Price/Sales 6.6x
Price/Book 2.3x
Price/Cash Flow 19.1x
TEV/Sales 2.5x
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