American Assets Trust Q4 FFO $0.57 Up From $0.56 YoY, Sales $112.49M Beat $108.29M Estimate
Portfolio Pulse from totan@benzinga.com
American Assets Trust (AAT) reported a Q4 FFO of $0.57 per share, up from $0.56 YoY, with sales of $112.49M beating the $108.29M estimate. This represents a 1.79% increase in earnings and a 6.12% increase in sales compared to the same period last year.
February 06, 2024 | 9:39 pm
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POSITIVE IMPACT
American Assets Trust reported a positive Q4 with FFO per share increasing to $0.57 from $0.56 YoY and sales growing to $112.49M, beating estimates.
The positive earnings report, showing both an increase in FFO per share and sales beating estimates, is likely to instill investor confidence and could lead to a short-term uptick in AAT's stock price. The growth in earnings and sales, exceeding analyst expectations, highlights the company's strong performance and potential for future growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100