American Assets Trust Q1 2024 FFO $0.71 Beats $0.66 Estimate, Sales $110.695M Beat $110.512M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Assets Trust (NYSE:AAT) reported Q1 2024 FFO of $0.71 per share, surpassing the $0.66 estimate, and sales of $110.695M, exceeding the $110.512M forecast. This represents a 7.58% increase in earnings and a 2.73% rise in sales compared to the same period last year.
April 30, 2024 | 8:49 pm
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American Assets Trust reported a strong Q1 2024 with FFO and sales exceeding estimates, indicating robust financial health and growth.
Beating both FFO and sales estimates suggests operational efficiency and potentially positive market sentiment towards AAT. The reported growth in earnings and sales compared to the previous year further strengthens the case for a positive short-term impact on AAT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100