American Assets Trust Reports Q4 FFO of $0.55 Per Share
San Diego, Calif. - American Assets Trust Inc. (AAT) reported funds from operations (FFO) of $42.1 million, or $0.55 per share, for its fourth quarter ended December 31, 2022. FFO is a key profitability metric for real estate investment trusts (REITs) that reflects cash flow from operations.
The company also reported net income of $9 million, or $0.15 per share, and revenue of $113.5 million for the quarter.
For the full year 2022, AAT reported FFO of $197.5 million, or $2.58 per share, and revenue of $457.9 million.
AAT expects full-year 2023 FFO in the range of $1.87 to $2.01 per share.
The company's stock has declined 8.5% year-to-date. On Tuesday, shares closed at $24.02, marking an 11% increase over the past 12 months.