American Assets Trust Full Year 2023 Earnings: Beats Expectations
American Assets Trust (NYSE:AAT) Full Year 2023 Results
Key Financial Results
Revenue: US$441.2m (up 5.4% from FY 2022).
Net income: US$50.4m (up 16% from FY 2022).
Profit margin: 11% (up from 10% in FY 2022). The increase in margin was driven by higher revenue.
EPS: US$0.84 (up from US$0.72 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
American Assets Trust Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the REITs industry in the US.
Performance of the American REITs industry.
The company's shares are down 3.7% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for American Assets Trust (2 are a bit concerning!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
