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Recap: American Assets Trust Q3 Earnings

Benzinga Insights
·1 min read

Shares of American Assets Trust (NYSE:AAT) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 22.81% over the past year to $0.44, which beat the estimate of $0.16.

Revenue of $84,374,000 decreased by 14.22% year over year, which beat the estimate of $83,010,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

View more earnings on AAT

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $49.26

Company's 52-week low was at $20.15

Price action over last quarter: down 17.04%

Company Overview

American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are primarily located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.

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