American Assets Trust (AAT) Tops Q2 EPS by 6c; offers guidance

American Assets Trust (NYSE: AAT) reported Q2 EPS of $0.20, $0.06 better than the analyst estimate of $0.14. Revenue for the quarter came in at $110.89 million versus the consensus estimate of $109.07 million.

GUIDANCE

The company increased its 2024 FFO per diluted share guidance to a range of $2.48 to $2.54 per share, an increase of 9.6% at midpoint from the prior 2024 FFO per diluted share guidance range of $2.24 to $2.34 per share. The increased guidance is partially attributable to an $11 million lease termination fee received from a tenant that will be recognized by the company in the third quarter of 2024.

For earnings history and earnings-related data on American Assets Trust (AAT) click here.

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