American Assets Trust Inc reports results for the quarter ended in January - Earnings Summary

American Assets Trust

01/05/2024 06:10

* American Assets Trust Inc  AAT.N  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 27 cents.  The lone analyst forecast for
the quarter was for earnings of 26 cents per share. 
    * Revenue rose 2.7% to $110.70 million from a year ago;
analysts
expected $110.51 million. 
    * American Assets Trust Inc's reported EPS for the quarter
was 32
cents​.
    * The company reported quarterly net income of $19.26
million.
    * American Assets Trust Inc shares had fallen by 2.6% this
quarter and lost 5.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 15.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for American Assets
Trust Inc is $22.00 
This summary was machine generated from LSEG data May 1 at 05:10
a.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.66           0.71           Beat
 Dec. 31 2023      0.55           0.57           Beat
 Sep. 30 2023      0.56           0.59           Beat
 Jun. 30 2023      0.53           0.59           Beat