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

American Assets Trust

31/07/2024 24:20

* American Assets Trust Inc  AAT.N  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in June,
identical to the same quarter last year.  The lone analyst
forecast for the quarter was for earnings of 14 cents per share.
    * Revenue rose 1.1% to $110.89 million from a year ago;
analysts
expected $108.90 million. 
    * American Assets Trust Inc's reported EPS for the quarter
was 20
cents​.
    * The company reported quarterly net income of $11.9
million.
    * American Assets Trust Inc shares had risen by 11.1% this
quarter and gained 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 July 30 at
11:20 p.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
 Jun. 30 2024      0.54           0.60           Beat
 Mar. 31 2024      0.66           0.71           Beat
 Dec. 31 2023      0.55           0.57           Beat
 Sep. 30 2023      0.56           0.59           Beat