American Assets Trust Inc reports results for the quarter ended in September 30 - Earnings Summary

American Assets Trust

30/10/2024 02:50

* American Assets Trust Inc  AAT.N  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 20 cents.  The lone analyst forecast for the
quarter was for earnings of 29 cents per share. 
    * Revenue rose 10.4% to $122.81 million from a year ago;
analysts
expected $111.36 million. 
    * American Assets Trust Inc's reported EPS for the quarter
was 28
cents​.
    * The company reported quarterly net income of $16.66
million.
    * American Assets Trust Inc shares had risen by 2.7% this
quarter and gained 21.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27.8%
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 no "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 $25.00 
This summary was machine generated from LSEG data October 30 at
02:50 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
 Sep. 30 2024      0.69           0.71           Beat
 Jun. 30 2024      0.54           0.60           Beat
 Mar. 31 2024      0.66           0.71           Beat
 Dec. 31 2023      0.55           0.57           Beat