American Assets Trust Q3 net income drops

American Assets Trust

28/10/2025 20:23

Overview

American Assets Trust Q3 net income declines compared to same period last year

FFO for Q3 2025 decreases compared to Q3 2024

Company increases 2025 FFO guidance midpoint by $0.02

Outlook

American Assets Trust raises 2025 FFO guidance to $1.93-$2.01 per share

Result Drivers

HIGHER INTEREST EXPENSE - Co attributes FFO decline partly to increased interest expenses due to senior notes and reduced capitalized interest

LEASING ACTIVITY - Co reports significant rent increases for new office and retail leases, with average cash-basis rent up 9% and 4% respectively

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$4.50 mln
Q3 FFO
$37.75 mln
Q3 FFO Per Share
$0.49


Analyst Coverage

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 diversified reits peer group is "buy."

Wall Street's median 12-month price target for American Assets Trust Inc is $20.50, about 2% above its October 27 closing price of $20.08

The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 48 three months ago

Press Release: ID:nGNX6FdVSS

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)