NYSE$AAT
American Assets Trust Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported financial results and COVID-19 operational update for the second quarter of 2020.
American Assets Trust reported a net income available to common stockholders of $7.7 million, or $0.13 per diluted share, and funds from operations of $0.48 per diluted share for the second quarter ended June 30, 2020. Rent collection was strong with 98% of office rents, 58% of retail rents, and 95% of multifamily rents collected.
- Net income available to common stockholders was $7.7 million, or $0.13 per diluted share.
- Funds From Operations decreased 6% year-over-year to $0.48 per diluted share.
- Same-store cash NOI decreased 11.5% year-over-year, but excluding lease termination fees, it would have decreased by 3.6%.
- Collected 98% of office rents, 58% of retail rents, and 95% of multifamily rents that were due during the second quarter.
Headline financials
Revenue & EPS history
American Assets Trust · Revenue · Quarterly
$82.1M
Revenue by segment
American Assets Trust · $104M total across 2 segments · Q2 2022
- Rental Income$99M+13.0%95.1%
- Other Property Income$5.14M—4.9%
Forward guidance
The company increased the dividend from $0.20 per share in the second quarter to $0.25 per share in the third quarter based on the company's rent collection in the second quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.2%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+0.5%
Avg return
30 days after
56%
34 / 61 earnings
Positive
+7.2%
Q2 2011
Best reaction
-11.2%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.5% | -4.7% | +8.0% | |
| Q4 2025 | +3.9% | +4.1% | +5.6% | |
| Q3 2025 | -6.0% | -5.7% | -3.0% | |
| Q1 2025 | +1.1% | +2.8% | +7.7% | |
| Q4 2024 | -6.7% | -6.2% | -11.2% | |
| Q3 2024 | +1.2% | -3.0% | +4.2% | |
| Q2 2024 | +6.7% | +3.5% | +8.9% | |
| Q1 2024 | -1.2% | -1.0% | -2.8% | |
| Q4 2023 | -0.3% | +2.7% | -3.2% | |
| Q3 2023 | -0.5% | +0.7% | +6.7% | |
| Q2 2023 | +0.4% | -0.0% | -6.6% | |
| Q1 2023 | +0.2% | +2.0% | +5.6% | |
| Q4 2022 | -4.4% | -6.6% | -24.5% | |
| Q3 2022 | +3.4% | +2.7% | +4.5% | |
| Q2 2022 | -0.3% | +0.9% | -3.2% | |
| Q1 2022 | +1.8% | +0.1% | -9.0% | |
| Q4 2021 | +1.2% | +0.6% | +4.4% | |
| Q3 2021 | -2.8% | -3.8% | -3.1% | |
| Q2 2021 | +1.3% | +0.7% | +3.8% | |
| Q1 2021 | +0.6% | +1.6% | +4.3% | |
| Q4 2020 | +1.0% | +2.9% | +18.7% | |
| Q3 2020 | -11.2% | -11.6% | +28.8% | |
| Q2 2020 | +5.0% | +5.0% | +0.5% | |
| Q1 2020 | +6.6% | -0.8% | -1.6% | |
| Q4 2019 | +0.1% | +1.1% | -34.1% | |
| Q3 2019 | +3.4% | +4.1% | -0.0% | |
| Q2 2019 | -1.3% | -0.4% | -0.5% | |
| Q1 2019 | +0.0% | +0.0% | -2.3% | |
| Q4 2018 | -0.6% | -0.4% | +4.3% | |
| Q3 2018 | +1.3% | +0.2% | +7.7% | |
| Q2 2018 | +1.9% | +3.7% | +4.4% | |
| Q1 2018 | -1.6% | +1.8% | +8.3% | |
| Q4 2017 | -1.9% | -0.3% | +0.9% | |
| Q3 2017 | -0.7% | -1.7% | +0.8% | |
| Q2 2017 | -0.4% | -0.5% | +0.0% | |
| Q1 2017 | -3.8% | -3.8% | -8.2% | |
| Q4 2016 | -1.2% | -1.0% | -2.3% | |
| Q3 2016 | -3.8% | -3.3% | -1.2% | |
| Q2 2016 | -1.6% | +1.0% | -1.7% | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | +3.1% | — | — | |
| Q3 2015 | -4.1% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | -2.3% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2013 | -0.8% | — | — | |
| Q2 2013 | +0.8% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q3 2012 | +2.6% | — | — | |
| Q2 2012 | +4.6% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q1 2012 | +3.2% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q3 2011 | +3.3% | — | — | |
| Q2 2011 | +7.2% | — | — | |
| Q4 2010 | +0.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro