NYSE$AAT
American Assets Trust Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial results for the second quarter ended June 30, 2023.
American Assets Trust reported a net income available to common stockholders of $12.0 million, or $0.20 per diluted share, and Funds From Operations (FFO) increased 2% year-over-year to $0.59 per diluted share. Same-store cash Net Operating Income (NOI) increased 7.7% year-over-year, and the company increased its 2023 FFO per diluted share guidance to a range of $2.28 to $2.36.
- Net income available to common stockholders was $12.0 million, or $0.20 per diluted share.
- Funds From Operations (FFO) increased 2% year-over-year to $0.59 per diluted share.
- Same-store cash Net Operating Income (NOI) increased 7.7% year-over-year.
- Increased 2023 FFO per diluted share guidance to a range of $2.28 to $2.36.
Headline financials
Revenue & EPS history
American Assets Trust · Revenue · Quarterly
$110M
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 its 2023 FFO per diluted share guidance to a range of $2.28 to $2.36 per share, an increase of approximately 2% at midpoint from the prior 2023 FFO per diluted share guidance range of $2.23 to $2.33 per share. The company's guidance excludes any impact from future acquisitions, dispositions, equity issuances or repurchases, debt financings or repayments.
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 2023
+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% | — | — |
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