NYSE$AAT

American Assets Trust Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

American Assets Trust reported financial results for Q4 2020, showing a net income of $2.9 million and FFO of $31.1 million.

American Assets Trust reported a net income of $2.9 million, or $0.05 per diluted share, for the fourth quarter of 2020. Funds From Operations (FFO) was $31.1 million, or $0.41 per diluted share. The company collected 92% of rents due during the quarter.

  • Net income available to common stockholders was $2.9 million, or $0.05 per diluted share.
  • Funds From Operations decreased 27% year-over-year to $0.41 per diluted share.
  • Same-store cash NOI decreased 3.1% year-over-year.
  • Total collections increased to 92% in the fourth quarter compared to 90% in the third quarter.

Headline financials

Total Revenue

$81.3M

Previous: $98.9M-17.8%
EPS (adj)

$0.41

Previous: $0.56-26.8%
Net Income

$3.79M

Previous: $16.5M-77.0%
Operating Income

$16.4M

Previous: $30M-45.3%
Gross Profit

$50.5M

Previous: $62.8M-19.7%
Cash & Equivalents

$137M

Previous: $99.3M+38.3%
Total Assets

$2.82B

Previous: $2.79B+1.0%
Stock-Based Comp

$2.55M

Previous: $1.12M+128.4%

Revenue & EPS history

American Assets Trust · Revenue · Quarterly

$81.3M

Q4 2020-17.8%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

American Assets Trust · $104M total across 2 segments · Q2 2022

  • Rental Income
    $99M+13.0%
  • Other Property Income
    $5.14M

Forward guidance

The company increased the dividend from $0.25 per share in the fourth quarter of 2020 to $0.28 per share in the first quarter of 2021 based on the company's rent collection in the fourth 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 Q4 2020

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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