American Assets ( (AAT) ) just unveiled an announcement.
American Assets Trust, Inc. reported its financial results for the first quarter of 2025, highlighting a net income of $42.5 million, or $0.70 per diluted share, and a 10% year-over-year decrease in Funds from Operations (FFO) per diluted share to $0.52. The company completed the sale of Del Monte Center for $123.5 million and acquired Genesee Park for $67.9 million, while leasing significant office and retail space with notable rent increases. Despite a decrease in FFO due to prior litigation income and increased interest expenses, the company saw improvements in its same-store retail segment and achieved a gain from the sale of Del Monte Center.
Spark’s Take on AAT Stock
According to Spark, TipRanks’ AI Analyst, AAT is a Neutral.
American Assets Trust presents a balanced outlook with strengths in financial performance and high dividend yield. However, technical analysis indicates bearish trends, and the earnings call highlighted challenges, particularly in the office segment and expected FFO decrease for 2025. These factors suggest a cautious approach, with the potential for improvement if strategic initiatives are successfully implemented.
To see Spark’s full report on AAT stock, click here.
More about American Assets
American Assets Trust, Inc. operates in the real estate investment trust (REIT) industry, focusing on the ownership, operation, and development of retail, office, multifamily, and mixed-use properties primarily in the United States.
YTD Price Performance: -26.49%
Average Trading Volume: 430,733
Technical Sentiment Signal: Buy
Current Market Cap: $1.16B
For detailed information about AAT stock, go to TipRanks’ Stock Analysis page.