American Assets Trust Q4 net income falls

Overview

• Real estate investment trust's Q4 net income and FFO declined year-over-year

• Company introduced 2026 FFO guidance with a midpoint of $2.03 per share

• Company leased 193,000 office and 43,000 retail square feet in Q4

Outlook

• American Assets Trust introduces 2026 FFO guidance of $1.96 to $2.10 per share

Result Drivers

• LEASE ACTIVITY - Co leased 193,000 sq ft of office and 43,000 sq ft of retail space in Q4, with notable rent increases

• REVENUE DECLINE - Rental income and other property income decreased in Q4 compared to the previous year

• NOI STABILITY - Same-store cash NOI remained flat for Q4, with a slight increase for the year

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 1 "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 $18.00, about 0.2% below its February 2 closing price of $18.03

• The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release: ID:nGNXzpQDV

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