American Assets Trust Inc reports results for the quarter ended March 31 - Earnings Summary

• American Assets Trust Inc AAT.N reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 1 cents to 6 cents per share.

• Revenue fell 1.9% to $108.61 million from a year ago; analysts expected $114.63 million.

• American Assets Trust Inc's reported EPS for the quarter was 70 cents​.

• The company reported quarterly net income of $42.54 million.

• American Assets Trust Inc shares had fallen by 5.6% this quarter and lost 27.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "hold"

• Wall Street's median 12-month price target for American Assets Trust Inc is $21.00

This summary was machine generated from LSEG data April 30 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)