ET 18:05

Headline: American Assets Trust Reports Q4 FFO of $0.47 Per Share, Outlook Positive - AAT

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Narrative

[Para 1: The Lead] American Assets Trust Inc. (AAT), a real estate investment trust based in San Diego, reported a funds from operations (FFO) of $0.47 per share for the fourth quarter, marking a financial recovery in the real estate sector. The company's shares, previously down 4.5% year-to-date, closed at $18.08 on Tuesday, reflecting market interest in its performance. [Para 2-3: Supporting details & Context] For the quarter, AAT posted a net income of $0.05 per share and revenue of $110.1 million. On an annual basis, the company achieved an FFO of $2.00 per share, surpassing its previous year's FFO of $2.00 per share. AAT expects full-year FFO to range between $1.96 to $2.10 per share, signaling optimism for future growth. The company's financial recovery is bolstered by its strong revenue and consistent FFO, showcasing resilience in the real estate investment trust industry.

EditorThomas Ho