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