- American Assets Trust press release ( NYSE: AAT ): Q3 FFO of $0.63 beats by $0.08 .
- Revenue of $111.02M (+13.0% Y/Y) beats by $8.63M .
- Same-store cash Net Operating Income increased 11.3% and 10.7% year-over-year for the three and nine months ended September 30, 2022, respectively, compared to the same periods in 2021.
- Leased approximately 43,000 comparable office square feet at an average straight-line basis and cash-basis contractual rent increase of 35% and 24%, respectively, during the three months ended September 30, 2022.
- Leased approximately 71,000 comparable retail square feet at an average straight-line basis and cash-basis contractual rent increase of 28% and 7%, respectively, during the three months ended September 30, 2022
- Increased 2022 FFO per diluted share guidance to a range of $2.30 to $2.34, an approximately 16% increase at the midpoint over our full year 2021 FFO per diluted share.
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American Assets Trust FFO of $0.63 beats by $0.08, revenue of $111.02M beats by $8.63M