2024-05-01 14:58:09 ET
American Assets Trust, Inc. (AAT)
Q1 2024 Earnings Conference Call
May 1, 2024 11:00 AM ET
Company Participants
Ernest Rady – Chairman and Chief Executive Officer
Adam Wyll – Chief Operating Officer
Bob Barton – Chief Financial Officer
Steve Center – Senior Vice President-Office Properties
Conference Call Participants
Todd Thomas – KeyBanc Capital Markets
Ravi Vaidya – Mizuho
Presentation
Operator
Good morning and welcome to the American Assets Trust, Incorporated First Quarter 2024 Earnings Call. As a reminder, today's conference call is being recorded. Please note that statements made on this conference call include forward-looking statements based on current expectations, which statements are subject to risks and uncertainties discussed in the company's filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements as actual results could cause the company's results to differ materially from these forward-looking statements.
Yesterday afternoon, American Assets Trust’s earnings release and supplemental information were furnished to the SEC on Form 8-K. Both are now available on the Investor Relations section of its website, americanassetstrust.com.
It is now my pleasure to turn the conference over to Mr. Ernest Rady, Chairman and CEO of American Assets Trust. Please go ahead, sir.
Ernest Rady
Good morning, everyone, and thank you for joining us. As we reflect on the first quarter of 2024, I am pleased to report – no, very pleased to report that despite the challenging economic backdrop, American Assets Trust had a healthy start to this year. Our financial and operational performance met expectations in quarter one and we are increasing our guidance for the rest of the year, no doubt a testament to the resilience of our diversified asset strategy, and of course, our people as well....
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American Assets Trust, Inc. (AAT) Q1 2024 Earnings Call Transcript