Profile
Sector:
Real EstateIndustry:
DiversifiedCountry:
United StatesIPO:
13 January 2011Next earnings report:
06 February 2025Last dividends:
05 September 2024Next dividends:
05 December 2024Price
regular market | 10 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
AAT Latest News
Here is how American Assets Trust (AAT) and Applied Digital Corporation (APLD) have performed compared to their sector so far this year.
QUAD, ADT and AAT made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 5, 2024.
AAT, CMA and PROV made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 5, 2024.
SKY, AAT, SOHO, THC and LDOS have been added to the Zacks Rank #1 (Strong Buy) List on November 1, 2024.
Investors need to pay close attention to American Assets (AAT) stock based on the movements in the options market lately.
Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years.
SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “company”) today announced that its operating partnership, American Assets Trust, L.P. (the “operating partnership”), has priced a public offering of $525 million aggregate principal amount of 6.150% senior notes due 2034 (the “Notes”). The Notes were priced at 99.671% of the principal amount and will mature on October 1, 2034. The offering is expected to settle on September 17, 2024, subject to the satisfaction of customary closing conditions. The Notes will be fully and unconditionally guaranteed by the company.
U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winning streak that lifted the major benchmark to the cusp of record highs, the S&P 500 tumbled 4.1% this week. Technology stocks dragged on the downside.
Quality over quantity should be emphasized when selecting stocks. In this article, I recommend two office REITs I consider to fit the bill. Cousins Properties and American Assets Trust are highlighted as high-quality office REIT options, benefiting from favorable property locations and potential growth. Both offer attractive dividends, solid balance sheets, and attractive property locations, making them good buys for the long term.
American Assets Trust has performed well, despite pandemic uncertainties surrounding the office sector, offering a 5% yield and solid financials. AAT's office portfolio is strong at 86.6%. They also saw strong leasing activity during their latest quarter, positioning them well for the future. With a 5.2% forward yield, growing FFO, and manageable debt, AAT is a quality REIT that offers potential upside for long-term investors.
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What type of business is American Assets Trust?
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. The company's office portfolio comprises approximately 4.1 million rentable square feet, and its retail portfolio comprises approximately 3.1 million rentable square feet. In addition, the company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,110 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.
What sector is American Assets Trust in?
American Assets Trust is in the Real Estate sector
What industry is American Assets Trust in?
American Assets Trust is in the Diversified industry
What country is American Assets Trust from?
American Assets Trust is headquartered in United States
When did American Assets Trust go public?
American Assets Trust initial public offering (IPO) was on 13 January 2011
What is American Assets Trust website?
https://www.americanassetstrust.com
Is American Assets Trust in the S&P 500?
No, American Assets Trust is not included in the S&P 500 index
Is American Assets Trust in the NASDAQ 100?
No, American Assets Trust is not included in the NASDAQ 100 index
Is American Assets Trust in the Dow Jones?
No, American Assets Trust is not included in the Dow Jones index
When was American Assets Trust the previous earnings report?
No data
When does American Assets Trust earnings report?
The next expected earnings date for American Assets Trust is 06 February 2025