American Assets Trust: Q4 Earnings Snapshot
SAN DIEGO (AP) — SAN DIEGO (AP) — American Assets Trust Inc. (AAT) on Tuesday reported a key measure of profitability in its fourth quarter.
The San Diego-based real estate investment trust said it had funds from operations of $36 million, or 47 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $3.1 million, or 5 cents per share.
The real estate investment trust, based in San Diego, posted revenue of $110.1 million in the period.
For the year, the company reported funds from operations of $153.4 million, or $2 per share. Revenue was reported as $436.2 million.
American Assets Trust expects full-year funds from operations to be $1.96 to $2.10 per share.
The company's shares have declined 4.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.08, a fall of 25% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAT at https://www.zacks.com/ap/AAT