American Assets Trust Inc
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
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FY2024 · Filed Feb 12, 2025
AAT$21.69+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of F-
Consolidated Statements of Comprehensive Income
(In Thousands, Except Shares and Per Share Data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| REVENUE: | |||
| Rental income | $423,611 | $419,373 | $402,507 |
| Other property income | 34,244 | 21,791 | 20,141 |
| Total revenue | 457,855 | 441,164 | 422,648 |
| EXPENSES: | |||
| Rental expenses | 123,503 | 118,801 | 107,645 |
| Real estate taxes | 44,224 | 45,156 | 44,788 |
| General and administrative | 35,468 | 35,960 | 32,143 |
| Depreciation and amortization | 125,461 | 119,500 | 123,338 |
| Total operating expenses | 328,656 | 319,417 | 307,914 |
| OPERATING INCOME | 129,199 | 121,747 | 114,734 |
| Interest expense, net | (74,527) | (64,706) | (58,232) |
| Other income (expense), net | 18,147 | 7,649 | (625) |
| NET INCOME | 72,819 | 64,690 | 55,877 |
| Net income attributable to restricted shares | (787) | (761) | (648) |
| Net income attributable to unitholders in the Operating Partnership | (15,234) | (13,551) | (11,723) |
| NET INCOME ATTRIBUTABLE TO AMERICAN ASSETS TRUST, INC. STOCKHOLDERS | $56,798 | $50,378 | $43,506 |
| EARNINGS PER COMMON SHARE, BASIC | |||
| Basic income attributable to common stockholders per share | $0.94 | $0.84 | $0.72 |
| Weighted average shares of common stock outstanding - basic | 60,333,055 | 60,158,976 | 60,048,970 |
| EARNINGS PER COMMON SHARE, DILUTED | |||
| Diluted income attributable to common stockholders per share | $0.94 | $0.84 | $0.72 |
| Weighted average shares of common stock outstanding - diluted | 76,514,592 | 76,340,513 | 76,230,507 |
| COMPREHENSIVE INCOME | |||
| Net income | $72,819 | $64,690 | $55,877 |
| Other comprehensive (loss) income - unrealized (loss) income on swap derivatives during the period | (2,748) | (1,827) | 11,319 |
| Other comprehensive (loss) - unrealized loss on treasury locks during the period | (1,345) | — | — |
| Reclassification of amortization of forward starting swap included in interest expense, net | (377) | (1,149) | (1,477) |
| Comprehensive income | 68,349 | 61,714 | 65,719 |
| Comprehensive income attributable to noncontrolling interest | (14,286) | (12,917) | (13,813) |
| Comprehensive income attributable to American Assets Trust, Inc. | $54,063 | $48,797 | $51,906 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.