American Assets Trust Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

American Assets Trust (NYSE:AAT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$122.8m (up 12% from 3Q 2023).
• Net income: US$16.7m (up 41% from 3Q 2023).
• Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.28 (up from US$0.20 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

American Assets Trust Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with American Assets Trust (including 2 which are a bit unpleasant).

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