In This Article:
American Assets Trust (NYSE:AAT) Full Year 2024 Results
Key Financial Results
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Revenue: US$457.9m (up 4.8% from FY 2023).
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Net income: US$56.8m (up 13% from FY 2023).
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Profit margin: 12% (in line with FY 2023).
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EPS: US$0.94 (up from US$0.84 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
American Assets Trust EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the REITs industry in the US.
Performance of the American REITs industry.
The company's shares are down 5.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - American Assets Trust has 2 warning signs (and 1 which is a bit concerning) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.