Wall Street Insider: American Assets Trust Unveils Stellar Q4 Performance and Annual Fiscal Triumph
Financial Performance Highlights: Strong Earnings and Outlook for 2025
Our company demonstrated robust financial performance in the fourth quarter and full year of 2024, with net income available to common stockholders reaching $9.0 million for the quarter and an impressive $56.8 million for the entire year. This translates to earnings of $0.15 and $0.94 per diluted share, respectively, showcasing our consistent growth and financial strength.
Funds from Operations (FFO) per diluted share showed interesting dynamics in 2024. For the fourth quarter, FFO slightly decreased by 4% compared to the previous year, settling at $0.55 per diluted share. However, the full-year performance told a different story, with FFO increasing by 8% to $2.58 per diluted share, reflecting the company's resilience and strategic positioning.
Looking ahead, we are excited to introduce our 2025 annual guidance. The midpoint of our Funds from Operations projection is set at $1.94, with a targeted range between $1.87 and $2.01 per diluted share. This forward-looking forecast underscores our confidence in the company's potential and strategic direction.