American Assets Trust, Inc. Announces Quarterly Dividend on Common Stock for the First Quarter of 2022, Payable on March 24, 2022
February 08, 2022 at 04:15 pm EST
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American Assets Trust, Inc. Announces increasing quarterly dividend 7% to $0.32 per share of common stock in the first quarter of 2022 compared to the fourth quarter of 2021. The dividend will be paid in cash on March 24, 2022 to stockholders of record on March 10, 2022.
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires, and develops office, retail, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Washington, Oregon, Texas, and Hawaii. It operates in four segments: office, retail, multifamily and mixed-use. The Company's office portfolio comprises approximately 4.1 million rentable square feet, and its retail portfolio comprises approximately 3.1 million rentable square feet. In addition, the Company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,110 multifamily units. Its portfolio consists of twelve office properties; twelve retail shopping centers; a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center; and six multifamily properties.