American Assets Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 26, 2022 at 04:17 pm EDT
Share
American Assets Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 99.02 million compared to USD 87.64 million a year ago. Revenue was USD 104.16 million compared to USD 91.81 million a year ago. Net income was USD 10.58 million compared to USD 8.94 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.15 a year ago.
For the six months, sales was USD 196 million compared to USD 168.77 million a year ago. Revenue was USD 205.63 million compared to USD 175.8 million a year ago. Net income was USD 21.11 million compared to USD 10.2 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.17 a year ago.
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.
AMERICAN ASSETS TRUST, INC. 
