American Assets Trust, Inc. (NYSE:AAT) to Issue Quarterly Dividend of $0.34

Key Points

• American Assets Trust declared a quarterly dividend of $0.34 per share, payable September 17 to shareholders of record September 3, representing a 6.1% annualized yield.
• The dividend currently exceeds earnings coverage, with a 302.2% payout ratio, although analysts expect earnings growth to reduce the forward payout ratio to approximately 64.8%.
• The REIT recently reported quarterly EPS of $0.09, below the $0.10 consensus estimate, while revenue of $109.48 million also fell short of expectations.

American Assets Trust, Inc. (NYSE:AAT - Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, September 3rd will be paid a dividend of 0.34 per share by the real estate investment trust on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Thursday, September 3rd.

American Assets Trust has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. American Assets Trust has a dividend payout ratio of 302.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect American Assets Trust to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 64.8%.

American Assets Trust Stock Performance

Shares of American Assets Trust stock opened at $22.42 on Tuesday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 77.31 and a beta of 0.96. American Assets Trust has a 52 week low of $17.72 and a 52 week high of $25.97. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 1.61. The firm's 50 day moving average is $23.96 and its two-hundred day moving average is $21.82.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $109.48 million for the quarter, compared to analysts' expectations of $110.64 million. American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. Research analysts forecast that American Assets Trust will post 2.03 EPS for the current fiscal year.

American Assets Trust Company Profile

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company's holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.

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