American Assets Trust, Inc. (AAT)

American Assets Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	422.93	419.37	402.51	360.21	330.31	343.87
Other Revenue	29.57	17.4	16.06	12.83	11.78	18.72
Total Revenue	452.5	436.78	418.57	373.04	342.09	362.58
Revenue Growth (YoY	5.13%	4.35%	12.21%	9.04%	-5.65%	11.04%
Property Expenses	159.68	156.09	145.97	125.2	116.62	125.28
Selling, General & Administrative	39.6	39.45	34.52	31.66	28.6	27.41
Depreciation & Amortization	124.67	119.5	123.34	116.31	108.29	96.21
Total Operating Expenses	323.95	315.03	303.83	273.17	253.51	248.9
Operating Income	128.55	121.75	114.73	99.87	88.58	113.69
Interest Expense	-67.06	-64.71	-58.23	-58.59	-53.44	-54.01
Interest & Investment Income	2.18	2.18	0.23	0.32	0.44	0.7
Other Non-Operating Income	12.1	6.52	-	-0	0	0
EBT Excluding Unusual Items	75.77	65.73	56.73	41.6	35.58	60.37
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.63
Other Unusual Items	-	-	-	-4.27	-	-
Pretax Income	75.77	65.73	56.73	37.33	35.58	61.01
Income Tax Expense	1.04	1.04	0.85	0.74	-0.01	0.82
Earnings From Continuing Operations	74.73	64.69	55.88	36.59	35.59	60.19
Minority Interest in Earnings	-16.43	-14.31	-12.37	-8.22	-7.93	-14.47
Net Income	58.3	50.38	43.51	28.38	27.66	45.72
Net Income to Common	58.3	50.38	43.51	28.38	27.66	45.72
Net Income Growth	17.72%	15.80%	53.32%	2.59%	-39.50%	132.24%
Basic Shares Outstanding	60	60	60	60	60	54
Diluted Shares Outstanding	76	76	76	76	76	71
Shares Change (YoY)	0.20%	0.14%	0.08%	0.07%	7.53%	10.37%
EPS (Basic)	0.97	0.84	0.72	0.47	0.46	0.84
EPS (Diluted)	0.97	0.84	0.72	0.47	0.46	0.84
EPS Growth	17.42%	15.59%	53.17%	2.27%	-45.26%	101.51%
Dividend Per Share	1.335	1.320	1.280	1.160	1.000	1.140
Dividend Growth	1.91%	3.13%	10.34%	16.00%	-12.28%	4.59%
Operating Margin	28.41%	27.87%	27.41%	26.77%	25.89%	31.35%
Profit Margin	12.88%	11.53%	10.39%	7.61%	8.09%	12.61%
Free Cash Flow Margin	-	43.21%	42.78%	45.12%	37.12%	42.42%
EBITDA	244.41	238.16	234.77	212.94	192.94	206.1
EBITDA Margin	54.01%	54.53%	56.09%	57.08%	56.40%	56.84%
D&A For Ebitda	115.86	116.41	120.03	113.07	104.36	92.42
EBIT	128.55	121.75	114.73	99.87	88.58	113.69
EBIT Margin	28.41%	27.87%	27.41%	26.77%	25.89%	31.35%
Funds From Operations (FFO)	198.63	183.44	178.57	152.34	143.5	155.38
FFO Per Share	2.60	2.40	2.34	2.00	1.89	2.20
Adjusted Funds From Operations (AFFO)	-	124.08	124.7	152.34	143.5	155.38
AFFO Per Share	-	1.63	1.64	2.00	1.89	2.20
FFO Payout Ratio	-	43.73%	43.42%	46.06%	41.97%	39.71%
Effective Tax Rate	1.37%	1.58%	1.50%	1.98%	-	1.34%
Revenue as Reported	456.89	441.16	422.65	375.83	344.57	366.74

Source: S&P Capital IQ. Real Estate template. Financial Sources.