American Assets Trust (AAT) experienced a positive impact on its stock following the release of its Q3 earnings report. The company reported funds from operations (FFO) of $0.60 per share, surpassing the Zacks Consensus Estimate of $0.53 per share1. This represents an FFO surprise of 13.21%, indicating that the company's performance exceeded market expectations.
AAT Revenue Surprise, Percentage Change
The earnings beat was a continuation of a trend, as AAT had previously surpassed consensus FFO estimates four times over the last four quarters12. This consistent outperformance likely contributed to investor confidence and positive sentiment towards the stock.
In addition to the earnings surprise, AAT's revenues for the quarter ended June 2024, were also higher than expected, with the company posting revenues of $110.89 million, surpassing the Zacks Consensus Estimate by 3%1. This further supported the positive outlook for the company.
Overall, the Q3 earnings surprise had a notable impact on AAT's stock, as it reflected the company's strong operational performance and potential for continued growth, which could attract investor interest and support the stock's upward trajectory.
4/10/2025 11:26am
