04:53 AM EDT, 07/31/2024 (MT Newswires) -- American Assets Trust ( AAT ) reported Q2 funds from operations late Tuesday of $0.60 per diluted share, up from $0.59 a year earlier.

Four analysts polled by Capital IQ expected $0.54.

Revenue for the quarter ended June 30 was $110.9 million, compared with $109.7 million a year earlier.

Three analysts polled by Capital IQ expected $108.9 million.

The company raised its full-year 2024 FFO guidance to between $2.48 and $2.54 per share from the previous range of $2.24 to $2.34. Analysts polled by Capital IQ expect $2.32.

American Assets Trust ( AAT ) also said Ernest Rady gave notice to transition to the executive chairman post from his chief executive officer role, effective Jan. 1, 2025. Adam Wyll, the company's president and chief operating officer, will take over the chief executive role, American Assets Trust ( AAT ) said.

Price: 25.40, Change: -0.42, Percent Change: -1.63