Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  American Assets Trust, Inc    AAT

Delayed Quote. Delayed  - 07/29 10:02:02 pm
45.88 USD   +1.71%
07/27 AMERICAN ASSETS : reports 2Q results
07/26 American Assets Trust, Inc. Reports Second Quarter 2016 Financial..
07/05 American Assets Trust, Inc. Announces Second Quarter 2016 Earning..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

American Assets Trust, Inc : American Assets Trust, Inc. Announces Sale of 160 King Street in San Francisco, California

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/04/2012 | 11:23pm CEST
American Assets Trust, Inc. Announces Sale of 160 King Street in San Francisco, California

Company Release - December 4, 2012

SAN DIEGO -American Assets Trust, Inc. (NYSE:AAT) (the "Company") announced today the sale of the commercial office building known as 160 King Street located in San Francisco, California for approximately $93,750,000.  

"The disposition of 160 King Street reflects our strategy of taking advantage of market conditions to reallocate capital within our existing and future portfolio," said John W. Chamberlain, the Company's President and Chief Executive Officer.

Proceeds from the disposition of 160 King St. were applied to the reverse 1031 exchange structured in connection with the Company's acquisition of City Center Bellevue, an office building located in the financial district of Bellevue, Washington.  

About American Assets Trust, Inc.

The Company is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California.  For over 40 years, the Company has been acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington and Hawaii. The Company's retail portfolio comprises approximately 3.0 million rentable square feet, and its office portfolio comprises approximately 2.6 million square feet.  In addition, the Company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and over 900 multifamily units.  In 2011, the Company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes. For additional information, please visit www.americanassetstrust.com.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially.  Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance.  For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's annual report on Form 10-K and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.  The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

Source:  American Assets Trust, Inc.


distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN ASSETS TRUST, INC
07/29 AMERICAN ASSETS TRUST, INC. : Other Events (form 8-K)
07/29 AMERICAN ASSETS : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AN..
07/27 AMERICAN ASSETS : reports 2Q results
07/26 AMERICAN ASSETS TRUST, INC. : Results of Operations and Financial Condition, Reg..
07/26 American Assets Trust, Inc. Reports Second Quarter 2016 Financial Results
07/05 American Assets Trust, Inc. Announces Second Quarter 2016 Earnings Release Da..
06/14 AMERICAN ASSETS TRUST, INC. : Submission of Matters to a Vote of Security Holder..
06/08 AMERICAN ASSETS TRUST, INC : ex-dividend day
06/02 AMERICAN ASSETS TRUST, INC. : Regulation FD Disclosure (form 8-K)
04/27 AMERICAN ASSETS : Financial Statements and Exhibits (form 8-K/A)
More news
Sector news : Retail REITs
07/27DJSIMON PROPERTY : Boosted Outlook Falls Below Expectations
07/27DJSIMON PROPERTY : Boosted Outlook Falls Below Expectations
07/27DJUNDER ARMOUR : Makes the Leap To Fifth Avenue -- WSJ
07/27DJBOSTON PROPERTIES : Posts Higher FFO, Boosts Guidance
07/26DJUNDER ARMOUR : Takes Former FAO Schwarz Store on Fifth Avenue
More sector news : Retail REITs
News from SeekingAlpha
07/27 American Assets Trust's (AAT) CEO Ernest Rady on Q2 2016 Results - Earnings C..
07/26 American Assets Trust misses by $0.01, beats on revenue
05/27 INSIDERINSIGHTS.COM DAILY ROUND UP 5 : Psx, shak, jgv
05/03 Are There Any Deals Among The Dividend Challengers?
04/27 American Assets Trust declares $0.25 dividend
Advertisement
Financials ($)
Sales 2016 290 M
EBIT 2016 101 M
Net income 2016 38,6 M
Debt 2016 1 024 M
Yield 2016 2,21%
P/E ratio 2016 58,45
P/E ratio 2017 45,65
EV / Sales 2016 10,7x
EV / Sales 2017 10,2x
Capitalization 2 083 M
More Financials
Chart AMERICAN ASSETS TRUST, INC
Duration : Period :
American Assets Trust, Inc Technical Analysis Chart | AAT | US0240131047 | 4-Traders
Full-screen chart
Technical analysis trends AMERICAN ASSETS T...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 46,4 $
Spread / Average Target 1,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ernest Sylvan Rady Chairman, President & Chief Executive Officer
Robert F. Barton CFO, Treasurer, EVP & Head-Investor Relations
Thomas S. Olinger Independent Director
Robert S. Sullivan Independent Director
Larry E. Finger Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN ASSETS TRUST,..19.63%2 083
SIMON PROPERTY GROUP I..16.77%72 557
GENERAL GROWTH PROPERT..17.42%28 218
SCENTRE GROUP LTD28.16%21 441
WESTFIELD CORP LTD12.20%16 653
KIMCO REALTY CORP21.32%13 482
More Results