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American Assets Trust
-6.66%
Real estate / REIT
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American Assets Trust is a real estate investment trust (REIT) that focuses on acquiring, developing, and managing high-quality retail, office, and residential properties primarily in the Western United States. The company was founded in 1967 and is headquartered in San Diego, California.
American Assets Trust's portfolio includes over 50 properties spanning more than 4.9 million square feet of commercial space and over 2,600 residential units across major metropolitan markets such as San Diego, San Francisco, Portland, and Seattle. The company's properties are mainly located in affluent and high-growth areas, and include mixed-use properties, lifestyle centers, and office buildings.
The company has a strong commitment to sustainability and has implemented various eco-friendly practices in its properties, such as energy-efficient upgrades and LEED certification. It also works closely with local communities to create desirable and sustainable places to live and work.
American Assets Trust is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol AAT. The company has a market capitalization of over $2 billion and is consistently ranked as one of the top REITs in the country.
In addition to its core real estate operations, American Assets Trust also engages in charitable and philanthropic initiatives through its American Assets Trust Foundation, which supports organizations focused on education, health and human services, and the arts.
American Assets Trust's portfolio includes over 50 properties spanning more than 4.9 million square feet of commercial space and over 2,600 residential units across major metropolitan markets such as San Diego, San Francisco, Portland, and Seattle. The company's properties are mainly located in affluent and high-growth areas, and include mixed-use properties, lifestyle centers, and office buildings.
The company has a strong commitment to sustainability and has implemented various eco-friendly practices in its properties, such as energy-efficient upgrades and LEED certification. It also works closely with local communities to create desirable and sustainable places to live and work.
American Assets Trust is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol AAT. The company has a market capitalization of over $2 billion and is consistently ranked as one of the top REITs in the country.
In addition to its core real estate operations, American Assets Trust also engages in charitable and philanthropic initiatives through its American Assets Trust Foundation, which supports organizations focused on education, health and human services, and the arts.
What is special about the company?
1. Focus on sustainability: American Assets Trust prioritizes sustainability and environmental responsibility in all its developments and operations. The company has set a goal to reduce energy consumption, waste generation, and water use in its properties by 20% by 2024.
2. Diversified portfolio: The company has a diverse portfolio spread across different markets in the United States, including California, Hawaii, Oregon, and Washington. This diversity helps mitigate risks and provides stability in the real estate market.
3. Stability and longevity: American Assets Trust has been in operation for over half a century and has a strong track record of successful real estate investments. This longevity demonstrates the company's stability and resilience in varying economic conditions.
4. Prime locations: The company's properties are located in high-demand, prime locations, such as San Diego and the Bay Area in California, which have strong growth potential and high occupancy rates.
5. Strong financial performance: American Assets Trust has consistently delivered strong financial results, with a steady increase in revenue and net income over the years. This performance has been recognized by various industry experts and publications.
6. Commitment to communities: The company is committed to the communities in which it operates and actively engages in philanthropic efforts, including supporting affordable housing initiatives and local charities.
7. Experienced leadership: American Assets Trust is led by an experienced management team with a proven track record in real estate investment and development.
8. Tenant-focused approach: The company has a tenant-focused approach, providing top-quality amenities and services to its tenants, resulting in long-term, satisfied tenants.
9. Innovation: American Assets Trust embraces innovation and technology to improve its operations and enhance the tenant experience. This includes implementing sustainable building practices and utilizing data and analytics to optimize its properties.
10. Strong corporate governance: The company has a strong commitment to transparency and ethical business practices, with a focus on maintaining a diverse and independent board of directors.
2. Diversified portfolio: The company has a diverse portfolio spread across different markets in the United States, including California, Hawaii, Oregon, and Washington. This diversity helps mitigate risks and provides stability in the real estate market.
3. Stability and longevity: American Assets Trust has been in operation for over half a century and has a strong track record of successful real estate investments. This longevity demonstrates the company's stability and resilience in varying economic conditions.
4. Prime locations: The company's properties are located in high-demand, prime locations, such as San Diego and the Bay Area in California, which have strong growth potential and high occupancy rates.
5. Strong financial performance: American Assets Trust has consistently delivered strong financial results, with a steady increase in revenue and net income over the years. This performance has been recognized by various industry experts and publications.
6. Commitment to communities: The company is committed to the communities in which it operates and actively engages in philanthropic efforts, including supporting affordable housing initiatives and local charities.
7. Experienced leadership: American Assets Trust is led by an experienced management team with a proven track record in real estate investment and development.
8. Tenant-focused approach: The company has a tenant-focused approach, providing top-quality amenities and services to its tenants, resulting in long-term, satisfied tenants.
9. Innovation: American Assets Trust embraces innovation and technology to improve its operations and enhance the tenant experience. This includes implementing sustainable building practices and utilizing data and analytics to optimize its properties.
10. Strong corporate governance: The company has a strong commitment to transparency and ethical business practices, with a focus on maintaining a diverse and independent board of directors.
What the company's business model?
The American Assets Trust company is a real estate investment trust (REIT) that owns, operates, and develops high-quality retail, office, residential, and mixed-use properties primarily in growing, high-barrier-to-entry markets in the Western United States. Their business model is focused on acquiring and managing properties with strong cash flow potential in markets with attractive demographics and long-term growth potential. They also seek to create value by investing in strategic capital improvements, tenant retention efforts, and proactive leasing strategies. Additionally, the company aims to maintain a strong balance sheet and conservatively manage its debt and liquidity. Overall, their goal is to generate sustainable, growing cash flows for shareholders through a diversified portfolio of high-quality properties.
Interesting facts about the company
1. American Assets Trust (AAT) is a real estate investment trust (REIT) that owns, operates, and develops commercial properties primarily located in coastal, high-growth markets in the United States.
2. The company was founded in 1967 under the name American Assets Inc. by Ernest Rady, who is currently the chairman of the board.
3. AAT went public in 2011 and is listed on the New York Stock Exchange under the ticker symbol AAT.
4. AAT has a diverse portfolio of over 5 million square feet of retail, office, and mixed-use properties primarily located in California, Hawaii, Oregon, and Washington.
5. AAT focuses on acquiring high-quality properties in prime locations with strong tenant demand and long-term tenant leases.
6. AAT’s portfolio includes iconic properties such as the Torrey Reserve campus in San Diego, California, and the 21-acre lot Pacific Ridge in coastal Newport Beach, California.
7. In 2019, AAT was named one of the Best Places to Work in San Diego by the San Diego Business Journal.
8. AAT is committed to sustainability and has implemented green initiatives such as solar panels, LED lighting, and water conservation programs in many of its properties.
9. AAT is also dedicated to giving back to the community and has a long history of supporting local charities and organizations through donations and volunteer work by its employees.
10. The company has received numerous awards and recognition for its financial performance, corporate governance, and community involvement.
See Company Due Diligence:
2. The company was founded in 1967 under the name American Assets Inc. by Ernest Rady, who is currently the chairman of the board.
3. AAT went public in 2011 and is listed on the New York Stock Exchange under the ticker symbol AAT.
4. AAT has a diverse portfolio of over 5 million square feet of retail, office, and mixed-use properties primarily located in California, Hawaii, Oregon, and Washington.
5. AAT focuses on acquiring high-quality properties in prime locations with strong tenant demand and long-term tenant leases.
6. AAT’s portfolio includes iconic properties such as the Torrey Reserve campus in San Diego, California, and the 21-acre lot Pacific Ridge in coastal Newport Beach, California.
7. In 2019, AAT was named one of the Best Places to Work in San Diego by the San Diego Business Journal.
8. AAT is committed to sustainability and has implemented green initiatives such as solar panels, LED lighting, and water conservation programs in many of its properties.
9. AAT is also dedicated to giving back to the community and has a long history of supporting local charities and organizations through donations and volunteer work by its employees.
10. The company has received numerous awards and recognition for its financial performance, corporate governance, and community involvement.
See Company Due Diligence:
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