StartupsSeeking Alphaabout 4 hours ago
American Assets Trust: Hold Rating on Valuation
1 min read
American Assets Trust trades at 18.2x AFFO with flat 2024 FFO guidance of $1.96, $2.10 per share. The 6.5% yield is solid, but high leverage at 6.9x and office exposure limit dividend growth. Multifamily is the lone bright spot while mixed-use and retail underperform.
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