AAT Lifts 2026 FFO Guidance to $2.04–$2.10 After 8.3% Same-Store NOI Growth
AAT sits 20% above its 52-week low of $17.72.
Summary
AAT raised 2026 FFO per diluted share guidance to $2.04–$2.10, a $0.04 bump at the midpoint, alongside Q3 results. Same-store cash NOI rose 8.3% in the quarter, the clearest sign yet that property-level cash flow is accelerating. Liquidity stood at $589.6M as of September 30, and the board declared a $0.34 Q4 dividend. Year-to-date FFO is up $3.5M versus 2025 despite higher interest costs. The lift is modest, but it follows Q2's in-line print and a sustained stretch of insider buying by Executive Chairman Ernest Rady, who has been accumulating shares for months.
At the time of this announcement, AAT was trading at $21.22 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $17.72 to $25.97. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.