American Assets Trust (AAT) lowers dividend.

American Assets Trust (AAT) announced today that it has lowered its quarterly dividend from $0.30/share to $0.20/share, commencing with the 2Q'20 dividend.  The company noted that the dividend decrease was in response to uncertainties created by the COVID-19 pandemic.  AAT also withdrew its full year 2020 guidance.

As of April 27, 2020, the company had collected 94% of its monthly office rents, 47% of retail rents and 94% of multifamily rents.

American Assets Trust, Inc. (AAT) is a diversified equity REIT focusing on high-barrier locations along the West Coast. Key markets for AAT include San Francisco, Seattle, Portland, San Diego and Oahu. AAT has a total market capitalization of approximately $3.2 billion and trades as a component of the S&P SmallCap 600 index.