American Assets Trust, Inc. (AAT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to turn the call over to Meliana Leverton, Associate General Counsel of American Assets Trust. Please go ahead. Thank you and good morning. The statements made on this earnings call include forward-looking statements based on current expectations, which statements are subject to risks and uncertainties discussed in the company's filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements as actual events could cause the company's results to differ materially from these forward-looking statements. Yesterday afternoon, American Assets Trust's earnings release and supplemental information were furnished to the SEC on Form 8K. Both are now available on the Investors section of its website, AmericanAssetsTrust.com. It is now my pleasure to turn the call over to Adam Lyle, President and CEO of American Assets Trust. Good morning, and thank you for joining us today. I want to begin by expressing my appreciation for your continued engagement and support. We're operating in an increasingly complex and unpredictable environment, and your trust in our team and strategy means a great deal. We remain grounded in our long-term approach, one centered on thoughtful capital allocation, operational discipline, and an enduring commitment to shareholder value. While market volatility and macroeconomic uncertainty continue to shape the landscape, we view this period as one that also presents meaningful opportunity. Our portfolio, with its geographic concentration and high growth supply-constrained coastal markets, and its mix of office, retail, and multifamily assets, is built to weather cycles and emerge stronger through them. But let's acknowledge the current reality. The world is absorbing the new administration's policies. ...