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AMERICAN ASSETS TRUST American Assets Trust , Inc. Reports Third Quarter 2021 Financial Results Net income available to common stockholders of $ 10.0 million and $ 20.2 million for the three and nine months ended September 30 , 2021 , respectively , or $ 0.17 and $ 0.34 per diluted share , respectively Funds From Operations per diluted share increased 30 % and decreased 1 % year - over - year for the three and nine months ended September 30 , 2021 , respectively , or $ 0.57 and $ 1.46 per diluted share , respectively Acquisition of Eastgate Office Park and Corporate Campus East III in Bellevue , Washington for approximately $ 125 million and $ 84 million , respectively . SAN DIEGO , California - 10/26/2021 - American Assets Trust , Inc. ( NYSE : AAT ) ( the " company " ) today reported financial results for its third quarter ended September 30 , 2021 . Third Quarter Highlights Net income available to common stockholders of $ 10.0 million and $ 20.2 million for the three and nine months ended September 30 , 2021 , respectively , or $ 0.17 and $ 0.34 per diluted share , respectively . ● Funds From Operations increased 30 % and decreased 1 % year - over - year to $ 0.57 and $ 1.46 per diluted share for the three and nine months ended September 30 , 2021 , respectively , compared to the same periods in 2020 . Same - store cash NOI increased 14.3 % and 9.0 % year - over - year for the three and nine months ended September 30 , 2021 , respectively . Excluding lease termination fees , same - store cash NOI would have been 16.6 % and 9.8 % for the three and nine months ended September 30 , 2021 , respectively . Introducing 2021 annual guidance midpoint of $ 1.92 with a range of $ 1.91 to $ 1.93 of FFO per diluted share . For the three months ended September 30 , 2021 , we have collected 99 % of office rents , 94 % of retail rents ( including the retail component of Waikiki Beach Walk ) and 93 % of multifamily rents , that were due during the third quarter . Total collections increased to 96 % in the third quarter of 2021 . Leased approximately 9,000 comparable office square feet at an average straight - line basis and cash - basis contractual rent increase of 14 % and increase of 8 % , respectively , during the three months ended September 30 , 2021 . Leased approximately 117,000 comparable retail square feet at an average straight - line basis and cash - basis contractual rent increase of 7 % and decrease of 2 % , respectively , during the three months ended September 30 , 2021 . Acquisition Highlights Acquired Eastgate Office Park on July 7 , 2021 , consisting of an approximately 280,000 square foot , multi - tenant office campus in the premier l - 90 corridor submarket of Bellevue , Washington for $ 125 million . Acquired Corporate Campus East III on September 10 , 2021 , consisting of an approximately 161,000 square foot , multi - tenant office campus , less than five minutes away from downtown Bellevue , Washington for approximately $ 84 million . Financial Results Net income attributable to common stockholders was $ 10.0 million , or $ 0.17 per basic and diluted share for the three months ended September 30 , 2021 compared to $ 5.0 million , or $ 0.08 per basic and diluted share for the three months ended September 30 , 2020. For the nine months ended September 30 , 2021 , net income attributed to 1