 SAN DIEGO AP _ American Assets Trust Inc. AAT on Tuesday reported a key measure of profitability in its first quarter. The San Diego-based real estate investment trust said it had funds from operations of 42.8 million, or 56 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of 12.1 million, or 20 cents per share. The real estate investment trust posted revenue of 96.7 million in the period. The companys shares have fallen 37 since the beginning of the year. In the final minutes of trading on Tuesday, shares hit 29.02, a decline of 37 in the last 12 months. ___ This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on AAT at 