GlobeNewswire Inc | Jan 20, 2021 04:39PM EST

January 20, 2021

SAN DIEGO, Jan. 20, 2021 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the Company) announced today the tax treatment of its 2020 dividend distributions as follows:

Security Descriptions: Common StockCUSIP: 024013104Ticker Symbol: AAT

Record Payable Total Allocable Taxable Return of LT Unrecaptured SectionDate Date Distribution to 2020 Ordinary Capital Capital Section 1250 199A Per Share Dividend Gain Gain Dividends03/12/ 03/26/ $0.30 $0.30 $0.196825 $0.103175 $0.000000 $0.000000 $0.19682520 2006/11/ 06/25/ $0.20 $0.20 $0.131217 $0.068783 $0.000000 $0.000000 $0.13121720 2009/10/ 09/24/ $0.25 $0.25 $0.164021 $0.085979 $0.000000 $0.000000 $0.16402120 2012/10/ 12/24/ $0.25 $0.25 $0.164021 $0.085979 $0.000000 $0.000000 $0.16402120 20Total $1.00 $1.00 $0.656084 $0.343916 $0.000000 $0.000000 $0.656084

The Company did not incur any foreign taxes during 2020. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Companys dividend distributions and the information contained herein.

About American Assets Trust, Inc.

American Assets Trust, Inc.is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered inSan Diego,California. The company has over 50years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughoutthe United Statesin some of the nations most dynamic, high-barrier-to-entry markets primarily inSouthern California,Northern California,Oregon,Washington, TexasandHawaii. The company's office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet. In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 multifamily units. In 2011, the company was formed to succeed to the real estate business ofAmerican Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.

For additional information, please visit www.americanassetstrust.com.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as may, will, should, expects, intends, plans, anticipates, believes, estimates, predicts, or potential or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. Currently, one of the most significant risk factors, is the potential adverse effect of the current COVID-19 pandemic on the financial condition, results of operations, cash flows and performance of the company, its tenants and guests, the real estate market and the global economy and financial markets. The extent to which COVID-19 impacts the company, its tenants and guests will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. For a further discussion of these and other factors that could cause the company's future results to differ materially from any forward-looking statements, see the section entitled Risk Factors in the company's most recent annual report on Form 10-K, and other risks described in documents subsequently filed by the company from time to time with theSecurities and Exchange Commission. The company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

Source: American Assets Trust, Inc.

Investor and Media Contact:

American Assets Trust

Robert F. BartonExecutive Vice President and Chief Financial Officer858-350-2607