2013-01-26 00:23:50 -

Company Release - 1/25/13

SAN DIEGO -American Assets Trust, Inc. (NYSE:AAT) (the "Company") announced
today the tax treatment of its 2012 dividend distributions as follows:

Security Descriptions:   Common Stock
CUSIP:   024013104
Ticker Symbol:   AAT

+--------+--------+------------+---------+---------+---------+---------+------------+
|Record  |Payable |Total       |Allocable|Taxable  |Return of|Long-Term|Unrecaptured|
|Date    |Date    |Distribution|to 2012  |Ordinary |Capital  |Capital  |Section     |
|        |        |Per Share   |         |Dividend |         |Gain     |1250 Gain   |
+--------+--------+------------+---------+---------+---------+---------+------------+
|03/15/12|03/30/12|$0.210000   |$0.210000|$0.141052|$0.068948|$0.000000|$0.000000   |
+--------+--------+------------+---------+---------+---------+---------+------------+
|06/15/12|06/29/12|$0.210000     |$0.210000|$0.141052|$0.068948|$0.000000|$0.000000   |
+--------+--------+------------+---------+---------+---------+---------+------------+
|09/14/12|09/28/12|$0.210000   |$0.210000|$0.141052|$0.068948|$0.000000|$0.000000   |
+--------+--------+------------+---------+---------+---------+---------+------------+
|12/14/12|12/28/12|$0.210000   |$0.210000|$0.141052|$0.068948|$0.000000|$0.000000   |
+--------+--------+------------+---------+---------+---------+---------+------------+
|Total   |        |$0.840000   |$0.840000|$0.564208|$0.275792|$0.000000|$0.000000   |
+--------+--------+------------+---------+---------+---------+---------+------------+

The Company did not incur any foreign taxes during 2012. Stockholders are
encouraged to consult with their personal tax advisors as to their specific tax
treatment of American Assets Trust's dividend distributions.

About American Assets Trust, Inc.

American Assets Trust, Inc. (the "Company") is a full service, vertically
integrated and self-administered real estate investment trust, or REIT,
headquartered in San Diego, California.  For over 40 years, the Company has been
acquiring, improving, developing and managing premier retail, office and
residential properties throughout the United States in some of the nation's most
dynamic, high-barrier-to-entry markets primarily in Southern California,
Northern California, Oregon, Washington and Hawaii. The Company's retail
portfolio comprises approximately 3.1 million rentable square feet, and its
office portfolio comprises approximately 2.6 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 over 900
multifamily units.  In 2011, the Company was formed to succeed to the real
estate business of American 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.  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 annual report on Form 10-K
filed on March 9, 2012 and other risks described in documents subsequently filed
by the Company from time to time with the Securities 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. Barton
Executive Vice President and Chief Financial Officer
858-350-2607




AAT Logo: 
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Source: American Assets Trust, Inc. via Thomson Reuters ONE
[HUG#1673401]