Item 2.02 Results of Operations and Financial Condition.




Collections Updates
For the Three-Month Period Ended December 31, 2020
As of January 5, 2021, American Assets Trust, Inc. (the "Company") had billed
its tenants approximately $79.7 million (composed primarily of base rent and
cost reimbursements) for the three-month period ended December 31, 2020 and
collected approximately $72.9 million, or 91.5% thereof, which compares
favorably to the Company's collection performance for the three-month period
ended September 30, 2020. As of that date, the Company had provided
COVID-19-related
adjustments (which includes rent deferrals and other monetary lease concessions)
to its tenants for amounts billed for such period in the amount of approximately
$2.0 million, or 2.5% of the total amount originally billed for such period. As
a result, as of January 5, 2021, the Company had billings of approximately
$4.8 million outstanding for the three-month period ended December 31, 2020,
representing 6.1% of the total amount originally billed for such period.
For the Three-Month Period Ended September 30, 2020
As of December 26, 2020, the Company had billed its tenants approximately
$81.9 million (composed primarily of base rent and cost reimbursements) for the
three-month period ended September 30, 2020 and collected approximately
$73.7 million, or 90.0% thereof, which compares favorably to the Company's
collection performance for the three-month period ended June 30, 2020. As of
that date, the Company had provided
COVID-19-related
adjustments (which includes rent deferrals and other monetary lease concessions)
to its tenants for amounts billed for such period in the amount of approximately
$3.9 million, or 4.8% of the total amount originally billed for such period. As
a result, as of December 26, 2020, the Company had billings of approximately
$4.3 million outstanding for the three-month period ended September 30, 2020,
representing 5.3% of the total amount originally billed for such period.
For the Three-Month Period Ended June 30, 2020
As of August 23, 2020, the Company had billed its tenants approximately
$82.1 million (composed primarily of base rent and cost reimbursements) for the
three-month period ended June 30, 2020 and collected approximately
$68.5 million, or 83.4% thereof. As of that date, the Company had provided
COVID-19-related
adjustments (which includes rent deferrals and other monetary lease concessions)
to its tenants for amounts billed for such period in the amount of approximately
$4.6 million, or 5.6% of the total amount originally billed for such period. As
a result, as of August 23, 2020, the Company had billings of approximately
$9.0 million outstanding for the three-month period ended June 30, 2020,
representing 10.9% of the total amount originally billed for such period.
Additional information regarding the Company's collection performance for the
three-month periods ended June 30, 2020, September 30, 2020 and December 31,
2020 is attached hereto as Exhibit 99.1. Exhibit 99.1 is being furnished
pursuant to Item 2.02 and shall not be deemed "filed" for any purpose, including
for the purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liabilities of that
section. Such information shall not be incorporated by reference into any filing
of the Company, whether made before or after the date hereof, regardless of any
general incorporation language in such filing.

Item 8.01 Other Events.

The information regarding the Company's collection performance for the three-month periods ended June 30, 2020, September 30, 2020 and December 31, 2020 set forth in Item 2.02 above is incorporated herein by reference. --------------------------------------------------------------------------------

Item 9.01 Financial Statements and Exhibits.




 (d) Exhibits

Exhibit
  No.       Description

99.1          Collection Performance Information.

104         Cover Page Interactive Data File (the cover page XBRL tags are
            embedded within the Inline XBRL document).

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