American Assets Trust (AAT) investor relations material

Executive summary

• Annual Meeting scheduled for June 1, 2026, with voting on director elections, auditor ratification, and executive compensation advisory vote.

• Proxy materials available online and by mail, with multiple voting methods offered.

• Board and management emphasize alignment with stockholder interests, robust governance, and ongoing ESG initiatives.

Voting matters and shareholder proposals

• Stockholders will vote on electing five directors, ratifying Ernst & Young LLP as auditor for 2026, and an advisory say-on-pay vote for executive compensation.

• Board recommends voting for all proposals.

• No other shareholder proposals or nominations were received for this meeting.

Board of directors and corporate governance

• Board consists of five directors, four of whom are independent; annual elections (no staggered terms).

• Board refreshment includes the nomination of Stuart Tanz, replacing Nina Tran.

• Committees: Audit, Compensation, and Governance, all comprised of independent directors.

• Board and committee meetings held regularly, with high attendance.

• Annual board, committee, and member assessments; succession planning executed with CEO transition in 2025.

• Code of Business Conduct and Ethics and Insider Trading Compliance Program in place.