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Exhibit 21.1

Subsidiaries of American Assets Trust, Inc.

The following list sets forth American Assets Trust, Inc.'s subsidiaries as of December 31, 2025.

Name
						Jurisdiction of Formation/Incorporation
AAT Alamo Quarry, LLC						Delaware
AAT Bel-Spring 520, LLC						Delaware
AAT CC Bellevue, LLC						Delaware
AAT CCE III Bellevue, LLC						Delaware
AAT Del Monte, LLC						Delaware
AAT Eastgate, LLC						Delaware
AAT Gateway Marketplace, LLC						Delaware
AAT Geary Marketplace, LLC						Delaware
AAT Genesee Park, LLC						Delaware
AAT La Jolla Commons 3, LLC						Delaware
AAT La Jolla Commons, LLC						Delaware
AAT Lloyd District, LLC						Delaware
AAT One Beach, LLC						Delaware
AAT Oregon Office I, LLC						Delaware
AAT Pacific Ridge, LLC						Delaware
AAT Torrey 13-14, LLC						Delaware
AAT Torrey Plaza, LLC						Delaware
AAT Torrey Point, LLC						Delaware
AAT Torrey Reserve 5, LLC						Delaware
AAT Torrey Reserve 6, LLC						Delaware
AAT Waikele Center, LLC						Delaware
ABW 2181 Holdings, LLC						Hawaii
ABW Holdings, LLC						Delaware
ABW Lewers, LLC						Hawaii
American Assets Services, Inc.						Delaware
American Assets Trust Management, LLC						Delaware
American Assets Trust, LP						Maryland
Beach Walk Holdings, LLC						Delaware
Broadway 225 Sorrento Holdings, LLC						Delaware
Broadway 225 Stonecrest Holdings, LLC						Delaware
Carmel Country Plaza, LP						California
Carmel Mountain Pad, LLC						California
EBW Hotel, LLC						Hawaii
ICW Café Lessee, LLC						Delaware
ICW Plaza Merger Sub, LLC						Delaware
Imperial Strand Holdings, LLC						Delaware
Landmark FireHill Holdings, LLC						Delaware
Landmark Venture Holdings, LLC						Delaware
Landmark Venture JV, LLC						Delaware
Lloyd District TRS, LLC						Delaware
Loma Palisades CA general partnership						California
Loma Palisades GP LLC						Delaware
Mariner's Point Holdings, LLC						Delaware

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Name
						Jurisdiction of Formation/Incorporation
Pacific Carmel Mountain Assets, LLC						Delaware
Pacific Carmel Mountain Holdings, LP						California
Pacific Del Mar Assets, LLC						Delaware
Pacific Firecreek Holdings, LLC						Delaware
Pacific North Court GP, LLC						Delaware
Pacific North Court Holdings, LP						California
Pacific Santa Fe Assets, LLC						Delaware
Pacific Santa Fe Holdings, LP						California
Pacific Solana Beach Assets, LLC						Delaware
Pacific Solana Beach Holdings, LP						California
Pacific South Court Assets, LLC						Delaware
Pacific South Court Holdings, LP						California
Pacific Torrey Daycare Assets, LLC						Delaware
Pacific Torrey Daycare Holdings, LP						California
Pacific VC Holdings, LLC						Delaware
Pacific Waikiki Assets, LLC						Delaware
Pacific Waikiki Holdings, LP.						California
SB Corporate Centre III-IV, LLC						Delaware
SB Corporate Centre, LLC						California
SB Towne Centre, LLC						California
SBCC Holdings, LLC						Delaware
SBTC Holdings, LLC						Delaware
Southbay Marketplace Holdings, LLC						Delaware
Waikele Venture Holdings, LLC						Delaware
WBW Hotel Lessee, LLC						Delaware