10. Joel Marcus, Alexandria Real Estate Equities Inc.
At number 10, Joel Marcus, of Alexandria Real Estate Equities, an urban office REIT, received an $11.3 million total executive compensation package last year. This included $7.4 million in restricted stock awards.
9. John Kilroy, Kilroy Realty Corp.
Ninth is John Kilroy, of Kilroy Realty Corp., who also earned over $11.3 million in total compensation. Kilroy received the highest non-equity incentive plan compensation of the group at $3.8 million.
8. James Taiclet, American Tower Corp.
American Tower Corp.’s James Taiclet, standing at number eight, earned an $11.8 million total compensation package last year, 2.9 percent lower than in 2015. The deal included nearly $9 million in restricted stock awards.
7. Stephen Smith, Equinix Inc.
Seventh on the list is Stephen Smith, of Equinix, which specializes in data centers. Smith received just over $12 million in 2016 for his total compensation. In 2015, Smith’s total compensation was $11.1 million.
6. Sandeep Mathrani, GGP Inc.
In 2016, Sandeep Mathrani, of GGP Inc., a retail property specialist, brought in over $12.7 million total. This marked a big pay cut for Mathrani, whose compensation in 2015 totaled $39.2 million.
5. David Simon, Simon Property Group Inc.
At number five, Simon Property Group’s David Simon received a nearly $13.2 million compensation package in 2016. This included about $9.5 million in restricted stock awards and a $2.5 million bonus—the highest of the top 10.
4. Arthur Coppola, The Macerich Co.
Arthur Coppola, of The Macerich Co., a mall REIT, received a total compensation package of $13.5 million, making him the fourth-highest paid public REIT executive. The package included almost $12.3 million in restricted stock awards.
3. Thomas DeRosa, Welltower Inc.
Standing at number three, Welltower’s Thomas DeRosa in 2016 had a total compensation of $13.7 million, though in 2015 he received just under $11 million. The 2016 package included $1.8 million in non-equity incentive plan compensation and over $10.2 million in restricted stock awards.
2. Hamid R. Moghadam, Prologis Inc.
Second in the rankings is Hamid Moghadam, of Prologis, a logistics real estate specialist. Moghadam’s total compensation package last year was $15.5 million, which included a $2.3-million-bonus—Moghadam was the second of two top-10 executives to get one—and $12.1 million in restricted stock awards. In 2015, he received, in total, just under $15 million.
1. Marc Holliday, SL Green Realty Corp.
At the top of the pack is Marc Holliday, of SL Green Realty Corp., with a $17.3 million compensation package. It’s a cut from the $23 million he received in 2015, but it has earned him the title of the highest-paid public REIT CEO in the United States.
