Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-06

AH Realty Trust, Inc. (AHRT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,091,906
Shawn Tibbetts total, FY2025
83rd
CEO pay percentile vs peers
42.12:1
CEO-to-median pay ratio
89.65%
Say-on-pay support, latest vote
Companies that benchmark against AHRT
13 companies name AHRT as a compensation peer

Each company listed discloses AHRT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AHRT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Shawn Tibbetts$672,385$0$4,411,428$0$953,250$0$54,843$6,091,906
Chairman, Chief Executive Officer and President
Matthew Barnes-Smith419,71301,780,9950354,000040,4512,595,159
Chief Financial Officer and Treasurer
Louis Haddad323,18301,623,90400058,0192,005,106
Executive Chairman of the Board
Eric Apperson187,5570320,3820001,349,7881,857,727
President of Construction

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Shawn Tibbetts$6,091,906$1,572,852$1,329,778+4,519,054
Matthew Barnes-Smith2,595,159923,733647,747+1,671,426
Louis Haddad2,005,1062,805,718−800,612
Eric Apperson1,857,727986,577892,646+871,150

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
James A. CarrollDirector2026-06-16A757$7$5,154CommonForm 4 ↗
F. Blair WimbushDirector2026-06-16A2,300715,658CommonForm 4 ↗
Dennis H. GartmanDirector2026-06-16A2,019713,745CommonForm 4 ↗
Lori WittmanDirector2026-06-17A11,69500Derivative, Class A CommonForm 4 ↗
Theodore R. BigmanDirector2026-06-17A11,69500Derivative, Class A CommonForm 4 ↗
F. Blair WimbushDirector2026-06-17A11,69500Derivative, Class A CommonForm 4 ↗
Jennifer R. BoykinDirector2026-06-17A11,69500Derivative, Class A CommonForm 4 ↗
Louis S. HaddadDirector2026-06-17A11,69500CommonForm 4 ↗
James C. CherryDirector2026-06-17A11,69500Derivative, Class A CommonForm 4 ↗
James A. CarrollDirector2026-06-17A11,69500Derivative, Class A CommonForm 4 ↗
James C. CherryDirector2026-07-01D4,98100Derivative, Class A CommonForm 4 ↗
Daniel A. HofflerDirector2026-07-01A4,98100Derivative, Class A CommonForm 4 ↗
Daniel A. HofflerDirector2026-07-01D4,98100Derivative, Class A CommonForm 4 ↗
James A. CarrollDirector2026-07-01A4,98100Derivative, Class A CommonForm 4 ↗
F. Blair WimbushDirector2026-07-01A357.8572,505CommonForm 4 ↗
F. Blair WimbushDirector2026-07-01D4,98100Derivative, Class A CommonForm 4 ↗
F. Blair WimbushDirector2026-07-01A4,98100Derivative, Class A CommonForm 4 ↗
James C. CherryDirector2026-07-01A4,98100Derivative, Class A CommonForm 4 ↗
F. Blair WimbushDirector2026-07-01A529.3373,711CommonForm 4 ↗
James A. CarrollDirector2026-07-01D4,98100Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Matthew Barnes-SmithPSU2024-03-11142424$275,000
Eric AppersonPSU2024-03-11142424225,000
Shelly R. HamptonPSU2024-03-11142424250,000
Shawn TibbettsRSU2025-03-03160,341937,291
Matthew Barnes-SmithRSU2025-03-0364,714450,000
Matthew Barnes-SmithPSU2025-03-0316,50233,00333,00366,006374,914
Shawn TibbettsRSU2025-06-20379,5561,769,865
Shawn TibbettsPSU2025-03-0341,25482,50882,508165,016937,291
Shawn TibbettsRSU2025-03-0393,509792,021
Shawn TibbettsRSU2025-03-03160,3411,162,500
Shawn TibbettsRSU2025-03-03111,386912,251
Shawn TibbettsPSU2025-06-20379,556759,1101,769,865
Matthew Barnes-SmithPSU2025-06-20151,822303,644707,946
Matthew Barnes-SmithRSU2025-03-0348,267395,307
Matthew Barnes-SmithRSU2025-03-0335,753302,828
Matthew Barnes-SmithPSU2025-03-03150,000150,000300,000450,000
Matthew Barnes-SmithRSU2025-03-0364,714374,914
Shawn TibbettsPSU2024-03-11142424725,000
Matthew Barnes-SmithRSU2025-06-20151,822707,946
Shawn TibbettsPSU2025-03-03387,500387,500775,0001,162,500
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Matthew Barnes-Smith$2,230,995$1,807,860$044.8%
Eric Apperson0225,0000100.0%
Shelly R. Hampton0250,0000100.0%
Shawn Tibbetts5,573,9284,594,656045.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Shawn TibbettsPSU41,254$273,101
Matthew Barnes-SmithRSU10,44669,153
Matthew Barnes-SmithRSU64,714428,407
Matthew Barnes-SmithRSU2,99119,800
Shawn TibbettsPSU379,5562,512,661
Shawn TibbettsRSU160,3411,061,457
Shawn TibbettsRSU27,540182,315
Matthew Barnes-SmithPSU16,502109,243
Shawn TibbettsRSU8,39255,555
Matthew Barnes-SmithPSU151,8221,005,062
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee believes that the Company's compensation program for executive officers should: attract and retain highly-qualified executives; motivate these executives to achieve corporate and individual performance objectives and increase stockholder value on an annual and long-term basis; achieve an appropriate balance between risk and reward that does not incentivize excessive risk taking; and reinforce business strategies and objectives and drive sustained stockholder value.

CEO STI target (% of salary)115%
CEO LTI target (% of salary)
Independent consultantFerguson Partners
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1741,684,0174,811,520338,68189.65%Passed
20252025-06-1852,512,1413,239,074235,78394.19%Passed
20242024-06-1252,133,1142,229,758119,89695.9%Passed
20232023-06-1453,099,3202,687,375148,42095.18%Passed
20222022-06-1553,934,2591,914,905122,97196.57%Passed
20212021-06-1648,250,4231,069,96982,89297.83%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1789.65%a
20252025-06-1894.19%b
20242024-06-1295.9%c

a. Approved under the standard stated in the filing — “For purposes of the advisory vote on executive compensation, abstentions and broker non-votes will not be counted a ck outstanding.”.

b. Approved under the standard stated in the filing — “For purposes of the advisory vote on executive compensation, abstentions and broker non-votes will not be counted a ng or if we do not receive sufficient votes in favor of the proposals by the date of the Annual Meeting, the persons named as proxies may propose one or more adjournments of the Annual Meeting to permit solicitation of additional proxies.”.

c. Approved under the standard stated in the filing — “For purposes of the advisory vote on executive compensation, abstentions and broker non-votes will not be counted a common stock outstanding.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)42.12 : 1
CEO total compensation$6,091,906
Median employee compensation$144,645
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Louis S. HaddadEmployee director · Board Chair$323,183$1,623,904$0$58,019$2,005,106
James A. CarrollIndependent · Lead Independent Director · Audit (Chair)56,25067,25100123,501
Daniel A. HofflerNot independent67,50048,50100116,001
Dennis H. GartmanIndependent · Audit55,00055,000003,900113,900
George F. AllenIndependent · Compensation · Nominating and Corporate Governance · Not standing for re-election65,00048,50100113,501
James C. CherryIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance65,00048,50100113,501
Jennifer R. BoykinIndependent · Compensation · Nominating and Corporate Governance · Newly elected42,93148,5010091,432
F. Blair WimbushIndependent · Audit · Nominating and Corporate Governance39,97348,266002,47390,712
Eva S. HardyIndependent · Compensation · Nominating and Corporate Governance · Not standing for re-election · Departed during FY35,00000035,000
John W. SnowIndependent · Departed during FY27,5000001,85829,358
A. Russell KirkIndependent · Not standing for re-election · Departed during FY27,50000027,500
Theodore R. BigmanIndependent · Partial-year service · Newly elected00000
Shawn J. TibbettsEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$55,000
Annual equity retainer$55,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)12,500 / 10,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$804,837
Equity awards (grant-date value)$1,988,425
All other compensation$66,250
Total cost of the board$2,859,512

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies AH Realty Trust, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including AH Realty Trust, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1InvenTrust Properties Corp.2025Daniel Busch$950,000$4,627,084$0$2,012,813$7,597,244
2Acadia Realty Trust2025Kenneth Bernstein850,0003,574,54402,486,8986,922,230
3AH Realty Trust, Inc.2025Shawn Tibbetts672,3854,411,4280953,2506,091,906
4Piedmont Office Realty Trust, Inc.2025C. Brent Smith710,0003,766,34201,250,0005,757,342
5JBG SMITH Properties2025W. Matthew Kelly750,0003,499,99401,260,0005,521,861
6Sila Realty Trust, Inc.2024Michael Seton825,0002,275,00001,949,0635,510,455
7Chatham Lodging Trust2025Jeffrey Fisher670,0002,854,16801,082,0005,222,872
8NETSTREIT Corp.2025Mark Manheimer700,0003,194,41601,253,1755,165,527
9American Assets Trust, Inc.2025Adam Wyll750,0002,228,91601,428,7504,806,038
10CBL & Associates Properties, Inc.2025Stephen Lebovitz719,4421,723,20301,350,7434,604,645
11Alexander & Baldwin, Inc.2024Lance Parker701,2472,282,65301,109,3274,336,581
12Elme Communities2024Paul McDermott750,0002,081,6710990,0003,980,371
13CTO Realty Growth, Inc.2025John Albright870,0001,778,42101,239,7503,905,735
14FrontView REIT, Inc.2025Stephen Preston750,0001,907,5263,439,540
15Curbline Properties Corp.2025David Lukes50,000789,04502,400,0003,279,961
16Centerspace2025Anne Olson600,0001,391,37801,096,3193,105,197
17Whitestone REIT2024David Holeman493,2701,100,0000400,0002,400,145
18Orion Properties Inc.2025Paul McDowell584,000659,9060746,9362,080,319

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
AH Realty Trust, Inc.123%LTIP Units 100Yes — Relative TSR Performance v. Custom Peer GroupFerguson Partners
Acadia Realty Trust145%LTIP Units 100Yes — Relative TSR vs. Nareit Shopping Center IndexFerguson Partners Consulting (FPC)
Alexander & Baldwin, Inc.152%PSU 50 · RSU 50Yes — TSR in Relation to Selected Peer GroupWTW
American Assets Trust, Inc.191%PSU 100Yes — Relative Total Shareholder Return (TSR) vs. S&P 600 Real Estate Indexnot disclosed
CBL & Associates Properties, Inc.129.0%PSU 70 · RSU 30Yes — Relative TSR vs. the Designated IndexFerguson Partners Consulting, L.P.
Centerspace182.7%RSU 50 · PSU 50Yes — TSR relative to FTSE Nareit Equity IndexFerguson Partners Consulting L.P.
Chatham Lodging Trust92%LTIP Units 100Yes — Relative TSR vs. Lodging/Resort REIT constituents of the FTSE Nareit All REITs IndexFerguson Partners Consulting L.P.
CTO Realty Growth, Inc.150%PSU 61 · RSU 39Yes — Relative TSRFerguson Partners Consulting
Curbline Properties Corp.200%LTIP Units 100Yes — Relative TSRGressle & McGinley
Elme Communitiesnot disclosednot disclosednot disclosedFerguson Partners Consulting L.P.
FrontView REIT, Inc.52%RSU 100not disclosedFerguson Partners
InvenTrust Properties Corp.212%RSU 100NoFerguson Partners Consulting
JBG SMITH Properties168%not disclosedNoFerguson Partners Consulting
NETSTREIT Corp.179.0%PSU 60 · RSU 40Yes — Absolute TSRFPC and Farient
Orion Properties Inc.not disclosedPSU 60 · RSU 40Yes — absolute TSR performanceFerguson Partners Consulting L.P.
Piedmont Office Realty Trust, Inc.117%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR) relative to peersFerguson Partners Consulting L.P.
Sila Realty Trust, Inc.175%PSU 50 · RSU 50NoFPC
Whitestone REIT100%PSU 70 · RSU 30NoZayla Partners

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at AH Realty Trust, Inc. in fiscal 2025?
Shawn Tibbetts, serving as Chairman, Chief Executive Officer and President, was the highest-paid executive at AH Realty Trust, Inc. in fiscal 2025, with total compensation of $6,091,906.
How does AH Realty Trust, Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that its chief executive pay fell within the 83rd percentile of its disclosed peer group.
What is AH Realty Trust, Inc.'s CEO-to-median employee pay ratio?
The filing shows a CEO-to-median employee pay ratio of 42.12:1 for AH Realty Trust, Inc.
How did shareholders vote on AH Realty Trust, Inc.'s executive compensation?
Shareholders approved the executive compensation plan with 89.65% support in the latest vote.
How much does AH Realty Trust, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $2,859,512.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Shawn TibbettsDEF 14A2026-04-300001569187-26-000061Section “Summary Compensation Table”. As printed: 6,091,906. Filing ↗machine: span 682444–682453
2Section 01, Matthew Barnes-SmithDEF 14A2026-04-300001569187-26-000061Section “Summary Compensation Table”. As printed: 2,595,159. Filing ↗machine: span 690104–690113
3Section 01, Louis HaddadDEF 14A2026-04-300001569187-26-000061Section “Executive Compensation”. As printed: 2,005,106. Filing ↗
4Section 01, Eric AppersonDEF 14A2026-04-300001569187-26-000061Section “Summary Compensation Table”. As printed: 1,857,727. Filing ↗machine: span 697478–697487
5Section 03, Matthew Barnes-Smith PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
6Section 03, Eric Apperson PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Shelly R. Hampton PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, Shawn Tibbetts RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t104 · r4 · c3 · span 771824–771831
9Section 03, Matthew Barnes-Smith RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t104 · r8 · c3 · span 780167–780173
10Section 03, Matthew Barnes-Smith PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r10 · c20 · span 737180–737187
11Section 03, Shawn Tibbetts RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r3 · c12 · span 719345–719352
12Section 03, Shawn Tibbetts PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r5 · c20 · span 724677–724684
13Section 03, Shawn Tibbetts RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r4 · c18 · span 722528–722535
14Section 03, Shawn Tibbetts RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t104 · r4 · c3 · span 771824–771831
15Section 03, Shawn Tibbetts RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r6 · c18 · span 726648–726655
16Section 03, Shawn Tibbetts PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r3 · c21 · span 720527–720536
17Section 03, Matthew Barnes-Smith PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r8 · c21 · span 732042–732049
18Section 03, Matthew Barnes-Smith RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r11 · c18 · span 739600–739607
19Section 03, Matthew Barnes-Smith RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r9 · c18 · span 734497–734504
20Section 03, Matthew Barnes-Smith PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r4 · c1 · span 604672–604679
21Section 03, Matthew Barnes-Smith RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t104 · r8 · c3 · span 780167–780173
22Section 03, Shawn Tibbetts PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
23Section 03, Matthew Barnes-Smith RSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r8 · c12 · span 730888–730895
24Section 03, Shawn Tibbetts PSUDEF 14A2026-04-300001569187-26-000061Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t86 · r3 · c1 · span 603139–603146
25Section 07, pay ratioDEF 14A2026-04-300001569187-26-000061Section “CEO Pay Ratio”. As printed: 42.12 : 1. Filing ↗machine: span 854603–854613
26Section 08, Louis S. HaddadDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 2,005,106. Filing ↗machine: t57 · r7 · c11 · span 449129–449138
27Section 08, James A. CarrollDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 123,501. Filing ↗machine: t57 · r4 · c10 · span 443601–443608
28Section 08, Daniel A. HofflerDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 116,001. Filing ↗machine: t57 · r9 · c10 · span 451959–451966
29Section 08, Dennis H. GartmanDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 113,900. Filing ↗
30Section 08, George F. AllenDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 113,501. Filing ↗machine: t57 · r2 · c10 · span 440667–440674
31Section 08, James C. CherryDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 113,501. Filing ↗machine: t57 · r5 · c10 · span 445052–445059
32Section 08, Jennifer R. BoykinDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 91,432. Filing ↗machine: t57 · r3 · c10 · span 442150–442156
33Section 08, F. Blair WimbushDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 90,712. Filing ↗
34Section 08, Eva S. HardyDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 35,000. Filing ↗machine: t57 · r8 · c2 · span 449957–449963
35Section 08, John W. SnowDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 29,358. Filing ↗
36Section 08, A. Russell KirkDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 27,500. Filing ↗machine: t57 · r10 · c2 · span 452788–452794
37Section 08, Theodore R. BigmanDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 0. Filing ↗
38Section 08, Shawn J. TibbettsDEF 14A2026-04-300001569187-26-000061Section “Director Compensation”. As printed: 0. Filing ↗
39Section 02, James A. Carroll 2026-06-16Form 42026-06-180001569187-26-000086Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, F. Blair Wimbush 2026-06-16Form 42026-06-180001569187-26-000084Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Dennis H. Gartman 2026-06-16Form 42026-06-180001569187-26-000088Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Lori Wittman 2026-06-17Form 42026-06-220001569187-26-000112Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Theodore R. Bigman 2026-06-17Form 42026-06-220001569187-26-000116Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, F. Blair Wimbush 2026-06-17Form 42026-06-220001569187-26-000097Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Jennifer R. Boykin 2026-06-17Form 42026-06-300001569187-26-000124Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Louis S. Haddad 2026-06-17Form 42026-06-220001569187-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, James C. Cherry 2026-06-17Form 42026-06-220001569187-26-000099Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, James A. Carroll 2026-06-17Form 42026-06-220001569187-26-000104Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, James C. Cherry 2026-07-01Form 42026-07-060001569187-26-000131Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Daniel A. Hoffler 2026-07-01Form 42026-07-060001569187-26-000130Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Daniel A. Hoffler 2026-07-01Form 42026-07-060001569187-26-000130Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, James A. Carroll 2026-07-01Form 42026-07-060001569187-26-000133Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, F. Blair Wimbush 2026-07-01Form 42026-07-060001569187-26-000132Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, F. Blair Wimbush 2026-07-01Form 42026-07-060001569187-26-000132Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, F. Blair Wimbush 2026-07-01Form 42026-07-060001569187-26-000132Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, James C. Cherry 2026-07-01Form 42026-07-060001569187-26-000131Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, F. Blair Wimbush 2026-07-01Form 42026-07-060001569187-26-000132Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, James A. Carroll 2026-07-01Form 42026-07-060001569187-26-000133Insider equity transaction reported since the proxy statement. Filing ↗
59Section 06, 2026 voteForm 8-K2026-06-220001569187-26-000095Item 5.07 · say-on-pay result. As reported: 89.65% (votes for as printed: 41,684,017). Filing ↗
60Section 06, 2025 voteForm 8-K2025-06-180001569187-25-000087Item 5.07 · say-on-pay result. As reported: 94.19% (votes for as printed: 52,512,141). Filing ↗
61Section 06, 2024 voteForm 8-K2024-06-120001569187-24-000079Item 5.07 · say-on-pay result. As reported: 95.9% (votes for as printed: 52,133,114). Filing ↗
62Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
63Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
64Section 09b board cost (computed)ComputedcomputedCash 804,837 + equity 1,988,425 + all other 66,250 = 2,859,512, summed across the director compensation table rows.machine: formula: Σ = 2,859,512
65InvenTrust Properties Corp., Section 10b CEO totalDEF 14A2026-03-190001307748-26-000097CEO total compensation as printed in InvenTrust Properties Corp.'s own proxy. As printed: 7,597,244. Filing ↗machine: t86 · r3 · c7 · span 1486834–1486843
66Acadia Realty Trust, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134606CEO total compensation as printed in Acadia Realty Trust's own proxy. As printed: 6,922,230. Filing ↗machine: span 777495–777504
67AH Realty Trust, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-300001569187-26-000061CEO total compensation as printed in AH Realty Trust, Inc.'s own proxy. As printed: 6,091,906. Filing ↗machine: span 682444–682453
68Piedmont Office Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-180001174947-26-000393CEO total compensation as printed in Piedmont Office Realty Trust, Inc.'s own proxy. As printed: 5,757,342. Filing ↗machine: r1 · c6 · span 848772–848781
69JBG SMITH Properties, Section 10b CEO totalDEF 14A2026-03-180001104659-26-030932CEO total compensation as printed in JBG SMITH Properties's own proxy. As printed: 5,521,861. Filing ↗machine: t286 · r3 · c17 · span 1302909–1302918
70Sila Realty Trust, Inc., Section 10b CEO totalDEF 14A2025-04-040001567925-25-000036CEO total compensation as printed in Sila Realty Trust, Inc.'s own proxy. As printed: 5,510,455. Filing ↗machine: span 1479805–1479814
71Chatham Lodging Trust, Section 10b CEO totalDEF 14A2026-03-310001437749-26-010650CEO total compensation as printed in Chatham Lodging Trust's own proxy. As printed: 5,222,872. Filing ↗machine: span 588604–588614
72NETSTREIT Corp., Section 10b CEO totalDEF 14A2026-04-010001628280-26-022557CEO total compensation as printed in NETSTREIT Corp.'s own proxy. As printed: 5,165,527. Filing ↗machine: r2 · c13 · span 1458631–1458640
73American Assets Trust, Inc., Section 10b CEO totalDEF 14A2026-04-100001500217-26-000023CEO total compensation as printed in American Assets Trust, Inc.'s own proxy. As printed: 4,806,038. Filing ↗machine: r5 · c54 · span 545070–545079
74CBL & Associates Properties, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170410CEO total compensation as printed in CBL & Associates Properties, Inc.'s own proxy. As printed: 4,604,645. Filing ↗machine: r9 · c7 · span 1116408–1116417
75Alexander & Baldwin, Inc., Section 10b CEO totalDEF 14A2025-03-110001545654-25-000011CEO total compensation as printed in Alexander & Baldwin, Inc.'s own proxy. As printed: 4,336,581. Filing ↗machine: r2 · c30 · span 672575–672584
76Elme Communities, Section 10b CEO totalDEF 14A2025-04-170000104894-25-000041CEO total compensation as printed in Elme Communities's own proxy. As printed: 3,980,371. Filing ↗machine: r3 · c27 · span 631991–632000
77CTO Realty Growth, Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050405CEO total compensation as printed in CTO Realty Growth, Inc.'s own proxy. As printed: 3,905,735. Filing ↗machine: t23 · r1 · c35 · span 620653–620662
78FrontView REIT, Inc., Section 10b CEO totalDEF 14A2026-04-170001193125-26-161511CEO total compensation as printed in FrontView REIT, Inc.'s own proxy. As printed: 3,439,540. Filing ↗machine: r2 · c21 · span 472537–472546
79Curbline Properties Corp., Section 10b CEO totalDEF 14A2026-03-240001193125-26-120603CEO total compensation as printed in Curbline Properties Corp.'s own proxy. As printed: 3,279,961. Filing ↗machine: t45 · r7 · c30 · span 1125424–1125433
80Centerspace, Section 10b CEO totalDEF 14A2026-04-030000798359-26-000029CEO total compensation as printed in Centerspace's own proxy. As printed: 3,105,197. Filing ↗machine: t47 · r7 · c7 · span 589259–589268
81Whitestone REIT, Section 10b CEO totalDEF 14A2025-04-040001437749-25-011049CEO total compensation as printed in Whitestone REIT's own proxy. As printed: 2,400,145. Filing ↗machine: span 932008–932017
82Orion Properties Inc., Section 10b CEO totalDEF 14A2026-03-200001873923-26-000073CEO total compensation as printed in Orion Properties Inc.'s own proxy. As printed: 2,080,319. Filing ↗machine: r4 · c39 · span 433823–433832
83Section 10a, Orion Properties Inc. reciprocityDEF 14A0001873923-26-000073Orion Properties Inc.'s most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
84Section 10a, Chatham Lodging Trust reciprocityDEF 14A0001437749-26-010650Chatham Lodging Trust's most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
85Section 10a, NETSTREIT Corp. reciprocityDEF 14A0001628280-26-022557NETSTREIT Corp.'s most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
86Section 10a, Whitestone REIT reciprocityDEF 14A0001437749-25-011049Whitestone REIT names AH Realty Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, Sila Realty Trust, Inc. reciprocityDEF 14A0001567925-25-000036Sila Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
88Section 10a, CTO Realty Growth, Inc. reciprocityDEF 14A0001104659-26-050405CTO Realty Growth, Inc. names AH Realty Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
89Section 10a, Acadia Realty Trust reciprocityDEF 14A0001193125-26-134606Acadia Realty Trust's most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
90Section 10a, American Assets Trust, Inc. reciprocityDEF 14A0001500217-26-000023American Assets Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
91Section 10a, Curbline Properties Corp. reciprocityDEF 14A0001193125-26-120603Curbline Properties Corp.'s most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
92Section 10a, Alexander & Baldwin, Inc. reciprocityDEF 14A0001545654-25-000011Alexander & Baldwin, Inc.'s most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
93Section 10a, CBL & Associates Properties, Inc. reciprocityDEF 14A0001193125-26-170410CBL & Associates Properties, Inc. names AH Realty Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
94Section 10a, JBG SMITH Properties reciprocityDEF 14A0001104659-26-030932JBG SMITH Properties's most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
95Section 10a, Elme Communities reciprocityDEF 14A0000104894-25-000041Elme Communities's most recent proxy was read; its disclosed peer group does not include AH Realty Trust, Inc.. Filing ↗
96Section 10a, Piedmont Office Realty Trust, Inc. reciprocityDEF 14A0001174947-26-000393Piedmont Office Realty Trust, Inc. names AH Realty Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗