Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-07

Terreno Realty (TRNO)

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.

$5,413,998
Michael A. Coke total, FY2025
President, Co-Founderhighest-paid officer; CEO W. Blake Baird: $5,413,998
24th
CEO (W. Blake Baird) pay percentile vs peers
17.2:1
CEO-to-median pay ratio
98.2%
Say-on-pay support, latest vote
Companies that benchmark against TRNO
13 companies name TRNO as a compensation peer

Each company listed discloses TRNO 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 TRNO 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
Michael A. Coke$800,000$0$4,603,498$0$0$0$10,500$5,413,998
President, Co-Founder
W. Blake Baird800,00004,603,49800010,5005,413,998
Chairman and Chief Executive Officer, Co-Founder
Jaime J. Cannon420,00002,001,5840425,000010,5002,857,084
Executive Vice President, Chief Financial Officer and Secretary
John T. Meyer420,00002,001,5840425,000010,5002,857,084
Executive Vice President, Chief Operating Officer

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
Michael A. Coke$5,413,998$5,308,325$5,046,801+105,673
W. Blake Baird5,413,9985,308,3255,046,801+105,673
Jaime J. Cannon2,857,0842,814,959+42,125
John T. Meyer2,857,0842,814,959+42,125

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
Paul J. Donahue, JrDirector2026-05-05A2,462$0$0CommonForm 4 ↗
Irene H. OhDirector2026-05-05A2,46200CommonForm 4 ↗
Gary N. BostonDirector2026-05-05A2,46200CommonForm 4 ↗
LeRoy E. CarlsonDirector2026-05-05A2,46200CommonForm 4 ↗
Constance von MuehlenDirector2026-05-05A2,46200CommonForm 4 ↗
Douglas M. PasqualeDirector2026-05-05A2,46200CommonForm 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
Michael A. CokePSU2025-01-0820,41540,83040,830122,490$3,003,455
Jaime J. CannonPSU2025-01-088,50717,01417,01451,0421,251,550
John T. MeyerPSU2025-01-088,50717,01417,01451,0421,251,550
Jaime J. CannonRSU2025-08-0513,519750,034
W. Blake BairdPSU2025-01-0820,41540,83040,830122,4903,003,455
W. Blake BairdRSU2025-08-0528,8401,600,043
Michael A. CokeRSU2025-08-0528,8401,600,043
John T. MeyerRSU2025-08-0513,519750,034
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael A. Coke$1,600,043$3,003,455$065.2%
Jaime J. Cannon750,0341,251,550062.5%
John T. Meyer750,0341,251,550062.5%
W. Blake Baird1,600,0433,003,455065.2%

% 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
Jaime J. CannonRSU15,132$888,400
Jaime J. CannonRSU8,220446,099
W. Blake BairdRSU14,663860,865
Jaime J. CannonRSU17,014998,892
Jaime J. CannonRSU7,332430,462
Michael A. CokeRSU16,440892,199
W. Blake BairdRSU29,8901,754,842
Michael A. CokeRSU40,8302,397,129
Michael A. CokeRSU36,6322,150,665
W. Blake BairdRSU28,9441,699,302
W. Blake BairdRSU28,8401,693,196
Michael A. CokeRSU25,4891,496,459
W. Blake BairdRSU24,2281,422,426
John T. MeyerRSU17,014998,892
W. Blake BairdRSU16,440892,199
Jaime J. CannonRSU13,519793,700
John T. MeyerRSU13,519793,700
Jaime J. CannonRSU12,864755,245
John T. MeyerRSU12,864755,245
John T. MeyerRSU11,957701,995
John T. MeyerRSU11,046648,511
John T. MeyerRSU11,357666,769
W. Blake BairdRSU36,6322,150,665
John T. MeyerRSU8,220446,099
John T. MeyerRSU7,332430,462
W. Blake BairdRSU25,4891,496,459
Michael A. CokeRSU14,663860,865
W. Blake BairdRSU40,8302,397,129
Michael A. CokeRSU29,8901,754,842
Michael A. CokeRSU28,9441,699,302
Michael A. CokeRSU28,8401,693,196
Michael A. CokeRSU24,2281,422,426
John T. MeyerRSU15,132888,400
Jaime J. CannonRSU11,957701,995
Jaime J. CannonRSU11,357666,769
Jaime J. CannonRSU11,046648,511
05

Incentive-plan design — the Compensation Discussion & Analysis

The principal objectives of our executive compensation programs are to: align the interests of our executives and our stockholders by motivating our executives to increase stockholder value and rewarding our executives when stockholder value increases; motivate our executives to manage our business to meet our near-, medium-, and long-term objectives and reward them for meeting these objectives and for exceptional performance; assist in attracting and retaining talented and well-qualified executives; be competitive with other industrial real estate investment trusts

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantnot disclosed
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0599,590,9131,828,91130,12398.2%Passed
20252025-05-0694,621,8813,975,79218,50095.97%Passed
20242024-05-0783,124,5801,466,16420,56698.27%Passed
20232023-05-0271,845,2145,082,44618,10793.39%Passed
20222022-05-0365,391,9824,298,35211,50693.83%Passed
20212021-05-0460,176,6954,468,01622,68393.09%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
20262026-05-0598.2%a
20252025-05-0695.97%b
20242024-05-0798.27%c

a. Approved under the standard stated in the filing — “With respect to Proposals 1, 2 and 3, abstentions and broker non-votes are not counted as votes cast and will have no effect on the result of the vote.”.

b. Approved under the standard stated in the filing — “With respect to Proposals 1, 2, 3 and 4, abstentions and broker non-votes are not counted as votes cast and will have no effect on the result of the vote.”.

c. Approved under the standard stated in the filing — “For purposes of the vote on Proposal 3, abstentions are not counted as votes cast and will have no effect on the result of the vote.”.

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)17.2 : 1
CEO total compensation$5,413,998
Median employee compensation$314,660
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Constance von MuehlenIndependent · Audit · Compensation · Nominating and Corporate Governance$65,000$160,006$0$0$0$225,006
LeRoy E. CarlsonIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair)65,000160,006000225,006
Gary N. BostonIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance65,000160,006000225,006
Irene H. OhIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance65,000160,006000225,006
Douglas M. PasqualeIndependent · Lead Independent Director · Audit · Compensation · Nominating and Corporate Governance65,000160,006000225,006
Paul J. Donahue, JrIndependent · Audit · Compensation · Nominating and Corporate Governance · Partial-year service · Newly elected11,66700011,667
Michael A. CokeEmployee director00000
W. Blake BairdEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$55,000
Annual equity retainer$125,007
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline$200,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$336,667
Equity awards (grant-date value)$800,030
All other compensation$0
Total cost of the board$1,136,697

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 Terreno Realty 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 Terreno Realty.

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
1Rexford Industrial Realty, Inc.2025Howard Schwimmer$1,000,000$24,856,439$0$0$25,892,687
2National Storage2025Joseph Margolis940,00011,138,71501,616,21314,186,887
3Agree Realty Corp2025Joel Agree921,8086,923,60803,053,25310,957,876
4CareTrust REIT2025David Sedgwick1,000,0001,242,02207,750,00010,002,522
5Federal Realty2025Donald Wood1,000,0007,554,43401,350,0009,929,147
6NNN REIT2025Stephen Horn975,0006,664,54402,069,4379,730,926
7Park Hotels2025Thomas Baltimore Jr.1,100,0005,967,30702,661,5059,729,412
8Essential Properties2025Peter Mavoides800,0006,853,00001,950,0009,634,000
9EastGroup Properties, Inc.2025Marshall Loeb885,0005,896,73802,340,0299,437,394
10Global Net Lease2025Edward Weil, Jr.1,000,0005,618,96902,000,0008,879,785
11Sabra Health Care2025Richard Matros1,000,0005,026,72102,526,0008,552,721
12First Industrial Trust, Inc.2025Peter Baccile935,0005,212,1992,113,0008,288,366
13Kite Realty2025John Kite1,000,0003,931,06102,912,5007,882,883
14COPT Defense Properties2025Stephen Budorick799,4235,085,41701,680,0007,582,340
15American Healthcare REIT2025Danny Prosky800,0004,355,8290840,0006,685,948
16LXP Industrial Trust2025T. Wilson Eglin840,0004,044,98201,442,4386,645,384
17Ryman Hospitality2025Mark Fioravanti938,6263,325,12501,782,5336,246,483
18OUTFRONT Media2025Nicolas Brien778,4644,333,3150745,9485,883,153
19STAG Industrial, Inc.2025William Crooker800,0003,599,97001,427,9155,881,152
20Terreno Realty2025W. Blake Baird800,0004,603,498005,413,998
21Independence Realty2025Scott Schaeffer800,0002,825,67501,127,2625,266,937
22Highwoods Properties2025Theodore Klinck772,0672,795,39701,291,1545,124,352
23Innovative Industrial Properties, Inc.2025Paul Smithers1,120,3502,375,20301,216,3644,722,417
24Paramount Group2024Albert Behler1,134,000002,615,0004,447,497
25Brixmor Property2025Brian T. Finnegan650,0001,777,1340830,9443,735,474
26Hudson Pacific2025Victor Coleman1,000,000356,326002,766,883

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
Terreno Realtynot disclosedPSU 65 · RSU 35Nonot disclosed
Agree Realty Corp329%PSU 70 · RSU 30NoMeridian
American Healthcare REIT150%RSU 50 · PSU 50Yes — Total Shareholder Return (TSR) relative to performance peer groupFerguson Partners Consulting, L.P.
Brixmor Property111%PSU 60 · RSU 40YesPay Governance
CareTrust REIT310%PSU 50 · RSU 50Yes — Relative TSRPearl Meyer
COPT Defense Properties150%PSU 60 · LTIP Units 40Yes — Total Shareholder Return (TSR)Ferguson Partners Consulting, L.P.
EastGroup Properties, Inc.137%PSU 70 · RSU 30Yes — TSR Compared to Nareit Equity Index ConstituentsFerguson Partners Consulting L.P.
Essential Properties163%LTIP Units 100Yes — Relative TSRFerguson Partners Consulting L.P.
Federal Realty120%not disclosedNoSemler Brossy Consulting Group
First Industrial Trust, Inc.113%PSU 65 · LTIP Units 35YesFerguson Partners Consulting, L.P.
Global Net Lease200%PSU 60 · RSU 40Yes — Relative TSR vs. Custom Net Lease Peer GroupFerguson Partners Consulting
Highwoods Properties119%RSU 50 · MSU 50Yes — Relative TSR vs FTSE NAREIT Equity Office IndexPearl Meyer
Hudson Pacific140%LTIP Units 50 · PSU 50Yes — Relative TSR vs. Nareit Office IndexFerguson Partners Consulting
Independence Realty203.4%PSU 75 · RSU 25Yes — Relative 3-year TSRnot disclosed
Innovative Industrial Properties, Inc.78%RSU 100not disclosedFrederic W. Cook & Co., Inc.
Kite Realtynot disclosedPSU 60 · RSU 40Yes — relative TSR performance versus shopping center REITsFerguson Partners Consulting
LXP Industrial Trustnot disclosedPSU 60 · RSU 40Yes — Relative TSR compared to MSCI US REIT IndexFerguson Partners Consulting, L.P.
National Storage98.25%PSU 75 · RSU 25Yes — Relative TSRMeridian
NNN REIT212.25%PSU 70 · RSU 30Yes — Three-year relative TSR compared to FTSE Nareit All Equity REITs IndexPearl Meyer
OUTFRONT Media95%PSU 60 · RSU 40Yes — Relative TSRClearBridge
Paramount Group154%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Park Hotels138%PSU 65 · RSU 35Yes — Relative Total Stockholder Return (TSR) vs. FTSE Nareit Lodging/Resorts IndexFerguson Partners Consulting L.P.
Rexford Industrial Realty, Inc.227%PSU 60 · RSU 40Yes — Relative TSR vs. Dow Jones U.S. Equity REIT IndexFPC
Ryman Hospitality188%PSU 50 · RSU 50Yes — TSR performance relative to designated peer groupsAon
Sabra Health Care168.4%PSU 65 · RSU 35YesFW Cook
STAG Industrial, Inc.178%PSU 65 · LTIP Units 35Yes — Relative TSR vs Industry Peer GroupFerguson Partners Consulting

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.

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, Michael A. CokeDEF 14A2026-03-200001193125-26-116759Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 5,413,998. Filing ↗machine: t94 · r3 · c23 · span 351003–351012
2Section 01, W. Blake BairdDEF 14A2026-03-200001193125-26-116759Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 5,413,998. Filing ↗machine: t94 · r2 · c23 · span 345620–345629
3Section 01, Jaime J. CannonDEF 14A2026-03-200001193125-26-116759Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 2,857,084. Filing ↗machine: span 357040–357049
4Section 01, John T. MeyerDEF 14A2026-03-200001193125-26-116759Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 2,857,084. Filing ↗machine: span 363050–363059
5Section 03, Michael A. Coke PSUDEF 14A2026-03-200001193125-26-116759Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t96 · r0 · c1 · span 365367–365376
6Section 03, Jaime J. Cannon PSUDEF 14A2026-03-200001193125-26-116759Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t96 · r0 · c1 · span 365418–365427
7Section 03, John T. Meyer PSUDEF 14A2026-03-200001193125-26-116759Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t96 · r0 · c1 · span 365418–365427
8Section 03, Jaime J. Cannon RSUDEF 14A2026-03-200001193125-26-116759Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t98 · r8 · c19 · span 381868–381874
9Section 03, W. Blake Baird PSUDEF 14A2026-03-200001193125-26-116759Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t96 · r0 · c1 · span 365367–365376
10Section 03, W. Blake Baird RSUDEF 14A2026-03-200001193125-26-116759Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t98 · r4 · c19 · span 375496–375502
11Section 03, Michael A. Coke RSUDEF 14A2026-03-200001193125-26-116759Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t98 · r6 · c19 · span 378683–378689
12Section 03, John T. Meyer RSUDEF 14A2026-03-200001193125-26-116759Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t98 · r10 · c19 · span 385049–385055
13Section 07, pay ratioDEF 14A2026-03-200001193125-26-116759Section “CEO Pay Ratio”. As printed: 17.2 : 1. Filing ↗machine: t124 · r7 · c7 · span 484562–484569
14Section 08, Constance von MuehlenDEF 14A2026-03-200001193125-26-116759Section “Director Compensation”. As printed: 225,006. Filing ↗machine: t145 · r5 · c11 · span 581849–581856
15Section 08, LeRoy E. CarlsonDEF 14A2026-03-200001193125-26-116759Section “Director Compensation”. As printed: 225,006. Filing ↗machine: t145 · r3 · c11 · span 579589–579596
16Section 08, Gary N. BostonDEF 14A2026-03-200001193125-26-116759Section “Director Compensation”. As printed: 225,006. Filing ↗machine: t145 · r2 · c11 · span 578481–578488
17Section 08, Irene H. OhDEF 14A2026-03-200001193125-26-116759Section “Director Compensation”. As printed: 225,006. Filing ↗machine: t145 · r6 · c11 · span 582977–582984
18Section 08, Douglas M. PasqualeDEF 14A2026-03-200001193125-26-116759Section “Director Compensation”. As printed: 225,006. Filing ↗machine: t145 · r7 · c11 · span 584088–584095
19Section 08, Paul J. Donahue, JrDEF 14A2026-03-200001193125-26-116759Section “Director Compensation”. As printed: 11,667. Filing ↗machine: t145 · r4 · c3 · span 580201–580207
20Section 08, Michael A. CokeDEF 14A2026-03-200001193125-26-116759Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, W. Blake BairdDEF 14A2026-03-200001193125-26-116759Section “Director Compensation”. As printed: 0. Filing ↗
22Section 02, Paul J. Donahue, Jr 2026-05-05Form 42026-05-070001476150-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Irene H. Oh 2026-05-05Form 42026-05-070001482107-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Gary N. Boston 2026-05-05Form 42026-05-070001476150-26-000028Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, LeRoy E. Carlson 2026-05-05Form 42026-05-070001476150-26-000027Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Constance von Muehlen 2026-05-05Form 42026-05-070001476150-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Douglas M. Pasquale 2026-05-05Form 42026-05-070001476150-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
28Section 06, 2026 voteForm 8-K2026-05-060001193125-26-209168Item 5.07 · say-on-pay result. As reported: 98.2% (votes for as printed: 99,590,913). Filing ↗
29Section 06, 2025 voteForm 8-K2025-05-070001193125-25-114980Item 5.07 · say-on-pay result. As reported: 95.97% (votes for as printed: 94,621,881). Filing ↗
30Section 06, 2024 voteForm 8-K2024-05-130001193125-24-137221Item 5.07 · say-on-pay result. As reported: 98.27% (votes for as printed: 83,124,580). Filing ↗
31Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
32Section 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
33Section 09b board cost (computed)ComputedcomputedCash 336,667 + equity 800,030 + all other 0 = 1,136,697, summed across the director compensation table rows.machine: formula: Σ = 1,136,697
34Rexford Industrial Realty, Inc., Section 10b CEO totalDEF 14A2026-04-080001571283-26-000012CEO total compensation as printed in Rexford Industrial Realty, Inc.'s own proxy. As printed: 25,892,687. Filing ↗machine: span 956405–956415
35National Storage, Section 10b CEO totalDEF 14A2026-04-010001289490-26-000027CEO total compensation as printed in National Storage's own proxy. As printed: 14,186,887. Filing ↗machine: r2 · c21 · span 521873–521883
36Agree Realty Corp, Section 10b CEO totalDEF 14A2026-04-020000917251-26-000031CEO total compensation as printed in Agree Realty Corp's own proxy. As printed: 10,957,876. Filing ↗machine: t90 · r2 · c21 · span 720296–720306
37CareTrust REIT, Section 10b CEO totalDEF 14A2026-03-130001628280-26-017386CEO total compensation as printed in CareTrust REIT's own proxy. As printed: 10,002,522. Filing ↗machine: r3 · c21 · span 586779–586789
38Federal Realty, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127642CEO total compensation as printed in Federal Realty's own proxy. As printed: 9,929,147. Filing ↗machine: t136 · r3 · c27 · span 657645–657654
39NNN REIT, Section 10b CEO totalDEF 14A2026-03-230001193125-26-118585CEO total compensation as printed in NNN REIT's own proxy. As printed: 9,730,926. Filing ↗machine: t26 · r3 · c14 · span 998777–998786
40Park Hotels, Section 10b CEO totalDEF 14A2026-03-120001617406-26-000021CEO total compensation as printed in Park Hotels's own proxy. As printed: 9,729,412. Filing ↗machine: r4 · c17 · span 2212468–2212477
41Essential Properties, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134683CEO total compensation as printed in Essential Properties's own proxy. As printed: 9,634,000. Filing ↗
42EastGroup Properties, Inc., Section 10b CEO totalDEF 14A2026-04-100000049600-26-000019CEO total compensation as printed in EastGroup Properties, Inc.'s own proxy. As printed: 9,437,394. Filing ↗machine: r2 · c21 · span 1059338–1059347
43Global Net Lease, Section 10b CEO totalDEF 14A2026-04-070001140361-26-013666CEO total compensation as printed in Global Net Lease's own proxy. As printed: 8,879,785. Filing ↗machine: t207 · r2 · c22 · span 725703–725713
44Sabra Health Care, Section 10b CEO totalDEF 14A2026-04-240001193125-26-175398CEO total compensation as printed in Sabra Health Care's own proxy. As printed: 8,552,721. Filing ↗machine: span 570037–570046
45First Industrial Trust, Inc., Section 10b CEO totalDEF 14A2026-03-300000921825-26-000041CEO total compensation as printed in First Industrial Trust, Inc.'s own proxy. As printed: 8,288,366. Filing ↗machine: r2 · c36 · span 508347–508356
46Kite Realty, Section 10b CEO totalDEF 14A2026-04-010001286043-26-000024CEO total compensation as printed in Kite Realty's own proxy. As printed: 7,882,883. Filing ↗machine: r2 · c6 · span 1509426–1509435
47COPT Defense Properties, Section 10b CEO totalDEF 14A2026-03-300000860546-26-000017CEO total compensation as printed in COPT Defense Properties's own proxy. As printed: 7,582,340. Filing ↗machine: t88 · r2 · c25 · span 765245–765254
48American Healthcare REIT, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149677CEO total compensation as printed in American Healthcare REIT's own proxy. As printed: 6,685,948. Filing ↗machine: r3 · c25 · span 905119–905128
49LXP Industrial Trust, Section 10b CEO totalDEF 14A2026-04-030000910108-26-000015CEO total compensation as printed in LXP Industrial Trust's own proxy. As printed: 6,645,384. Filing ↗machine: t65 · r2 · c15 · span 653567–653576
50Ryman Hospitality, Section 10b CEO totalDEF 14A2026-04-020001140361-26-012894CEO total compensation as printed in Ryman Hospitality's own proxy. As printed: 6,246,483. Filing ↗machine: r2 · c28 · span 1272440–1272449
51OUTFRONT Media, Section 10b CEO totalDEF 14A2026-04-210001579877-26-000012CEO total compensation as printed in OUTFRONT Media's own proxy. As printed: 5,883,153. Filing ↗
52STAG Industrial, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-031046CEO total compensation as printed in STAG Industrial, Inc.'s own proxy. As printed: 5,881,152. Filing ↗machine: span 1074440–1074449
53Terreno Realty (subject), Section 10b CEO totalDEF 14A2026-03-200001193125-26-116759CEO total compensation as printed in Terreno Realty's own proxy. As printed: 5,413,998. Filing ↗machine: t94 · r2 · c23 · span 345620–345629
54Independence Realty, Section 10b CEO totalDEF 14A2026-03-190001437749-26-009071CEO total compensation as printed in Independence Realty's own proxy. As printed: 5,266,937. Filing ↗machine: t171 · r1 · c25 · span 836781–836790
55Highwoods Properties, Section 10b CEO totalDEF 14A2026-03-270000921082-26-000030CEO total compensation as printed in Highwoods Properties's own proxy. As printed: 5,124,352. Filing ↗machine: t16 · r2 · c3 · span 333023–333032
56Innovative Industrial Properties, Inc., Section 10b CEO totalDEF 14A2026-04-220001628280-26-026588CEO total compensation as printed in Innovative Industrial Properties, Inc.'s own proxy. As printed: 4,722,417. Filing ↗machine: span 584381–584390
57Paramount Group, Section 10b CEO totalDEF 14A2025-04-030001558370-25-004397CEO total compensation as printed in Paramount Group's own proxy. As printed: 4,447,497. Filing ↗machine: span 1533974–1533983
58Brixmor Property, Section 10b CEO totalDEF 14A2026-03-110001104659-26-026381CEO total compensation as printed in Brixmor Property's own proxy. As printed: 3,735,474. Filing ↗machine: r4 · c27 · span 957466–957475
59Hudson Pacific, Section 10b CEO totalDEF 14A2026-04-230001104659-26-047885CEO total compensation as printed in Hudson Pacific's own proxy. As printed: 2,766,883. Filing ↗machine: t204 · r7 · c14 · span 1248681–1248690
60Section 10a, STAG Industrial, Inc. reciprocityDEF 14A0001104659-26-031046STAG Industrial, Inc. names Terreno Realty in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, COPT Defense Properties reciprocityDEF 14A0000860546-26-000017COPT Defense Properties's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
62Section 10a, EastGroup Properties, Inc. reciprocityDEF 14A0000049600-26-000019EastGroup Properties, Inc. names Terreno Realty in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, OUTFRONT Media reciprocityDEF 14A0001579877-26-000012OUTFRONT Media's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
64Section 10a, First Industrial Trust, Inc. reciprocityDEF 14A0000921825-26-000041First Industrial Trust, Inc. names Terreno Realty in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, American Healthcare REIT reciprocityDEF 14A0001193125-26-149677American Healthcare REIT's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
66Section 10a, National Storage reciprocityDEF 14A0001289490-26-000027National Storage's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
67Section 10a, LXP Industrial Trust reciprocityDEF 14A0000910108-26-000015LXP Industrial Trust names Terreno Realty in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, Brixmor Property reciprocityDEF 14A0001104659-26-026381Brixmor Property's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
69Section 10a, Kite Realty reciprocityDEF 14A0001286043-26-000024Kite Realty's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
70Section 10a, Global Net Lease reciprocityDEF 14A0001140361-26-013666Global Net Lease's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
71Section 10a, Paramount Group reciprocityDEF 14A0001558370-25-004397Paramount Group's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
72Section 10a, Agree Realty Corp reciprocityDEF 14A0000917251-26-000031Agree Realty Corp's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
73Section 10a, Sabra Health Care reciprocityDEF 14A0001193125-26-175398Sabra Health Care names Terreno Realty in its own disclosed peer group (read from its most recent proxy). Filing ↗
74Section 10a, Innovative Industrial Properties, Inc. reciprocityDEF 14A0001628280-26-026588Innovative Industrial Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
75Section 10a, Hudson Pacific reciprocityDEF 14A0001104659-26-047885Hudson Pacific's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
76Section 10a, NNN REIT reciprocityDEF 14A0001193125-26-118585NNN REIT's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
77Section 10a, Independence Realty reciprocityDEF 14A0001466085-25-000037Independence Realty names Terreno Realty in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, Essential Properties reciprocityDEF 14A0001193125-26-134683Essential Properties's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
79Section 10a, Highwoods Properties reciprocityDEF 14A0000921082-26-000030Highwoods Properties's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
80Section 10a, Ryman Hospitality reciprocityDEF 14A0001140361-26-012894Ryman Hospitality's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
81Section 10a, Rexford Industrial Realty, Inc. reciprocityDEF 14A0001571283-26-000012Rexford Industrial Realty, Inc.'s most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
82Section 10a, Federal Realty reciprocityDEF 14A0001193125-25-066328Federal Realty's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗
83Section 10a, Park Hotels reciprocityDEF 14A0001617406-26-000021Park Hotels's most recent proxy was read; its disclosed peer group does not include Terreno Realty. Filing ↗