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REIT Exec Pay Faces 2013 Plateau

CHICAGO-But don't start passing the hat quite yet. They're coming off a year of all-time-high payouts.

By John Salustri | Updated on May 31, 2013

CHICAGO-Last year was a banner year for public commercial real estate executives. According to new research by locally based FPL Advisory Group, compensation for performance in 2012 increased by 7%, the highest it has been since the firm began studying compensation levels.

But in an exclusive interview with GlobeSt.com, senior managing director Jeremy Banoff says the major hikes might be coming to an end. “REITs have consistently outperformed the markets over multiple timeframes so earnings have been relatively high,” he notes. “That said, we’re likely to see a plateau for 2013.” But don’t fear for executive welfare. Banoff reiterates that current compensation, “equals the highest levels observed across the industry since the study’s inception.” That means 11 years.

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