Chief executive officers at the top 15 public real estate investment trusts all earned upward of $4 million last year, with the largest firm’s CEO inching toward a annual compensation total of nearly $50 million last year.

…Data from public company intelligence provider MyLogIQ showed Prologis CEO Hamid Moghadam taking the cake with total pay of about $48.2 million in 2022. He also was first in terms of annual performance metrics, with 19 separate metrics being mentioned in his proxy statement.

Simon Property Group CEO David Simon was the second-highest earner among this group, with total compensation of roughly $35.7 million last year, and Equinix CEO Charles Meyers placed third with $22.3 million. Simon and Equinix used six and five performance metrics in annual plans, respectively,