How Albright was paid
$3.9M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| John P. AlbrightPresident & Chief Executive Officer | $870,000 | $1,778,421 | $1,239,750 | $17,564 | $3,905,735 |
| Steven R. GreathouseSr. Vice President & Chief Investment Officer | $520,000 | $724,945 | $585,000 | $14,810 | $1,844,755 |
| Philip R. MaysSr. Vice President, Chief Financial Officer & Treasurer | $415,000 | $578,563 | $466,875 | $16,322 | $1,476,760 |
| Daniel E. SmithSr. Vice President, General Counsel & Corporate Secretary | $335,000 | $467,030 | $376,875 | $17,564 | $1,196,469 |
| Lisa M. VorakounSr. Vice President & Chief Accounting Officer | $300,000 | $418,228 | $337,500 | $14,540 | $1,070,268 |
What changed and why
- $3.9MJohn P. Albright received a total compensation of $3,905,735 in fiscal 2025, representing an increase from the prior year total of $3,047,109.
- $144.9MThe company acquired two shopping centers for $144.9 million and originated structured investment commitments totaling $21.0 million.
- 4.4%Shopping center same property NOI increased by 4.4% versus 2024, and leased occupancy reached 95.9% at year-end.
- The executive team achieved performance under the annual incentive plan at the midpoint between target and outperform levels.
- 95.7%Stockholders expressed strong support for the executive compensation program with 95.7% approval at the 2025 annual meeting.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.