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Real Estate
Executive compensation benchmarks for 53 public companies in the real estate investment trusts industry.
$7.4M
53
$48.0M
356:1
Median
$7,434,706
Average
$9,486,251
25th Percentile
$5,521,861
75th Percentile
$11,785,559
Minimum
$268,766
Maximum
$47,980,000
Avg Pay Ratio
356:1
Companies
53
Published peer groups
Compare the company-size groups with enough data to support a distinct benchmark.
Click any company to see full compensation breakdown
The median real estate investment trusts CEO compensation is $7,434,706, based on 53 public companies. The average is $9,486,251. Note that CEO compensation includes salary, bonus, stock awards, option awards, and other compensation.
Toby Neugebauer of Fermi Inc. is the highest paid real estate investment trusts CEO, with total compensation of $47,980,000 in FY2025.
The average CEO-to-median-employee pay ratio in the real estate investment trusts industry is 356:1. This means the average CEO earns 356 times what the median employee earns.
Data sourced from SEC filings (DEF 14A proxy statements). Last updated: August 30, 2026. Compensation figures are total annual compensation including salary, bonus, stock awards, and other compensation.
Compare CEO compensation across different industries or research specific companies.
| Company | CEO | Total Comp |
|---|---|---|
| Fermi Inc. FRMI | Toby Neugebauer | $48.0M |
| Prologis, Inc. PLD | Hamid Moghadam | $25.0M |
| EQUINIX INC EQIX | Adaire Fox-Martin | $22.7M |
| Rithm Capital Corp. RITM | Michael Nierenberg | $20.5M |
| Lineage, Inc. LINE | Greg Lehmkuhl | $20.0M |
| SL GREEN REALTY CORP SLG | Marc Holliday | $17.4M |
| MEDICAL PROPERTIES TRUST INC MPT | Edward K. Aldag | $15.9M |
| MACERICH CO MAC | Jackson Hsieh | $15.0M |
| AMERICAN TOWER CORP /MA/ AMT | Steven O. Vondran | $14.9M |
| HOST HOTELS & RESORTS, INC. HST | James F. Risoleo | $14.8M |
| AGNC Investment Corp. AGNC | Peter J. Federico | $14.2M |
| Gaming & Leisure Properties, Inc. GLPI | Peter M. Carlino | $14.1M |
| PennyMac Mortgage Investment Trust PMT | David A. Spector | $12.7M |
| Arbor Realty Trust, Inc. ABR | Ivan Kaufman | $11.8M |
| SIMON PROPERTY GROUP INC. SPG | David Simon | $11.7M |
| SBA Communications Corporation SBAC | Brendan T. Cavanagh | $11.4M |
| TWO HARBORS INVESTMENT CORP. TWO | William Greenberg | $11.3M |
| REGENCY CENTERS CORP REG | Lisa Palmer | $11.1M |
| Easterly Government Properties, Inc. DEA | Darrell W. Crate | $10.3M |
| ESSENTIAL PROPERTIES REALTY TRUST, INC. EPRT | Peter M. Mavoides | $9.6M |
| Douglas Emmett, Inc. DEI | Jordan L. Kaplan | $9.0M |
| Global Net Lease, Inc. GNL | Edward M. Weil | $8.9M |
| ALEXANDRIA REAL ESTATE EQUITIES, INC. ARE | Peter M. Moglia | $8.8M |
| LAMAR ADVERTISING CO/NEW LAMR | Sean E. Reilly | $8.5M |
| ADAMAS TRUST, INC. ADAM | Jason T. Serrano | $8.2M |
| Phillips Edison & Company, Inc. PECO | Jeffrey S. Edison | $8.1M |
| Veris Residential, Inc. VRE | Mahbod Nia | $7.4M |
| CoreCivic, Inc. CXW | Damon T. Hininger | $7.2M |
| TANGER INC. SKT | Stephen Yalof | $7.1M |
| ACADIA REALTY TRUST AKR | Kenneth F. Bernstein | $6.9M |
| LXP Industrial Trust LXP | T. Wilson Eglin | $6.6M |
| Pebblebrook Hotel Trust PEB | Jon E. Bortz | $6.6M |
| DiamondRock Hospitality Co DRH | Jeffrey J. Donnelly | $6.4M |
| Ryman Hospitality Properties, Inc. RHP | Mark Fioravanti | $6.2M |
| REDWOOD TRUST INC RWT | Christopher J. Abate | $6.1M |
| Broadstone Net Lease, Inc. BNL | John D. Moragne | $6.1M |
| OUTFRONT Media Inc. OUT | Nicolas Brien | $5.9M |
| Four Corners Property Trust, Inc. FCPT | William H. Lenehan | $5.7M |
| CROWN CASTLE INC. CCI | Anthony J. Melone | $5.7M |
| JBG SMITH Properties JBGS | W. Matthew | $5.5M |
| HIGHWOODS PROPERTIES, INC. HIW | Theodore J. Klinck | $5.1M |
| Apple Hospitality REIT, Inc. APLE | Justin G. Knight | $5.1M |
| American Assets Trust, Inc. AAT | Adam Wyll | $4.8M |
| CENTERSPACE CSR | Anne Olson | $3.1M |
| Safehold Inc. SAFE | Jay Sugarman | $2.6M |
| Whitestone REIT WSR | David K. Holeman | $2.1M |
| Armour Residential REIT, Inc. ARR | Scott J. Ulm | $1.7M |
| SAUL CENTERS, INC. BFS | B. Francis Saul II | $1.3M |
| BLACKSTONE MORTGAGE TRUST, INC. BXMT | Katharine A. Keenan | $1.2M |
| Apollo Commercial Real Estate Finance, Inc. ARI | Stuart A. Rothstein | $1.1M |
| LTC PROPERTIES INC LTC | Wendy L. Simpson | $1.0M |
| Ellington Credit Company EARN | David Block | $407K |
| UNIVERSAL HEALTH REALTY INCOME TRUST UHT | Alan B. Miller | $269K |