Real Estate
Executive compensation benchmarks for 30 public companies in the real estate investment trusts industry.
$7.2M
30
$48.0M
20:1
Median
$7,150,931
Average
$9,162,588
25th Percentile
$3,251,405
75th Percentile
$10,888,704
Minimum
$268,766
Maximum
$47,980,000
Avg Pay Ratio
20:1
Companies
30
Published peer groups
Compare the company-size groups with enough data to support a distinct benchmark.
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The median real estate investment trusts CEO compensation is $7,150,931, based on 30 public companies. The average is $9,162,588. 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 20:1. This means the average CEO earns 20 times what the median employee earns.
Data sourced from SEC filings (DEF 14A proxy statements). Last updated: October 14, 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 |
| SL GREEN REALTY CORP SLG | Marc Holliday | $20.7M |
| MEDICAL PROPERTIES TRUST INC MPT | Edward K. Aldag | $15.9M |
| MACERICH CO MAC | Jackson Hsieh | $15.0M |
| AGNC Investment Corp. AGNC | Peter J. Federico | $12.3M |
| SBA Communications Corporation SBAC | Brendan T. Cavanagh | $11.4M |
| 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 |
| ADAMAS TRUST, INC. ADAM | Jason T. Serrano | $8.2M |
| Veris Residential, Inc. VRE | Mahbod Nia | $7.4M |
| OUTFRONT Media Inc. OUT | Jeremy J. Male | $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 |
| REDWOOD TRUST INC RWT | Christopher J. Abate | $6.1M |
| HIGHWOODS PROPERTIES, INC. HIW | Theodore J. Klinck | $5.1M |
| Safehold Inc. SAFE | Jay Sugarman | $2.6M |
| Whitestone REIT WSR | David K. Holeman | $2.1M |
| 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 |