Real Estate CEO pay ratio
SEC EDGAR DEF 14A benchmarks for SIC 65. Highest in-industry ratio on this page: Opendoor Technologies Inc. at 7,581:1.
- Median pay ratio
- 54:1
- Average pay ratio
- 502:1
- Median CEO pay
- $6.0M
- Companies tracked
- 18
Data updated August 2026
Answer first
Real Estate sits at #59 of 63 SIC-2 industries by median CEO-to-worker pay ratio and #50 of 63 by median CEO pay - ratio rank is not dollar rank (18 FY2025 filers, median 54:1 / $6.0M).
Placement uses the same latest-fiscal-year-per-SIC medians as the Industries directory. Median-ratio rank #59 of 63 is not median-CEO-pay rank #50 of 63. Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. Inside this SIC, Opendoor Technologies Inc. currently leads the in-page company list at 7,581:1.
- Median ratio
- 54:1
- #59 of 63 SIC-2 industries
- Median CEO pay
- $6.0M
- #50 of 63 by median dollars
- Filers
- 18
- FY2025 SIC 65
Ratio bands inside Real Estate
Exclusive CEO-to-median-worker bands across 16 complete FY2025 filings in SIC 65. Segments sum to the in-industry set, not the leader bars below.
Real Estate vs all SIC-2 industries
Unique-issuer pay ratios in this SIC as bars , plus live COUNT placement #59 of 63 industries by median CEO-to-worker pay ratio (8th percentile) . Corpus complete-filing median is 87:1; this industry's median is 54:1.
Filing-year trail · SIC 65
Same SIC-2 industry_benchmarks extract across FY2021–2025: median CEO-to-worker pay ratio, median CEO dollars, and filer count per fiscal year. Year-over-year deltas compare adjacent filing years only; they are not inflation-adjusted and do not invent missing years.
- Latest median ratio
- 54:1
- FY2025
- vs prior FY
- +3:1
- from FY2024 51:1
- Median CEO $ YoY
- +4.5%
- $6.0M latest
- Filer count YoY
- -1
- 18 in FY2025
| FY | Median ratio | Δ ratio | Median CEO pay | Δ pay | Filers |
|---|---|---|---|---|---|
| 2021 | 62:1 | - | $9.0M | - | 17 |
| 2022 | 70:1 | +7.5:1 | $5.5M | -39% | 22 |
| 2023 | 66:1 | -3.5:1 | $7.1M | +29% | 23 |
| 2024 | 51:1 | -15:1 | $5.7M | -19% | 19 |
| 2025 | 54:1 | +3:1 | $6.0M | +4.5% | 18 |
Source: PlainCEOPay industry_benchmarks for SIC 65 (Real Estate), FY2021–2025. Each row is one fiscal-year cohort median, not a company-level panel.
Lower-third median pay ratio
Real Estate in the lower-ratio third
Real Estate sits in the bottom third of SIC-2 industries by median CEO-to-worker pay ratio (54:1; #59 of 63). Real Estate (SIC 65) posts a lower-third median CEO-to-worker pay ratio of 54:1 across 18 FY2025 SEC filers.
Even in the lower-ratio third, the 25th percentile CEO earned $2.0M while the 75th earned $9.8M. The 502:1 average sits well above the 54:1 median, so a few very-high-pay CEOs are pulling the mean; the median is the fairer yardstick.
Below: each of the 30 Real Estate companies PlainCEOPay tracks in this SIC , with CEO total compensation, median worker pay, and pay ratios. Company pages compare each filing to this industry median. Figures are from SEC EDGAR filings - not estimates.
According to the U.S. Securities and Exchange Commission's EDGAR database, PlainCEOPay's August 2026 refresh processed 2,456 public companies with 1,423 complete FY2025 DEF 14A proxy filings (fiscal years 2021 through 2025) under Item 402(u) of Regulation S-K. See our methodology for parsing rules.
Companies in Real Estate (30 )
| # | Company | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| 1 | Opendoor Technologies Inc. SEC EDGAR DEF 14A, CIK 1801169 | $741.1M | $98K | 7,581:1 | 2025 |
| 2 | Cbre Group, Inc. SEC EDGAR DEF 14A, CIK 1138118 | $24.3M | $71K | 341:1 | 2025 |
| 3 | Jones Lang Lasalle Inc SEC EDGAR DEF 14A, CIK 1037976 | $2.4M | $10K | 243:1 | 2025 |
| 4 | Newmark Group, Inc. Latest filing FY2024 SEC EDGAR DEF 14A, CIK 1690680 | $20.0M | $85K | 234:1 | 2024 |
| 5 | Invitation Homes Inc. SEC EDGAR DEF 14A, CIK 1687229 | $14.1M | $76K | 185:1 | 2025 |
| 6 | Cushman & Wakefield Ltd. SEC EDGAR DEF 14A, CIK 1628369 | $9.5M | $60K | 157:1 | 2025 |
| 7 | Douglas Elliman Inc. Latest filing FY2023 SEC EDGAR DEF 14A, CIK 1878897 | $8.8M | $70K | 126:1 | 2023 |
| 8 | Compass, Inc. SEC EDGAR DEF 14A, CIK 1563190 | $10.6M | $95K | 112:1 | 2025 |
| 9 | Anywhere Real Estate Inc. Latest filing FY2024 SEC EDGAR DEF 14A, CIK 1398987 | $8.2M | $77K | 107:1 | 2024 |
| 10 | MARRIOTT VACATIONS WORLDWIDE Corp SEC EDGAR DEF 14A, CIK 1524358 | - | - | 99:1 | 2025 |
| 11 | WeWork Inc. Latest filing FY2022 SEC EDGAR DEF 14A, CIK 1813756 | $6.4M | $71K | 91:1 | 2022 |
| 12 | Kennedy-Wilson Holdings, Inc. Latest filing FY2024 SEC EDGAR DEF 14A, CIK 1408100 | $15.8M | $207K | 76:1 | 2024 |
| 13 | Radius Global Infrastructure, Inc. Latest filing FY2022 SEC EDGAR DEF 14A, CIK 1810739 | $5.5M | $73K | 75:1 | 2022 |
| 14 | Marcus & Millichap, Inc. SEC EDGAR DEF 14A, CIK 1578732 | $6.3M | $95K | 66:1 | 2025 |
| 15 | Urban Edge Properties SEC EDGAR DEF 14A, CIK 1611547 | $8.1M | $128K | 63:1 | 2025 |
| 16 | ST JOE Co SEC EDGAR DEF 14A, CIK 745308 | $1.9M | $41K | 45:1 | 2025 |
| 17 | Piedmont Realty Trust, Inc. SEC EDGAR DEF 14A, CIK 1042776 | $5.7M | $147K | 39:1 | 2025 |
| 18 | Innovative Industrial Properties Inc SEC EDGAR DEF 14A, CIK 1677576 | $6.6M | $246K | 27:1 | 2025 |
| 19 | Offerpad Solutions Inc. SEC EDGAR DEF 14A, CIK 1825024 | $2.0M | $81K | 25:1 | 2025 |
| 20 | Forestar Group Inc. Latest filing FY2024 SEC EDGAR DEF 14A, CIK 1406587 | $4.2M | $166K | 25:1 | 2024 |
| 21 | Tejon Ranch Co SEC EDGAR DEF 14A, CIK 96869 | $1.5M | $61K | 24:1 | 2025 |
| 22 | RE/MAX Holdings, Inc. Latest filing FY2024 SEC EDGAR DEF 14A, CIK 1581091 | $1.8M | $104K | 17:1 | 2024 |
| 23 | Curbline Properties Corp. SEC EDGAR DEF 14A, CIK 2027317 | $3.3M | $253K | 13:1 | 2025 |
| 24 | AH Realty Trust, Inc. SEC EDGAR DEF 14A, CIK 1569187 | - | - | 12:1 | 2025 |
| 25 | Safehold Inc. /MD Latest filing FY2021 SEC EDGAR DEF 14A, CIK 1688852 | - | - | 10:1 | 2021 |
Latest filing: 9 of the 25 issuers above have no FY2025 filing on file, so their row shows their newest earlier year (see the FY column). They are ranked here beside FY2025 filers and each carries the marker; the Real Estate benchmark and the lead figures on this page use FY2025 filers only.
Showing the top 25 unique CIKs by pay ratio (each issuer's latest filing). 5 additional Real Estate issuers are on company pages and the national rankings · browse all.
Real Estate sits in the bottom third of SIC-2 industries by median CEO-to-worker pay ratio (54:1; #59 of 63). Open Opendoor Technologies Inc. for the in-SIC filing next to this median, or compare every SIC on the Industries directory.
Read our methodology - how this data is sourced, computed, and verified.