Real Estate
Data updated July 2026
17 companies · FY2025
Reading the Real Estate CEO Pay Landscape (SIC 65, FY2025)
The Real Estate industry, classified under 2-digit SIC code 65, had 17 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2025. Across that set of firms, the median CEO-to-worker pay ratio was 45:1 and the average was 512:1. Median CEO total compensation in the sector was $5.7M, with the sector-wide average at $54.3M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Real Estate earned $1.9M, while the 75th percentile CEO earned $8.8M - a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. The gap between the 512:1 average and the 45:1 median is wide, which almost always signals that a small number of very-high-pay CEOs are pulling the mean upward; the median is the fairer yardstick for "a typical company in this sector."
Below you can scan each of the 47 Real Estate companies PlainCEOPay currently tracks in this SIC group, with reported CEO total compensation, median worker pay, and individual pay ratios. Company pages show how each available filing compares with this industry benchmark. The current dataset does not include a CEO name or an itemized compensation breakdown for each company. All displayed figures are drawn from SEC EDGAR filings; they are not estimated, imputed, or projected.
Companies in Real Estate (47)
| Company | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|
| Opendoor Technologies Inc.SEC EDGAR DEF 14A, CIK 1801169 | $741.1M | $98K | 7,581:1 | 2025 |
| Cbre Group, Inc.SEC EDGAR DEF 14A, CIK 1138118 | $19.0M | $71K | 269:1 | 2023 |
| Jones Lang Lasalle IncSEC EDGAR DEF 14A, CIK 1037976 | $2.4M | $10K | 243:1 | 2025 |
| Newmark Group, Inc.SEC EDGAR DEF 14A, CIK 1690680 | $20.0M | $85K | 234:1 | 2024 |
| Jones Lang Lasalle IncSEC EDGAR DEF 14A, CIK 1037976 | $2.2M | $10K | 221:1 | 2023 |
| Newmark Group, Inc.SEC EDGAR DEF 14A, CIK 1690680 | $20.0M | $94K | 212:1 | 2023 |
| Opendoor Technologies Inc.SEC EDGAR DEF 14A, CIK 1801169 | $17.6M | $86K | 203:1 | 2023 |
| Invitation Homes Inc.SEC EDGAR DEF 14A, CIK 1687229 | $14.1M | $76K | 185:1 | 2025 |
| Cushman & Wakefield Ltd.SEC EDGAR DEF 14A, CIK 1628369 | $9.5M | $60K | 157:1 | 2025 |
| Invitation Homes Inc.SEC EDGAR DEF 14A, CIK 1687229 | $10.4M | $76K | 137:1 | 2023 |
| AGNT, Inc.SEC EDGAR DEF 14A, CIK 1495932 | $7.8M | $61K | 127:1 | 2023 |
| Douglas Elliman Inc.SEC EDGAR DEF 14A, CIK 1878897 | $8.8M | $70K | 126:1 | 2023 |
| Marcus & Millichap, Inc.SEC EDGAR DEF 14A, CIK 1578732 | $10.4M | $84K | 124:1 | 2023 |
| Compass, Inc.SEC EDGAR DEF 14A, CIK 1563190 | $10.6M | $95K | 112:1 | 2025 |
| Anywhere Real Estate Inc.SEC EDGAR DEF 14A, CIK 1398987 | $8.2M | $77K | 107:1 | 2024 |
| MARRIOTT VACATIONS WORLDWIDE CorpSEC EDGAR DEF 14A, CIK 1524358 | - | - | 99:1 | 2025 |
| Compass, Inc.SEC EDGAR DEF 14A, CIK 1563190 | $7.7M | $84K | 92:1 | 2023 |
| WeWork Inc.SEC EDGAR DEF 14A, CIK 1813756 | $6.4M | $71K | 91:1 | 2022 |
| Cushman & Wakefield Ltd.SEC EDGAR DEF 14A, CIK 1628369 | $4.7M | $57K | 82:1 | 2023 |
| Kennedy-Wilson Holdings, Inc.SEC EDGAR DEF 14A, CIK 1408100 | - | - | 76:1 | 2024 |
| Radius Global Infrastructure, Inc.SEC EDGAR DEF 14A, CIK 1810739 | $5.5M | $73K | 75:1 | 2022 |
| Kennedy-Wilson Holdings, Inc.SEC EDGAR DEF 14A, CIK 1408100 | - | - | 66:1 | 2023 |
| Urban Edge PropertiesSEC EDGAR DEF 14A, CIK 1611547 | $7.7M | $117K | 66:1 | 2023 |
| Marcus & Millichap, Inc.SEC EDGAR DEF 14A, CIK 1578732 | $6.3M | $95K | 66:1 | 2025 |
| Urban Edge PropertiesSEC EDGAR DEF 14A, CIK 1611547 | $8.1M | $128K | 63:1 | 2025 |
| Piedmont Realty Trust, Inc.SEC EDGAR DEF 14A, CIK 1042776 | $7.1M | $139K | 51:1 | 2023 |
| RE/MAX Holdings, Inc.SEC EDGAR DEF 14A, CIK 1581091 | $4.5M | $100K | 45:1 | 2023 |
| ST JOE CoSEC EDGAR DEF 14A, CIK 745308 | $1.8M | $41K | 45:1 | 2025 |
| ST JOE CoSEC EDGAR DEF 14A, CIK 745308 | $1.8M | $44K | 40:1 | 2023 |
| Piedmont Realty Trust, Inc.SEC EDGAR DEF 14A, CIK 1042776 | $5.7M | $147K | 39:1 | 2025 |
| Innovative Industrial Properties IncSEC EDGAR DEF 14A, CIK 1677576 | $7.1M | $209K | 34:1 | 2023 |
| Innovative Industrial Properties IncSEC EDGAR DEF 14A, CIK 1677576 | $6.6M | $246K | 27:1 | 2025 |
| Offerpad Solutions Inc.SEC EDGAR DEF 14A, CIK 1825024 | $2.0M | $81K | 25:1 | 2025 |
| Forestar Group Inc.SEC EDGAR DEF 14A, CIK 1406587 | $4.2M | $166K | 25:1 | 2024 |
| Offerpad Solutions Inc.SEC EDGAR DEF 14A, CIK 1825024 | $1.8M | $74K | 24:1 | 2023 |
| Tejon Ranch CoSEC EDGAR DEF 14A, CIK 96869 | $1.5M | $61K | 24:1 | 2025 |
| Forestar Group Inc.SEC EDGAR DEF 14A, CIK 1406587 | $2.9M | $154K | 19:1 | 2023 |
| RE/MAX Holdings, Inc.SEC EDGAR DEF 14A, CIK 1581091 | $1.8M | $104K | 17:1 | 2024 |
| Curbline Properties Corp.SEC EDGAR DEF 14A, CIK 2027317 | $3.3M | $253K | 13:1 | 2025 |
| AH Realty Trust, Inc.SEC EDGAR DEF 14A, CIK 1569187 | - | - | 12:1 | 2025 |
| Safehold Inc. /MDSEC EDGAR DEF 14A, CIK 1688852 | - | - | 10:1 | 2021 |
| Five Point Holdings, LLCSEC EDGAR DEF 14A, CIK 1574197 | $1.7M | $190K | 9:1 | 2023 |
| Tejon Ranch CoSEC EDGAR DEF 14A, CIK 96869 | $582K | $65K | 9:1 | 2023 |
| Seritage Growth PropertiesSEC EDGAR DEF 14A, CIK 1628063 | $2.4M | $306K | 8:1 | 2023 |
| AGNT, Inc.SEC EDGAR DEF 14A, CIK 1495932 | $1.6M | $59K | 6:1 | 2025 |
| Redfin CorpSEC EDGAR DEF 14A, CIK 1382821 | $900K | $300K | 3:1 | 2023 |
| Five Point Holdings, LLCSEC EDGAR DEF 14A, CIK 1574197 | $373K | $187K | 2:1 | 2025 |
Frequently Asked Questions
What's the typical pay ratio in Real Estate? ▼
How much do Real Estate CEOs earn? ▼
How many companies report CEO pay in Real Estate? ▼
Where does this Real Estate pay data come from? ▼
Why is the average pay ratio much higher than the median in Real Estate? ▼
Read our methodology - how this data is sourced, computed, and verified.
Related
Every figure on PlainCEOPay is rendered directly from SEC EDGAR executive compensation filings, no number is typed in by an editor. Industry benchmarks are computed directly from SEC EDGAR filings, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.