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Realty Income Executive Compensation (FY25)

O · San Diego, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
270 figures on this page: 260 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Total compensation for Sumit Roy, President, Chief Executive Officer, came to $16,251,931 in fiscal 2025, and compared with the $15,246,209 reported for fiscal 2024, Roy's total was 6.6% higher, while for fiscal 2025, the company reported a chief executive pay ratio of 105:1, against median employee compensation of $154,939. Separately, for fiscal 2025, shareholders backed the say-on-pay proposal with 92.1% of votes cast for or against in favor at the meeting held May 21, 2026. The disclosed peer group names Alexandria Real Estate Equities, Inc., AvalonBay Communities, Inc., BXP, Inc., CBRE Group, Inc. and Crown Castle Inc., among others.
Chief executive, fiscal 2025
◇
Sumit Roy
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Sumit Roy: $15,246,209 → $16,251,931 (6.6% higher)
Say-on-pay support: 93.0% → 92.1% (0.9 points lower)
CEO pay ratio: 106:1 → 105:1 (0.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Realty Income's chief executive and what were they paid?
Total compensation for Sumit Roy, President, Chief Executive Officer, came to $16,251,931 in fiscal 2025. Compared with the $15,246,209 reported for fiscal 2024, Roy's total was 6.6% higher.
What was Realty Income's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 92.1% of votes cast for or against in favor at the meeting held May 21, 2026.
Which companies are in Realty Income's peer group?
The disclosed peer group names Alexandria Real Estate Equities, Inc., AvalonBay Communities, Inc., BXP, Inc., CBRE Group, Inc. and Crown Castle Inc., among others.
What is Realty Income's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 105:1, against median employee compensation of $154,939.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sumit Roy
President Chief Executive Officer
◇◇◇—◇—◇◇
Neil Abraham
Executive Vice President Chief Strategy Officer and President, Realty Income International
◇◇◇—◇—◇◇
Mark Hagan
Executive Vice President Chief Investment Officer
◇◇◇—◇—◇◇
Michelle Bushore
Executive Vice President Chief Legal Officer General Counsel and Secretary
◇◇◇—◇—◇◇
Jonathan Pong
Executive Vice President Chief Financial Officer, and Treasurer
———————— not reported
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sumit Roy
President Chief Executive Officer
◇—◇—◇—◇◇
Neil Abraham
Executive Vice President Chief Strategy Officer and President, Realty Income International
◇—◇—◇—◇◇
Mark Hagan
Executive Vice President Chief Investment Officer
◇—◇—◇—◇◇
Michelle Bushore
Executive Vice President Chief Legal Officer General Counsel and Secretary
◇—◇—◇—◇◇
Jonathan Pong
Executive Vice President Chief Financial Officer, and Treasurer
———————— not reported
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sumit Roy
President Chief Executive Officer
◇—◇—◇—◇◇
Neil Abraham
Executive Vice President Chief Strategy Officer and President, Realty Income International
◇—◇—◇—◇◇
Mark Hagan
Executive Vice President Chief Investment Officer
◇—◇—◇—◇◇
Jonathan Pong
Executive Vice President Chief Financial Officer, and Treasurer
◇—◇—◇—◇◇
Michelle Bushore
Executive Vice President Chief Legal Officer General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sumit Roy
President, Chief Executive Officer
◇—◇—◇—◇◇
Neil Abraham
Executive Vice President, Chief Strategy Officer and President, Realty Income International
◇—◇—◇—◇◇
Mark Hagan
Executive Vice President, Chief Investment Officer
◇—◇—◇—◇◇
Michelle Bushore
Executive Vice President, Chief Legal Officer, General Counsel and Secretary
◇—◇—◇—◇◇
Jonathan Pong
Executive Vice President, Chief Financial Officer, and Treasurer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Jonathan PongPSU◇—◇———◇
Jonathan PongRSU◇——◇——◇
Mark E. HaganRSU◇——◇——◇
Mark E. HaganPSU◇—◇———◇
Michelle BushoreRSU◇——◇——◇
Michelle BushorePSU◇—◇———◇
Neil M. AbrahamPSU◇—◇———◇
Neil M. AbrahamRSU◇——◇——◇
Sumit RoyPSU◇—◇———◇
Sumit RoyRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michelle BushorePSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Sumit RoyRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Neil AbrahamRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Mark HaganRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Jonathan PongRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael D. McKee
Board chair · Lead independent director
◇◇————◇
Gregory T. McLaughlin
◇◇———◇◇
Priya Cherian Huskins
◇◇————◇
Priscilla Almodovar
◇◇————◇
Reginald H. Gilyard
◇◇————◇
Mary Hogan Preusse
◇◇————◇
Jeff Jacobson
◇◇————◇
A. Larry Chapman
◇◇————◇
Gerardo I. Lopez
◇◇————◇
Kim Hourihan
◇◇————◇
Jacqueline Brady
◇—————◇
Sumit Roy served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.
Stock ownership guideline: 5x annual cash retainer ($500,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alexandria Real Estate Equities, Inc. ARE
  • AvalonBay Communities, Inc. AVB
  • BXP, Inc. BXP
  • CBRE Group, Inc. CBRE
  • Crown Castle Inc. CCI
  • Digital Realty Trust, Inc. DLR
  • Equinix, Inc. EQIX
  • Equity Residential EQR
  • Jones Lang LaSalle Incorporated JLL
  • Kennedy-Wilson Holdings, Inc. KW
  • MetLife, Inc. MET
  • Northern Trust Corporation NTRS
  • Prologis, Inc. PLD
  • Public Storage PSA
  • Simon Property Group, Inc. SPG
  • The Hartford Insurance Group, Inc. HIG
  • Ventas, Inc. VTR
  • Welltower Inc. WELL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 30, 2024=◇◇◇
2022May 23, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2019May 12, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 18, 2018=◇◇◇
2016May 16, 2017=◇◇◇
2015May 17, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Realty Income disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Realty Income sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
270 figures on this page: 260 cited to the filing that reported them, 10 calculated from figures it prints.
260 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000726728-26-000033
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000726728-26-000021
    CEO Pay Ratio · Director Compensation · GRANTS OF PLAN-BASED AWARDS TABLE · Grants of Plan-Based Awards Table · and 2 more sections
  3. 0000726728-25-000110
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000726728-25-000080
    SUMMARY COMPENSATION TABLE
  5. 0000726728-24-000080
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000726728-24-000063
    SUMMARY COMPENSATION TABLE
  7. 0000726728-23-000073
  8. 0000726728-23-000059
    SUMMARY COMPENSATION TABLE
  9. 0000726728-22-000063
  10. 0000726728-20-000046
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000726728-19-000052
  12. 0000726728-18-000064
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000726728-17-000074
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000726728-16-000035
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Realty Income executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/O (accessed 2026).
Short form: data: Velarion
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Realty Income discloses

The companies named in O's own disclosed peer group.

Alexandria Real Estate Equities, Inc.AvalonBay Communities, Inc.BXP, Inc.CBRE Group, Inc.Crown Castle Inc.Digital Realty Trust, Inc.Equinix, Inc.Equity ResidentialKennedy-Wilson Holdings, Inc.MetLife, Inc.Northern Trust CorporationPrologis, Inc.Public StorageSimon Property Group, Inc.The Hartford Insurance Group, Inc.Ventas, Inc.Welltower Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy