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Universal Health Realty Income Trust Executive Compensation (FY25)

UHT · King Of Prussia, PA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 11, 2026
149 figures on this page: 138 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Alan Miller was paid $268,766 in total compensation as Chairman of the Board, Chief Executive Officer and President for fiscal 2025, and Miller's total was 2.4% higher than the $262,399 reported for fiscal 2024. The say-on-pay proposal drew 95.5% of votes cast for or against in favor at the meeting held June 10, 2026 for fiscal 2025. Companies named in the disclosed peer group include BRT Apartments Corp., Care Trust REIT, Community Healthcare Trust, CTO Realty Growth and Diversified Healthcare Trust, among others. For fiscal 2025, the company reported 4 named executive officers.
Chief executive, fiscal 2025
◇
Alan Miller
Latest say-on-pay support
=
June 10, 2026
This company is not required to report a chief executive pay ratio.
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 — Alan Miller: $262,399 → $268,766 (2.4% higher)
Say-on-pay support: 96.0% → 95.5% (0.5 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Universal Health Realty Income Trust's chief executive and what were they paid?
Alan Miller was paid $268,766 in total compensation as Chairman of the Board, Chief Executive Officer and President for fiscal 2025. Miller's total was 2.4% higher than the $262,399 reported for fiscal 2024.
What was Universal Health Realty Income Trust's say-on-pay result?
The say-on-pay proposal drew 95.5% of votes cast for or against in favor at the meeting held June 10, 2026 for fiscal 2025.
Which companies are in Universal Health Realty Income Trust's peer group?
Companies named in the disclosed peer group include BRT Apartments Corp., Care Trust REIT, Community Healthcare Trust, CTO Realty Growth and Diversified Healthcare Trust, among others.

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
Alan Miller
Chairman of the Board Chief Executive Officer and President
——◇———◇◇
Cheryl Ramagano
Senior Vice President-Operations Treasurer and Secretary
——◇———◇◇
Charles Boyle
Senior Vice President and Chief Financial Officer
——◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan Miller
Chairman of the Board Chief Executive Officer and President
——◇———◇◇
Charles Boyle
Senior Vice President and Chief Financial Officer
——◇———◇◇
Cheryl Ramagano
Senior Vice President-Operations Treasurer and Secretary
——◇———◇◇
Karla Peterson
Vice President Acquisitions and Development
——◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan Miller
Chairman of the Board, Chief Executive Officer and President
——◇———◇◇
Charles Boyle
Senior Vice President and Chief Financial Officer
——◇———◇◇
Cheryl Ramagano
Senior Vice President-Operations, Treasurer and Secretary
——◇———◇◇
Karla Peterson
Vice President, Acquisitions and Development
——◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan Miller
Chairman of the Board, Chief Executive Officer and President
——◇———◇◇
Cheryl Ramagano
Senior Vice President-Operations, Treasurer and Secretary
——◇———◇◇
Charles Boyle
Senior Vice President and Chief Financial Officer
——◇———◇◇
Karla Peterson
Vice President, Acquisitions and Development
——◇———◇◇
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
Alan B. MillerRSU◇——◇——◇
Charles F. BoyleRSU◇——◇——◇
Cheryl K. RamaganoRSU◇——◇——◇
Karla J. PetersonRSU◇——◇——◇
Fiscal 2022, 2023 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
Charles BoyleRSU◇◇——
RSU◇◇——
Cheryl RamaganoRSU◇◇——
RSU◇◇——
Alan MillerRSU◇◇——
RSU◇◇——
Karla PetersonRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Cheryl Ramagano
Senior Vice President-Operations, Treasurer and Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Equity acceleration on change in control◇
Charles Boyle
Senior Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Alan Miller
Chairman of the Board, Chief Executive Officer and President · Terms as described in the company’s compensation discussion · citing a 2025 filing
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert F. McCadden
◇◇———◇◇
Gayle L. Capozzalo
◇◇———◇◇
James P. Morey
◇◇———◇◇
Rebecca A. Guzman
◇◇———◇◇
Michael Allan Domb
◇◇———◇◇
Marc D. Miller
—◇———◇◇
Alan B. Miller 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◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • BRT Apartments Corp. BRT
  • Care Trust REIT CTRE
  • Community Healthcare Trust CHCT
  • CTO Realty Growth CTO
  • Diversified Healthcare Trust DHC
  • First Real Estate Investment Trust of NJ symbol not shown
  • Getty Realty Corp. GTY
  • Gladstone Commercial Corp. GOOD
  • Global Medical REIT symbol not shown
  • Healthcare Realty Trust Incorporated HR
  • Healthpeak Properties, Inc. DOC
  • LTC Properties, Inc. LTC
  • Medical Properties Trust, Inc. MPT
  • National Health Investors, Inc. NHI
  • Omega Healthcare Investors, Inc. OHI
  • One Liberty Properties, Inc. OLP
  • Service Properties Trust SVC
  • Sotherly Hotels (formerly MHI Hospitality) SOHO
  • Stratus Properties STRS
  • UMH Properties, Inc. UMH
  • Ventas, Inc. VTR
  • Welltower Inc. WELL
  • Wheeler REIT WHLR
  • Whitestone REIT WSR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 10, 2026=◇◇◇
2024June 11, 2025=◇◇◇
2023June 5, 2024=◇◇◇
2022June 7, 2023=◇◇◇
2021June 8, 2022=◇◇◇
2020June 2, 2021=◇◇◇
2019June 3, 2020=◇◇◇
2018June 12, 2019=◇◇◇
2017June 13, 2018=◇◇◇
2016June 7, 2017=◇◇◇
2015June 9, 2016=◇◇◇
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What this page does not include

Everything above is a fact Universal Health Realty Income Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Universal Health Realty Income Trust 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.
149 figures on this page: 138 cited to the filing that reported them, 11 calculated from figures it prints.
138 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-267569
  2. 0001193125-26-183412
    Director Compensation · Executive Compensation · Outstanding Equity Awards at December 31, 2025 · Plan-Based Awards · and 2 more sections
  3. 0000950170-25-085399
  4. 0000950170-25-058306
    Compensation Discussion and Analysis · Executive Compensation · Summary Compensation Table
  5. 0000950170-24-069899
  6. 0001193125-24-105818
    Summary Compensation Table
  7. 0000950170-23-027006
  8. 0001193125-23-113887
    Summary Compensation Table
  9. 0001564590-22-022872
  10. 0001564590-21-031463
  11. 0001564590-20-028494
  12. 0001564590-19-022338
  13. 0001564590-18-015541
  14. 0001193125-17-198084
  15. 0001193125-16-618527
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Universal Health Realty Income Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/UHT (accessed 2026).
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Real Estate rankings

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

Peers Universal Health Realty Income Trust discloses

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

BRT Apartments Corp.Care Trust REITCommunity Healthcare TrustCTO Realty GrowthDiversified Healthcare TrustGetty Realty Corp.Healthcare Realty Trust IncorporatedHealthpeak Properties, Inc.LTC Properties, Inc.Medical Properties Trust, Inc.National Health Investors, Inc.Omega Healthcare Investors, Inc.One Liberty Properties, Inc.Service Properties TrustStratus PropertiesUMH Properties, Inc.Ventas, Inc.Welltower Inc.Whitestone REIT

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