Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-30

Realty Income Corp. (O)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$16,251,931
Sumit Roy total, FY2025
56th
CEO pay percentile vs peers
105:1
CEO-to-median pay ratio
92.12%
Say-on-pay support, latest vote
Companies that benchmark against O
16 companies name O as a compensation peer

Each company listed discloses O in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named O in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Sumit Roy$1,000,000$0$9,149,496$0$4,981,012$0$1,121,423$16,251,931
President, Chief Executive Officer
Neil Abraham675,00002,897,28301,439,7230335,9565,347,962
Executive Vice President, Chief Strategy Officer and President, Realty Income International
Mark Hagan675,00002,847,64301,410,2960332,2085,265,147
Executive Vice President, Chief Investment Officer
Michelle Bushore600,00002,051,2330945,2650289,4123,885,910
Executive Vice President, Chief Legal Officer, General Counsel and Secretary
Jonathan Pong600,00001,821,47001,232,616038,1563,692,242
Executive Vice President, Chief Financial Officer, and Treasurer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Sumit Roy$16,251,931$15,246,209$13,128,810+1,005,722
Neil Abraham5,347,9624,843,4803,914,363+504,482
Mark Hagan5,265,1474,787,4953,839,594+477,652
Michelle Bushore3,885,9103,512,6062,998,955+373,304
Jonathan Pong3,692,2423,515,4810+176,761

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Gregory T. McLaughlinDirector2026-04-01D3,275$62$202,624CommonForm 4 ↗
Michelle BushoreSee Remarks2026-04-02D7,40062461,908CommonForm 4 ↗
Gerardo I. LopezDirector2026-05-21A3,21400CommonForm 4 ↗
Michael D. McKeeDirector2026-05-21A3,21400CommonForm 4 ↗
Jeff JacobsonDirector2026-05-21A3,21400CommonForm 4 ↗
Mary Hogan PreusseDirector2026-05-21A3,21400CommonForm 4 ↗
Priya Cherian HuskinsDirector2026-05-21A3,21400CommonForm 4 ↗
A. Larry ChapmanDirector2026-05-21A3,21400CommonForm 4 ↗
Priscilla AlmodovarDirector2026-05-21A3,21400CommonForm 4 ↗
Reginald H. GilyardDirector2026-05-21A3,21400CommonForm 4 ↗
Kim HourihanDirector2026-05-21A3,21400CommonForm 4 ↗
Gregory T. McLaughlinDirector2026-05-21A3,21400CommonForm 4 ↗
Neale RedingtonSee Remarks2026-06-27D2406315,149CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mark HaganPSU2025-02-1876,056$2,253,920
Neil AbrahamRSU2025-02-1810,977606,260
Jonathan PongRSU2025-02-185,432300,009
Mark HaganRSU2025-02-1810,750593,723
Michelle BushorePSU2025-02-1854,7061,621,212
Sumit RoyRSU2025-02-1834,5241,906,761
Sumit RoyPSU2025-02-18244,3987,242,735
Neil AbrahamPSU2025-02-1877,3082,291,023
Jonathan PongPSU2025-02-1851,3401,521,461
Michelle BushoreRSU2025-02-187,786430,021
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Hagan$593,723$2,253,920$079.2%
Neil Abraham606,2602,291,023079.1%
Jonathan Pong300,0091,521,461083.5%
Michelle Bushore430,0211,621,212079.0%
Sumit Roy1,906,7617,242,735079.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michelle BushorePSU53,818$3,033,721
Sumit RoyRSU117,0136,596,023
Neil AbrahamRSU34,4661,942,848
Mark HaganRSU33,9471,913,592
Michelle BushoreRSU5,916333,485
Michelle BushoreRSU27,2911,538,394
Mark HaganRSU16,164911,165
Jonathan PongRSU12,957730,386
Neil AbrahamPSU77,3084,357,852
Neil AbrahamRSU7,467420,915
Sumit RoyRSU25,2821,425,146
Jonathan PongPSU37,5462,116,468
Sumit RoyPSU238,64213,452,250
Jonathan PongRSU2,336131,680
Neil AbrahamPSU75,8764,277,130
Neil AbrahamRSU10,977618,773
Jonathan PongRSU5,212293,800
Michelle BushorePSU54,7063,083,777
Neil AbrahamRSU16,424925,821
Jonathan PongRSU5,432306,202
Mark HaganRSU10,750605,978
Sumit RoyRSU57,5863,246,123
Sumit RoyRSU34,5241,946,118
Mark HaganRSU7,354414,545
Mark HaganPSU76,0564,287,277
Sumit RoyPSU244,39813,776,715
Mark HaganPSU74,3124,188,967
Jonathan PongPSU51,3402,894,036
Michelle BushoreRSU13,071736,812
Michelle BushoreRSU7,786438,897
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary objectives of our compensation program are to: 1. Align the interests of management with those of stockholders; 2. Link executive compensation to the Company's short-term and long-term performance; and 3. Attract, motivate, and retain highly qualified executive officers through competitive compensation arrangements.

CEO STI target (% of salary)250%
CEO LTI target (% of salary)
Independent consultantFPC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-21596,608,21651,050,4102,885,85892.12%Passed
20252025-05-13570,950,48143,098,2252,705,59392.98%Passed
20242024-05-30576,396,36741,461,9732,047,20493.29%Passed
20232023-05-23450,405,83032,790,6851,787,10393.21%Passed
20222022-05-17398,168,25831,843,6441,659,55892.24%Passed
20202020-05-12227,177,36612,103,4831,655,06294.94%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2192.12%a
20252025-05-1392.98%b
20242024-05-3093.29%c

a. Approved under the standard stated in the filing — “An abstention or a broker non-vote will not count as a vote cast and thus will have no effect on the outcome of the vote.”.

b. Approved under the standard stated in the filing — “An abstention or a broker non-vote will not count as a vote cast and thus will have no effect on the outcome of the vote.”.

c. Approved under the standard stated in the filing — “An abstention or a broker non-vote will not count as a vote cast and thus will have no effect on the outcome of the vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)105 : 1
CEO total compensation$16,251,931
Median employee compensation$154,939
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael D. McKeeIndependent · Board Chair · Lead Independent Director · Nominating/Corporate Governance$280,000$199,978$0$0$479,978
Gregory T. McLaughlinIndependent · Audit · Compensation132,500199,9780010,000342,478
Priya Cherian HuskinsIndependent · Compensation (Chair) · Nominating/Corporate Governance140,000199,97800339,978
Priscilla AlmodovarIndependent · Audit (Chair)135,000199,97800334,978
Reginald H. GilyardIndependent · Nominating/Corporate Governance (Chair)125,000199,97800324,978
Mary Hogan PreusseIndependent · Compensation · Nominating/Corporate Governance118,750199,97800318,728
A. Larry ChapmanIndependent · Audit117,500199,97800317,478
Jeff JacobsonIndependent · Audit117,500199,97800317,478
Gerardo I. LopezIndependent · Compensation115,000199,97800314,978
Kim HourihanIndependent · Compensation · Partial-year service · Newly elected28,750199,997000228,747
Jacqueline BradyIndependent · Nominating/Corporate Governance · Not standing for re-election · Departed during FY57,5000057,500
Sumit RoyEmployee director000000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 25,000 / 25,000
Stock ownership guideline5x annual cash retainer ($500,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,367,500
Equity awards (grant-date value)$1,999,799
All other compensation$10,000
Total cost of the board$3,377,299

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Realty Income Corp. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Realty Income Corp..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Welltower Inc.2025Shankh Mitra$1,300,000$813,178,818$0$6,500,000$821,090,355
2CBRE Group, Inc.2025Robert Sulentic1,350,00019,023,32403,638,82424,325,039
3BXP, Inc.2025Owen Thomas950,00019,317,94302,758,90023,047,305
4Equinix, Inc.2025Adaire Fox-Martin1,000,00021,416,9514322,654,885
5MetLife, Inc.2025Michel Khalaf1,500,00014,797,60104,600,00022,364,273
6The Hartford Insurance Group, Inc.2025Christopher Swift1,200,00010,982,7903,412,5005,808,00022,114,212
7Digital Realty Trust, Inc.2025Andrew Power978,84614,174,68403,700,00021,071,498
8Ventas, Inc.2025Debra Cafaro1,162,72012,015,05104,087,30317,501,073
9Realty Income Corp.2025Sumit Roy1,000,0009,149,49604,981,01216,251,931
10Kennedy-Wilson Holdings, Inc.2024William McMorrow1,500,0008,734,19603,735,00015,842,528
11Prologis, Inc.2025Daniel Letter795,38512,500,990015,190,625
12Jones Lang LaSalle Incorporated2025Christian Ulbrich1,042,8899,930,77603,666,00014,675,352
13Crown Castle Inc.2025Christian Hillabrant269,23112,147,0360823,52214,154,801
14Equity Residential2025Mark Parrell900,0008,023,6681,498,7412,317,61312,759,187
15Simon Property Group, Inc.2025David Simon1,250,0007,000,2610011,663,678
16Northern Trust Corporation2025Michael O'Grady1,000,0006,150,11102,730,00010,059,154
17Public Storage2025Joseph Russell1,000,0003,982,3712,907,5832,005,8239,909,777
18AvalonBay Communities, Inc.2025Benjamin Schall1,000,0006,319,735482,3651,815,5409,663,500
19Alexandria Real Estate Equities, Inc.2025Peter Moglia840,0006,106,50201,890,0008,844,053

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Realty Income Corp.199%PSU 75 · RSU 25Yes — TSR ranking relative to MSCI US REIT IndexFPC
Alexandria Real Estate Equities, Inc.not disclosedPSU 50 · RSU 50Yes — Absolute TSRFTI Consulting, Inc.
AvalonBay Communities, Inc.104.8%PSU 100NoFerguson Partners Consulting L.P.
BXP, Inc.117.4%PSU 55 · RSU 45Yes — Relative TSR with aTSR ModifierFW Cook
CBRE Group, Inc.134.8%PSU 34 · RSU 33 · MSU 33Yes — Relative TSRFrederic W. Cook & Co., Inc.
Crown Castle Inc.139.16%PRSU 60 · RSU 40NoFW Cook
Digital Realty Trust, Inc.378%PSU 60 · LTIP Units 40NoSemler Brossy
Equinix, Inc.99%PSU 67 · RSU 33Yes — rTSRCompensia
Equity Residential114.45%PSU 100Yes — Performance of Company relative to weighted average TSR of companies in the FTSE Nareit Equity Apartments IndexFerguson Partners Consulting
Jones Lang LaSalle Incorporated122%PSU 60 · RSU 40NoExequity LLP
Kennedy-Wilson Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
MetLife, Inc.100.5%PSU 70 · RSU 30Yes — TSR relative to TSR Peer GroupSemler Brossy Consulting Group
Northern Trust Corporationnot disclosednot disclosednot disclosednot disclosed
Prologis, Inc.137.5%PSU 100NoPay Governance
Public Storagenot disclosedRSU 60 · Options 40not disclosedFerguson Partners Consulting
Simon Property Group, Inc.49.63%LTIP Units 75 · RSU 25Yes — TSR modifierSemler Brossy
The Hartford Insurance Group, Inc.176%PSU 75 · Options 25Yes — Peer-relative TSRCompensation Advisory Partners, LLP (CAP)
Ventas, Inc.352%PSU 70 · RSU 30Yes — TSR Relative to the Nareit Health Care IndexSemler Brossy
Welltower Inc.200%not disclosedYes — TSR vs FTSE NAREIT Equity Health Care IndexFPC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Realty Income Corp. in fiscal 2025?
Sumit Roy, President and Chief Executive Officer, was the highest-paid executive at Realty Income Corp. in fiscal 2025 with total compensation of $16,251,931.
How does Realty Income Corp.'s chief executive pay compare to its disclosed peer group?
The CEO's pay placed him in the 56th percentile relative to his disclosed peer group.
What is Realty Income Corp.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 105:1.
How did shareholders vote on Realty Income Corp.'s executive compensation?
Shareholders voted in favor of the executive compensation plan with 92.12% support.
How much does Realty Income Corp. spend in total on board compensation for fiscal 2025?
The filing shows total board compensation for fiscal 2025 was $3,377,299.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Sumit RoyDEF 14A2026-03-250000726728-26-000021Section “SUMMARY COMPENSATION TABLE” · page 60. As printed: 16,251,931. Filing ↗machine: r3 · c18 · span 1118130–1118140
2Section 01, Neil AbrahamDEF 14A2026-03-250000726728-26-000021Section “SUMMARY COMPENSATION TABLE” · page 60. As printed: 5,347,962. Filing ↗machine: r9 · c18 · span 1133024–1133033
3Section 01, Mark HaganDEF 14A2026-03-250000726728-26-000021Section “SUMMARY COMPENSATION TABLE” · page 60. As printed: 5,265,147. Filing ↗machine: r12 · c18 · span 1140461–1140470
4Section 01, Michelle BushoreDEF 14A2026-03-250000726728-26-000021Section “SUMMARY COMPENSATION TABLE” · page 60. As printed: 3,885,910. Filing ↗machine: r15 · c18 · span 1147658–1147667
5Section 01, Jonathan PongDEF 14A2026-03-250000726728-26-000021Section “SUMMARY COMPENSATION TABLE” · page 60. As printed: 3,692,242. Filing ↗machine: r6 · c18 · span 1125569–1125578
6Section 03, Mark Hagan PSUDEF 14A2026-03-250000726728-26-000021Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t217 · r14 · c12 · span 1223723–1223729
7Section 03, Neil Abraham RSUDEF 14A2026-03-250000726728-26-000021Section “GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t217 · r10 · c17 · span 1210242–1210249
8Section 03, Jonathan Pong RSUDEF 14A2026-03-250000726728-26-000021Section “GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t217 · r7 · c17 · span 1199863–1199870
9Section 03, Mark Hagan RSUDEF 14A2026-03-250000726728-26-000021Section “GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t217 · r13 · c17 · span 1221171–1221178
10Section 03, Michelle Bushore PSUDEF 14A2026-03-250000726728-26-000021Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t217 · r17 · c12 · span 1234486–1234492
11Section 03, Sumit Roy RSUDEF 14A2026-03-250000726728-26-000021Section “GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t217 · r4 · c17 · span 1188975–1188984
12Section 03, Sumit Roy PSUDEF 14A2026-03-250000726728-26-000021Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t217 · r5 · c12 · span 1191880–1191887
13Section 03, Neil Abraham PSUDEF 14A2026-03-250000726728-26-000021Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t217 · r11 · c12 · span 1213144–1213150
14Section 03, Jonathan Pong PSUDEF 14A2026-03-250000726728-26-000021Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t217 · r8 · c12 · span 1202415–1202421
15Section 03, Michelle Bushore RSUDEF 14A2026-03-250000726728-26-000021Section “GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. Filing ↗machine: t217 · r16 · c17 · span 1231584–1231591
16Section 07, pay ratioDEF 14A2026-03-250000726728-26-000021Section “CEO Pay Ratio”. As printed: 105 : 1. Filing ↗machine: span 1530732–1530740
17Section 08, Michael D. McKeeDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 479,978. Filing ↗machine: t126 · r2 · c7 · span 646976–646983
18Section 08, Gregory T. McLaughlinDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 342,478. Filing ↗machine: t126 · r11 · c7 · span 664608–664615
19Section 08, Priya Cherian HuskinsDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 339,978. Filing ↗machine: t126 · r8 · c7 · span 658694–658701
20Section 08, Priscilla AlmodovarDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 334,978. Filing ↗machine: t126 · r3 · c7 · span 648966–648973
21Section 08, Reginald H. GilyardDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 324,978. Filing ↗machine: t126 · r5 · c7 · span 652898–652905
22Section 08, Mary Hogan PreusseDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 318,728. Filing ↗machine: t126 · r6 · c7 · span 655059–655066
23Section 08, A. Larry ChapmanDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 317,478. Filing ↗machine: t126 · r4 · c7 · span 650911–650918
24Section 08, Jeff JacobsonDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 317,478. Filing ↗machine: t126 · r9 · c7 · span 660675–660682
25Section 08, Gerardo I. LopezDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 314,978. Filing ↗machine: t126 · r10 · c7 · span 662834–662841
26Section 08, Kim HourihanDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 228,747. Filing ↗machine: t126 · r7 · c6 · span 656744–656751
27Section 08, Jacqueline BradyDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 57,500. Filing ↗machine: t126 · r12 · c1 · span 665578–665584
28Section 08, Sumit RoyDEF 14A2026-03-250000726728-26-000021Section “Director Compensation”. As printed: 0. Filing ↗
29Section 02, Gregory T. McLaughlin 2026-04-01Form 42026-04-010001403051-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Michelle Bushore 2026-04-02Form 42026-04-020001779260-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Gerardo I. Lopez 2026-05-21Form 42026-05-260001248032-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Michael D. McKee 2026-05-21Form 42026-05-260001183487-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Jeff Jacobson 2026-05-21Form 42026-05-260001384514-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Mary Hogan Preusse 2026-05-21Form 42026-05-260001697749-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Priya Cherian Huskins 2026-05-21Form 42026-05-260001419882-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, A. Larry Chapman 2026-05-21Form 42026-05-260001542647-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Priscilla Almodovar 2026-05-21Form 42026-05-260001847531-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Reginald H. Gilyard 2026-05-21Form 42026-05-260001706594-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Kim Hourihan 2026-05-21Form 42026-05-260002090607-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Gregory T. McLaughlin 2026-05-21Form 42026-05-260001403051-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Neale Redington 2026-06-27Form 42026-06-300001628280-26-046325Insider equity transaction reported since the proxy statement. Filing ↗
42Section 06, 2026 voteForm 8-K2026-05-220000726728-26-000033Item 5.07 · say-on-pay result. As reported: 92.12% (votes for as printed: 596,608,216). Filing ↗
43Section 06, 2025 voteForm 8-K2025-05-150000726728-25-000110Item 5.07 · say-on-pay result. As reported: 92.98% (votes for as printed: 570,950,481). Filing ↗
44Section 06, 2024 voteForm 8-K2024-06-030000726728-24-000080Item 5.07 · say-on-pay result. As reported: 93.29% (votes for as printed: 576,396,367). Filing ↗
45Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
46Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
47Section 09b board cost (computed)ComputedcomputedCash 1,367,500 + equity 1,999,799 + all other 10,000 = 3,377,299, summed across the director compensation table rows.machine: formula: Σ = 3,377,299
48Welltower Inc., Section 10b CEO totalDEF 14A2026-04-100000766704-26-000014CEO total compensation as printed in Welltower Inc.'s own proxy. As printed: 821,090,355. Filing ↗machine: t141 · r3 · c12 · span 1124520–1124531
49CBRE Group, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-141285CEO total compensation as printed in CBRE Group, Inc.'s own proxy. As printed: 24,325,039. Filing ↗machine: t20 · r6 · c18 · span 508434–508444
50BXP, Inc., Section 10b CEO totalDEF 14A2026-04-100001037540-26-000010CEO total compensation as printed in BXP, Inc.'s own proxy. As printed: 23,047,305. Filing ↗machine: span 1785714–1785724
51Equinix, Inc., Section 10b CEO totalDEF 14A2026-04-020001101239-26-000073CEO total compensation as printed in Equinix, Inc.'s own proxy. As printed: 22,654,885. Filing ↗machine: span 1101160–1101170
52MetLife, Inc., Section 10b CEO totalDEF 14A2026-04-290001099219-26-000026CEO total compensation as printed in MetLife, Inc.'s own proxy. As printed: 22,364,273. Filing ↗machine: r2 · c8 · span 3558353–3558363
53The Hartford Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-04-090000874766-26-000025CEO total compensation as printed in The Hartford Insurance Group, Inc.'s own proxy. As printed: 22,114,212. Filing ↗machine: r2 · c51 · span 1020351–1020361
54Digital Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-170001308179-26-000296CEO total compensation as printed in Digital Realty Trust, Inc.'s own proxy. As printed: 21,071,498. Filing ↗machine: r2 · c14 · span 644147–644157
55Ventas, Inc., Section 10b CEO totalDEF 14A2026-04-010000740260-26-000010CEO total compensation as printed in Ventas, Inc.'s own proxy. As printed: 17,501,073. Filing ↗machine: r2 · c42 · span 1775799–1775810
56Realty Income Corp. (subject), Section 10b CEO totalDEF 14A2026-03-250000726728-26-000021CEO total compensation as printed in Realty Income Corp.'s own proxy. As printed: 16,251,931. Filing ↗machine: r3 · c18 · span 1118130–1118140
57Kennedy-Wilson Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-250000950170-25-058797CEO total compensation as printed in Kennedy-Wilson Holdings, Inc.'s own proxy. As printed: 15,842,528. Filing ↗machine: span 1349719–1349729
58Prologis, Inc., Section 10b CEO totalDEF 14A2026-03-190001193125-26-115132CEO total compensation as printed in Prologis, Inc.'s own proxy. As printed: 15,190,625. Filing ↗machine: span 926776–926786
59Jones Lang LaSalle Incorporated, Section 10b CEO totalDEF 14A2026-04-170001037976-26-000099CEO total compensation as printed in Jones Lang LaSalle Incorporated's own proxy. As printed: 14,675,352. Filing ↗machine: r2 · c39 · span 1021535–1021545
60Crown Castle Inc., Section 10b CEO totalDEF 14A2026-04-060001051470-26-000039CEO total compensation as printed in Crown Castle Inc.'s own proxy. As printed: 14,154,801. Filing ↗machine: r3 · c42 · span 809142–809152
61Equity Residential, Section 10b CEO totalDEF 14A2026-04-140001193125-26-155007CEO total compensation as printed in Equity Residential's own proxy. As printed: 12,759,187. Filing ↗machine: t125 · r5 · c25 · span 1751090–1751100
62Simon Property Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038320CEO total compensation as printed in Simon Property Group, Inc.'s own proxy. As printed: 11,663,678. Filing ↗machine: t240 · r4 · c17 · span 1804893–1804903
63Northern Trust Corporation, Section 10b CEO totalDEF 14A2026-03-110000073124-26-000022CEO total compensation as printed in Northern Trust Corporation's own proxy. As printed: 10,059,154. Filing ↗machine: r3 · c36 · span 1256395–1256406
64Public Storage, Section 10b CEO totalDEF 14A2026-03-270001193125-26-128991CEO total compensation as printed in Public Storage's own proxy. As printed: 9,909,777. Filing ↗machine: t75 · r4 · c29 · span 2764941–2764950
65AvalonBay Communities, Inc., Section 10b CEO totalDEF 14A2026-04-060001104659-26-039943CEO total compensation as printed in AvalonBay Communities, Inc.'s own proxy. As printed: 9,663,500. Filing ↗machine: t263 · r9 · c18 · span 1661086–1661095
66Alexandria Real Estate Equities, Inc., Section 10b CEO totalDEF 14A2026-04-010001035443-26-000031CEO total compensation as printed in Alexandria Real Estate Equities, Inc.'s own proxy. As printed: 8,844,053. Filing ↗machine: r6 · c19 · span 3171042–3171051
67Section 10a, CBRE Group, Inc. reciprocityDEF 14A0001193125-26-141285CBRE Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
68Section 10a, Kennedy-Wilson Holdings, Inc. reciprocityDEF 14A0000950170-25-058797Kennedy-Wilson Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
69Section 10a, Prologis, Inc. reciprocityDEF 14A0001193125-26-115132Prologis, Inc.'s most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
70Section 10a, Equity Residential reciprocityDEF 14A0001193125-26-155007Equity Residential's most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
71Section 10a, Jones Lang LaSalle Incorporated reciprocityDEF 14A0001037976-26-000099Jones Lang LaSalle Incorporated's most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
72Section 10a, Northern Trust Corporation reciprocityDEF 14A0000073124-26-000022Northern Trust Corporation's most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
73Section 10a, Equinix, Inc. reciprocityDEF 14A0001101239-26-000073Equinix, Inc.'s most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
74Section 10a, Public Storage reciprocityDEF 14A0001193125-26-128991Public Storage names Realty Income Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, BXP, Inc. reciprocityDEF 14A0001037540-26-000010BXP, Inc.'s most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
76Section 10a, Alexandria Real Estate Equities, Inc. reciprocityDEF 14A0001035443-26-000031Alexandria Real Estate Equities, Inc.'s most recent proxy was read; its disclosed peer group does not include Realty Income Corp.. Filing ↗
77Section 10a, Digital Realty Trust, Inc. reciprocityDEF 14A0001308179-26-000296Digital Realty Trust, Inc. names Realty Income Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, Ventas, Inc. reciprocityDEF 14A0000740260-26-000010Ventas, Inc. names Realty Income Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗
79Section 10a, Welltower Inc. reciprocityDEF 14A0000766704-26-000014Welltower Inc. names Realty Income Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗