REIT Comp Plans Get Low Marks

General Growth Properties' Village Of Merrick Park, Fla.

REITs are struggling this year to pitch compensation plans that shareholders approve of—a change of pace, considering the industry is known for proposing investor-friendly pay plans.

So far this year, four REITs, including General Growth Properties, have had their pay plans rejected by shareholders in non-binding votes—something that happened just once through 2015, the Wall Street Journal reports.

Advisory firm Institutional Shareholder Services suggested investors vote against the compensation programs of 25 REITs this year—up from 14 last year—stating there's still room for improvement, especially with externally managed REITs.

“The REIT industry as a whole has taken somewhat of a black eye because of a number of bad-acting, smaller companies that have not provided transparency at all,” said ISS Corporate Solutions head of advisory John Roe. [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Data Center Energy Bill Stalls In Congress As Opponents Say It Lacked 'Real Teeth'

Kroenke Announces $135M Renovation For Denver's Ball Arena

Iconic Jersey Shore Property Hits The Market For $85M As Redevelopment Play

FedEx's Consolidation Plan Puts $3B Of CMBS Debt In Crosshairs

FBI Opens Investigation Into Multifamily Investor Lurin Capital

DWS Plans Liquidation Of Nontraded REIT After Heightened Redemption Activity

Bisnow's 2026 DEI Data Series

Lincoln Property's New Pennsylvania Head On What Types Of Deals He's Targeting

America's Data Centers Are Running Out Of People Who Know How To Run Them

Why Data Centers Crave Simplicity As Operations Grow More Complex

Blackstone Looks To Secondary Market To Cash Out Investors In $11B Fund

CalSTRS Plans $5B In New CRE Investments