REIT Shareholders Frustrated As Exec Pay Surpasses Returns

Law360, New York (May 31, 2012, 9:27 PM EDT) -- With pay for executives at real estate investment trusts outpacing market performance, investors still smarting from the downturn are becoming increasingly frustrated with their lack of control over board pay packages, and some experts are calling for more regulatory scrutiny.

The median total compensation for the leaders of the 100 largest REITs rose 14 percent last year, reaching $8.65 million, according to a recent report from Chicago compensation consultancy FPL Associates. Base salaries for chief executives, chief financial officers and general counsels increased 10 percent after...
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