Ladies first: REITs with female board members do better than their all-male counterparts

Wells Fargo report found companies get higher average prices and total returns

New York /
Mar.March 08, 2018 10:00 AM

If you want to have a successful real estate investment trust, it would help to include women on the board.

A new study from Wells Fargo analyzing 165 equity REITs from 2006 to 2017 found that companies with an above average number of female board members had higher total returns and average price over the decade, according to the Wall Street Journal.

An average REIT had 15.5 percent female board members, and the share prices of REITs with a higher percentage of women than this outperformed the REITs with no female members by about 2 percent.

REITs in the prison, advertising and energy-infrastructure fields had the highest percentages of female board members, according to the report, while healthcare, single-family residential and industrial REITs had the lowest percentages, and 34 of the REITs had no female members at all.

The Real Deal recently took an in-depth look at real estate’s gender divide in the wake of the Harvey Weinstein scandal and national #MeToo movement. [WSJ] – Eddie Small


Related Articles

arrow_forward_ios
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
Convene CEO Ryan Simonetti (Convene)

Convene closes Manhattan locations as corporate events fail to return

Convene closes Manhattan locations as corporate events fail to return
New York City District Council of Carpenters’s Monitor Glen McGorty (iStock; LinkedIn)

NYC carpenters union changes how it roots out mob ties

NYC carpenters union changes how it roots out mob ties
The Economic Innovation Group identified 145 real estate investments in Opportunity Zones (iStock)

Real estate deals dominate Opportunity Zones. Is that bad?

Real estate deals dominate Opportunity Zones. Is that bad?
11 Penn Plaza and Apple CEO Tim Cook (VNO; Getty)

Apple snags more space at Vornado’s 11 Penn Plaza

Apple snags more space at Vornado’s 11 Penn Plaza
Amazon's Jeff Bezos, Google's Sundar Pichai and Facebook's Mark Zuckerberg (Getty, iStock)

Tech giants occupy nearly 600M-sf of US real estate

Tech giants occupy nearly 600M-sf of US real estate
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...