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

TRD 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
250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here

729 Seventh Avenue (Credit: Google Maps)

Lawyer argued façade was safe 3 months before fatal accident

Bill Ackman, LeBron James, and Arnold Schwarzenegger with 787 11th Avenue (Credit: Google Maps and Getty Images)

Celebrity property group caught in $11M construction dispute

Renderings of The William Vale and Denizen Bushwick (Credit: iStock)

All Year’s rating outlook turns negative as bondholders reject two amendments

RXR CEO Scott Rechler and an aerial view of the site (Credit: Getty Images, Google Maps)

RXR plans 21-story LIC office building with manufacturing incentives

arrow_forward_ios
Loading...