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REIT industry shows lackluster board diversity

Paul Hodgson | January 10, 2017

Recruitment firm Ferguson Partners released a report showing that the real estate investment trust (REIT) industry is lagging behind others in improving gender diversity on boards in both the United Kingdom and United States. The report examines data collected from 40 U.S. and the 30 U.K. REITs to find out how the industry measures up regarding female representation in the boardroom. 

The research showed that when the top U.K. and U.S. REITs board of directors were compared to S&P 500 and FTSE 100 companies’ boards, REITs underrepresent women directors and executives. Women comprise 12.6 percent of U.S. REIT boards is 12.6 percent and 13.4 percent of U.K. REIT boards.

Some 80 percent of the U.S. REIT boards have at least one female director, whereas 73 percent of U.K. REITs have a female director. But this compares poorly to S&P 500 companies, where 97 percent have at least one female director and 75 percent have at least two female directors on the board.... To get the full story, subscribe now.